Document:

EX-10.1

 Exhibit 10.1 
  

	
	  

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 Commission.

 
 PURCHASE AGREEMENT COM0041-08

 
 between

 
 EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA
S.A.
  
 and

 
 CANELA INVESTMENTS LLC

 

 INDEX 
  

							
	 ARTICLE 
	  	PAGE	 
	1.	 	 INTERPRETATION 
	  	 	4	  
	2.	 	 SUBJECT
	  	 	6	  
	3.	 	 PRICE 
	  	 	7	  
	4.	 	 PAYMENT 
	  	 	7	  
	5.	 	 DELIVERY
	  	 	8	  
	6.	 	 CERTIFICATION 
	  	 	9	  
	7.	 	 ACCEPTANCE AND TRANSFER OF
OWNERSHIP 
	  	 	10	  
	8.	 	 STORAGE CHARGE

	  	 	11	  
	9.	 	 DELAYS IN DELIVERY

	  	 	12	  
	10.	 	 DELIVERY INSPECTION

	  	 	14	  
	11.	 	 CHANGES
	  	 	15	  
	12.	 	 WARRANTY AND
GUARANTEES
	  	 	17	  
	13.	 	 PRODUCT SUPPORT
PACKAGE
	  	 	17	  
	14.	 	 ASSIGNMENT
	  	 	17	  
	15.	 	 RESTRICTIONS AND PATENT INDEM
NITY 
	  	 	18	  
	16.	 	 MARKETING PROMOTIONAL 
RIGHTS 
	  	 	20	  
	17.	 	 TAXES 
	  	 	21	  
	18.	 	 APPLICABLE LAW 
	  	 	21	  
	19.	 	 JURISDICTION 
	  	 	21	  
	20.	 	 TERMINATION
	  	 	21	  
	21.	 	 OPTION AIRCRAFT
	  	 	23	  
	22.	 	 PURCHASE RIGHT AIRCRAFT

	  	 	25	  
	23.	 	 CONVERSION AIRCRAFT

	  	 	25	  
	24.	 	 INDEMNITY
	  	 	26	  
	25.	 	 NOTICES 
	  	 	27	  
	26.	 	 CONFIDENTIALITY 
	  	 	27	  
	27.	 	 FOREIGN CONTENT

	  	 	27	  
	28.	 	 SEVERABILITY 
	  	 	28	  
	29.	 	 NON-WAIVER 
	  	 	28	  
	30.	 	 INTEGRATED AGREEMENT

	  	 	28	  
	31.	 	 NEGOTIATED AGREEMENT

	  	 	28	  
	32.	 	 COUNTERPARTS
	  	 	28	  
	33.	 	 ENTIRE AGREEMENT

	  	 	28	  
	34.	 	 REPRESENTATIONS AND WARRANTIES
 
	  	 	28	  

  
  

 
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENTS 

 

			
	 “A” –
	  	AIRCRAFT CONFIGURATION
	 “A2” –
	  	[*****] AIRCRAFT CONFIGURATION
	 “A3” –
	  	[*****] AIRCRAFT CONFIGURATION
	 “A4” –
	  	[*****] AIRCRAFT CONFIGURATION
	 “B” –
	  	FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE
		  	Exhibit 1 to Attachment B (LIST OF TECHNICAL PUBLICATIONS)
		  	Exhibit 2 to Attachment B (SPECIAL INSURANCE CLAUSES)
	 “C” –
	  	WARRANTY CERTIFICATE—MATERIAL AND WORKMANSHIP
	 “D” –
	  	PRICE ESCALATION FORMULA
	 “E1”
	  	[*****] AIRCRAFT PERFORMANCE GUARANTEE
	 “E2”
	  	[*****] AIRCRAFT PERFORMANCE GUARANTEE
	 “E3”
	  	[*****] AIRCRAFT PERFORMANCE GUARANTEE
	 “E4”
	  	[*****] AIRCRAFT PERFORMANCE GUARANTEE
	 “F”
	  	DISPATCH RELIABILITY GUARANTEE
	 “G”
	  	SERVICE LIFE GUARANTEE

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 30

 PURCHASE AGREEMENT COM0041-08 

THIS AGREEMENT IS ENTERED INTO THIS 11TH DAY OF MARCH 2008, BY AND BETWEEN EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. AND CANELA INVESTMENTS
LLC, FOR THE PURCHASE AND SALE OF EMBRAER AIRCRAFT. 
 THE SALE COVERED BY THIS AGREEMENT SHALL BE GOVERNED SOLELY BY THE TERMS AND CONDITIONS HEREIN SET
FORTH, AS WELL AS BY THE PROVISIONS SET FORTH IN THE ATTACHMENTS HERETO. 
 THIS AGREEMENT SHALL NOT BE EFFECTIVE UNLESS AND UNTIL IT IS SIGNED BY AN
AUTHORIZED OFFICER OF CANELA INVESTMENTS LLC AND EXECUTED BY TWO AUTHORIZED OFFICERS OF EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. 
  

	1.	INTERPRETATION 

 1.1 Definitions 

For the purpose of this Agreement, the following definitions are hereby adopted by the Parties: 

1.1.1 “Actual Delivery Date”: shall mean, with respect to each Aircraft, the date on which Buyer obtains title to that Aircraft in accordance with
Article 7. 
 1.1.2 “AD’s”: shall mean effective Airworthiness Directives issued by either the ANAC or the Airworthiness Authority, in
connection with and with respect to the Aircraft. 
 1.1.3 “Agreement” or “Purchase Agreement”: shall mean this purchase agreement. 

1.1.4 “Aircraft”: shall mean the EMBRAER 195 LR (certification designation ERJ 190-200 LR aircraft manufactured by Embraer according to Attachment
“A”, for sale to Buyer pursuant to this Agreement, equipped with two engines identified therein (or, where there is more than one of such aircraft, each of such aircraft). 

1.1.5 “Aircraft Basic Price”: shall mean the Aircraft price, as defined in Article 3.1. 

1.1.6 “Aircraft Purchase Price”: shall mean the Aircraft price, effective on the relevant Aircraft Contractual Delivery Date, resulting from the
application of the Escalation Formula to the Aircraft Basic Price as set forth in Article 3.3. 
 1.1.7 “Airworthiness Authority”: shall mean the
Brazilian Civil Aviation Authority – Agência Nacional de Aviação Civil (“ANAC”) or such other entity in Brazil from time to time charged with the administration of civil aviation. 

1.1.8 “Business Day(s)”: shall mean a day on which banks are open for business in São José dos Campos, and São Paulo in Brazil,
and in New York in the United States of America. 
 1.1.9 “Buyer”: shall mean Canela Investiments LLC, a limited liability company organized and
existing under the laws of Delaware with its principal place of business at 2975 West Executive Park Way, 2nd floor, Suite 174, Lehi, UT 84043, USA. 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 1.1.10 “Contractual Delivery Date”: shall mean a date within the month
indicated in Article 5 on which an Aircraft is scheduled to be tendered to Buyer for inspection and subsequent acceptance and delivery. Except as otherwise expressly indicated differently elsewhere in this Agreement, such date shall be deemed to be
the last day of the month indicated in Article 5. 
 1.1.11 “Conversion Aircraft”: shall mean [*****] that Buyer may have the right to purchase in
accordance with Article 23 of this Agreement, equipped with [*****] engines identified therein (or, where there is more than one of such aircraft, each of such aircraft). 

1.1.12 “Day(s)”: shall mean calendar days. 
 1.1.13
“Embraer”: shall mean Embraer—Empresa Brasileira de Aeronáutica S.A., a Brazilian corporation organized and existing under the laws of Brazil with its principal place of business at Av. Brigadeiro Faria Lima, 2170, São
José dos Campos, SP, Brazil. 
 1.1.14 “Escalation Formula”: shall mean the escalation formula contained in Attachment “D”. 

1.1.15 “FAF”: shall mean delivery of an Aircraft in fly-away-factory condition (similar to [*****] - flying from the place designated in Article 5
and cleared for export by Embraer). 
 1.1.16 [*****]: shall mean the aggregate [*****] referred to in Article 4.1.1. 

1.1.17 “LIBOR”: for purposes of calculating any rate under this Agreement for any period for which the same is to be established, shall mean a rate
per annum equal to the US$ [*****] LIBOR published or reported by the Telerate Channel (Reference: Telerate page 3570) at 11:00 a.m. London time, in the London interbank market on the first day of such period (or if such date is not a London
business day, the immediately preceding London business day) for a period of [*****] (or such other relevant period) and in an amount comparable to the amount for which such rate is to be established. For purposes of this definition, “London
business day” means any day excluding Saturday, Sunday and any day on which commercial banks in London, England are authorized or required by law to remain closed. 

1.1.18 “Major Changes”: shall mean the changes to the design of the Aircraft, as defined in Article 11.2.2. 

1.1.19 “Mandatory Service Bulletins”: shall mean the mandatory service bulletins applicable to the Aircraft, which are issued by Embraer to
implement the AD’s referred to under Article 11.4. 
 1.1.20 “Minor Changes”: shall mean the changes to the design of the Aircraft defined as
per the terms and conditions of Article 11.2.1. 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 1.1.21 “Option Aircraft” shall be the additional EMBRAER 195 aircraft that
Buyer shall have the option to purchase as per the terms of Article 21. 
 1.1.22 “Parties”: shall mean Embraer and Buyer. 

1.1.23 “Product Support Package”: shall mean the products and Services to be provided by Embraer as per Article 13. 

1.1.24 “Purchase Right Aircraft”: shall have the meaning set out in Article 22. 

1.1.25 “Scheduled Inspection Date”: shall mean the date on which a certain Aircraft hereunder is available for inspection and acceptance by and
subsequent delivery to Buyer, as per the terms and conditions of Article 7.1. 
 1.1.26 “Services”: shall mean the familiarization and [*****] for
the Aircraft, part of the Product Support Package, as specified in Article 2.3 of Attachment “B”. 
 1.1.27 “Technical Publications”:
shall mean the technical documentation pertaining and related to the Aircraft, as identified in Article 2.2 and listed in Exhibit 1, both to Attachment “B”. 

1.1.28 “USD” or “US$”: shall mean the legal currency of the United States of America. 

1.1.29 “Vendor”: shall mean third party suppliers of equipment, parts, tools, ground support and test equipment to Embraer for use on or in
connection with the Aircraft. 
 1.1.30 “Working Day(s)”: shall mean a day, other than Saturday, Sunday or holiday, on which Embraer in São
José dos Campos, SP, Brazil is open for business. 
 1.2 Construction 

In this Agreement unless otherwise expressly provided: 
 1.2.1
words importing the plural shall include the singular and vice versa, 
 1.2.2 a reference to an Article, Attachment or Exhibit is a reference to an
Article, Attachment or Exhibit to this Agreement, and 
 1.2.3 the headings in this Agreement are to be ignored in construing this Agreement. 

 

	2.	SUBJECT 

 Subject to the terms and conditions of this Agreement: 

2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] Aircraft. 

2.2 Embraer shall provide to Buyer the Services and the Technical Publications as described in Attachment “B” to this Agreement; and 

2.3 Buyer shall have the option to purchase up to [*****] Option Aircraft and up to [*****] Purchase Right Aircraft, in accordance respectively with Articles
21 and 22. 

	3.	PRICE 

 3.1 Buyer agrees to pay Embraer, in United States dollars, for each
Aircraft the sum of [*****] (the “Aircraft Basic Price”). 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 3.2 The Services and Technical Publications are to be provided [*****] in accordance
with Attachment B. Additional technical publications as well as other services shall be billed to Buyer in accordance with Embraer’s rates prevailing at the time Buyer places a purchase order for such additional technical publications or other
services. 
 3.3 The Aircraft Basic Price shall be escalated according to the Escalation Formula. Such price as escalated shall be the Aircraft Purchase
Price and it will be provided by Embraer to Buyer [*****] prior to each Aircraft Contractual Delivery Date. 
  

	4.	PAYMENT 

 4.1 To secure the Aircraft delivery positions set forth in
Article 5 and to ensure delivery of Aircraft in accordance with the delivery schedule set forth in Article 5, Buyer shall pay Embraer for each Aircraft the amounts set forth in Article 3 in accordance with the terms and conditions contained in this
Article 4. The Parties acknowledge that each of the Aircraft and the corresponding delivery positions have been reserved for purchase by Buyer and such Aircraft have been removed from the market. The prices specified in Article 3 shall be paid by
Buyer by wire transfer in immediately available USD funds, to the bank account to be timely informed by Embraer. 
 The Aircraft Purchase Price for each
Aircraft shall be paid by Buyer, as follows: 
 4.1.1 Buyer has already paid to Embraer an [*****] in the amount of [*****] per each Aircraft, [*****]. The
aggregate amount of such [*****] shall be applied by Embraer towards payment for each Aircraft. 
 4.1.2 A [*****] payment of each Aircraft Basic Price,
less the relevant [*****] is due and payable within [*****] following the execution of this Agreement. 
 4.1.3 A [*****] payment of each Aircraft Basic
Price is due and payable [*****] to each relevant Aircraft Contractual Delivery Date, or within [*****] following the execution of this Agreement, whichever occurs later. 

4.1.4 A [*****] payment of each Aircraft Basic Price is due and payable [*****] to each relevant Aircraft Contractual Delivery Date, or within [*****]
following the execution of this Agreement, whichever occurs later. 
 4.1.5 A [*****] payment of each Aircraft Basic Price is due and payable [*****] to
each relevant Aircraft Contractual Delivery Date, or within [*****] following the execution of this Agreement, whichever occurs later. 
 4.1.6 The balance
of each Aircraft Purchase Price shall become due and payable upon acceptance of each relevant Aircraft by Buyer. 
 4.2 In the event of Buyer failing to pay
any amount payable as set forth in Articles 4.1.2 through 4.1.5 hereunder on the relevant due date, Buyer shall pay to Embraer immediately upon demand made from time to time interest on such amount, or any part thereof, not paid from the date on
which the same was due and payable until the date on which the same is paid in full at the [*****] 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 [*****] per annum pro rated on any part thereof. For the payments referred to under
Article 4.1.6, interest shall be calculated as per Article 7.8. Without prejudice to Embraer’s rights set forth in Article 4.3, interest accrued will be invoiced by Embraer on a monthly basis, beginning one month after the date on which
payments should have been made, and payment thereof shall be made by Buyer in accordance with the instructions contained therein. 
 4.3 Without prejudice
to the payment of interest on late payments set forth above, should Buyer fail to make any payment on or before the due date and if such failure shall not have been cured within [*****] following the date on which the amount was due and payable,
Embraer shall have the right to [*****]. Notwithstanding the foregoing and without limiting Embraer’s rights hereunder if any failure to pay shall not have been cured within [*****] Embraer, at its sole discretion shall have the right to
postpone or to terminate this Agreement in relation to the affected Aircraft in accordance with Article 20.3. [*****] hereunder shall be deemed to delay the Buyer’s obligation to make any payment that resulted in a [*****]. 

4.4 Net payments: all payments to be made by Buyer under this Agreement shall be made without deduction or withholding for any taxes, fees, imposts, duties or
charges, except for any taxes, fees, imposts, duties or charges, that are the responsibility of Embraer pursuant to Article 17 and shall be made without any right to set-off. If Buyer is obliged by law to make any deduction or withholding from any
such payment, the amount due from Buyer in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, Embraer receives a net amount equal to the amount Embraer would have
received had no such deduction or withholding been required to be made 
 4.5 Payment Date: unless otherwise agreed by the Parties in writing, payment of
the amounts referred in Articles 4.1.2, 4.1.3, 4.1.4 and 4.1.5, if not due upon the execution of this Agreement, shall be made by Buyer on or before [*****] on which each of such payments is due. 

4.6 [*****]: except as expressly determined otherwise in this Agreement, all payments made by Buyer to Embraer hereunder shall be [*****]. 

5. DELIVERY 
 5.1 Subject to
payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos,
State of São Paulo, Brazil, according to the following schedule: 
  

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01
	  	December 2008	  	19	  	November 2010
	 02
	  	December 2008	  	20	  	December 2010
	 03
	  	December 2008	  	21	  	January 2011
	 04
	  	January 2009	  	22	  	February 2011

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
  

							
	 05
	  	March 2009	  	23	  	March 2011
	 06
	  	May 2009	  	24	  	April 2011
	 07
	  	June 2009	  	25	  	May 2011
	 08
	  	September 2009	  	26	  	June 2011
	 09
	  	January 2010	  	27	  	July 2011
	 10
	  	February 2010	  	28	  	August 2011
	 11
	  	March 2010	  	29	  	September 2011
	 12
	  	April 2010	  	30	  	October 2011
	 13
	  	May 2010	  	31	  	November 2011
	 14
	  	June 2010	  	32	  	December 2011
	 15
	  	July 2010	  	33	  	January 2012
	 16
	  	August 2010	  	34	  	March 2012
	 17
	  	September 2010	  	35	  	May 2012
	 18
	  	October 2010	  	36	  	September 2012

 5.2 With regards to the delivery of the first three (3) Aircraft in December 2008, Embraer will use commercially
reasonable efforts to adjust the schedule so that the first Aircraft is tendered for inspection, acceptance and subsequent delivery to Buyer between the 1st and the 10th of December 2008 and the second and third Aircraft are tendered for inspection,
acceptance and subsequent delivery to Buyer between the 15th and 30th of December 2008. 
  

	6.	CERTIFICATION 

 6.1 The Embraer 195 aircraft is type certified pursuant to
airworthiness requirement RBHA 25 (Regulamento Brasileiro de Homologação Aeronáutica) (Airworthiness Standards — Transport Category Airplanes), corresponding to U.S. FAR part 25, including amendments 25-1 through to 25-117,
except section 25.981(c) of Amendment 25-102, Amendment 25-106, Section 25.735(h) of Amendment 25-107, Amendment 111, Amendment 115 and Amendment 116. 

6.2 The Aircraft shall be manufactured by Embraer in compliance with ANAC type certification and the operational requirements of the Airworthiness Authority,
except for the items that are under Buyer’s regulatory responsibility pursuant to the RBHA operational requirements and are not otherwise required to be provided by Embraer under this Agreement. It shall be Buyer’s responsibility to obtain
the certificate of airworthiness together with the Airworthiness Authority and the registration of the Aircraft, at Buyer’s sole expense. 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 9 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 

	7.	ACCEPTANCE AND TRANSFER OF OWNERSHIP 

 7.1 Unless Buyer is notified
otherwise, the Aircraft shall be delivered in accordance with the provisions and schedules specified in Article 5. Embraer shall give Buyer [*****] advance facsimile notice of the week of anticipated Aircraft delivery and [*****] advance facsimile
notice of the date on which Embraer considers that each Aircraft will be ready for delivery. The final notification shall be issued by Embraer to Buyer with no less than [*****] prior to the date that the Aircraft will be made available for
Buyer’s inspection, which date shall be defined as the “Scheduled Inspection Date”, on which date Buyer shall promptly start inspecting such Aircraft. 

7.2 Buyer shall be allowed a reasonable period of time but in no event greater than [*****] to inspect and conduct an acceptance flight of each Aircraft prior
to its delivery. Embraer will provide the fuel and insurance for the Aircraft’s acceptance flight in accordance with Embraer’s insurance policy. After such acceptance flight, each Aircraft will be delivered by Embraer to Buyer [*****].

 7.3 If Buyer finds an Aircraft acceptable, Buyer shall promptly pay any and all amounts then due and payable pursuant to this Agreement, including but
not limited to all amounts referred to in Articles 4.1, 4.2, 7.8 and 8 as applicable and accept delivery of such Aircraft, whereupon the necessary title and risk transfer documents shall be executed in order to effect title transfer. Buyer’s
acceptance of an Aircraft shall be deemed a waiver of any rights to revoke acceptance of the Aircraft for any reason, including for defects unknown to Buyer at the time of acceptance. 

7.4 Buyer may decline to accept an Aircraft which Buyer reasonably believes does not comply with the specification set forth in this Agreement or is not in an
airworthy condition. For the purposes of this Article 7, an Aircraft shall be deemed not to be materially compliant when one or more of the Aircraft characteristics identified in Article 11.2.1 (i) through (vi) are adversely affected by
such non-compliance vis-à-vis the specification set forth in Attachment “A1”. 
 7.5 If Buyer declines to accept an Aircraft, Buyer shall
immediately give to Embraer written notice of all specific reasons for such refusal and Embraer shall have [*****], commencing on [*****] after receipt of such notice, to take all necessary actions in order to resubmit the Aircraft to Buyer for
re-inspection. 
 7.6 Buyer shall be allowed [*****] to re-inspect the Aircraft, starting immediately upon receipt of notice from Embraer that all necessary
actions were taken. The period required for inspection as well as the one mentioned in Article 7.5 shall not be considered as part of the [*****] grace period provided for in Article 9.2.1. In the event Buyer declines to accept an Aircraft after
this procedure is carried out twice, the Parties shall convene immediately following final refusal to accept the Aircraft in order to negotiate possible solutions. If within [*****] counted from the date in which Embraer receives notice of such
final refusal to accept the Aircraft, Embraer and Buyer fail to reach an agreement in writing, [*****] 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 10 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 7.7 Should Buyer fail to perform the acceptance and transfer of title to the Aircraft or
to give Embraer written notice of specific reasons for refusal, within the periods provided for and in accordance with this Article 7, Embraer shall be entitled, at its discretion, to either re-negotiate the terms of this Agreement with Buyer or
terminate this Agreement with regard to the affected Aircraft pursuant to Article 20.3. Embraer rights to re-negotiate or terminate this Agreement shall only become effective if such default of Buyer has not been cured within [*****] counted from
the Scheduled Inspection Date. 
 7.8 Notwithstanding the provisions of Article 7.7 and in addition to Embraer’s rights pursuant to Article 20.3 should
Buyer fail to perform the acceptance and transfer of title to the Aircraft within the time period specified in Articles 7.2, 7.3, 7.5 and 7.6, as applicable, interest will accrue [*****] calculated over the unpaid balance of the relevant Aircraft
Purchase Price, prorated from the date on which Buyer should have completed the inspection or re- inspection of the Aircraft, as the case may be, until the date in which transfer of title occurs or until the date Embraer terminates this Agreement
pursuant to Article 7.7, whichever occurs first. Without prejudice to Embraer’s rights set forth in Article 7.7, interest accrued will be invoiced by Embraer on a monthly basis, beginning one month after the date on which the Aircraft
acceptance or transfer of title should have been performed, and payment thereof shall be made by Buyer in accordance with the instructions contained therein. 

7.9 Embraer agrees to indemnify and hold harmless each of Buyer and Buyer’s officers, agents, employees and assignees (collectively, the “Buyer
Indemnitees”) from and against all liabilities, damages, losses judgments, claims and suits, including costs and expenses incident thereto (“Claims), which may be suffered by, accrued against, be charged to or recoverable from such Buyer
Indemnitees by reason of loss or damage to property or by reason of injury or death of any person resulting from or in any way connected with the tests on the ground or in-flight prior to the actual delivery of each Aircraft, but for those Claims
which are caused by the gross negligence or willful misconduct of Buyer Indemnitees. 
  

	8.	STORAGE CHARGE 

 8.1 A storage charge equal to [*****] per Day shall be
charged by Embraer to Buyer commencing on: 
 8.1.1 Buyer’s failure to perform inspection or re-inspection of an Aircraft, per the date or time period
specified in writing by Embraer, according to Articles 5 and/or 7, as applicable; or 
 8.1.2 Buyer’s acceptance of an Aircraft when Buyer defaults in
the fulfillment of any payment due and in taking title to such Aircraft immediately thereafter; or 
 8.1.3 Buyer’s failure to remove an Aircraft from
[*****] facilities [*****] after title transfer has occurred. 
 8.2 If however, Buyer notifies Embraer in writing [*****] in advance of its expected delay
in the performance of its obligations set forth in Articles 8.1.1, 8.1.2 and 8.1.3 above, the storage charge shall commence on the [*****] after the occurrence of the events set forth in Articles 8.1.1, 8.1.2 or 8.1.3 above, as applicable. 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 11 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 8.3 In the event that an Aircraft Contractual Delivery Date must be extended by Embraer
from that which is designated in Article 5, due to Buyer’s failure to perform any action or provide any information contemplated by this Agreement other than the ones specified in the preceding paragraphs, the storage charge shall commence on
the [*****] after the Contractual Delivery Date relative to such Aircraft. 
 8.4 Buyer shall pay the storage charge as set forth in Articles 8.1. or 8.3.,
as applicable, in USD, per each month of delay or prorated for any part thereof, within [*****] after the presentation of each invoice by Embraer. 
  

	9.	DELAYS IN DELIVERY 

 Except as provided in Articles 9.1 and 9.3, Embraer
warrants that there shall be no delays in deliveries of aircraft. The sole remedies for delays in delivery of Aircraft are those provided in this Article 9 and Article 20.2. 

9.1 Excusable Delays: 
 9.1.1 Embraer shall not be held liable
or be found in default for any delays in the delivery of an Aircraft beyond the Contractual Delivery Date or in the performance of any act to be performed by Embraer under this Agreement, resulting from the following events or occurrences
(hereinafter referred to as “Excusable Delays”): (a) force majeure, (including, but not limited to acts of God, war or state of war, civil war, insurrection, fire, accident, explosion, flood, act of government, requisition, strike,
labor disputes causing cessation or interruption of work, including but not limited to walkouts, sick-outs, protests or slowdowns), (b) inability despite all due and commercially reasonable efforts to procure any materials, equipment,
accessories, parts or means of transport, or (c) any delay resulting from any failure by Buyer to perform any action or provide any information contemplated by this Agreement or, (d) delays resulting from any other cause to the extent it
is beyond Embraer’s control or does not result from Embraer’s fault or negligence. 
 9.1.2 As soon as practicable but no more than [*****] after
the occurrence of any of the above mentioned events which constitute causes of Excusable Delays in the delivery of an Aircraft beyond the Contractual Delivery Date or in the performance of any act or obligation to be performed by Embraer under this
Agreement, Embraer undertakes to send a written notice to Buyer including a description of the details involved and an estimate of the effects expected upon the timing of the performance of its contractual obligations. 

9.1.3 Any such delays shall extend the time for delivery of an Aircraft or the Product Support Package or the Services, by the same number of Days required
for the cause of delay to be remedied, subject to the limit indicated in Article 9.1.4. Embraer undertakes to use commercially reasonable efforts to avoid or remove any such cause of delay and to minimize its effect on the Contractual Delivery Date
of an Aircraft. [*****] For the avoidance of doubt, Embraer shall have no obligations under this 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 12 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Article 9 and Buyer shall have no rights under this Article 9 with respect to delays
occurring pursuant to item 9.1.1(c). 
 9.1.4 If the cause of such Excusable Delay is such as to last longer than [*****] or to render the performance of
this Agreement impossible, as a whole or with respect of one or more specific undelivered Aircraft, then the Parties shall attempt to renegotiate the terms of this Agreement accordingly, within [*****] following the last Day of Excusable Delay as
provided for herein. In the event that the Parties fail to agree on such terms, either Party shall have the right to terminate this Agreement with respect of one or more specific undelivered Aircraft, as applicable, without liability to either
Party, except as provided for in Article 20.2(i). 
 9.1.5 If, however, the cause of such Excusable Delay is attributable to Buyer in accordance with
Article 9.1.1.(c), Buyer shall not be entitled to terminate this Agreement in accordance with Article 9.1.4 and upon a termination by Embraer the provisions of Article 20.3 shall apply. 

9.2 Non-Excusable Delays: 
 9.2.1 If the delivery of an Aircraft
is delayed, and such delay does not constitute an Excusable Delay (hereinafter referred to as “Non-Excusable Delays”), by more than [*****] after the Contractual Delivery Date for such Aircraft, Buyer will be entitled to claim from Embraer
liquidated damages in the following amounts: 
  

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

 Such liquidated damages shall apply for each Day of delay in excess of the above mentioned [*****] up to the date that the
Aircraft is available for inspection and acceptance by, and subsequent delivery to Buyer by means of written confirmation of the successful completion of ground and flight tests performed by Embraer, to be provided as per Article 7.1, it being
understood that such liquidated damages will not, in any event, exceed [*****] of the Aircraft Basic Price of the delayed Aircraft and that it will only be due and payable by Embraer to Buyer after Buyer pays to Embraer the total Aircraft Purchase
Price, in respect of the affected Aircraft. The Parties acknowledge and agree that such liquidated damages are not a penalty, but are a fair and reasonable estimate of Buyer’s potential damages. 

9.2.2 Upon the occurrence of any event which constitutes a Non-Excusable Delay in the delivery of an Aircraft, Embraer shall, as soon as practicable, send a
written notice to Buyer, within a reasonable period of time, including a description of the delays and an estimate of the effects expected upon the delivery of the Aircraft. [*****] 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 13 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 [*****]. 

9.2.3 It is agreed between the Parties that if, with respect to a delayed Aircraft, Embraer does not receive a claim for liquidated damages pursuant to
Article 9.2.1, from Buyer, within [*****] the Contractual Delivery Date of such Aircraft, Buyer shall be deemed to have fully waived its right to such liquidated damages. 

9.3 Delay Due to Loss or Structural Damage of the Aircraft 
 If,
before acceptance of an Aircraft it is lost, destroyed or, in the reasonable opinion of Embraer, is damaged beyond economic repair (“Total Loss”), then Embraer will notify Buyer to this effect as soon as reasonably possible. Embraer will
specify in its notice, or as soon after the notice as possible, the earliest date that an aircraft to replace the Aircraft may be delivered to Buyer and such date shall be the revised Contractual Delivery Date for the replacement aircraft. However,
in the event the specified revised Contractual Delivery Date [*****] after the original Contractual Delivery Date, [*****] and: (i) Buyer notifies Embraer of such acceptance within [*****] of the date of receipt of the notice from Embraer, and
(ii) the Parties execute an amendment to this Agreement recording the variation in the Contractual Delivery Date, provided however that in case the Total Loss is caused [*****] 

If this Agreement terminates in relation to an Aircraft in accordance with this Article 9.3, such termination shall discharge the Parties from all obligations
and liabilities of the Parties hereunder with respect to such Aircraft and related Services, except that Embraer shall [*****] 
  

	10.	DELIVERY INSPECTION 

 10.1 Buyer may elect to observe the manufacturing of
the Aircraft in order to verify that the Aircraft is manufactured in accordance with the procedures specified in this Agreement and to all applicable quality standards. Within thirty (30) Days following execution of this Agreement Embraer shall
provide Buyer with a description of the relevant milestones of the manufacturing process which Buyer may observe. Upon receipt of such description Buyer shall promptly inform Embraer which milestones it

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 14 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 elects to observe. Embraer will then notify Buyer the approximate dates of such
milestones and Buyer shall promptly inform the names of no more than [*****] of its representatives that will act as observers (the “Observers”).The Observers shall be given access to the relevant technical data as reasonably necessary.
Observers will, at all times, be supported by the quality assurance personnel of Embraer and shall address any of their observations, comments, doubts or requests to such personnel, provided however that Embraer shall not be deemed to have received
any request that may affect the performance of this Agreement unless and until such request is made by Buyer in accordance with Article 24. Observers shall not interfere, disturb, delay or in any other way hinder the manufacture or assembly of the
Aircraft, any other aircraft or any other activities carried out by Embraer. 
 10.2 In order to perform the delivery inspection and acceptance of each
Aircraft in accordance with Article 7, Buyer shall send [*****] authorized representatives (the “Authorized Representatives”) to the facilities of Embraer. Buyer shall communicate to Embraer the names of its Authorized Representatives, by
means of written notice, at least fifteen (15) Days prior to each relevant Aircraft Contractual Delivery Date specified in Article 5. 
 10.3 Such
Authorized Representatives, or other representatives indicated by Buyer, shall be authorized and duly empowered to sign the acceptance and transfer of title and risk documents and accept delivery of the Aircraft pursuant to Article 7. 

10.4 For the purposes subject hereof, Embraer shall provide communication facilities (telephone, facsimile and high speed internet connection) for
Buyer’s Observers and Authorized Representatives, as well as the necessary tools, measuring devices, test equipment and technical assistance as may be necessary to perform acceptance tests. Embraer shall also make available to Observers and
Authorized Representatives (i) free local transportation between Embraer facilities and hotel during normal working hours on the relevant Working Days, and (ii) lunch at the canteen at Embraer facilities on Working Days. 

10.5 Buyer’s Observers and Authorized Representatives shall observe Embraer’s administrative rules and instructions while at Embraer’s
facilities. 
 10.6 Buyer’s Observers and Authorized Representatives shall be allowed exclusively in those areas related to the subject matter hereof.
Buyer agrees to hold harmless Embraer from and against all and any kind of liabilities in respect to such representatives, for whom Buyer is solely and fully responsible under all circumstances and in any instance, except to the extent they arise
from the gross negligence or willful misconduct of Embraer, its officers, employees and agents. 
  

	11.	CHANGES 

 11.1 Each Aircraft will comply with the standards defined in
Attachment “A” hereto and shall incorporate all modifications which are classified as AD’s mandatory by ANAC or the Airworthiness Authority as provided in Article 11.4, or those agreed upon by Buyer and Embraer in accordance with this
Article. 
 11.2 The Parties hereby agree that changes can be made by Embraer in the design of the Aircraft, the definition of which and its respective
classification shall be in compliance to the Aircraft type specification, as follows: 
 11.2.1 Minor Changes: defined as those modifications which shall
not adversely affect the Aircraft in any of the following characteristics: 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 15 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
  

	(i)	Performance, weight or balance; 

  

	(ii)	Structural strength, flight qualities, operation; 

  

	(iii)	Interchangeability of parts defined by Embraer as interchangeable; 

  

	(iv)	Operational safety; 

  

	(v)	Ease of maintenance; 

  

	(vi)	Noise and environmental control; 

 11.2.2 Major Changes: defined as those modifications which affect at least
one of the topics mentioned in Article 11.2.1. 
 11.3 Embraer shall have the right, but not the obligation, to incorporate Minor Changes in the Aircraft
still in the production line at its own cost, without the prior consent of Buyer. 
 11.4 Embraer shall convey those Major Changes that are classified as
AD’s by means of service bulletins approved by the Airworthiness Authority and/or ANAC, as appropriate. Service bulletins that implement such AD’s shall be referred to as Mandatory Service Bulletins. Embraer shall incorporate Mandatory
Service Bulletins as follows: 
 11.4.1 Compliance required before Actual Delivery Date: Embraer shall incorporate Mandatory Service Bulletins in
undelivered Aircraft [*****] in a reasonable period of time if the compliance time for such Mandatory Service Bulletins is before Actual Delivery Date of an Aircraft and such incorporation shall, to the extent technically possible and commercially
reasonable, occur via a terminating action. Embraer shall not be liable for any delays resulting from incorporation of Mandatory Service Bulletins when the Aircraft has already passed the specific production stage affected by the incorporation of
said change but Embraer shall use its commercially reasonable efforts to incorporate such changes prior the Actual Delivery Date and to minimize any delays in delivery. 

11.4.2 Compliance required after Actual Delivery Date: During a time period of [*****] following the Aircraft Actual Delivery Date, Embraer shall provide
parts kits for Mandatory Service Bulletins that are issued either (i) before the relevant Aircraft’s Actual Delivery Date but with a compliance time after such date or (ii) after the relevant Aircraft’s Actual Delivery Date. Such
kits shall be provided [*****], excluding Buyer’s labor charges for installation of such Mandatory Service Bulletins. Embraer shall not be liable for any down-time of delivered Aircraft that may be necessary for the incorporation of any
changes. When flight safety is affected, such changes shall be immediately incorporated. If warranty coverage is not available or applicable pursuant to Attachment “C”, the provisions of Article 11.5 shall apply. 

11.5 Except for the Major Changes referred to in Article 11.4, any other Major Changes such as (i) any change developed by Embraer as product
improvement, (ii) any change required by Buyer in relation to the Aircraft configuration, or (iii) any change in the certification regulations presented in the Technical Description, which are required by the Airworthiness Authority as a
consequence of alterations, amendments and/or innovations of these applicable regulations, shall be considered as optional and Embraer shall submit to Buyer a Proposal of Major Change (“PMC”) 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 16 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 describing the impacts of such change. Should Buyer not approve such PMC, the change
shall not be incorporated in the Aircraft. 
 11.6 Any Major Change to the Aircraft, made in accordance with the foregoing paragraphs, which affect the
provisions of Attachment “A” hereto, shall be incorporated in said Attachment by means of an amendment. 
 11.7 Except as far as it relates to
AD’s mandatory by ANAC or the Airworthiness Authority and Minor Changes, the Aircraft shall, on the Scheduled Inspection Date, comply with the terms and conditions of Attachment “A” as from time to time amended pursuant to Article
11.6. Determination of such compliance shall be made by Buyer pursuant to Article 7. 
  

	12.	WARRANTY AND GUARANTEES 

 12.1. Warranty: the materials and workmanship
relative to the Aircraft subject of this Agreement will be warranted in accordance with the terms and conditions specified in Attachment “C”. 

12.2 Guarantees: Embraer hereby guarantees to Buyer (i) performance, (ii) dispatch reliability, and (iii) service life, of and with respect to
the Aircraft in accordance with the terms and conditions specified respectively in Attachments “E”, “F” and “G”. 
  

	13.	PRODUCT SUPPORT PACKAGE 

 Embraer shall supply to Buyer the Product
Support Package described in Article 2 of Attachment “B” hereto, which includes Embraer’s spare parts policy, the Technical Publications and the Services. 
  

	14.	ASSIGNMENT 

 14.1 Assignment of rights and obligations: Except as
otherwise provided in this Article 14, Buyer may not assign, novate or transfer any of its rights or obligations hereunder without the prior written consent of Embraer, which shall not be unreasonably withheld or delayed. 

14.2 Upon ten (10) Days prior written notice to Embraer, Buyer may assign all or part of its rights and obligations hereunder with regards to any
Aircraft to a bank or other financial institution as part of a purchase money financing arrangement for the purchase of the Aircraft or to a leasing company under a sale-lease-back arrangement where Buyer shall operate the Aircraft as a lessee
promptly after delivery to the leasing company. Furthermore, upon (10) Days prior written notice to Embraer, and subject to the prior written consent of Embraer which shall not be unreasonably withheld or delayed, Buyer may assign the
warranties identified in Attachment C hereto to the financier of such the Aircraft. [*****]. 
 14.3 Upon no less than fifteen (15) Days prior written
notice to Embraer and subject to the prior written consent of Embraer which shall not be unreasonably withheld or delayed, and solely in connection with [*****] payments due under this Agreement, Buyer may assign to the financier of such [*****] its
right to purchase the Aircraft to which such [*****] payments are applied in the event the Buyer defaults under such [*****]. 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 17 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 14.3 Notwithstanding the above, this Agreement, [*****], shall not be assigned to any of
Embraer’s competitors, any person or entity which the Parties may be legally restricted to enter in to an agreement, to a debarred person or entity or in case such assignment would infringe US export control regulations or any other applicable
law. 
 14.4 Buyer represents to the benefit of Embraer that any assignment permitted under this Article 14 shall not cause any adverse change to the
interests, rights or obligations of Embraer under this Agreement. 
  

	15.	RESTRICTIONS AND PATENT INDEMNITY 

 15.1 Claims against Buyer.
Embraer shall indemnify and hold Buyer, its subsidiaries and affiliates, and their officers, directors, agents and employees (collectively, for purposes of this Article 15, “Buyer”) harmless from and against any and all royalties,
liabilities, damages, settlement costs and expenses, losses, claims, actions, lawsuits, demands, fines, penalties, and all expenses (including but not limited to costs of investigation and defense and reasonable fees incurred for attorneys, expert
witnesses, consultants and litigation support services) associated with any of the foregoing (collectively, the “Damages”) based upon, caused by, arising from, or in any manner connected with, directly or indirectly, any suit, action,
proceeding, allegation, assertion or claim that 
 (a) Any article or service purchased or supplied hereunder or any portion thereof (including without
limitation any accessory, equipment or part supplied to Embraer from any other Vendor, manufacturer, or supplier) (collectively, “Item”) and/or the use or operation thereof constitutes an infringement of any United States or foreign
patent, design or model duly granted or registered (“Claim”), provided that from the time of design of such Item and until such Claim is resolved, such foreign country in which any foreign patent is held and the flag country of the
Aircraft is each a party to (1) the International Convention for the Protection of Industrial Property (Paris Convention) in any of its revised forms or (2) Article 27 of the Chicago Convention on International Civil Aviation of
December 7, 1944, or 
 (b) Aircraft software or materials, or any part of such Aircraft “ software or materials as furnished by Embraer, and used
within the scope of the license granted by Embraer, constitutes an alleged or actual infringement of any copyright of the United States or misappropriates any third party trade secret (“Copyright Claim”), provided that from the time of
design of such item and until such Copyright Claim is resolved, any such foreign country in which the infringement claim is made and the flag country of the Aircraft is each a member of The Berne Union. 

The indemnification by Embraer provided in this Paragraph 15.1 shall not apply to Buyer furnished or installed equipment, power plant system, or [APU’s]
and their related parts. 
 15.2 Buyer’s Remedies and Judgments. In connection with the foregoing, Embraer agrees to defend at its expense any
suit or action in respect of any claim or copyright claim. Buyer’s remedy and Embraer’s obligation and liability under this Article 15 are conditional upon Buyer giving Embraer written notice promptly after Buyer receives notice of a suit
or action against Buyer alleging infringement or after Buyer receives a written claim of infringement, whichever is earlier. Failure to notify Embraer as provided in the foregoing sentence shall relieve Embraer of liability that 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 18 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 it may have to Buyer to the extent that the defense of any such claim is prejudiced
thereby. Embraer’s obligations hereunder with respect to any actual or alleged infringement are also conditioned upon (i) Buyer’s promptly furnishing to Embraer all the data, papers, records (as requested by Embraer) and other
assistance within the control of Buyer material to the resistance of or defense against any such charge or suits for infringement, (ii) Buyer’s use of diligent efforts in full cooperation with Embraer to reduce royalties, liabilities,
damages, costs and expenses involved, and (iii) Embraer’s prior approval of Buyer’s payment, assumption or admission of any liabilities, or royalties for which Embraer is asked to respond. Embraer shall have the option but not the
obligation at any time to conduct negotiations with the party or parties charging infringement and may intervene in any suit commenced. Whether or not Embraer intervenes in any such suit, it shall be entitled at any stage of the proceedings to
assume control and conduct the defense and/or settlement of such suit or action either in the name of Embraer or of Buyer, or both. Buyer shall cooperate with Embraer and shall, upon Embraer’s reasonable request and [*****], arrange for
attendance of representatives of Buyer at hearings and trial and assist in effecting settlements, securing and giving evidence, obtaining the attendance of witnesses and in the conduct of the defense of such suits or actions. Embraer shall assume
and pay any and all judgments and all costs assessed against Buyer in a final non-appeallable judgment of any such suit or action, and Embraer will pay any payments in settlement imposed upon or incurred by Buyer with Embraer’s approval,
together with all interest accruing after entry of any such judgment or after the making of any such settlement, [*****]. 
 15.3 Continuing Use. In
the event any Item purchased or supplied hereunder, or any portion thereof, becomes the subject of any Claim or Copyright Claim, or if Embraer in its reasonable judgment at any time decides that the item purchased or supplied hereunder, or any
portion thereof, shall become the subject of such a Claim or Copyright Claim, Embraer shall promptly, but, in any event, no more than thirty (30) days after receipt of written notice from Buyer of a Claim, Copyright Claim or the entry of any
order or decree permanently or temporarily enjoining the use of the Item purchased or supplied hereunder, or any portion thereof, at its own expense and option either: (i) obtain for Buyer the right to use the infringing Item, or portion
thereof; or (ii) replace, modify, substitute, or update the infringing article, or portion thereof, so that it becomes non-infringing. 
 In the event
that any such suit or action results in an order, decree or judgment enjoining or otherwise prohibiting Buyer from effectively using any Item for its intended purposes, or any settlement made or approved by Embraer has such result, Embraer agrees at
its option and expense to promptly either: (i) procure for Buyer the right to continue using said Item; or (ii) modify said Item so that it becomes non-infringing and otherwise complies with the provisions of this Agreement; or
(iii) replace said item with a non-infringing Item suitable for Buyer’s requirements and in a condition equivalent to that of the Item removed. The 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 19 of 30

 foregoing provisions hereof shall apply in case of any such order, decree, judgment or settlement-prohibiting
Buyer from effectively using any component or part of the Item. 
 If the party or parties making a Claim or Copyright Claim for which Embraer has agreed to
indemnify Buyer hereunder obtains an injunction restraining Buyer’s use of the Item and a bond or other security will be necessary and efficacious to void same, Embraer shall promptly pay to Buyer the amount of premium for any bond or the costs
of any other security given by Buyer to release or void such injunction, or alternatively at Embraer’s election shall furnish such bond or other security in Buyer’s behalf. 

15.4 Exemptions. Embraer shall not be obligated to indemnify and hold Buyer harmless from all damages caused by, arising from or in any way connected
with any suit or action relative to Buyer furnished designs, equipment, materials or data, or any design which is imposed by Buyer on Embraer as an alternative to Embraer’s suggested design, or any Buyer modification of the Embraer supplied
Item, or any component or part thereof, or any new designs, equipment, materials or data incorporated, after delivery and acceptance of the Item, by Buyer without the involvement of Embraer. 

The foregoing indemnity shall not extend to any claim of infringement based on any modification, change or combination not in accordance with Embraer’s
written procedures or without Embraer’s written approval or consent thereto, provided that the claim for infringement relates to the combination, change or modification as opposed to solely the article itself. However, the exclusion set forth
in this subparagraph shall not relieve Embraer of its obligation under this Article 15 if the Item continues to be infringing after the removal, as the case may be, of any changes, modifications or combinations, or after-incorporated designs,
equipment, materials or data. 
 15.5 Restrictions. The sales contemplated by this Agreement do not include the transfer of the right to use, or any
ownership of, design, copyrights, patents, and other similar rights to Buyer. 
  

	16.	MARKETING PROMOTIONAL RIGHTS 

 Embraer shall have the right to show for
marketing purposes, free of any charge, the image of Buyer’s Aircraft, painted with Buyer’s colors and emblems, affixed in photographs, drawings, films, slides, audiovisual works, models or any other medium of expression (pictorial,
graphic, and sculptural works), through all mass communications media such as billboards, magazines, newspaper, television, movie, theaters, as well as in posters, catalogues, models and all other kinds of promotional material. In the event such
Aircraft is sold to or operated by or for another company or person, Embraer shall be entitled to disclose such fact, as well as to continue to show the image of the Aircraft, free of any charge, for marketing purposes, either with the original or
the new colors and emblems, unless otherwise notified, provided that such notification shall be subject to the reasonable satisfaction and agreement of Embraer. If accepted, said prohibition, however, shall in no way apply to the promotional
materials or pictorial, graphic or sculptural works already existing or to any contract for the display of such materials or works already binding Embraer at the time of receipt of the notification. 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 20 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 

	17.	TAXES 

 Embraer shall pay all [*****] shall be borne by Buyer. 

 

	18.	APPLICABLE LAW 

 This Agreement shall in all respects be governed by the
laws of the State of New York, including all matters of construction, validity and performance, without giving effect to principles of conflicts of laws other than section 5-1401 and 5-1402 of the New York General Obligations law. 

 

	19.	JURISDICTION 

 Each Party hereto hereby irrevocably agrees, accepts and
submits to, for itself and in respect of any of its property, generally and unconditionally, the non-exclusive jurisdiction of the courts of the State of New York in the City and County of New York and of the United States for the Southern District
of New York, in connection with any legal action, suit or proceeding with respect to any matter relating to or arising out of or in connection with this Agreement or any other operative agreement and fully waives any objection to the venue of such
courts. Furthermore to the fullest extent permitted by applicable law, each Party hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit action or proceeding any claim that it is not personally
subject to the jurisdiction of the above named courts, that the suit, action or proceeding is brought in an inconvenient forum, or that the venue of the suit, action or proceeding is improper. 

EACH PARTY HERETO HEREBY EXPRESSLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A JURY TRIAL IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. 
  

	20.	TERMINATION 

 20.1 Should either Party fail to comply partially or
completely with its obligations hereunder, the other Party shall be entitled to give notice of such failure and to require that such failure be remedied within the period specified in that notice, which period shall not be less than [*****]. Should
such failure not be remedied within the period so specified, then the Party who gave notice of such failure shall be entitled [*****] NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY IN ANY
CIRCUMSTANCE HEREUNDER FOR ANY CONSEQUENTIAL DAMAGES 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 21 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 (INCLUDING LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF USE AND INCREASED COSTS) OR
PUNITIVE DAMAGES OR INDIRECT OR INCIDENTAL DAMAGES WHICH MAY ARISE OUT OF, OR BE CONNECTED TO, ANY BREACH OR DEFAULT UNDER OF ANY TERM, CONDITION, COVENANT, WARRANTY, OR PROVISION OF THIS AGREEMENT, AND WHICH EITHER PARTY WOULD OTHERWISE BE ENTITLED
TO UNDER ANY APPLICABLE LAW, INCLUDING BUT NOT LIMITED TO ANY CLAIMS SOUNDING IN CONTRACT, TORT, EQUITY OR STATUTE. 
 20.2 Buyer and Embraer shall have the
right to terminate this Agreement in respect to the relevant Aircraft, upon the occurrence of any Excusable Delay of [*****] or longer, unless otherwise agreed in writing by the Parties, and Buyer shall have the right to terminate this Agreement in
respect to the relevant Aircraft upon the occurrence of any non-Excusable Delay of [*****] or longer after such Aircraft Contractual Delivery Date, such rights to be exercisable by written notice from one Party to the other to such effect no earlier
than the [*****] or [*****] as applicable. Upon receipt of such notice of termination by Buyer or Embraer, as the case may be, Embraer shall: 
  

	(i)	in case of Excusable Delay: return to Buyer an amount equal to [*****]. 

  

	(ii)	in case of Non-Excusable Delay: return to Buyer an amount equal to [*****]. 

 20.3 If Buyer terminates this
Agreement before the Actual Delivery Date of an Aircraft [*****] or, if Embraer terminates this Agreement in relation to an Aircraft, pursuant to Articles 4.3, 7.7 or 9.1.5 hereof, Buyer shall pay to Embraer an amount equal to (i) [*****] of the
Aircraft Basic Price per terminated Aircraft, if the termination occurs [*****] to the relevant Aircraft Contractual Delivery Date or; (ii) [*****] of the Aircraft Basic Price per terminated Aircraft, if the termination occurs with [*****] to the
relevant Aircraft Contractual Delivery Date. [*****] For these 

  
 [*****] Confidential material
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	Purchase Agreement COM0041-08 – Rev. 3	  	Page 22 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 purposes Embraer may, in its sole discretion, retain all amounts previously paid by
Buyer, to apply as part of the payments of damages resulting from such default on the part of Buyer. It is hereby agreed by the Parties that upon the receipt by Embraer of the amounts set forth above, no other indemnity shall be due by Buyer to
Embraer. 
 20.4 If either Party terminates this Agreement in respect to an Aircraft pursuant to Article 7.6 hereof, [*****]. 

 

	21.	OPTION AIRCRAFT 

 Buyer shall have the option to purchase [*****]
Aircraft, to be delivered in accordance with the following Option Aircraft contractual delivery dates (each an “Option Aircraft Contractual Delivery Date”): 
  

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01
	  	February 2012	  	11	  	March 2013
	 02
	  	April 2012	  	12	  	April 2013
	 03
	  	June 2012	  	13	  	May 2013
	 04
	  	July 2012	  	14	  	June 2013
	 05
	  	August 2012	  	15	  	July 2013
	 06
	  	October 2012	  	16	  	August 2013
	 07
	  	November 2012	  	17	  	September 2013
	 08
	  	December 2012	  	18	  	October 2013
	 09
	  	January 2013	  	19	  	November 2013
	 10
	  	February 2013	  	20	  	December 2013

 The Option Aircraft will be supplied in accordance with the following terms and conditions: 

21.1 A [*****] Option Aircraft [*****] of the Aircraft Basic Price, per Option Aircraft, is due and payable within [*****] following the date of exercise (the
“[*****]”). 
 21.2 The unit basic price of the Option Aircraft shall be equal to [*****], provided that such Option Aircraft be delivered within
the delivery period above mentioned and in the same configuration, specification and installations specified in Attachment “A1” hereto, as it is written on the date of 

  
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redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 23 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 signature of this Agreement, determining the Option Aircraft basic price (the
“Option Aircraft Basic Price”). 
 21.3 The Option Aircraft Basic Price shall be [*****], determining the Option Aircraft purchase price 

(the “Option Aircraft Purchase Price”). 
 21.4 The
payment of the Option Aircraft Purchase Price shall be made according to the following: 
 21.4.1 The [*****] of the relevant Option Aircraft. 

21.4.2 A [*****] of each Option Aircraft Basic Price, less the relevant [*****], is due and payable [*****] to each relevant Option Aircraft Contractual
Delivery Date. 
 21.4.3 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery
Date. 
 21.4.4 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 

21.4.5 The balance of each Option Aircraft Purchase Price shall become due and payable upon acceptance of each relevant Option Aircraft by Buyer. 

21.4.6 The provisions of Article 4.2 through 4.6 shall apply, mutatis-mutandis, to the payments to be made by Buyer towards the Option Aircraft. 

21.5 The option to purchase the Option Aircraft [*****]. 
 21.6
If the options are confirmed by Buyer as specified above, an amendment to this Agreement shall be executed by and between the Parties within [*****] following the Option Aircraft option exercise date, setting forth the terms and conditions
applicable to, if any, exclusively to the Option Aircraft. 
 21.7 The product support package to be applied to the Option Aircraft is described in 

Article 2.4 of Attachment “B”. 
 21.8 The exercised
Option Aircraft shall be subject to conversion to other models as per the terms and conditions contained in Article 23. 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 24 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
  

	22.	PURCHASE RIGHT AIRCRAFT 

 22.1 Embraer shall grant Buyer the right to
purchase up to twenty [*****] EMBRAER 195 aircraft (the “Purchase Right Aircraft”) configured as per Attachment “A1” and available to Buyer at the [*****] that are applicable to the Aircraft (the “Purchase Right Basic
Price”), [*****]. 
 22.2 Subject to no material default on the part of the Buyer having occurred and continuing on the date of exercise, the right to
purchase each of the Purchase Right Aircraft shall be exercised by means of a written notice (the “Exercise Notice”) from Buyer to Embraer, and such right is subject to the existence of enough production capacity at Embraer to comply with
Buyer’s desirable delivery schedule. 
 22.3 In case Embraer has not received Exercise Notices for all Purchase Right Aircraft on or before December
2012 Buyer shall be deemed to have relinquished its right to acquire any unexercised Purchase Right Aircraft. The Exercise Notice shall specify the desirable delivery month for the Purchase Right Aircraft that Buyer intends to firm-up. The
contractual delivery date for any Purchase Right Aircraft (“Purchase Right Aircraft Contractual Delivery Date”) shall be no later than [*****]. 

22.4 Following receipt by Embraer of Buyer’s Exercise Notice, Embraer shall inform Buyer if the desired Purchase Right Aircraft Contractual Delivery Date
requested by Buyer is acceptable; otherwise, Embraer shall inform Buyer the closest non-committed delivery position available for sale. 
 22.5 In case
Buyer and Embraer agree in terms of the new Purchase Right Aircraft Contractual Delivery Date, Buyer shall immediately remit to Embraer a [*****] for each exercised Purchase Right Aircraft (the “[*****]”). The Purchase Right Aircraft
payment terms and conditions shall be in accordance with schedule and all terms and conditions contained in Article 4 of this Agreement, mutatis mutandis. 

22.6 The product support package to be applied to the exercised Purchase Right Aircraft shall be in accordance with the terms and conditions contained in
Article 2.4 of Attachment “B”. 
 22.7 If the purchase rights are exercised by Buyer as specified above and the relevant delivery dates are
agreed, and the [*****] is paid by Buyer as specified above, an amendment to this Agreement shall be executed by and between the Parties within [*****] following the Purchase Right Aircraft exercise date, setting forth the specific terms and
conditions, if any, applicable exclusively to the Purchase Right Aircraft. 
 22.8 All payments are [*****] and considered part of the payment for the
exercised Purchase Right Aircraft. 
  

	23.	CONVERSION AIRCRAFT 

 23.1 Buyer shall have the flexibility to request the
conversion of any exercised Option Aircraft or exercised Purchase Right Aircraft [*****]. To exercise its conversion option, Buyer shall send a written 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 25 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 notice to Embraer to such effect on the date of exercise of the relevant Option
Aircraft, or Purchase Right Aircraft, as the case may be. 
 23.2 Following receipt by Embraer of Buyer’s conversion request notification, Embraer
shall confirm to Buyer within [*****] if the requested Conversion Aircraft are available for conversion as per Buyer’s request (the “Confirmation Notice”), in which event such Conversion Aircraft shall be deemed an
“Aircraft” in lieu of the replaced exercised Option or Purchase Right Aircraft, including the delivery of such Conversion Aircraft being scheduled on the Contractual Delivery Date applicable to such replaced exercised Option or Purchase
Right Aircraft, subject to possible schedule changes as described below. 
 23.3 In case Buyer and Embraer do not reach an agreement in relation to such
Conversion Aircraft within [*****] after the date of the Confirmation Notice, Buyer shall have the right to either (i) to not exercise the relevant Option or Purchase Right Aircraft, as the case may be, in which case such Option or Purchase
Right Aircraft will be considered expired, and in this case no indemnity being due by either Party to the other, except that Embraer shall be entitled to retain the relevant [*****] made by Buyer, or (ii) to accept the relevant Option /
Purchase Right Aircraft [*****]. 
 23.4 The Conversion Aircraft Basic Price for [*****], including the optional equipment and customized lay outs defined
respectively in Attachments “A2”, “A3” and “A4”, are: 
  

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

 23.5 The performance guarantee for the Conversion Aircraft shall be in accordance with the terms and conditions contained in
Attachment “E2” (for the [*****]), Attachment “E3” (for the [*****]”), and Attachment “E4” (for the [*****]”). The terms and conditions of the Service Life Guarantee presented in Attachment “H” shall
also be applicable for the Conversion Aircraft. Also, the terms and conditions of the Aircraft Warranty Certificate presented in Attachment “C” shall also be applicable for the Conversion Aircraft. 

 

	24.	INDEMNITY 

 24.1 Buyer agrees to indemnify and hold harmless each of
Embraer and Embraer’s officers, agents, employees and assignees (collectively, the “Embraer Indemnitees”) from and against all liabilities, damages, losses, judgments, claims and suits, including necessary costs and expenses incident
thereto (collectively, “Claims”), which may be suffered by, accrued against, be charged to or recoverable from such Embraer Indemnitees by reason of loss or damage to property or by reason of injury or death of any person resulting from or
in any way connected with the performance of services by employees, representatives or agents of Embraer for or on behalf of Buyer related to Aircraft after its transfer of title to Buyer, including, but not limited to, technical operations,
maintenance, and training services and assistance performed while on the premises of Embraer or Buyer, while in flight on Buyer- 

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

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 26 of 30

 owned Aircraft or while performing any other service, at any place, in conjunction with the Aircraft operations
of Buyer but for those Claims which are caused by the gross negligence or willful misconduct of Embraer Indemnitees. 
  

	25.	NOTICES 

 All notices permitted or required hereunder shall be in writing
in the English language and sent, by registered mail or facsimile, to the attention of the Vice President, Contracts as to Embraer and of the Managing Director as to Buyer, to the addresses indicated below or to such other address as either Party
may, by written notice, designate to the other. 
 23.1 EMBRAER: 

EMBRAER—Empresa Brasileira de Aeronáutica S.A. 
 Av.
Brigadeiro Faria Lima, 2170 
 12.227-901 São José dos Campos—SP 

Brazil 
 Telephone: (+55 12) 3927-1410 

Facsimile: (+55 12) 3927-1257 
 23.2 BUYER: 

Av. Rio Branco, no 1, 14o andar, Ala A 
 Ed. RB1,
Centro, Rio de Janeiro, 20090-003 
 Care of Dr. Sergio Laclau 

Telephone:(+55 21) 2272-9294 
 Facsimile: (+55 12) 2283-0023 

 

	26.	CONFIDENTIALITY 

 The Parties do not have the right to disclose the terms
of this Agreement except as required by law. Each of Buyer and Embraer agrees not to disclose any portion of this Agreement or its Attachments, amendments or any other supplement, to any third party without the previous written consent of the other
Party. Without limiting the foregoing, in the event either Party is legally required to disclose the terms of this Agreement, each of Buyer and Embraer agrees to exert its best efforts to request confidential treatment of the Articles and conditions
of this Agreement relevantly designated by the other Party as confidential. 
  

	27.	FOREIGN CONTENT 

 The Aircraft contain commodities, technology and
software that were exported from the United States and other countries in accordance with their respective export control regulations. Diversion contrary to U.S. law and/or any other applicable law is prohibited. 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 27 of 30

 Buyer agrees to comply with any export and re-export control laws of the United States and other countries
applicable to the Aircraft, its parts, components, technology and software and, upon Embraer’s request, to execute and deliver to Embraer the relevant end-user certificates necessary for the export and transfer of the Aircraft to Buyer. 

 

	28.	SEVERABILITY 

 If any provision or part of a provision of this Agreement
or any of the Attachments shall be, or be found by any authority or court of competent jurisdiction to be, illegal, invalid or unenforceable, such illegality, invalidity or unenforceability shall not affect the other provisions or parts of such
provisions of this Agreement, all of which shall remain in full force and effect. 
  

	29.	NON-WAIVER 

 Except as otherwise specifically provided to the contrary in
this Agreement, any Party’s refrain from exercising any claim or remedy provided for herein shall not be deemed a waiver of such claim or remedy, and shall not relieve the other Party from the performance of such obligation at any subsequent
time or from the performance of any of its other obligations hereunder. 
  

	30.	INTEGRATED AGREEMENT 

 All Attachments referred to in this Agreement
and/or attached hereto are, by such reference or attachment, incorporated in this Agreement. 
  

	31.	NEGOTIATED AGREEMENT 

 Buyer and Embraer agree that this Agreement,
including all of its Attachments, has been the subject of discussion and negotiation and is fully understood by the Parties, and that the rights, obligations and other mutual agreements of the Parties contained in this Agreement are the result of
such complete discussion and negotiation between the Parties. 
  

	32.	COUNTERPARTS 

 This Agreement may be signed by the Parties hereto in any
number of separate counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

 

	33.	ENTIRE AGREEMENT 

 This Agreement constitutes the entire agreement of the
Parties hereto with respect to the subject matter hereof and supersedes all previous and connected negotiations, representations and agreements between the Parties. This Agreement may not be altered, amended or supplemented except by a written
instrument executed by the Parties. 
  

	34.	REPRESENTATIONS AND WARRANTIES 

 Each Party represents and warrants to the
other that: 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 28 of 30

 34.1 It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation and has all necessary corporate power and authority to conduct the business in which it is currently engaged and to enter into and perform its obligations under this Agreement. 

34.2 It has taken, or caused to be taken, all necessary corporate action to authorize the execution and delivery of this Agreement and the performance of its
obligations hereunder; and 
 34.3 The execution and delivery by it of this Agreement, its performance of its obligations hereunder and its consummation of
the transactions contemplated hereby, do not and will not violate or conflict with any provision of its constitutional documents, violate or conflict with any law, rule, or regulation applicable to or binding on it or violate or constitute any
breach or default (other than a breach or default that would not result in a material adverse change to it or adversely affect its ability to perform any of its obligations hereunder) under any agreement, instrument or document to which it is a
party or by which it or any of its properties is or may be bound or affected. 
 INTENTIONALLY LEFT BLANK—SIGNATURE PAGE FOLLOWS 

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 29 of 30

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed and delivered by their proper and
duly authorized officers and to be effective as of the day and year first above written. 
  

							
	EMBRAER—Empresa Brasileira	  	Canela Investments LLC
	de Aeronáutica S.A.	  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	Gerald B. Lee
	Title:	 	Executive Vice President	  	Title:	  	Managingg Director
		 	Airline Market	  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D. Molina
	  	Date:	  	11 February 2008
	Name:	 	Jose Luis D. Molina	  	Place:	  	
	Title:	 	Vice President Contracts Airline Market	  		  	
		 		  		  	
	Date:	 	11 March 2008	  		  	
	Place:	 		  		  	

  

									
	Witnesses:	 		 	
	 /s/ Albert P. Close
	 		 	 /s/ Marlon y. Ramirez

	Name:	 	Albert P. Close	 		 	Name:	 	Marlon Y. Ramirez
	ID:	 		 		 	ID:	 	

  

  
  

			
	Purchase Agreement COM0041-08 – Rev. 3	  	Page 30 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 195 shall be manufactured according to
(i) the Technical Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options
selected by Buyer: 
  

			
	 ITEM
	  	 EQUIPMENT

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

  

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

			
	Attachment A to Purchase Agreement COM0041-08 – Rev. 3	  	Page1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

			
	 ITEM
	  	 EQUIPMENT

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

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

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

			
	Attachment A to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

					
	 ITEM
	  	 EQUIPMENT
	  	 ECD

	 [*****]
	  	[*****]	  	Nov. 30, 2008
	[*****]	  	[*****]	  	Nov. 30, 2008
	[*****]	  	[*****]	  	July 31, 2008
	[*****]	  	[*****]	  	May 31, 2008
	[*****]	  	[*****]	  	TBD
			
		  	[*****]	  	

  

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the 

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

			
	Attachment A to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of Buyer within [*****] from the
date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 
  

	3.2	INTERIOR FINISHING: 

 The materials and colours of all and any items of interior
finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain for the Aircraft will be in accordance with Buyer’s choices indicated in the Customer Check List Revision N/C
executed by and among Buyer, Embraer and C&D Zodiac on February 15, 2008. In case of conflict between the CCL and this Attachment A the latter shall control. 

The choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is
different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of
Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 

 

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Any BFE materials
shall conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE materials or quality restrictions that prevent the installation thereof in the time frame required by
the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE
equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place to be timely informed by Embraer. 

The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by the Parties, are not supplied or
installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits, defibrillators and wheelchairs, as well
as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to 

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

			
	Attachment A to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

tender the Aircraft for delivery (a) painted white and (b) fitted with an interior finishing selected by Embraer at its reasonable
discretion. 
 The taking of any such action by Embraer pursuant to this Article shall not constitute a waiver or release of any obligation
of Buyer under the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or waiver by Embraer of any remedy or right available to Embraer under the Purchase
Agreement. 
 No compensation to Buyer or reduction of the Aircraft Offer Price shall be due by virtue of the taking of any such actions by
Embraer and Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance with such agreement, as the case may be, payable by Buyer upon demand. 

 

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United
States of America law. Transfer or re- export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A1” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A1” SHALL PREVAIL. 

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

			
	Attachment A to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A2” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 170 shall be manufactured according to
(i) the Technical Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options
selected by Buyer: 
  

			
	 ITEM
	  	 EQUIPMENT

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

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

			
	Attachment A2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A2” 

AIRCRAFT CONFIGURATION 
  

			
	 ITEM
	  	 EQUIPMENT

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

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

  

					
	 Item
	  	 Equipment
	  	 ECD

	 [*****]
	  	[*****]	  	July 31, 2008

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

			
	Attachment A2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A2” 

AIRCRAFT CONFIGURATION 

[*****] 
  

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 

 

	3.2	INTERIOR FINISHING: 

 Buyer shall inform Embraer on or before [*****] prior to the first
Aircraft contractual delivery date of its choice of materials and colors of all and any item of interior finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain. The above
mentioned schedule for definition of interior finishing shall only be applicable if Buyer selects its materials from the choices offered by and available at Embraer. In case Buyer opts to use different materials and/or 

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

			
	Attachment A2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A2” 

AIRCRAFT CONFIGURATION 

patterns, such schedule shall be mutually agreed between the Parties at the time of signature of the Purchase Agreement. 

Once defined, the choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any
Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to
the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 

 

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Buyer may choose to
have carpets, tapestries, seat covers and curtain fabrics supplied to Embraer for installation in the Aircraft as BFE. Materials shall conform to the required standards and comply with all applicable regulations and airworthiness requirements.
Delays in the delivery of BFE equipment or quality restrictions that prevent the installation thereof in the time frame required by the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the
Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA
90623, USA, or to another place to be timely informed by Embraer. 
 The Aircraft galleys have space provisions for the following BIE items
that, unless timely agreed by the Parties, are not supplied or installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 

Medical kits, defibrillators and wheelchairs, as well as any other equipment classified as medical or pharmaceutical products, shall be BIE
items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 
 The taking of any such action by Embraer
pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or
waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 
 No compensation to Buyer or reduction of the
Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and Embraer shall be 

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

			
	Attachment A2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A2” 

AIRCRAFT CONFIGURATION 

entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance
with such agreement, as the case may be, payable by Buyer upon demand. 
  

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re- export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A2” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A2” SHALL PREVAIL. 

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

			
	Attachment A2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A3” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 175 shall be manufactured according to
(i) the Technical Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options
selected by Buyer: 
  

			
	 ITEM
	  	 EQUIPMENT

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

  

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

			
	Attachment A3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A3” 

AIRCRAFT CONFIGURATION 
  

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

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

 

					
	 Item
	  	 Equipment
	  	 ECD

	[*****]	  	[*****]	  	July 31, 2008

  

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

			
	Attachment A3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A3” 

AIRCRAFT CONFIGURATION 
 [*****] 

  

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 

 

	3.2	INTERIOR FINISHING: 

 Buyer shall inform Embraer on or before [*****] prior to the first
Aircraft contractual delivery date of its choice of materials and colors of all and any item of interior finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain. The above
mentioned schedule for definition of interior finishing shall only be 

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

			
	Attachment A3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A3” 

AIRCRAFT CONFIGURATION 

applicable if Buyer selects its materials from the choices offered by and available at Embraer. In case Buyer opts to use different materials
and/or patterns, such schedule shall be mutually agreed between the Parties at the time of signature of the Purchase Agreement. 
 Once
defined, the choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to
Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve
the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 
  

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Any BFE materials
shall conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE materials or quality restrictions that prevent the installation thereof in the time frame required by
the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE
equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place to be timely informed by Embraer. 

The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by the Parties, are not supplied or
installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits, defibrillators and wheelchairs, as well
as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 
 The taking of any such action by Embraer
pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or
waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 

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

			
	Attachment A3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A3” 

AIRCRAFT CONFIGURATION 
 No
compensation to Buyer or reduction of the Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in
connection with the performance of or compliance with such agreement, as the case may be, payable by Buyer upon demand. 
  

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re- export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A3” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A3” SHALL PREVAIL. 

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

			
	Attachment A3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

 

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 190 shall be manufactured according to
(i) the Technical Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options
selected by Buyer: 
  

			
	 ITEM
	  	 EQUIPMENT

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

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

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

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

 

					
	 Item
	  	 Equipment
	  	 ECD

	[*****]	  	[*****]	  	July 31, 2008
	[*****]	  	[*****]	  	May 31, 2008

  

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
 [*****] 

 

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

	3.2	INTERIOR FINISHING: 

 Buyer shall inform Embraer on or before [*****] prior to the first
Aircraft contractual delivery date of its choice of materials and colors of all and any item of interior finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain. The above
mentioned schedule for definition of interior finishing shall only be applicable if Buyer selects its materials from the choices offered by and available at Embraer. In case Buyer opts to use different materials and/or patterns, such schedule shall
be mutually agreed between the Parties at the time of signature of the Purchase Agreement. 
 Once defined, the choices of interior
finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior
to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of
relevant Aircraft shall be built according to the original choice of Buyer. 
  

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE) 

 Buyer may choose to
have carpets, tapestries, seat covers and curtain fabrics supplied to Embraer for installation in the Aircraft as BFE. Materials shall conform to the required standards and comply with all applicable regulations and airworthiness requirements.
Delays in the delivery of BFE equipment or quality restrictions that prevent the installation thereof in the time frame required by the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the
Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA
90623, USA, or to another place to be timely informed by Embraer. 
 The Aircraft galleys have space provisions for the following BIE items
that, unless timely agreed by the Parties, are not supplied or installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 

Medical kits, defibrillators and wheelchairs, as well as any other equipment classified as medical or pharmaceutical products, shall be BIE
items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 

The taking of any such action by Embraer pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under
the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 

No compensation to Buyer or reduction of the Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and
Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance with such agreement, as the case may be, payable by Buyer upon demand. 

 

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re- export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A4” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A4” SHALL PREVAIL. 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	1.	FERRY FLIGHT ASSISTANCE 

 In the event that just after the delivery of the Aircraft Buyer
needs to fly the Aircraft outside of the Brazilian territory, Embraer will make available to Buyer the services of a third party representative at the airport in which the Aircraft will make the last stop in Brazilian territory, to support
Buyer’s crew in the interface with Brazilian customs clearances. Such services do not include handling services as refueling, ground equipment and communications and Buyer shall hire such services from a handling service company. Embraer may,
if requested by Buyer, assist Buyer in contracting such services. Buyer shall also be responsible for the flight documents (including but no limited to IFR templates & charts) and overflight permits required for the ferry flight, except for
the overflight permits for the Brazilian territory which will be provided by Embraer. 
 If it is necessary that any ferry equipment be
installed by Embraer for the ferry flight between Brazil and the country where Buyer intends to fly the Aircraft (if any), Embraer will make available a standard and serviceable ferry equipment kit to Buyer (hereinafter the “Kit”) at
[*****], except as set forth below. In this case, Buyer shall immediately upon its arrival at its final destination, remove the Kit from the Aircraft and return it to a freight forwarder agent as determined by Embraer, at Buyer own expense,
including the necessary insurance. 
 If Embraer provides the Kit to Buyer and if the Kit is utilized, whether totally or not, in
Embraer’s reasonable discretion, Buyer shall pay Embraer the value of a new Kit. 
 If the non-utilized Kit is not returned to Embraer
in 60 Days after the respective Aircraft Delivery Date, complete and in the same condition as it was delivered to Buyer, the availability of another Kit for the first Aircraft ferry flight after such 90 Day period shall not be an Embraer obligation.
Furthermore, Buyer shall pay Embraer the value of a new Kit. 
 In such cases, the original Kit shall become the property of Buyer, and the
above- mentioned payment shall be made to Embraer by Buyer upon presentation of a sight draft by Embraer. 
  

	2.	PRODUCT SUPPORT PACKAGE 

  

	2.1	MATERIAL SUPPORT 

  

	2.1.1	SPARES POLICY 

 Embraer guarantees the supply of spare parts, ground support equipment and
tooling, except engines and its accessories, hereinafter referred to as “Spare(s)”, for the Aircraft [*****]. Such Spares shall be supplied according to the prevailing availability, sale conditions, delivery schedule and effective price on
the date of acceptance by Embraer of a purchase order placed by Buyer for any of such items. The Spares may be supplied either by Embraer in Brazil or through its subsidiaries or distribution centers located abroad. 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

The sale and export of parts to Buyer may be subject to export controls and other export documentation requirements of the United States and
other countries. Buyer agrees that neither Embraer nor any of its subsidiaries, affiliates or suppliers shall be liable for failure to provide parts and/or services, including without limitation the Services, under this Agreement or otherwise as a
result of any ruling, decision, order, license, regulation, or policy of the competent authorities prohibiting the sale, export, re-export, transfer, or release of a part or its related technology. Buyer shall comply with any conditions and
requirements imposed by the competent authorities and, upon Embraer’s request, shall execute and deliver to Embraer any relevant end- user certificates. 

Export of the (i) [*****] manufactured by [*****] with an embedded [*****] used for emergency backup and flight safety information, and (ii)
[*****] manufactured by [*****] incorporated into this Aircraft are subject to export control under United States of America law. Transfer or re-export of such items (whether or not incorporated into the Aircraft), as well as their related
technology and software may require prior authorization from the US Government. 
  

	2.1.2	RSPL 

 Upon Buyer’s request, Embraer shall present to Buyer a recommended Spare
provisioning list (the “RSPL”). The objective of the RSPL is to provide Buyer with a detailed list of Spares that will be necessary to support the initial operation and maintenance of the Aircraft by Buyer. Such recommendation will be
based on the experience of Embraer and on the operational parameters established by Buyer. 
 Embraer will provide a qualified team to
attend pre-provisioning conferences as necessary to discuss Buyer requirements and the RSPL as well as any available spare parts support programs offered by Embraer. Such meeting shall be held at a mutually agreed upon place and time, but in no
event less than [*****] prior to the Contractual Delivery Date of the first Aircraft. 
 Buyer may acquire the items contained in the RSPL
directly from Embraer or directly from Vendors. Items contained in the RSPL for which Buyer places a purchase order with Embraer (the “IP Spares”), will be delivered by Embraer to Buyer within [*****] in FCA [*****] condition, at the port
of clearance indicated by Embraer. 
 In order to ensure the availability of IP Spares in accordance with the foregoing at the time of entry
into service of the first Aircraft, Buyer commits to place a purchase order with Embraer for those IP Spares Buyer has decided to acquire from Embraer, as soon as practical and in any event not less than [*****] prior to the Contractual Delivery
Date of the first Aircraft. At the reasonable request of Embraer, Buyer shall demonstrate that it has provided for the acquisition of those IP Spares that Buyer has 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

decided to acquire from sources other than Embraer, in order to complement the RSPL in a timely manner. 

 

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

	 	[*****]	

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

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

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

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

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	 	       [*****]	

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

  

	2.1.4	OTHER SPARES SERVICES 

 AOG services: Embraer will maintain a call center for the AOG services,
twenty four (24) hours a day, seven (7) days a week. All the contacts with the call center can be made through regular direct lines in Brazil (phone and fax), e-mail and also through the AEROChain e-marketplace in case Buyer subscribes
this service. The information concerning regular direct lines and e- mail address shall be obtained through the Customer Account Manager designated to Buyer by Embraer or through Embraer’s Customer Service offices. Embraer will, subject to
availability, deliver parts pursuant to an AOG order from the location which is nearer to Buyer premises, in FCA [*****] condition, Embraer facility, in accordance with Buyer’s shipping instructions. 

Other than AOG orders, Buyer may expedite spare parts orders as spare parts critical orders (imminent AOG or work stoppage situation) or as
spare parts routine expedite orders (urgent stock replenishment – “USR”). Embraer will give response advice, within the following times: 
  

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

 [*****] 

[*****] 
 Routine and/or Critical
Spares: Embraer will deliver routine and/or critical Spares (other than AOG Spares) in FCA condition, Embraer facility, from the location were such spares are available. Routine and/or critical Spares shall be delivered according to their lead
times, depending upon the purchase order priority. All spares will be delivered with the respective authorized release certificate or any similar document issued by a duly authorized person. 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	2.2	AIRCRAFT TECHNICAL PUBLICATIONS 

  

	2.2.1	AIRCRAFT PUBLICATIONS 

 Embraer shall supply, [*****], a total of [*****] complete sets of
operational and maintenance publications applicable thereto, in the English language, in accordance with the list contained in Exhibit “1” to this Attachment “B”. The media [*****] shall be agreed by the Parties [*****] otherwise
all publications available [*****] shall be delivered in such media. [*****] of the operational publication in the hard copy format shall be provided by Embraer onboard of each Aircraft. 

Such publications are issued under the applicable specification. The revision service for these publications, including mailing services
[*****], shall be provided, [*****]. After such period, the mailing services shall also be borne by Buyer. Such publications will be delivered together with the Aircraft. 
  

	2.2.2	VENDOR ITEMS PUBLICATIONS 

 Technical publications regarding, among others, parts, systems or
equipment supplied by Vendors and installed by Embraer in the Aircraft during the manufacturing process, will be supplied to Buyer directly by such Vendors, in the same quantity as the Embraer technical publication as specified in Article 2.2.1, in
their original content and printed form. Vendors are also responsible to keep publications updated through a direct communication system with Buyer. Embraer shall use commercially reasonable efforts to cause Vendors to supply their respective
technical publications in a prompt and timely manner. 
  

	2.2.3	[*****] 

 [*****] 

[*****] 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

[*****] 

	2.2.4	[*****] 

  

	2.3	SERVICES 

 [*****], except as set forth below, Embraer shall provide the Services described in
this Article 2.3, in accordance with the terms and conditions below: 
  

	2.3.1	Familiarization Programs: 

  

	 	a.	The familiarization programs specified below are offered [*****] with regards to the Aircraft, [*****] and which differ from or are supplementary to the familiarization programs described herein. 

 

	 	b.	The familiarization programs shall be conducted by the Embraer designated training provider, in accordance with the scope, syllabi and duration of the training program developed by Embraer or the Embraer- designated
training provider, in accordance with all applicable regulations and requirements of and approved by the Airworthiness Authority. Buyer may choose to use the training program of Embraer “as is” or to develop its own training program based
on that of Embraer. In any case Buyer shall be solely responsible for preparing and submitting its training programs to the Airworthiness Authority for approval. 

 

	 	c.	All familiarization programs shall be provided at the training centers of Embraer or its qualified designated representative at its training center or in such other location as Embraer or training provider may
reasonably designate. Buyer shall be responsible for costs and expenses related to training services (including but not limited to instructor travel tickets, local transportation, lodging, per diem and non-productive days) carried outside such
designated training facilities. 

 Embraer shall use commercially reasonable efforts to make the familiarization programs
available in Brazil to the extent that the use of an EMBRAER 195 full flight simulator (“FFS”), or other training devices which are not available in Brazil, is not required. Whenever a FFS or other training devices which are not available
in Brazil is required for the familiarization Embraer shall use commercially reasonable efforts to 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

secure training is available to Buyer at an Embraer-designated training provider in the United States, Central America or South America. 

Notwithstanding any of the foregoing to the contrary, in consideration of Buyer entering into a Purchase Agreement with Embraer [*****]. 

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

 

	 	d.	Notwithstanding the eventual use of the term “training” in this paragraph 2.3.1, the intent of this program is solely to familiarize Buyer’s pilots, mechanics, employees or representatives with the
operation and maintenance of the Aircraft. It is not the intent of Embraer to provide basic training (“ab-initio”) to any representatives of Buyer. 

  

	 	e.	Any trainee appointed by Buyer for participation in any of the familiarization programs shall be duly qualified per the governing body in the country of Buyer’s operation and fluent in the English language as all
training will be conducted in, and all training material will be presented in, such language. Pilots and mechanics shall also have previous experience in the operation and maintenance, as applicable, of jet aircraft or, as a minimum, of twin-engine
turboprop aircraft. Neither Embraer nor training provider make any representation or give any guarantee regarding the successful completion of any training program by Buyers trainees, for which Buyer is solely responsible. 

 

	 	f.	The familiarization programs shall be carried out prior to the Contractual Delivery Date of the last Aircraft, in accordance with a schedule to be agreed upon by Buyer and Embraer not less than [*****]

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

prior to the intended beginning of such training schedule. Buyer shall give [*****] advance notice to Embraer of the full name and
professional identification data of each trainee. Substitutions of appointed trainees will not be accepted during this period. 
  

	 	g.	Training entitlements regarding each Aircraft that remain unused up to [*****] following the Actual Delivery Date of such Aircraft shall expire and Buyer shall be deemed to have [*****] its rights to such service, no
refund or compensation being due by Embraer to Buyer in this case. 

  

	 	h.	The familiarization programs referred to above covers: 

  

	 	h.1	One (1) Pilot familiarization program including (i) a [*****] ground familiarization course as regards Aircraft systems, weight and balance, performance and normal/emergency procedures for up to [*****] and,
(ii) [*****] simulator sessions of [*****]. Simulator training includes the services of an instructor and will be carried out on a level D simulator. Buyer shall be solely responsible for selecting experienced training pilots that are fluent in
English and duly qualified in multi-engine aircraft operations, navigation and communication. 

  

	 	h.2	One (1) maintenance familiarization course for up to [*****] qualified mechanics [*****]. This course shall consist of classroom familiarization with Aircraft systems and structures and shall be in accordance with ATA
specification 104, level III. 

  

	 	h.3	One (1) Flight Attendant [*****] course for up to [*****] to a [*****] course as regards emergency and abnormal duties, crowd control management, handling of dangerous goods and emergency procedures.

  

	 	i.	The presence of Buyer’s authorized trainees shall be allowed exclusively in those areas related to the subject matter hereof and Buyer agrees to hold harmless Embraer from and against all and any kind of
liabilities in respect of such trainees to the extent permitted by law. 

  

	2.3.2	[*****]: 

  

	 	a.	With respect to the [*****] Aircraft Embraer shall provide [*****] the following [*****] services: 

  

	 	[*****]	

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	 	[*****]	

 [*****] 
  

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

  

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

  

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

  

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

  

	 	[*****]	

  

	 	[*****]	

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 9 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	 	b.	At no charge to Embraer, Buyer shall provide the Embraer Rep with communication services (international telephone line, facsimile, high speed internet service and photocopy equipment) as well as suitable secure and
private office facilities and related equipment including desk, table, chairs and file cabinet, located at Buyer’s main base of operation or other location as may be mutually agreed. Buyer shall also (a) arrange all necessary work permits
and airport security clearances required for Embraer representatives, to permit the accomplishment of the services mentioned in this item 2.3.2, in due time; and (b) obtain all necessary custom clearances both to enter and depart from
Buyer’s country for Embraer’s representatives and their personal belongings and professional tools. 

  

	 	c.	During the stay of the Embraer Rep at Buyer’s facilities, Buyer shall permit access to the maintenance and operation facilities as well as to the data and files of Buyer’s Aircraft fleet. 

 

	 	d.	Embraer shall bear all expenses of the Embraer Rep, including without limitation transportation, board and lodging, while the Embraer Rep is rendering such [*****] at Buyer’s facilities. Buyer shall bear all
expenses related to the transportation, board & lodging of the Embraer Rep in the event such representative is required to render the services provided for herein in any place other than Buyer’s main operation base (for the pilots) or
main maintenance base (for the mechanics). At no charge to Embraer, Buyer shall provide the Embraer pilots which are in the start-up team with transportation means from/to Buyer operational base or airport where such pilots will render the services,
so that the pilots can report to Buyer’s operation facilities or leave the airport in a timely manner according to the schedule of the flights they are engaged in. 

 

	 	e.	The Embraer Rep shall not participate in test flights or flight demonstrations without the previous written authorization from Embraer. 

 

	 	f.	Buyer shall include Embraer as additional insured in the Comprehensive Airline Liability insurance policies carried by Buyer, without recourse against Embraer for any failure, act or omission of Embraer Rep while
rendering the services described in this paragraph 2.3.2, in such a manner as to cover any and all risks arising from or in any way connected with the Embraer Rep assistance. For such effect, Buyer shall supply Embraer with a copy of the
endorsements to the insurance policies, in accordance with the clauses contained in Exhibit “2” to this Attachment B, within [*****] prior to the date on which Embraer Rep services are to begin, as applicable. 

 

	 	g.	The Parties further understand and agree that in the event Buyer elects not to take all or any portion of the [*****] provided for herein, [*****]. Any 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 10 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

other additional [*****] shall depend on mutual agreement between the Parties and shall be charged by Embraer accordingly. 

 

	 	h.	The presence of Embraer Rep shall be allowed exclusively in those areas related to the subject matter hereof. 

  

	 	i.	Embraer may, at its own cost and without previous notice to Buyer, substitute at its sole discretion the Embraer Reps rendering the Services at any time during the period in which Services are being rendered.

  

	 	j.	The rendering of the Services by Embraer’s Rep shall, at all times, be carried out in compliance the applicable Brazilian labor legislation. 

 

	 	k.	During the rendering of the Services, while on the premises of Buyer, Embraer Reps shall strictly follow the administrative routines and proceedings of Buyer, which shall have been expressly and clearly informed to
Embraer Reps upon their arrival at said premises. 

  

	 	l.	There shall be no legal bond of whatever nature between Buyer and Embraer Reps pursuant to labor and welfare issues. Hence, Embraer shall bear all labor and welfare burdens stipulated by law in relation to the Embraer
Reps. 

  

	 	m.	Embraer shall have the right to interrupt the rendering of the Services (i) should any situation occur which, at the discretion of Embraer, could represent a risk to the safety or health of Embraer Reps or
(ii) upon the occurrence of any of the following events: strike, insurrection, labor disruptions or disputes, riots, or military conflicts. Upon the occurrence of such an interruption, Embraer shall resume the rendering of the Services for the
remainder period immediately after having been informed by Buyer, in writing, of the cessation thereof. No such interruption in the rendering of the Services shall give reason for the extension of the Services beyond the periods identified above.

  

	 	n.	Buyer agrees to indemnify and hold harmless Embraer and Embraer’s officers, agents, employees and assignees from and against all liabilities, damages, losses, judgments, claims and suits, including costs and
expenses incident thereto, which may be suffered by, accrued against, be charged to or recoverable from Embraer and/or Embraer’s officers, agents, employees and assignees by reason of loss or damage to property or by reason of injury or death
of any person resulting from or in any way connected with the performance of services by employees, representatives or agents of Embraer for or on behalf of Buyer related to Aircraft delivered by Embraer to Buyer, including, but not limited to, the
Services and any other services such as technical operations, maintenance, and training services and assistance performed while on the premises of Embraer or Buyer, while in flight on Buyer-owned Aircraft or while performing such activities, at any
place, in conjunction with the Aircraft operations of Buyer, except to the extent attributable to the gross 

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

  
  

			
	Purchase Agreement COM0384-14 – Execution Version	  	Page 61 of 30

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 
  

	 	negligence	or willful misconduct of Embraer, its officers, agents employees and assignees. 

  

	2.3.3	Account Manager: 

 Embraer shall assign one (1) non-dedicated Account Manager to support
Buyer shortly after execution of the Purchase Agreement and to support the operations of all Aircraft in Buyer’s fleet in revenue service for passenger transportation. The Account Manager will be responsible for coordinating all product support
related actions of Embraer to assure a smooth Aircraft introduction into service and, thereafter, for concentrating and addressing all issues concerning the operation of the Aircraft by Buyer. A team composed of regional technical representatives,
regional spare parts representatives and regional field engineers, as necessary and applicable, shall support the Account Manager. 
  

	2.4	Product Support Package for the Exercised Option Aircraft And Exercised Purchase Right Aircraft 

The product support package for the exercised Option and Purchase Right Aircraft shall be limited to the familiarization program for up to
[*****] per exercised Option and Purchase Right Aircraft. 
  

	2.5	Technical and Engineering Support: 

 Embraer shall provide remote technical, engineering and
flight operations support services three hundred sixty five days a year, twenty four (24) hours a day and seven (7) days a week, for airframe and systems. This service may be accessed by phone, fax and e-mail at the main facilities of
Embraer. The technical and engineering support service is designed to support daily operations of the Aircraft by Buyer by assisting Buyer with the identification and investigation of the causes of in-services issues and during AOG situations, as
required. The flight operations support service is designed to support Buyer in the use of flight operations publications and [*****]. This service is offered [*****] within such scope and is available for as long as Buyer continues to operate the
Aircraft type in regular passenger revenue service. Embraer and Buyer shall agree service standards applicable to technical and engineering support during the negotiation of the Purchase Agreement. 

Technical and engineering support is also available to assist Buyer in performing minor structural repairs on the Aircraft, such as dents,
abrasions, scrapes and similar damages during normal operations, or caused by ground handling personnel and vehicles while servicing the Aircraft on ground. Such assistance consists of the analysis of damage reports submitted by Buyer, preparation
of instructions for repair in accordance with structural repair standard of Embraer. This support shall be provided [*****] 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 12 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT B 

FERRY FLIGHT ASSISTANCE AND PRODUCT SUPPORT PACKAGE 

[*****] 

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

			
	Attachment “B” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 13 of 13

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 1—LIST OF TECHNICAL PUBLICATIONS 

The technical publications covering Aircraft operation and maintenance shall be delivered to Buyer in accordance with the following list: 

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

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

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

[*****] 

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

			
	Exhibit 1 to Attachment B to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 1

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 2 – LIST OF TECHNICAL PUBLICATIONS 

Buyer shall include the following clauses in its Hull and Comprehensive Airline Liability insurance policies: 

 

	a)	Hull All Risks Policy, including War, Hi-jacking and Other Perils. 

 “It is hereby
understood and agreed that Insurers agree to waive rights of subrogation against Embraer with regard to the insured Aircraft. 
 This
endorsement shall not operate to prejudice Insurer’s rights of recourse against Embraer—Empresa Brasileira de Aeronáutica S.A. as manufacturer, repairer, supplier or servicing agent where such right of recourse would have existed
had this endorsement not been effected under this Policy.” 
  

	b)	Comprehensive Airline Liability Policy, based on the AVN53 — Additional Insured Endorsement 

“It is hereby understood and agreed that Embraer—Empresa Brasileira de Aeronáutica S.A. including any business entity owned by
or subsidiaries to Embraer, and all partners, executive officers, employees and stock holders, are added as Additional Insured only with respect to the operation of the Aircraft by the Named Insured. 

This endorsement does not provide coverage for any Additional Insured with respect to claims arising out of its legal liability as
manufacturer, repairer, supplier or servicing agent and shall not operate to prejudice Insurer’s right of recourse against any Additional Insured as manufacturer, repairer, supplier or servicing agent.” 

 

	c)	Notwithstanding anything to the contrary as specified in the Policy or any endorsement thereof, the coverage stated in paragraphs 1 and 2 above, shall not be cancelled or modified by the Insurer, without [*****] advance
written notice to Embraer to such effect. 

 This Endorsement attaches to and forms part of Policy No.
                    , and is effective from the             day of
            , 200    . 
  

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

			
	Exhibit 2 to Attachment B to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 1

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “C” 

WARRANTY—MATERIAL AND WORKMANSHIP 
  

	1)	Embraer, subject to the conditions and limitations hereby expressed, warrants the Aircraft, as follows: 

  

	a.	For a period of [*****] from the date of delivery to Buyer, the Aircraft will be free from: 

  

	 	•	 	Defects in materials, workmanship and manufacturing processes in relation to parts manufactured by Embraer or by its subcontractors holding an Embraer part number; 

 

	 	•	 	Defects inherent to the design of the Aircraft and its parts designed or manufactured by Embraer or by its subcontractors holding an Embraer part number. 

 

	b.	For a period of [*****] from the date of delivery to Buyer, the Aircraft will be free from: 

  

	 	•	 	Defects in operation of parts manufactured by Vendors, excluding the Engines, Auxiliary Power Unit (APU) and their accessories (“Vendor Parts”), as well as failures of Vendor Parts due to incorrect
installation or installation not complying with the instructions issued or approved by their respective Vendors. For the purpose of this warranty, Engine shall mean the complete power plant system which comprises the engine, the nacelle including
thrust reverser, the engine mounting structure, all systems inside the nacelle and their integration with the Aircraft, and the Full Authority Digital Engine Control (FADEC) unit. 

 

	 	•	 	Defects due to non-conformity of Vendor Parts to the technical specification referred to in the Purchase Agreement. 

Once the above mentioned periods have expired, Embraer will transfer to Buyer the original Warranty issued by the Vendors, if it still exists. 

 

	2)	The obligations of Embraer as expressed in this Warranty are limited to replacing or repairing defective parts, depending solely upon its own judgment. The defective parts shall be returned to Embraer or its
representatives within a period of [*****] after the occurrence of the defect, at Buyer’s own expense (including but not limited to, freight, insurance, customs duties), adequately packed, provided that such components are actually defective
and that the defect has occurred within the periods stipulated in this certificate. Should the defective part not be returned to Embraer within [*****] period, Embraer may have the right, at its sole discretion, to deny the warranty claim.

  

	NOTE:	Notification of any defect claimed under this item 3 must be given to Embraer within [*****] after such defect is found. 

Freight, insurance, taxes and other costs incurred by Embraer or its representative for the return of the part to Buyer, as well as the associated costs with
the re- installation and adjustments are Buyer’s responsibility. 
 Parts supplied to Buyer as replacement for defective parts are warranted for the
balance of the warranty period still available from the original warranty of the exchanged parts. 

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

			
	Attachment C to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 3

 ATTACHMENT “C” 

WARRANTY—MATERIAL AND WORKMANSHIP 
  

	3)	Embraer will accept no warranty claims under any of the circumstances listed below: 

  

	 	a.	When the Aircraft has been used in an attempt to break records, or subjected to experimental flights, or in any other way not in conformity with the flight manual or the airworthiness certificate, or subjected to any
manner of use in contravention of the applicable aerial navigation or other regulations and rules, issued or recommended by government authorities of whatever country in which the aircraft is operated, when accepted and recommended by I.C.A.O.;

  

	 	b.	When the Aircraft or any of its parts have been altered or modified by Buyer, without prior approval from Embraer or from the manufacturer of the parts through a service bulletin; 

 

	 	c.	Whenever the Aircraft or any of its parts have been involved in an accident, or when parts either defective or not complying to manufacturer’s design or specification have been used; 

 

	 	d.	Whenever parts have had their identification marks, designation, seal or serial number altered or removed; 

  

	 	e.	In the event of negligence, misuse or maintenance services done on the Aircraft, or any of its parts not in accordance with the respective maintenance manual; 

 

	 	f.	In cases of deterioration, wear, breakage, damage or any other defect resulting from the use of inadequate packing methods when returning items to Embraer or its representatives. 

 

	4)	This Warranty does not apply to (a) Buyer-furnished equipment (BFE) or Buyer- installed equipment (BIE), (b) expendable items, whose service life or maintenance cycle is lower than the warranty period, and
(c) materials or parts subjected to deterioration. 

  

	5)	The Warranty hereby expressed is established between Embraer and Buyer, and it cannot be transferred, assigned or novated to any third party, except as provided otherwise pursuant to Article 14 (Assignment) of the
Purchase Agreement. 

  

	6)	TO THE EXTENT PERMITTED BY LAW, THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF EMBRAER AND REMEDIES OF BUYER SET FORTH IN THIS WARRANTY CERTIFICATE ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND BUYER HEREBY WAIVES,
RELEASES AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES OF EMBRAER AND ANY ASSIGNEE OF EMBRAER AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES OF BUYER AGAINST EMBRAER OR ANY ASSIGNEE OF EMBRAER, EXPRESS OR IMPLIED, ARISING BY LAW OR
OTHERWISE, WITH RESPECT TO ANY NON-CONFORMANCE OR DEFECT OR FAILURE OR ANY OTHER REASON IN ANY AIRCRAFT OR OTHER THING DELIVERED UNDER THE PURCHASE AGREEMENT OF WHICH THIS IS AN 

 

  
  

			
	Attachment C to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 3

 ATTACHMENT “C” 

WARRANTY—MATERIAL AND WORKMANSHIP 

ATTACHMENT, INCLUDING DATA, DOCUMENT, INFORMATION OR SERVICE, INCLUDING BUT NOT LIMITED TO: 

 

	 	a.	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS; 

  

	 	b.	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE; 

  

	 	c.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY IN TORT, WHETHER OR NOT ARISING FROM THE NEGLIGENCE OR OTHER RELATED CAUSES OF EMBRAER OR ANY ASSIGNEE OF EMBRAER, WHETHER ACTIVE, PASSIVE OR IMPUTED; AND

  

	 	d.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, FOR LOSS OF USE, REVENUE OR PROFIT WITH RESPECT TO ANY AIRCRAFT OR FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES.

  

	7)	No representative or employee of Embraer is authorized to establish any other warranty than the one hereby expressed, nor to assume any additional obligation, relative to the matter, in the name of Embraer and therefore
any such statements eventually made by, or in the name of Embraer, shall be void and without effect. 

  

  
  

			
	Attachment C to Purchase Agreement COM0041-08 – Rev. 3	  	  
 Page 3 of
3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “D” 

ESCALATION FORMULA 
 [*****] 

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

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

 

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

  

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

  

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

 [*****] 

[*****] 
  

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

 [*****] 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment D to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “D” 

ESCALATION FORMULA 

[*****] 
  

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

  

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

  

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

  

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

 [*****] 

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

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

[*****] 

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

			
	Attachment D to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “D” 

ESCALATION FORMULA 

[*****] 
  

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

 [*****] 

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

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

 

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

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

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

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

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

			
	Attachment D to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

  

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

 [*****] 

 

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

 [*****] 

 

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

 [*****] 

 

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

					
			
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	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 8

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PERFORMANCE AND WEIGHT GUARANTEE 
  

					
			
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redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

					
			
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	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
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PERFORMANCE AND WEIGHT GUARANTEE 
  

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	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 8

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PERFORMANCE AND WEIGHT GUARANTEE 

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	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

					
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redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 

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

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 

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redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E2” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E2 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 

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

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

			
	Attachment E3 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

	 	

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E3” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

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

			
	Attachment E3 Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

  

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

 [*****] 

 

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

 [*****] 

 

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

 [*****] 

 

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

  

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

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

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

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

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

  

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

 [*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

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

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

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

  

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

  

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

			
	Attachment E4 Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

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

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

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

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

	 	

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

			
	Attachment E4 Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

			
	Attachment E4 Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 Purchase Agreement COM0041-08 – Rev. 3	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 
 This
Attachment F specifies the terms and conditions of the Dispatch Reliability 
 Guarantee (“DRG”) [*****]. 

 

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

 [*****] 

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

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

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

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

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 
  

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

 [*****] 

 

	 	[*****]	

  

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

  

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

  

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

  

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

  

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	 	[*****]	

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

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

	 	[*****]	

  

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

  

	 	[*****]	

  

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

  

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 

[*****] 
  

	[*****]	

  

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

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

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

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

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

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

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

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

  

	 	[*****]	

  

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

  

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 
  

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

  

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

 [*****] 

[*****] 

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

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

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

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

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

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

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

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

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

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

[*****] 
  

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

  

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

  

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

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 

[*****] 
  

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

  

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

  

	 	[*****]	

  

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

  

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

  

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

  

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

  

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

  

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

  

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 
  

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

  

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

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

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

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

[*****] 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “F” 

DISPATCH RELIABILITY GUARANTEE 

[*****] 
  

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

  

	 	[*****]	

  

	 	[*****]	

  

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

  

	 	[*****]	

  

	 	[*****]	

  

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

  

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

  

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

  

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

			
	Attachment “F” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 7 of 7

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “G” 

SERVICE LIFE GUARANTEE 
 This Attachment G
specifies the terms and conditions of the Service Life Guarantee (“SLG”) [*****]. 
  

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

  

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

 [*****] 

[*****] 

[*****] 

[*****] 

[*****] 
  

	 	[*****]	

  

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

  

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

  

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

  

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

  

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

  

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

  

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

 [*****] 

[*****] 
  

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

			
	Attachment “G” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “G” 

SERVICE LIFE GUARANTEE 

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

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

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

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

[*****] 
  

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

  

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

  

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

  

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

  

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

  

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

			
	Attachment “G” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “G” 

SERVICE LIFE GUARANTEE 
  

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

  

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

  

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

  

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

			
	Attachment “G” to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 AMENDMENT No.1 TO PURCHASE
AGREEMENT COM0041-08 
 This Amendment No.1 to the Purchase Agreement dated as of April 30, 2008, (the “Amendment No.1”) is entered into
by and between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”), collectively referred to herein as the “Parties” and relates to Purchase Agreement COM0041-08
dated March 11th, 2008, as amended from time to time in writing by the Parties (the “Purchase Agreement”). 

This Amendment No.1 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.1 and the Purchase Agreement this Amendment No.1 shall control. 

WHEREAS: 
  

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 LR Aircraft (the “Aircraft”) and pursuant to which, Buyer was granted the
right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft; 

  

	2)	Buyer and Embraer have agreed to accelerate the delivery schedule of eleventh and seventh Aircraft, previously forecasted in March and September 2010, to August and November 2009, respectively; 

 

	3)	Buyer has requested and Embraer has agreed that the [*****]; 

  

	4)	As a consequence of the above agreements the Contractual Delivery Dates described in Article 5 of the Purchase Agreement shall be modified, and the Aircraft Basic Price as set forth in Article 4 of the Purchase
Agreement shall be modified as herein stated. 

 NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the
Parties, Embraer and Buyer agree, as follows: 
  

	1.	ALTERATION OF THE AIRCRAFT DELIVERY SCHEDULE 

 Article 5 of the Purchase Agreement is hereby deleted and
replaced as follows: 
 “5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer
the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

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

 

			
	 Amendment No 1 to Purchase Agreement COM0050-08

COM0094-08
	  	Page 1 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
  

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01
	  	December 2008	  	19	  	November 2010
	 02
	  	December 2008	  	20	  	December 2010
	 03
	  	December 2008	  	21	  	January 2011
	 04
	  	January 2009	  	22	  	February 2011
	 05
	  	March 2009	  	23	  	March 2011
	 06
	  	May 2009	  	24	  	April 2011
	 07
	  	June 2009	  	25	  	May 2011
	 08
	  	August 2009	  	26	  	June 2011
	 09
	  	September 2009	  	27	  	July 2011
	 10
	  	November 2009	  	28	  	August 2011
	 11
	  	January 2010	  	29	  	September 2011
	 12
	  	February 2010	  	30	  	October 2011
	 13
	  	April 2010	  	31	  	November 2011
	 14
	  	May 2010	  	32	  	December 2011
	 15
	  	June 2010	  	33	  	January 2012
	 16
	  	July 2010	  	34	  	March 2012
	 17
	  	August 2010	  	35	  	May 2012
	 18
	  	October 2010	  	36	  	September 2012

 “ 

	2.	AIRCRAFT BASIC PRICE 

 Article 3.1 of the Purchase Agreement is hereby deleted and replaced as follows:

 “Buyer agrees to pay Embraer, in United States dollars, for each Aircraft the sum of [*****], [*****] (the “Aircraft Basic
Price”).” 
  

	3.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments and Letter Agreements, which are not specifically amended by this Amendment No.1, shall remain in full force and effect without any change. 

 

	4.	COUNTERPARTS 

 This Amendment No.1 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

This Amendment No.1 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier. 

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

 

			
	 Amendment No 1 to Purchase Agreement COM0050-08

COM0094-08
	  	Page 2 of 3

 Execution version 
  

CONFIDENTIAL 
  

 
 IN WITNESS WHEREOF, Embraer and Buyer, by their duly
authorized officers, have entered into and executed this Amendment No.1 to be effective as of the date first written above. 
  

							
	EMBRAER—Empresa Brasileira	  	Canela Investments LLC
	de Aeronáutica S.A.	  		  	
		 		  		  	
	By:	 	 /s/ Satoshi Yakota
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Satoshi Yakota	  	Name:	  	Gerald B. Lee
	Title:	 	Executive Vice President	  	Title:	  	Managing Director
		 	Strategic Planning and	  		  	
		 	Technology Development	  		  	
		 		  		  	
	By:	 	 /s/ José Luís D. Molina
	  		  	
	Name:	 	José Luís D. Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Airline Market	  		  	
		 		  		  	
	Date:	 	 June 6, 2008
	  	Date:	  	 May 30th, 2008

	Place:	 	 São José dos Campos – SP
	  	Place:	  	 São José dos Campos – SP

		 	Brazil	  		  	Brazil

  

									
	 WITNESS:
	 		 	 WITNESS:

		 		 	
	 s/ Marcio Rodolfo Moneira
	 		 	  

	Name:	 	MARCIO RODOLFO MOREIRA	 		 	Name:	 	
	ID:	 	15721595-7	 		 	ID:	 	

  

  
  

 

			
	 Amendment No 1 to Purchase Agreement COM0050-08

COM0094-08
	 	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 AMENDMENT No.2 TO PURCHASE
AGREEMENT COM0041-08 
 This Amendment No.2 (“Amendment No.2”) dated as of July 31, 2008, is entered into by and between Embraer —
Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”), collectively referred to herein as the “Parties” and relates to Purchase Agreement COM0041-08 dated March 11th, 2008, as amended from time to time in writing by the Parties (the “Purchase Agreement”). 

This Amendment No.2 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.2 and the Purchase Agreement, this Amendment No.2 shall control. 

WHEREAS: 
  

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 LR Aircraft (the “Aircraft”) and pursuant to which, Buyer was granted the
right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft; 

  

	2)	The Parties have agreed to convert [*****] [*****] Aircraft into [*****] Aircraft, as well as to revise the delivery schedule set forth in Article 5 of the Purchase Agreement; 

 

	3)	Embraer and Buyer wish to set forth additional agreements of the Parties with respect to certain matters related to the purchase of the above referenced Aircraft. 

NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 

 

	1.	INTERPRETATION 

  

	1.1	DEFINITIONS 

  

	 	a)	Item 1.1.4 shall be deleted and replace as follows: 

 “1.1.4 “Aircraft”: shall mean an
EMBRAER 190 Aircraft or EMBRAER 195 Aircraft, as defined below, and where the context requires all of such Aircraft. 
 1.1.4.1
“EMBRAER 190 Aircraft” or “E190 Aircraft”: shall mean the EMBRAER 190 LR version aircraft (certification designation ERJ 190-100 IGW) manufactured by Embraer according to Attachment “A4”, for sale to Buyer pursuant to
this Agreement, equipped with two engines identified therein (or, where there is more than one of such aircraft, each of such aircraft) to be purchased by Buyer pursuant to this Agreement. 

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

			
	COM0192-08 – Amendment No. 2 to the Purchase Agreement COM0041-08	  	Page 1 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 1.1.4.3 “EMBRAER 195
Aircraft” or “E195 Aircraft”: shall mean the EMBRAER 195 AR version (certification designation: ERJ 190-200 IGW) aircraft listed manufactured by Embraer according to Attachment “A-1”, for sale to Buyer pursuant to this
Agreement, equipped with two engines identified therein (or, where there is more than one of such aircraft, each of such aircraft).” 
  

	2.	SUBJECT 

 Article 2 of the Purchase Agreement shall be modified to read as follows: “Subject to the terms
and conditions of this Agreement: 
 2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190
Aircraft; 
 2.2 Embraer shall provide to Buyer the Services and the Technical Publications as described in Attachment “B” to this Agreement; and

 2.3 Buyer shall have the option to purchase up to [*****] Option Aircraft and up to [*****] Purchase Right Aircraft, in accordance respectively with
Articles 21 and 22.” 
  

	3.	PRICE 

 Article 3.1 of the Purchase Agreement shall be modified to read as follows: 

“3.1 Buyer agrees to pay Embraer, in United States dollars, for each E190 Aircraft the sum of [*****] (both defined as the “Aircraft Basic
Price”).” 
  

	4.	DELIVERY 

 Article 5 of the Purchase Agreement shall be modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01(E195)
	  	November 2008	  	19(E195)	  	November 2010
	 02(E195)
	  	December 2008	  	20(E195)	  	December 2010
	 03(E195)
	  	December 2008	  	21(E195)	  	January 2011
	 04 (E195)
	  	January 2008	  	22 (E195)	  	February 2011

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

			
	COM0192-08 – Amendment No. 2 to the Purchase Agreement COM0041-08	  	Page 2 of 5

 Execution version 

 
 CONFIDENTIAL 

 
  
  

							
	 05 (E195)
	  	February 2009	  	23 (E195)	  	March 2011
	 06(E190)
	  	April 2009	  	24(E195)	  	April 2011
	 07(E190)
	  	May 2009	  	25(E195)	  	May 2011
	 08(E190)
	  	June 2009	  	26(E195)	  	June 2011
	 09(E190)
	  	July 2009	  	27(E195)	  	July 2011
	 10(E190)
	  	November 2009	  	28(E195)	  	August 2011
	 11(E195)
	  	January 2010	  	29(E195)	  	September 2011
	 12(E195)
	  	February 2010	  	30(E195)	  	October 2011
	 13(E195)
	  	Apri 2010	  	31(E195)	  	November 2011
	 14(E195)
	  	May 2010	  	32(E195)	  	December 2011
	 15(E195)
	  	June 2010	  	33(E195)	  	January 2012
	 16(E195)
	  	July 2010	  	34(E195)	  	March 2012
	 17(E195)
	  	August 2010	  	35(E195)	  	May 2012
	 18(E195)
	  	October 2010	  	36(E195)	  	September 2012

 5.2 With regards to the delivery of the two (2) Aircraft in December 2008, Embraer will use commercially reasonable
efforts to adjust the schedule so that the first Aircraft is tendered for inspection, acceptance and subsequent delivery to Buyer between the 1st and the 10th of December 2008.” 

 

	5.	CERTIFICATION 

 Article 6.1 of the Purchase Agreement shall be modified to read as follows: 

“6.1 The E190 and E195 Aircraft are type certified pursuant to airworthiness requirement RBHA 25 (Regulamento Brasileiro de Homologação
Aeronáutica) (Airworthiness Standards—Transport Category Airplanes), corresponding to U.S. FAR part 25, including amendments 25-1 through to 25-117, except section 25.981(c) of Amendment 25-102, Amendment 25-106, Section 25.735(h)
of Amendment 25-107, Amendment 111 , Amendment 115 and Amendment 116.” 
  

	6.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase Agreement, as
well as its related Attachments, which are not specifically amended by this Amendment No.2, shall remain in full force and effect without any change. 

  
  

			
	COM0192-08 – Amendment No. 2 to the Purchase Agreement COM0041-08	  	Page 3 of 5

 Execution version 
  

CONFIDENTIAL 
  

 
  

	7.	COUNTERPARTS 

 This Amendment No.2 may be signed by the Parties in any number of separate counterparts with the
same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	COM0192-08 – Amendment No. 2 to the Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 
  

CONFIDENTIAL 
  

 
 IN WITNESS WHEREOF, Embraer and Buyer, by their duly
authorized officers, have entered into and executed this Amendment No.2 to be effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de

Aeronáutica S.A.
  
	  		  	 Canela Investments LLC
  

	By:	 	 /s/    Mauro Kern Junior
	  	By:	  	 /s/     Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	Gerald B. Lee
	Title:	 	Executive Vice President	  	Title:	  	Managing Director
		 	Airline Market	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/    José Luís D. Molina
	  		  	
	Name:	 	José Luís D. Molina	  		  	
	Title:	 	 Vice President Contracts
 Airline
Market
	  		  	
		 		  		  	
	Date:	 	 13 August / 2008
	  	Date:	  	 May 30th, 2008

	Place:	 	 SJ Campos
	  	Place:	  	 São Paulo

		 		  		  	

  

									
	 WITNESS:
	 		 	 WITNESS:

		 		 	
	 s/     Marcio Rodolfo Moneira
	 		 	 /s/    Joice B. Doutel

	Name:	 	MARCIO RODOLFO MOREIRA	 		 	Name:	 	Joice Bigliazzi Doutel
	ID:	 	15721595-7	 		 	ID:	 	30 941 474-4

  

  
  

			
	COM0192-08 – Amendment No. 2 to the Purchase Agreement COM0041-08	  	Page 5 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 AMENDMENT No.3 TO PURCHASE
AGREEMENT COM0041-08 
 This Amendment No.3 to the Purchase Agreement dated as of October 21st, 2008, (the “Amendment No.3”) is entered
into by and between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investment LLC. (“Buyer”), collectively referred to herein as the “Parties” and relates to Purchase Agreement
COM0041-08 dated March 11th, 2008, as amended from time to time in writing by the Parties (the “Purchase Agreement”). 

This Amendment No.3 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.3 and the Purchase Agreement, this Amendment No.3 shall control. 

WHEREAS: 
  

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 LR Aircraft and [*****] EMBRAER 190 (both herein defined as the
“Aircraft”) and pursuant to which, Buyer was granted the right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft; 

  

	2)	The [*****] defined in the Escalation Formula subject of the Attachment “D” to the Purchase Agreement [*****]; and 

  

	3)	The Parties have agreed [*****]. 

 NOW, THEREFORE, for good and valuable consideration, which is hereby
acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	CHANGES TO ATTACHMENTS OF THE PURCHASE AGREEMENT 

 Attachment “D” to the Purchase Agreement is
hereby deleted and replaced as presented on Exhibit 1 to this Amendment No.3 which shall be deemed to be Attachment “D” for all purposes under the Purchase Agreement. 

 

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

			
	 Amendment No. 3 to Purchase Agreement COM0041-08

COM0312-08
	  	Page 1 of 3

 Execution version 
  

CONFIDENTIAL 
  

 
  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments and Letter Agreements, which are not specifically amended by this Amendment No.3, shall remain in full force and effect without any change. 

 

	3.	COUNTERPARTS 

 This Amendment No.3 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	 Amendment No. 3 to Purchase Agreement COM0041-08

COM0312-08
	  	Page 2 of 3

 Execution version 
  

CONFIDENTIAL 
  

 
 IN WITNESS WHEREOF, Embraer and Buyer, by their duly
authorized officers, have entered into and executed this Amendment No.3 to be effective as of the date first written above. 
  

							
	By:	 	 /s/    Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	Gerald B. Lee
	Title:	 	Executive Vice President	  	Title:	  	Managing Director
		 	Airline Market	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/    Arthur Coutinho
	  		  	
	Name:	 	Arthur Coutinho	  		  	
	Title:	 	 Executive Vice President of

Industrial Operations
	  		  	
		 		  		  	
	Date:	 	 12/Dec/08
	  	Date:	  	  

	Place:	 	 São José dos Campos
	  	Place:	  	  

		 		  		  	

  

									
	 WITNESS:
	 		 	 WITNESS:

		 		 	
	 s/ Marcio Rodolfo Moneira
	 		 	  

	Name:	 	MARCIO RODOLFO MOREIRA	 		 	Name:	 	
	ID:	 	15721595-7	 		 	ID:	 	

  

  
  

			
	 Amendment No. 3 to Purchase Agreement COM0041-08

COM0312-08
	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D” 

ESCALATION FORMULA 
  

	[*****]	

  

	[*****]	

 [*****] 
  

	[*****]	

  

	[*****]	

  

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

  

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

  

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

 [*****] 
  

	[*****]	

  

	[*****]	

  

	 	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

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

			
	Attachment D to the Purchase Agreement COM0041-08 – Rev. 0	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D” 

ESCALATION FORMULA 
  

	 	[*****]	

  

	[*****]	

  

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

  

	 	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

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

  

	[*****]	

  

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

			
	Attachment D to the Purchase Agreement COM0041-08 – Rev. 0	  	Page 2 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D” 

ESCALATION FORMULA 
  

	[*****]	

  

	[*****]	

  

	[*****]	

  

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

 

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

[*****]
  

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

[*****]
  

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

[*****]

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

			
	Attachment D to the Purchase Agreement COM0041-08 – Rev. 0	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

CONFIDENTIAL 
  

 
 AMENDMENT No.4 TO PURCHASE
AGREEMENT COM0041-08 
 This Amendment No.4 (“Amendment No. 4”) dated as of August 31, 2008, is entered into by and between
Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”), collectively referred to herein as the “Parties” and relates to Purchase Agreement COM0041-08 dated
March 11th, 2008, as amended from time to time in writing by the Parties (the “Purchase Agreement”). 

This Amendment No.4 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.4 and the Purchase Agreement, this Amendment No.3 shall control. 

WHEREAS: 

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 LR Aircraft and [*****] EMBRAER 190 (both herein defined as the
“Aircraft”) and pursuant to which, Buyer was granted the right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft; 

  

	2)	Buyer has request and Embraer has agreed to do some changes on the Familiarization Program to the Purchase Agreement; 

NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 

 

	1.	FAMILIARIZATION PROGRAM [*****] 

  

	1.1	Item 2.3.1.h.1 of the Attachment B pursuant to the Purchase Agreement is hereby amended by adding the following new paragraph: 

“Notwithstanding the provisions above, the Parties have agreed [*****] described in the preceding paragraph into (i) [*****] ground familiarization
course as regards Aircraft systems, weight and balance, performance and normal/emergency procedures, and (ii) [*****] to attend [*****] full flight simulator [*****] Such training includes the services of an instructor and will be carried out on a
level D full flight simulator. Buyer shall be solely responsible for selecting experienced training pilots that are fluent in English and duly qualified in multi- engine aircraft operations, navigation and communication.” 

 

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

			
	Amendment No 4 to Purchase Agreement COM0041-08	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

CONFIDENTIAL 
  

 
  

	1.2	Item 2.3.1.h.3 of the Attachment B pursuant to the Purchase Agreement is hereby amended by adding the following new paragraph: 

“Notwithstanding the provisions above, the Parties have agreed to [*****] This course shall consist of classroom familiarization, including a general
description of Aircraft, safety procedures, doors operations, cabin configuration, flight attendant control panels and the [*****] systems [*****].” 
  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase Agreement, as
well as its related Attachments, which are not specifically amended by this Amendment No.4, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No.4 may be signed by the Parties in any number of separate counterparts with the
same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 
  

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

			
	Amendment No 4 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

CONFIDENTIAL 
  

 
 IN WITNESS WHEREOF, Embraer and Buyer, by their duly
authorized officers, have entered into and executed this Amendment No.4 to be effective as of the date first written above. 
  

							
	EMBRAER—Empresa Brasileira	  	Canela Investments LLC
	de Aeronáutica S.A.	  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	Gerald Blake Lee
	Title:	 	Executive Vice President	  	Title:	  	Managing Director
		 	Airline Market	  		  	
		 		  		  	
	By:	 	 /s/Artur Coutinho
	  		  	
	Name:	 	Artur Coutinho	  		  	
	Title:	 	Executive Vice President of	  		  	
		 	Industrial Operations	  		  	
		 		  		  	
	Date:	 	 12/Dec/08
	  	Date:	  	  

	Place:	 	 São José dos Campos
	  	Place:	  	  

  

									
	 WITNESS
	 		 	 WITNESS

		 		 	
	 s/ Marcio Rodolfo Moreira
	 		 	  

	Name:	 	Marcio Rodolfo Moreira	 		 	Name:	 	
	ID:	 	15-727595-7	 		 	ID:	 	

  

  
  

			
	Amendment No 4 to Purchase Agreement COM0041-08	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 AMENDMENT No. 5 TO PURCHASE
AGREEMENT COM0041-08 
 This Amendment No.5 (“Amendment No.5”) dated as of November 25, 2008, is entered into by and between
Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”), collectively referred to herein as the “Parties” and relates to Purchase Agreement COM0041-08 dated
March 11th, 2008, as amended from time to time in writing by the Parties (the “Purchase Agreement”). 

This Amendment No.5 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.5 and the Purchase Agreement, this Amendment No.5 shall control. 

WHEREAS: 
  

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 LR Aircraft and [*****] EMBRAER 190 (both herein defined as the
“Aircraft”) and pursuant to which, Buyer was granted the right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft; 

  

	2)	The Parties have agreed to modify certain items of the Aircraft specific configuration; 

  

	3)	The Buyer has requested and Embraer has agreed to [*****]; 

  

	4)	As a consequence of the above agreements [*****]. 

 NOW, THEREFORE, for good and valuable consideration, which
is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	CONFIGURATION CHANGES TO THE AIRCRAFT 

  

	1.1	[*****] 

 [*****] 

[*****] 

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

			
	Amendment No. 5 to Purchase Agreement COM0041-08	  	Page 1 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 [*****] 

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

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

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

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

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

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

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

			
	Amendment No. 5 to Purchase Agreement COM0041-08	  	Page 2 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

CONFIDENTIAL 
  

 
 [*****] 

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

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

 

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

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

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

  

	2.	ATTACHMENTS CHANGES 

 As a result of the changes referred to above, Attachments “A1” and
“A4” (Aircraft Configuration) and “E1” and “E4” (Performance and Weight Guarantee) to the Purchase Agreement are hereby deleted and replaced with new Attachments “A1” and “A4” and “E1” and
“E4” in the form of Exhibit 1, 2, 3 and 4, respectively, to this Amendment No. 5. 
  

	3.	BASIC PRICE CHANGE 

 Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 

“3.1 Buyer agrees to pay Embraer, in United States dollars, [*****].” 

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

			
	Amendment No. 5 to Purchase Agreement COM0041-08	  	Page 3 of 5

 Execution version 
  

CONFIDENTIAL 
  

 
  

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments and Letter Agreements, which are not specifically amended by this Amendment No.5 and its Attachment, shall remain in full force and effect without any change. 

 

	5.	COUNTERPARTS 

 This Amendment No.5 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	Amendment No. 5 to Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 
  

CONFIDENTIAL 
  

 
 IN WITNESS WHEREOF, Embraer and Buyer, by their duly
authorized officers, have entered into and executed this Amendment No.5 to be effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de Aeronáutica S.A.

 
	  		  	 Canela Investments LLC
  

	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	
	Title:	 	Executive Vice President	  	Title:	  	
		 	Airline Market	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  		  	
	Name:	 	Artur Coutinho	  		  	
	Title:	 	 Executive Vice President of

Industrial Operations
	  		  	
		 		  		  	
	Date:	 	 15/Dec/08
	  	Date:	  	  

	Place:	 	 São José dos Campos
	  	Place:	  	  

		 		  		  	

  

									
	 WITNESS:
	 		 	 WITNESS:

		 		 	
	 /s/ Marcio Rodolfo Moreira
	 		 	  

	Name:	 	Marcio Rodolfo Moreira	 		 	Name:	 	
	ID:	 	15721595-7	 		 	ID:	 	

  

  
  

			
	Amendment No. 5 to Purchase Agreement COM0041-08	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 195 shall be manufactured according to (i) the Technical
Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options selected by Buyer: 

 

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

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

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 1 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

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

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

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

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 2 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
 [*****] 

 

					
	 [*****]
	 	 [*****]
	  	 ECD

	[*****]	 	[*****]	  	Nov. 30, 2008
	[*****]	 	[*****]	  	Nov. 30, 2008
	[*****]	 	[*****]	  	July 31, 2008
	[*****]	 	[*****]	  	May 31, 2008
	[*****]	 	[*****]	  	TBD

 [*****] 

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

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 3 of 6

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 

 

	3.2	INTERIOR FINISHING: 

 The materials and colours of all and any items of interior
finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain for the Aircraft will be in accordance with Buyer’s choices indicated in the Customer Check List Revision N/C
executed by and among Buyer, Embraer and C&D Zodiac on February 15, 2008. In case of conflict between the CCL and this Attachment A the latter shall control. 

The choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is
different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of
Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 

 

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Any BFE materials
shall conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE materials or quality restrictions that prevent the installation thereof in the time frame required by
the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE
equipment shall be delivered in DDP conditions (lncoterms 

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

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 4 of 6

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place to be timely informed by Embraer. 

The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by the Parties, are not supplied or
installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits, defibrillators and wheelchairs, as well
as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 
 The taking of any such action by Embraer
pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or
waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 
 No compensation to Buyer or reduction of the
Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance
with such agreement, as the case may be, payable by Buyer upon demand. 
  

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re-export of such 

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

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 5 of 6

 Execution version 
  

EXHIBIT 1 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from
the US Government. 
 IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A1”
AND THE TERMS OF THE TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A1” SHALL PREVAIL. 

  
  

			
	Attachment A1 to Purchase Agreement COM0041-08 – Rev. 3	  	Page 6 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 190 shall be manufactured according to
(i) the Technical Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options
selected by Buyer: 
  

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

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

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 1 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

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

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

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 2 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
 [*****] 

 

					
	 [*****]
	  	[*****]	  	ECD
	[*****]	  	[*****]	  	 July 31, 2008

	[*****]	  	[*****]	  	 May 31, 2008

	[*****]	  	[*****]	  	 TBD

 [*****] 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 3 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and color scheme. 

 

	3.2	INTERIOR FINISHING: 

 Buyer shall inform Embraer on or before [*****] prior to the first
Aircraft contractual delivery date of its choice of materials and colors of all and any item of interior finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain. The above
mentioned schedule for definition of interior finishing shall only be applicable if Buyer selects its materials from the choices offered by and available at Embraer. In case Buyer opts to use different materials and/or patterns, such schedule shall
be mutually agreed between the Parties at the time of signature of the Purchase Agreement. 
 Once defined, the choices of interior
finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior
to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of
relevant Aircraft shall be built according to the original choice of Buyer. 
  

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE) 

 Buyer may choose to
have carpets, tapestries, seat covers and curtain fabrics supplied to Embraer for installation in the Aircraft as BFE. Materials shall 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 4 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 

conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE
equipment or quality restrictions that prevent the installation thereof in the time frame required by the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such
BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE equipment shall be delivered in DDP conditions (lncoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place
to be timely informed by Embraer. 
 The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by
the Parties, are not supplied or installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits,
defibrillators and wheelchairs, as well as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 
 The taking of any such action by Embraer
pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or
waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 
 No compensation to Buyer or reduction of the
Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance
with such agreement, as the case may be, payable by Buyer upon demand. 
  

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 5 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 2 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “A4” 

AIRCRAFT CONFIGURATION 
  

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re-export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF TH IS ATIACHMENT “A4” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATIACHMENT “A4” SHALL PREVAIL. 

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

			
	Attachment A4 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 6 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

  

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

 [*****] 

 

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

 [*****] 

 

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

 [*****] 

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

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

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

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

 [*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

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

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

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

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

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

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 3 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08 – Rev. 1	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

  

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

            [*****] 

 

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

            [*****] 

 

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

            [*****] 

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

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

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

 

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

                  [*****] 

 

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

 [*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

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

 

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

  

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

            [*****] 

 

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

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

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

 

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 4 to Amendment N. o 5 to the Purchase Agreement 

ATTACHMENT “E4” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 to Purchase Agreement COM0041-08 – Rev. 0	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 6 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 6 to Purchase Agreement COM0041-08, dated as of December 12, 2008 (“Amendment 6”) relates to the Purchase Agreement
COM0041-08 between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This
Amendment 6 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment 6 constitutes an amendment
and modification to the Purchase Agreement. All terms defined in the Purchase Agreement shall have the same meaning when used herein and in case of any conflict between this Amendment 6 and the Purchase Agreement, this Amendment 6 shall control.

 WHEREAS, pursuant and subject to the terms and conditions of the Purchase Agreement, Buyer shall buy and Embraer shall sell [*****] EMBRAER 195 AR
aircraft and [*****] EMBRAER 190 AR aircraft (the “Aircraft”) and Buyer has been granted the right to purchase up to [*****] Option Aircraft and [*****] Purchase Right Aircraft. 

WHEREAS, Buyer has requested [*****] from Embraer with the [*****] Aircraft scheduled to be delivered under the Purchase Agreement in December 2008, such
Aircraft bearing Embraer-serial numbers [*****] and [*****] (the “Subject Aircraft”). 
 WHEREAS, after execution of this Amendment 6, Embraer may
in its sole discretion take the [*****] (as hereinafter defined) for any or both of the Subject Aircraft. 
 WHEREAS, Buyer is willing to agree that
[*****]. 
 NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

1. ADDITIONAL REMEDIES [*****] 
 [*****] 

 

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

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

			
	Amendment No. 6 to Purchase Agreement COM0041-08	  	Page 1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 6 TO PURCHASE AGREEMENT COM0041-08 
  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

 [*****] 

[*****] 
  

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

 [*****] 

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

			
	Amendment No. 6 to Purchase Agreement COM0041-08	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 6 TO PURCHASE AGREEMENT COM0041-08 

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

 

	[*****]	

 [*****] 
  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

 [*****] 

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

			
	Amendment No. 6 to Purchase Agreement COM0041-08	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 6 TO PURCHASE AGREEMENT COM0041-08 

[*****] 
 4. DISCLAIMER OF WARRANTIES 

EMBRAER DOES NOT OFFER, AND HEREBY DISCLAIMS, ANY EXPRESS OR IMPLIED WARRANTY WITH RESPECT TO ANY SERVICE OR ACTION IN CONNECTION WITH THIS AMENDMENT 6,
INCLUDING, WITHOUT LIMITATION, STATUTORY WARRANTIES, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND ANY AND ALL WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING, OR COURSE OF PERFORMANCE. BUYER HEREBY WAIVES,
RELEASES AND RENOUNCES ALL WARRANTIES, OBLIGATIONS AND LIABILITIES OF EMBRAER AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES OF CUSTOMER AGAINST EMBRAER, EXPRESS OR IMPLIED, ARISING BY STATUTE OR OTHERWISE, WITH RESPECT TO ANY ACTUAL OR ALLEGED
DEFICIENCY OR NON-CONFORMANCE IN ANY SERVICE OR ACTIONS PERFORMED FOR BUYER OR ANYTHING PROVIDED TO BUYER PURSUANT TO THIS AMENDMENT 6. 
 5.
REINSTATEMENT OF PURCHASE AGREEMENT 
 All other provisions and conditions of the Purchase Agreement, as well as its related Attachments and Letter
Agreement, which are not specifically amended by this Amendment 6, shall remain in full force and effect without any change. 
 6. COUNTERPARTS 

This Amendment 6 may be signed by the Parties in any number of separate counterparts with the same effect as if the signatures thereto and hereto were upon the
same instrument and all of which when taken together shall constitute one and the same instrument. 
 This Amendment 6 may be signed by facsimile with
originals duly signed to follow by an internationally recognized courier. 
 [Intentionally left blank—Signature page follows]

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

			
	Amendment No. 6 to Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 
  

AMENDMENT No. 6 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 6 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de Aeronáutica S.A.

 
	  	 Canela Investments LLC
  

	By:	 	 /s/ Arthur Coutinho
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Arthur Coutinho	  	Name:	  	Gerald Blake Lee
	Title:	 	 Executive Vice President of
 Industrial
Operations
	  	Title:	  	Managing Director
		 		  		  	
		 		  		  	
	By:	 	 /s/ José Luís D. Molina
	  		  	
	Name:	 	José Luís D. Molina	  		  	
	Title:	 	 Vice President Contracts
 Airline
Market
	  		  	
		 		  		  	
	Date:	 	 December 12, 2008
	  	Date:	  	 December 12, 2008

	Place:	 	 São José dos Campos
	  	Place:	  	 São José dos Campos

		 		  		  	

  

									
		 		 	
	Witness:	 	 /s/ Marcio Rodolfo Moreira
	 		 	Witness:	 	  

	Name:	 	 Marcio Rodolfo Moreira
	 		 	Name:	 	  

	ID:	 	15.771.595.7	 		 		 	

  
  

			
	Amendment No. 6 to Purchase Agreement COM0041-08	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 7 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 7 to Purchase Agreement COM0041-08, dated as of December 23, 2008 (“Amendment 7”) relates to the Purchase Agreement
COM0041-08 between Embraer- Empresa Brasileira de Aeronautica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 7 is
executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment 7 constitutes an amendment and
modification to the Purchase Agreement. All terms defined in the Purchase Agreement shall have the same meaning when used herein and in case of any conflict between this Amendment 7 and the Purchase Agreement, this Amendment 7 shall control. 

WHEREAS, pursuant to Amendment No. 6 to the Purchase Agreement dated as of Decmeber 12, 2008, as amended pursuant to (i) Article 4 of Amendment
No. 1 to [*****] dated as of December 15, 2008 and (ii) Article 5 of Amendment No. 2 to [*****] dated as of December 19, 2008 (as so amended, “Amendment 6”), Buyer requested and received [*****] with the
importation and exportation for the [*****] Aircraft scheduled to be delivered under the Purchase Agreement in December 2008, such Aircraft bearing Embraer-serial numbers [*****] (the “Subject Aircraft”). 

WHEREAS, such [*****] of each of the Subject Aircraft. 
 NOW,
THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 
  

	1.	RESTATED SECTION 1 TO AMENDMENT 6 

 The terms of Section 1 of Amendment 6 are hereby amended and
restated in their entirety to read as follows: 
 Buyer has requested that Embraer take, and Embraer may in its sole discretion agree to take any or all of,
the following actions with respect to one or both of the Subject Aircraft: (i) provide an [*****]; (ii) [*****] any or all Subject Aircraft to [*****]; and (iii) any other action that Embraer may in good faith elect to take in
connection with the Subject Aircraft prior to [*****] the applicable Subject Aircraft and either [*****] with respect to such Subject Aircraft or [*****]. 
  

	2.	RESTATED SECTION 2 TO AMENDMENT 6 

 The terms of Section 2 of Amendment 6 are hereby amended and
restated in their entirety to read as follows: 
 [*****] 

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

			
	Amendment No. 7 to Purchase Agreement COM0041-08	  	Page 1 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 7 TO PURCHASE AGREEMENT COM0041-08 

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

 

	3.	RESTATED SECTION 3 TO AMENDMENT 6 

 The terms of Section 3 of Amendment 6 are hereby amended and
restated in their entirety to read as follows: 
 [*****] 
  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

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

			
	Amendment No. 7 to Purchase Agreement COM0041-08	  	Page 2 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 7 TO PURCHASE AGREEMENT COM0041-08 

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

 

	4.	RESTATED SECTION 4 TO AMENDMENT 6 

 The terms of Section 4 of Amendment 6 are hereby amended and
restated in their entirety to read as follows: 
 EMBRAER DOES NOT OFFER, AND HEREBY DISCLAIMS, ANY EXPRESS OR IMPLIED WARRANTY WITH RESPECT TO ANY SERVICE
OR ACTION IN CONNECTION WITH THIS AMENDMENT 6, INCLUDING, WITHOUT LIMITATION, STATUTORY WARRANTIES, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND ANY AND ALL WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING, OR
COURSE OF PERFORMANCE. BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL WARRANTIES, OBLIGATIONS AND LIABILITIES OF EMBRAER AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES OF CUSTOMER AGAINST EMBRAER, EXPRESS OR IMPLIED, ARISING BY STATUTE OR OTHERWISE,
WITH RESPECT TO ANY ACTUAL OR ALLEGED DEFICIENCY OR NON- CONFORMANCE IN ANY SERVICE OR ACTIONS PERFORMED FOR BUYER OR ANYTHING PROVIDED TO BUYER PURSUANT TO THIS AMENDMENT 6. 
  

	5.	[*****] 

 Within [*****] after the date hereof, Buyer shall enter into an agreement with Embraer
(i) providing that any event of default under a [*****] by Embraer or an affiliate to an owner of a Subject Aircraft, Buyer or an affiliate shall be a default of and failure by Buyer under the Purchase Agreement, and (ii) [*****] , on
terms acceptable to Embraer, any [*****] pursuant to, or any credits or other rights of Buyer with respect to, the Purchase Agreement, to the obligations of an owner of a Subject Aircraft, Buyer or any affiliate pursuant to any [*****] made by, or
other agreement with, Embraer or any affiliate. 5. REINSTATEMENT OF PURCHASE AGREEMENT 
 All other provisions and conditions of the Purchase
Agreement, as well as its related Attachments and Letter Agreement, which are not specifically amended by this Amendment 7, shall remain in full force and effect without any change. 

 

	6.	COUNTERPARTS 

 This Amendment 7 may be signed by the Parties in any number of separate counterparts with
the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

This Amendment 7 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier. 

[Intentionally left blank – Signature page follows] 

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

			
	Amendment No. 7 to Purchase Agreement COM0041-08	  	Page 3 of 4

 Execution version 
  

AMENDMENT No. 7 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 7 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de Aeronáutica S.A.

 
	  	 Canela Investments LLC
  

	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	 Mauro Kern Junior
	  	Name:	  	 Gerald Blake Lee

	Title:	 	Executive Vice President	  	Title:	  	 Managing Director

		 	 Airline Market
	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/ Flavio Rimoli
	  		  	
	Name:	 	 Flavio Rimoli
	  		  	
	Title:	 	 Executive Vice President
 General
Counsel
	  		  	
		 		  		  	
	Date:	 	 23/December/2008
	  	Date:	  	  

	Place:	 	 São José dos Campos
	  	Place:	  	  

		 		  		  	

  

									
		 		 	
	Witness:	 	 /s/ Marcio Rodolfo Moreira
	 		 	Witness:	 	  

	Name:	 	Marcio Rodolfo Moreira	 		 	Name:	 	  

  
  

			
	Amendment No. 7 to Purchase Agreement COM0041-08	  	Page 4 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 8 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 8 to Purchase Agreement COM0041-08, dated as of March 12, 2009 (“Amendment 8”) relates to the Purchase Agreement
COM0041-08 between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer’’) and Canela Investments LLC (“Buyer’’) dated March 11, 2008 as amended from time to time (the “Purchase
Agreement”). This Amendment 8 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.8
constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this
Amendment No.8 and the Purchase Agreement, this Amendment No.8 shall control. 
 WHEREAS: 

	1)	The Parties desires to implement certain changes to the Aircraft configuration [*****]. 

  

	2)	Buyer has requested and Embraer is willing to postpone the Contractual Delivery Date of the Firm Aircraft # 9 and 10, from July 2009 and November 2009 to January 2010 and February 2010. 

 

	3)	Such postponement shall cause additional modifications to the Aircraft delivery schedule contained in Article 5.1 of the Purchase Agreement; 

 

	4)	In consideration of the postponement, Buyer agrees to pay Embraer the fee as provided for herein. 

 NOW,
THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	CONFIGURATION CHANGES TO THE AIRCRAFT 

  

	1.1	[*****] modification 

 Aircraft [*****] shall be delivered with [*****] in the gray color. There will be
no weight alteration due to this change. The Basic Price of the [*****] shall be increased by [*****] for each affected Aircraft, [*****]. 

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

			
	Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 1 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 8 TO PURCHASE AGREEMENT COM0041-08 
  

	1.2	Installation of [*****] 

 Aircraft [*****] Aircraft shall be delivered with [*****] installed. Due to this
change, the EEW of the affected [*****] Aircraft shall be increased by [*****]. The Attachment “E1” and “E4” (Performance and Weight Guarantee) shall be amended to reflect this [*****] change. The Basic Price of the Aircraft
[*****] shall be increased by [*****]. 
  

	1.3	Provisions for [*****] 

 Aircraft [*****] Aircraft shall be delivered with provisions for the [*****]. Due to
this change, the EEW of the affected [*****] Aircraft shall be increased by [*****]. The Attachment “E1” and “E4” (Performance and Weight Guarantee) shall be amended to reflect this [*****] change. The Basic Price of the Aircraft
[*****], shall be increased by [*****]. 
  

	1.4	[*****] Relocation 

 [*****] Aircraft [*****] shall be delivered with provisions for a [*****]. Due to
this change, the EEW of the affected Aircraft shall be increased by [*****]. The Attachment “E4” (Performance and Weight Guarantee) shall be amended to reflect this [*****] change. The Basic Price of the Aircraft [*****] Aircraft shall be
increased by [*****]. 
  

	1.5	[*****]  

 [*****] Aircraft [*****] shall be delivered with a [*****]. Due to this change, the EEW of the
affected [*****] Aircraft shall be increased by [*****]. The Attachment “E4” (Performance and Weight Guarantee) shall be amended to reflect this [*****]. The Basic Price of the Aircraft [*****] Aircraft shall be increased by [*****]. 

 

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

			
	Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 2 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 8 TO PURCHASE AGREEMENT COM0041-08 
  

	2.	DELIVERY 

 1.1 Article 5 of the Purchase Agreement shall be modified to read as follows: “5.1
Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos
Campos, State of São Paulo, Brazil, according to the following schedule: 
  

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01 (E195)
	  	November 2008	  	19 (E195)	  	March 2011
	 02 (E195)
	  	December 2008	  	20 (E195)	  	April 2011
	 03 (E195)
	  	December 2008	  	21 (E195)	  	May 2011
	 04 (E195)
	  	January 2008	  	22 (E195)	  	May 2011
	 05 (E195)
	  	February 2009	  	23 (E195)	  	June 2011
	 06 (E190)
	  	April 2009	  	24 (E195)	  	July 2011
	 07 (E190)
	  	May 2009	  	25 (E195)	  	August 2011
	 08 (E190)
	  	June 2009	  	26 (E195)	  	September 2011
	 09 (E190)
	  	January 2010	  	27 (E195)	  	October2011
	 10 (E190)
	  	February 2010	  	28 (E195)	  	October 2011
	 11 (E195)
	  	May 2010	  	29 (E195)	  	November 2011
	 12 (E195)
	  	June 2010	  	30 (E195)	  	December 2011
	 13 (E195)
	  	July 2010	  	31 (E195)	  	January 2012
	 14 (E195)
	  	October 2010	  	32 (E195)	  	March 2012
	 15 (E195)
	  	November 2010	  	33 (E195)	  	May 2012
	 16 (E195)
	  	December 2010	  	34 (E195)	  	September 2012
	 17 (E195)
	  	January 2011	  	35 (E195)	  	October 2012
	 18 (E195)
	  	February 2011	  	36 (E195)	  	November 2012

  

	3.	[*****] FEE 

 Buyer shall pay Embraer a fixed and firm amount equal to [*****] within [*****] 

 

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

			
	Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 3 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 8 TO PURCHASE AGREEMENT COM0041-08 

[*****] after the date of execution of this Amendment No.8 by wire transfer of immediately available funds to an account designated in writing by Embraer.

  

	4.	RESTATEMENT OF LIQUIDATED DAMAGES PROVISIONS 

 The Parties hereby agree that in the event of Buyer’s
breach of this Amendment No.8 or in the event of the circumstances specified in Article 20.3 of the Purchase Agreement, the liquidated damages provision set forth in such Article 20.3 of the Purchase Agreement shall apply and each Party hereto
restates its understanding that such liquidated damages provision represents a genuine, fair and reasonable estimate of Embraer’s likely damages. 
  

	5.	BASIC PRICE CHANGE 

 Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 

3.1 Buyer agrees to pay Embraer in United States dollars, the per unit Aircraft Basic Price as indicated in the table below: 

 

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

  

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

  

	6.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.8, shall remain in full force and effect without any change. 
  

	7.	COUNTERPARTS 

 This Amendment No. 8 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

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

			
	Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 
  

AMENDMENT No. 8 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 8 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de Aeronáutica S.A.

 
	  	 Canela Investments LLC
  

	By:	 	 /s/ Arthur Coutinho
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Arthur Coutinho	  	Name:	  	Gerald Blake Lee
	Title:	 	Executive Vice President of	  	Title:	  	Managing Director
		 	 Industrial Operations
	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/ Eduardo Munnós de Campos
	  		  	
	Name:	 	Eduardo Munnós de Campos	  		  	
	Title:	 	 Vice President Contracts

Airline Market
	  		  	
		 		  		  	
	Date:	 	 March 12, 2009
	  	Date:	  	March 12, 2009
	Place:	 	 São José dos Campos
	  	Place:	  	São Paulo, Brazil
		 		  		  	

  

									
		 		 	
	Witness:	 	 /s/Sandra Boelter de Baslos
	 		 	Witness:	 	 /s/Aline Munhoz Zamora

	Name:	 	 Sandra Boelter de Baslos
	 		 	Name:	 	Aline Munhoz Zamora
	RG:	 	 1066313048
	 		 		 	RG: 32.484.341 -5
		 		 		 		 	CPF: 216.841.928 -03

  
  

			
	Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

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[*****] 
  

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

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[*****] 
  

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

  

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

 [*****] 

 

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

 [*****] 

 

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

 [*****] 

 

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

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

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

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

 [*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

[*****] 

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

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

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

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

  

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

[*****] 
  

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

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

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

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

  

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

  

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

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

 [*****] 

 

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

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 1 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 

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

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

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

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 2 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 
  

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 3 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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[*****] 

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 4 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

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

  

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

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 5 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 6 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 

[*****] 
  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 7 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “E4” PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E4 Amendment No. 8 to Purchase Agreement COM0041-08	  	Page 8 of 8

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 9 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No.9 to Purchase Agreement COM0041-08, dated as of October 30, 2009 (“Amendment 9”) relates to the Purchase Agreement COM0041-08
between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 9 is
executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.9 constitutes an amendment and
modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.9 and the Purchase
Agreement, this Amendment No.9 shall control. 
 WHEREAS: 

	1)	Pursuant and subject to the terms and conditions of the Purchase Agreement Buyer shall buy and Embraer shall sell [*****] Aircraft and pursuant to which, Buyer was granted the right to purchase up to [*****] Option
Aircraft and [*****] Purchase Right Aircraft. 

  

	2)	The Parties have entered into the [*****] of the Purchase Agreement solely with respect to the Aircraft #05, #06 and #08. 

  

	3)	Buyer has requested and Embraer is willing to [*****] the Contractual Delivery Date of the Aircraft #9 and 10, from January and February 2010 to December 2009 and January 2010. 

 

	4)	The Parties desire to implement certain changes to the Aircraft configuration which caused [*****]. 

 NOW,
THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	SUBJECT 

 1.1 Article 2.1 of the Purchase Agreement shall be modified to read as follows: 

“Subject to the terms and conditions of this Agreement: 

2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] Aircraft.” 

 

	2.	DELIVERY 

 2.1 Article 5 of the Purchase Agreement shall be modified to read as follows: “5.1
Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos
Campos, State of São Paulo, Brazil, according to the following schedule: 

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

			
	Amendment No. 9 to Purchase Agreement COM0041-08	  	Page 1 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 9 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01 (E195)
	  	November 2008	  	19 (E195)	  	March 2011
	 02 (E195)
	  	December 2008	  	20 (E195)	  	April 2011
	 03 (E195)
	  	December 2008	  	21 (E195)	  	May 2011
	 04 (E195)
	  	January 2009	  	22 (E195)	  	May 2011
	 05 (E195)
	  	Aircraft Terminated	  	23 (E195)	  	June 2011
	 06 (E195)
	  	Aircraft Terminated	  	24 (E195)	  	July 2011
	 07 (E195)
	  	May 2009	  	25 (E195)	  	August 2011
	 08 (E195)
	  	Aircraft Terminated	  	26 (E195)	  	September 2011
	 09 (E195)
	  	December 2009	  	27 (E195)	  	October 2011
	 10 (E195)
	  	January 2010	  	28 (E195)	  	October 2011
	 11 (E195)
	  	May 2010	  	29 (E195)	  	November 2011
	 12 (E195)
	  	June 2010	  	30 (E195)	  	December 2011
	 13 (E195)
	  	July 2010	  	31 (E195)	  	January 2012
	 14 (E195)
	  	October 2010	  	32 (E195)	  	March 2012
	 15 (E195)
	  	November 2010	  	33 (E195)	  	May 2012
	 16 (E195)
	  	December 2010	  	34 (E195)	  	September 2012
	 17 (E195)
	  	January 2011	  	35 (E195)	  	October 2012
	 18 (E195)
	  	February 2011	  	36 (E195)	  	November 2012

  

	3.	CONFIGURATION CHANGES TO THE AIRCRAFT 

  

	3.1	[*****] Requirement 

 Aircraft #09 and all subsequent E190 and E195 Aircraft shall be delivered with a
new [*****]. Due to this change, the EEW of the affected Aircraft shall be increased by [*****] for the [*****] Aircraft, and [*****] for the E195 Aircraft, which shall be considered in the relevant Aircraft [*****] as provided in the Purchase
Agreement. The Basic Price of the Aircraft #09, 10 and 11 shall not be affected. Aircraft #12 and all subsequent E195 shall be increased by [*****]. 
  

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

			
	Amendment No. 9 to Purchase Agreement COM0041-08	  	Page 2 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 9 TO PURCHASE AGREEMENT COM0041-08 
  

	3.2	[*****] 

 Aircraft #11 and all subsequent E195 Aircraft shall be delivered with certain interior equipment and
furnishings [*****]. Due to this change, the EEW of the affected E195 Aircraft shall be increased by [*****] which shall be considered in the relevant Aircraft [*****] as provided in the Purchase Agreement. The Basic Price of the Aircraft #11 and
all subsequent E195 Aircraft shall be increased by [*****]. 
  

	4.	BASIC PRICE CHANGE 

 Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 

3.1 Buyer agrees to pay Embraer in United States dollars, the per unit Aircraft Basic Price as indicated in the table below: 

 

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

  

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

  

	5.	CHANGES TO ATTACHMENTS OF THE PURCHASE AGREEMENT 

 Attachments “A1 “, “A4’’,
“E1 “, “E4” and “D” to the Purchase Agreement are hereby deleted and replaced as presented in this Amendment No. 9 which shall be deemed to be Attachments “A1”, “A4”, “E1”,
“E4” and “D” for all purposes under the Purchase Agreement. 
  

	6.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.9, shall remain in full force and effect without any change. 
  

	7.	COUNTERPARTS 

 This Amendment No.9 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

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

			
	Amendment No. 9 to Purchase Agreement COM0041-08	  	Page 3 of 4

 Execution version 
  

AMENDMENT No. 9 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 9 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	 EMBRAER—Empresa Brasileira de Aeronáutica S.A.

 
	  	 Canela Investments LLC
  

	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	 Gerald Blake Lee

	Title:	 	Executive Vice President of	  	Title:	  	 Director/Attorney in Fact

		 	Airline Market	  		  	
		 		  		  	
		 		  		  	
	By:	 	 /s/ Eduardo Munnós de Campos
	  		  	
	Name:	 	 Eduardo Munnós de Campos
	  		  	
	Title:	 	 Vice President Contracts
 Airline
Market
	  		  	
		 		  		  	
	Date:	 	  
	  	Date:	  	 October 30, 2009

	Place:	 	  
	  	Place:	  	 Barrier – SP

		 		  		  	

  

									
		 		 	
	Witness:	 	 /s/ Sandra Boelter de Baslos
	 		 	Witness:	 	 /s/ Aline Munhoz Zamora

	Name:	 	 Sandra Boelter de Boslos
	 		 	Name:	 	 Aline Munhoz Zamora

	RG:	 		 		 		 	RG: 32.485.341 -5
		 		 		 		 	CPF: 216.841.928 -03

  

  
  

			
	Amendment No. 9 to Purchase Agreement COM0041-08	  	Page 4 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 10 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 10 to Purchase Agreement COM0041-08, dated as of December 21, 2009 (“Amendment No. 10”) relates to the Purchase
Agreement COM0041-08 between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”).
This Amendment 10 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.10 constitutes an
amendment and modification to the Purchase Agreement. All capitalized terms not o!herwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.10 and
the Purchase Agreement, this Amendment No.10 shall control. 
 WHEREAS, this Amendment No.10 sets forth additional agreements between Embraer and Buyer
relative to (i) Buyer’s purchase of additional five (5) new E195 Aircraft to be delivered in 2010 (the “Five New E195”), (ii) the anticipation of the delivery date of certain Aircraft and (iii) certain special
conditions for the last six Aircraft. 
 NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer
agree as follows: 
  

	1.	SUBJECT 

 1.1 Article 2.1 of the Purchase Agreement shall be modified to read as follows: “Subject
to the terms and conditions of this Agreement: 
 2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and
[*****] E190 Aircraft; 
  

	2.	DELIVERY 

 2.1 Article 5 of the Purchase Agreement shall be modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01 (E195)
	  	November 2008	  	22 (E195)	  	January 2011
	 02 (E195)
	  	December 2008	  	23 (E195)	  	February 2011
	 03 (E195)
	  	December 2008	  	24 (E195)	  	March 2011
	 04 (E195)
	  	January 2009	  	25 (E195)	  	April 2011
	 05 (E195)
	  	Aircraft Terminated	  	26 (E195)	  	May 2011

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

			
	Amendment No. 10 to Purchase Agreement COM0041-08	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 10 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 06 (E190)
	  	Aircraft Terminated	  	27 (E195)	  	May 2011
	 07 (E190)
	  	May 2009	  	28 (E195)	  	June 2011
	 08 (E190)
	  	Aircraft Terminated	  	29 (E195)	  	July 2011
	 09 (E190)
	  	December 2009	  	30 (E195)	  	August 2011
	 10 (E190)
	  	January 2010	  	31 (E195)	  	September 2011
	 11 (E195)
	  	May 2010	  	32 (E195)	  	October 2011
	 12 (E195)
	  	June 2010	  	33 (E195)	  	October 2011
	 13 (E195)
	  	June 2010	  	34 (E195)	  	November 2011
	 14 (E195)
	  	July 2010	  	35 (E195)	  	December 2011
	 15 (E195)
	  	August 2010	  	36 (E195)	  	January 2012
	 16 (E195)
	  	August 2010	  	37 (E195)	  	March 2012
	 17 (E195)
	  	September 2010 (*)	  	38 (E195)	  	May 2012
	 18 (E195)
	  	September 2010 (*)	  	39 (E195)	  	September 2012
	 19 (E195)
	  	October 2010(*)	  	40 (E195)	  	October 2012
	 20 (E195)
	  	November 2010 (*)	  	41 (E195)	  	November 2012
	 21 (E195)
	  	November 2010 (*)	  		  	

  

	(*)	Five New E195 

  

	3.	SPECIAL CONDITIONS FOR THE [*****] 

 The Purchase Price of the [*****] shall be calculated according to
the Escalation Formula provided however that the [*****] (for the avoidance of doubts, the entire period to be considered in the [*****] of such [*****] is from January 2008 up to December 2011). 

[*****] 
  

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 10, shall remain in full force and effect without any change. 
  

	5.	COUNTERPARTS 

  

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

			
	Amendment No. 10 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 10 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No.10 may be signed by the Parties in any number of separate counterparts with the same effect as if the signatures thereto and hereto were
upon the same instrument and all of which when taken together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, Embraer and Buyer, by
their duly authorized officers, have entered into and executed this Amendment 10 to the Purchase Agreement to be effective as of the date first written above. 
  

							
	EMBRAER—Empresa Brasileira	  	Canela Investments LLC
	de Aeronáutica S.A.	  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	 Mauro Kern Junior
	  	Name:	  	 Gerald Blake Lee

	Title:	 	 Executive Vice President
 Airline
Market
	  	Title:	  	 Director/Attorney in Fact

		 		  		  	
		 		  		  	
	By:	 	 /s/ Eduardo Munnós de Campos
	  		  	
	Name:	 	 Eduardo Munnós de Campos
	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Airline Market	  		  	
		 		  		  	
	Date:	 	 December 21st, 2009
	  	Date:	  	 December 21st, 2009

	Place:	 	  
	  	Place:	  	  

  

									
		 		 	
	Witness:	 	 /s/ Sandra Boelter de Baslos
	 		 	Witness:	 	 /s/Aline Munhoz Zamora

	Name:	 	 Sandra Boelter de Boslos
	 		 	Name:	 	Aline Munhoz Zamora
	RG:	 		 		 		 	RG: 32.485.341-5
		 		 		 		 	CPF: 216.841.928-03

  
  

			
	Amendment No. 10 to Purchase Agreement COM0041-08	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 11 to Purchase Agreement COM0041-08, dated as of October 26, 2010 (“Amendment No. 11”) relates to the Purchase
Agreement COM0041-08 between Embraer—Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”).
This Amendment 11 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.11 constitutes an
amendment and modification to the Purchase Agreement. All capitalized terms not othervvise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.11 and
the Purchase Agreement, this Amendment No.11 shall control. 
 WHEREAS: 
  

	1)	The Parties desires to implement certain changes to the Aircraft configuration which [*****]. 

  

	2)	The [*****] —defined in the Escalation Formula subject of the Attachment “D” to the Purchase Agreement is [*****] and the Parties have agreed [*****]. 

 

	3)	The Parties have entered into the [*****] of the Purchase Agreement solely with respect to the Aircraft #09. 

  

	4)	The Parties have also agreed on changing the Contractual Delivery Dates for 2011 and 2012. 

 Now, therefore,
for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 
  

	1.	SUBJECT 

  

	1.1	Article 2.1 of the Purchase Agreement shall be modified to read as follows: 

 “Subject to the terms and
conditions of this Agreement: 
  

	2.1	Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190 Aircraft; 

  

	2.	DELIVERY 

  

	2.1	Article 5 of the Purchase Agreement shall be modified to read as follows 

 “5.1 Subject to payment in
accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of
São 
  

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

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 1 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

Paulo, Brazil, according to the following schedule: 
  

							
	 Aircraft#
	  	 Contractual Delivery Date
	  	 Aircraft#
	  	 Contractual Delivery Date

	 01 (E195)
	  	November 2008	  	22 (E195)	  	January 2011
	 02 (E195)
	  	December 2008	  	23 (E195)	  	February 2011
	 03 (E195)
	  	December 2008	  	24 (E195)	  	March 2011
	 04 (E195)
	  	January 2009	  	25 (E195)	  	April 2011
	 05 (E195)
	  	Aircraft Terminated	  	26 (E195)	  	May 2011
	 06 (E190)
	  	Aircraft Terminated	  	27 (E195)	  	June 2011
	 07 (E190)
	  	May 2009	  	28 (E195)	  	July 2011
	 08 (E190)
	  	Aircraft Terminated	  	29 (E195)	  	August 2011
	 09 (E190
	  	Aircraft Terminated	  	30 (E195)	  	September 2011
	 10 (E190)
	  	January 2010	  	31 (E195)	  	October 2011
	 11 (E195)
	  	May 2010	  	32 (E195)	  	November 2011
	 12 (E195)
	  	June 2010	  	33 (E195)	  	December 2011
	 13 (E195)
	  	June 2010	  	34 (E195)	  	January 2012
	 14 (E195)
	  	July 2010	  	35 (E195)	  	February 2012
	 15 (E195)
	  	August 2010	  	36 (E195)	  	March 2012
	 16 (E195)
	  	August 2010	  	37 (E195)	  	April 2012
	 17 (E195)
	  	September 2010 (*)	  	38 (E195)	  	May 2012
	 18 (E195)
	  	September 2010 (*)	  	39 (E195)	  	September 2012
	 19 (E195)
	  	October 2010 (*)	  	40 (E195)	  	October 2012
	 20 (E195)
	  	November 2010 (*)	  	41 (E195)	  	November 2012
	 21 (E195)
	  	November 2010 (*)	  	

 (*) Five New E195” 
  

	3.	CHANGE IN THE AIRCRAFT CONFIGURATION 

  

	3.1	[*****] 

 [*****] Aircraft [*****] have been delivered with the [*****] components installed in the [*****] as
referred in the PMC/022 dated February 18th, 2009). 
  

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

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 2 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

There is an increase of [*****] in the EEW of such affected [*****] Aircraft due to this change. The Basic Price of the [*****] Aircraft [*****] has been
increased by [*****]. 
  

	3.2	Change [*****] 

 [*****] Aircraft [*****] has been delivered with the [*****] as referred in the PMC/024
dated June 22nd, 2009). There is an increase of [*****] in the EEW of such affected [*****] Aircraft due to this change. The Basic Price of the [*****] Aircraft [*****] has been increased by
[*****]. 
  

	3.3	Inclusion of [*****] 

 Aircraft [*****] shall be delivered with [*****] (as referred in the PMC/027 dated
September 3rd, 2009). There will be no weight alteration in the affected Aircraft due to this change. The Basic Price of the Aircraft [*****] shall be increased by [*****]. 

 

	3.4	Translation to [*****]. 

 Aircraft [*****] shall be delivered with [*****] (as referred in the PMC/028
dated November 9th, 2009). There will be no weight alteration in the affected Aircraft due to this change. The Basic Price of the [*****] shall be increased by [*****]. 

 

	3.5	[*****] installation [*****] 

 Aircraft [*****] shall be delivered with a [*****] (as referred in the
PMC/029 dated January 21st, 2010). There will be no weight alteration in the affected Aircraft due to this change. The Basic Price of the Aircraft [*****] shall be increased by [*****]. 

 

	3.6	[*****] 

 Aircraft [*****] shall be delivered with [*****] (as referred in the PMC/030 dated January 21st, 2010). There will be no weight alteration on the affected Aircraft due to this change. The Basic Price of the Aircraft [*****] shall be increased by [*****]. 

 

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

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 3 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

 

	3.7	New [*****] 

 Aircraft [*****] shall be delivered with a new [*****] (as referred in the PMC/031 dated
February, 24th, 2010). There will be a decrease of [*****] in the EEW of the affected Aircraft due to this change. The Basic Price of the Aircraft [*****] shall be increased by [*****]. 

 

	4.	BASIC PRICE CHANGE 

 4.1 Aircraft Basic Price: Due to changes in the Aircraft configuration,
Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the
Aircraft Basic Price as indicated in the table below: 
  

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

  

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

 4.2 Aircraft Basic Price for Conversion Aircraft: Due to the changes in the Aircraft configuration, Article 23.4 of the
Purchase Agreement is hereby modified to read as follows: 
 “23.4 The Conversion Aircraft Basic Price for each the [*****], in [*****], including the
optional equipment and customized lay outs defined respectively in Attachments “A2”, “A3” and “A4”, are: 
  

							
	 	  	[*****]	 	[*****]	 	[*****]
	 Basic Price
	  	[*****]	 	[*****]	 	[*****]

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

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 4 of 6

 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

 

	5.	CHANGES TO ATTACHMENTS OF THE PURCHASE AGREEMENT 

 As a result of the changes referred to above,
Attachments “A 1” and “A4” (Aircraft Configuration), “E1” and “E4” (Performance and Weight Guarantee) and Attachment “D” (Escalation Formula) to the Purchase Agreement are hereby deleted and replaced
with new Attachments “A1”, “A4”, “E1” ,“E4” and “D” to this Amendment No. 11. 
  

	6.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 11, shall remain in full force and effect without any change. 
  

	7.	COUNTERPARTS 

 This Amendment No.11 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 5 of 6

 AMENDMENT No. 11 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 11 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	EMBRAER—Empresa Brasileira	  	Canela Investments LLC
	de Aeronáutica S.A.	  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Mauro Kern Junior	  	Name:	  	Gerald Blake Lee
	Title:	 	Executive Vice-President	  	Title:	  	Canela Investments, LLC
		 	New Programs, Airline Market	  		  	Managing Director
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts Airline Market	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 December 21st, 2009
	  	Date:	  	 October 26th, 2010

	Place:	 	  
	  	Place:	  	 Barueri – SP

  

									
		 		 	
	Witness:	 	  
	 		 	Witness:	 	 /s/ Aline Munhoz Zamora

	Name:	 	 Sandra Boelter de Boslos
	 		 	Name:	 	Aline Munhoz Zamora
	RG:	 		 		 	RG:	 	RG: 32.485.341-5
		 		 		 		 	CPF: 216.841.928-03

  

  
  

			
	Amendment No. 11 to Purchase Agreement COM0041-08	  	Page 6 of 6

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 12 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 12 to Purchase Agreement COM0041-08, dated as of September 30th, 2011 (“Amendment No. 12”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 12 is executed between Embraer and
Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.12 constitutes an amendment and modification to the Purchase
Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.12 and the Purchase Agreement, this Amendment
No.12 shall control. 
 WHEREAS: 

	1)	Buyer desires to purchase [*****] E195 aircraft pursuant to the Purchase Agreement; 

  

	2)	The Parties desires to implement certain changes to the Aircraft configuration which caused [*****]; 

  

	3)	The Parties have entered into a [*****] with respect to each of the following Aircraft #13, 18, 19, 20, 21, 23, 24 and 26; 

  

	4)	Buyer desires to modify the Aircraft delivery schedule contained in Article 5.1 of the Purchase Agreement; 

  

	5)	The Parties desire to include Attachment “D1” to the Purchase Agreement. 

 Now, therefore, for good
and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 
  

	1.	SUBJECT 

  

	1.1	Article 2.1 of the Purchase Agreement is hereby modified to read as follows: 

 “2.1 Embraer shall sell and
deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190 Aircraft.” 
  

	2.	DELIVERY 

  

	2.1	Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

 “5.1 Subject to payment in
accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of
São Paulo, Brazil, according to the following schedule: 
  

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

			
	Amendment No. 12 to Purchase Agreement COM0041-08	  	Page 1 of 5

 Execution version 
  

AMENDMENT No. 12 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	32 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	33 (E195)	  	Dec 2011
	 03 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 04 (E195)
	  	Jan 2009	  	35 (E195)	  	Feb 2012
	 05 (E195)
	  	Aircraft Terminated	  	36 (E195)	  	Mar 2012
	 06 (E190)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 07 (E190)
	  	May 2009	  	38 (E195)	  	May 2012
	 08 (E190)
	  	Aircraft Terminated	  	39 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	41 (E195)	  	Dec 2012
	 11(E195)
	  	May 2010	  	42 (E195)	  	Mar 2013
	 12 (E195)
	  	Jun 2010	  	43 (E195)	  	May 2013
	 13 (E195)
	  	Aircraft Terminated	  	44 (E195)	  	Jun 2013
	 14 (E195)
	  	Jul 2010	  	45 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	46 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	47 (E195)	  	Feb 2014
	 17 (E195)
	  	Sep 2010 (*)	  	48 (E195)	  	Mar 2014
	 18 (E195)
	  	Aircraft Terminated (*)	  	49 (E195)	  	Apr 2014
	 19 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Jun 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Sep 2014
	 21 (El 95)
	  	Aircraft Terminated(*)	  	52 (El 95)	  	Oct 2014
	 22 (E195)
	  	Jan 2011	  	53 (E195)	  	Jan 2015 (**)
	 23 (E195)
	  	Aircraft Terminated	  	54 (E195)	  	Mar 2015 (**)
	 24 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Jun 2015 (**)
	 25 (E195)
	  	Apr 2011	  	56 (E195)	  	Sep 2015(**)
	 26 (E195)
	  	Aircraft Terminated	  	57 (E195)	  	Nov 2015 (**)
	 27 (E195)
	  	Jun 2011	  	58 (E195)	  	Feb 2016 (**)
	 28 (E195)
	  	Jul 2011	  	59 (E195)	  	Apr 2016 (**)
	 29 (E195)
	  	Oct 2011	  	60 (E195)	  	Jun 2016 (**)
	 30 (E195)
	  	Nov 2011	  	61 (E195)	  	Jul 2016 (**)
	 31 (E195)
	  	Nov 2011	  	62 (E195)	  	Sep 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft 

  
  

			
	Amendment No. 12 to Purchase Agreement COM0041-08	  	Page 2 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 12 TO PURCHASE AGREEMENT COM0041-08 
  

	3.	CHANGES TO THE AIRCRAFT CONFIGURATION 

  

	3.1	[*****] —modification for [*****] 

 Aircraft [*****] shall be delivered with [*****]. The EEW of
the affected Aircraft shall increase in [*****] due to this change. The Basic Price of the affected Aircraft shall be increased by [*****]. 
  

	3.2	Azul E195—Green Livery 

 Aircraft [*****] shall be delivered painted in green. The Basic Price of
the affected Aircraft shall be increased by [*****]. 
  

	3.3	Azul E195—Flagship Livery 

 Aircraft [*****] shall be delivered painted with the Brazilian flag
colors. The Basic Price of the affected Aircraft shall be increased by [*****]. 
  

	3.4	Azul E195 — Azul Viagens Livery 

 Aircraft [*****] shall be delivered painted with LogoJet Azul
Viagens colors. The Basic Price of the affected Aircraft shall be increased by [*****]. 
  

	3.5	[*****] 

 Buyer requested to have Aircraft [*****] to be delivered with [*****]. As a consequence, the Basic
Price of the Aircraft [*****] to Aircraft [*****] shall be [*****]. Specifically for Aircraft [*****], due to the fact that the [*****] were performed in an expedited manner, the Basic Price of this Aircraft [*****] shall be [*****]. 

 

	4.	BASIC PRICE CHANGE 

  

	4.1	Aircraft Basic Price: Due to changes in the Aircraft configuration, Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 

 

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

			
	Amendment No. 12 to Purchase Agreement COM0041-08	  	Page 3 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 12 TO PURCHASE AGREEMENT COM0041-08 

“3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as indicated in the table below: 

 

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

  

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

  

	4.2	Escalation: Article 3.3 of the Purchase Agreement is hereby modified to read as follows: 

 “3.3 The
Basic Price of Aircraft [*****] to Aircraft [*****], Aircraft [*****] and Aircraft [*****] shall be [*****]. The Basic Price of Aircraft [*****], Aircraft [*****] and Aircraft [*****] to Aircraft [*****] shall be [*****]. 

Such price as escalated shall be the Aircraft Purchase Price and it will be provided by Embraer to Buyer [*****] prior to each Aircraft Contractual Delivery
Date.” 
  

	5.	INCLUSION OF ATTACHMENT “D1” 

 A new Attachment “D1” attached to this Amendment No.12
is hereby included in the Purchase Agreement as Attachment “D1”. 
  

	6.	CHANGE TO CLAUSE SPECIAL CONDITIONS FOR THE [*****] 

 Article 3 to Amendment No. 10 to the Purchase
Agreement is hereby deleted as if such Article 3 had never been included in the Amendment No. 10 to the Purchase Agreement. 

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

			
	Amendment No. 12 to Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 12 TO PURCHASE AGREEMENT COM0041-08 
  

	7.	[*****] 

 In consideration of Buyer [*****] Aircraft as contemplated in this Amendment No. 12, the
[*****] already provided by Embraer to Buyer shall be considered [*****], and therefore there is [*****] by Buyer to Embraer in relation to this [*****]. 
  

	8.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.12, shall remain in full force and effect without any change. 
  

	9.	COUNTERPARTS 

 This Amendment No.12 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 12 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	Embraer S.A	  	Canela Investments LLC
		 		  		  	
	By:	 	 /s/ [Illegible]
	  	By:	  	 /s/ [Illegible]

	Name:	 	José Luis D’Avila Molina	  	Name:	  	Gerald Blake Lee
	Title:	 	Vice President, Contracts	  	Title:	  	Canela Investments, LLC
		 	Airline Market	  		  	Managing Director
		 		  		  	
	By:	 	 /s/ [Illegible]
	  		  	
	Name:	 	Eduardo Manhós de Campos	  		  	
	Title:	 	Vice President, Latin America	  		  	
		 	Airline Market	  		  	
		 		  		  	
	Date:	 	 September 30, 2011
	  	Date:	  	 September 30, 2011

	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, SP.

  

									
	 Witnesses: /s/ Fernando Bueno
	 		 	 Witnesses: /s/ Aline Munhoz Zamara

	Name:	 	Fernando Bueno	 		 	Name:	 	 Aline Munhoz Zamara

		 		 		 	ID:	 	RG: 32.485.341-5
		 		 		 		 	CPF: 216.841.928-03

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

			
	Amendment No. 12 to Purchase Agreement COM0041-08	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

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

 

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

  

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

  

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

 [*****] 

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

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

 

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

  

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

  

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

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

			
	Attachment D1 to Amendment No. 12 to the Purchase Agreement COM0041-08	  	Page 1 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	 	[*****]	

  

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

  

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

  

	 	[*****]	

 [*****] 
  

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

  

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

  

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

  

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

 [*****] 

[*****] 
  

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

 [*****] 
  

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

			
	Attachment D1 to Amendment No. 12 to the Purchase Agreement COM0041-08	  	Page 2 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

 

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

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

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

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

  

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

 [*****] 

[*****] 
  

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

			
	Attachment D1 to Amendment No. 12 to the Purchase Agreement COM0041-08	  	Page 3 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

[*****] 
  

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

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

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

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

  

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

			
	Attachment D1 to Amendment No. 12 to the Purchase Agreement COM0041-08	  	Page 4 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 13 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 13 to Purchase Agreement COM0041-08, dated as of November 9, 2011 (“Amendment No. 13”) relates to the Purchase Agreement
COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 13 is executed between Embraer and Buyer,
collectively referred to herein as the “Parties”. 
 This Amendment No.13 constitutes an amendment and modification to the Purchase Agreement. All
capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.13 and the Purchase Agreement, this Amendment No.13 shall
control. 
 WHEREAS: 
  

	1)	The Parties have entered into a [*****] with respect to each of the following Aircraft #27 and #28; 

  

	2)	Buyer has requested to change the Basic Price of certain Aircraft as a result of [*****]. 

 Now, therefore, for
good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 
  

	1.	SUBJECT 

  

	1.1	Article 2.1 of the Purchase Agreement is hereby modified to read as follows: 

 “2.1 Embraer shall sell and
deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190 Aircraft.” 
  

	2.	DELIVERY 

  

	2.1	Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

 “5.1 Subject to payment in
accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of
São Paulo, Brazil, according to the following schedule: 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	32 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	33 (E195)	  	Dec 2011
	 03 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 04 (E195)
	  	Jan 2009	  	35 (E195)	  	Feb 2012
	 05 (E195)
	  	Aircraft Terminated	  	36 (E195)	  	Mar 2012
	 06 (E190)
	  	Aircraft Terminated	  	37 (El 95)	  	Apr 2012

  

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

			
	Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 1 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 13 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 07 (E190)
	  	May 2009	  	38 (E195)	  	May 2012
	 08 (E190)
	  	Aircraft Terminated	  	39 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	41 (E195)	  	Dec 2012
	 11 (E195)
	  	May 2010	  	42 (E195)	  	Mar 2013
	 12 (E195)
	  	Jun 2010	  	43 (E195)	  	May 2013
	 13 (E195)
	  	Aircraft Terminated	  	44 (E195)	  	Jun 2013
	 14 (E195)
	  	Jul 2010	  	45 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	46 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	47 (E195)	  	Feb 2014
	 17 (E195)
	  	Sep 2010 (*)	  	48 (E195)	  	Mar 2014
	 18 (E195)
	  	Aircraft Terminated (*)	  	49 (E195)	  	Apr 2014
	 19 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Jun 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Sep 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Oct 2014
	 22 (E195)
	  	Jan 2011	  	53 (E195)	  	Jan 2015 (**)
	 23 (E195)
	  	Aircraft Terminated	  	54 (E195)	  	Mar 2015 (**)
	 24 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Jun 2015 (**)
	 25 (E195)
	  	Apr 2011	  	56 (E195)	  	Sep 2015(**)
	 26 (El 95)
	  	Aircraft Terminated	  	57 (El 95)	  	Nov 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Feb 2016 (**)
	 28 (El 95)
	  	Aircraft Terminated	  	59 (El 95)	  	Apr 2016 (**)
	 29 (E195)
	  	Oct 2011	  	60 (E195)	  	Jun 2016 (**)
	 30 (E195)
	  	Nov 2011	  	61 (E195)	  	Jul 2016 (**)
	 31 (E195)
	  	Nov 2011	  	62 (E195)	  	Sep 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft” 
  

	3.	BASIC PRICE CHANGE 

 3.1 Aircraft Basic Price: [*****] by Buyer, Article 3.1 of the Purchase
Agreement is hereby modified to read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
  

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

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

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

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

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

			
	Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 2 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 13 TO PURCHASE AGREEMENT COM0041-08 
  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 3.2 Escalation: Article 3.3 of the Purchase Agreement is hereby modified to read as follows: 

“3.3 The Basic Price of Aircraft [*****] to Aircraft [*****], Aircraft [*****] and Aircraft [*****] shall be [*****]. The Basic Price of Aircraft [*****],
Aircraft [*****], Aircraft [*****], and Aircraft [*****] to Aircraft [*****] shall be [*****] attached to this Amendment No.13 which is hereby included in the Purchase Agreement. 

Such price as escalated shall be the Aircraft Purchase Price and it will be provided by Embraer to Buyer [*****] each Aircraft Contractual Delivery
Date.” 
  

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.13, shall remain in full force and effect without any change. 
  

	5.	COUNTERPARTS 

 This Amendment No.13 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

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

			
	Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 3 of 4

 Execution version 
  

AMENDMENT No. 13 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 13 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Artur Coutinho	  	Name:	  	Gerald Blake Lee
	Title:	 	COO – Chief Operating Officer	  	Title:	  	Canela Investments, LLC
		 		  		  	Managing Director
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 November 9, 2011
	  	Date:	  	 November 9, 2011

	Place:	 	 [Illegible], Brazil
	  	Place:	  	 Barueri, Brazil

  

									
	 	 		 		 	 
		 		 	
	Witness:	 	 /s/ Sandra Boelter de Baslos
	 		 	Witness:	 	 /s/ Priscilla Ferreira Branco

	Name:	 	 Sandra Boelter de Baslos
	 		 	Name:	 	Priscilla Ferreira Branco
		 		 		 	Identidade:	 	12626633-7 - IPP
		 		 		 	CPF:	 	090614607-67

  

  
  

			
	Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 4 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

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

 

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

  

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

  

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

 [*****] 

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

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

 

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

  

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

  

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

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

			
	Attachment D1 to Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 1 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 

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

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

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

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

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

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

[*****] 
  

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

			
	Attachment D1 to Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 2 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

 

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

[*****]

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

[*****]

  

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

 [*****] 

[*****] 

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

			
	Attachment D1 to Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 3 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

 
 ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

[*****] 
  

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

[*****]

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

[*****]

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

			
	Attachment D1 to Amendment No. 13 to Purchase Agreement COM0041-08	  	Page 4 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 14 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 14 to Purchase Agreement COM0041-08, dated as of December 1st 2011 (“Amendment No. 14”) relates to the Purchase Agreement
COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 14 is executed between Embraer and Buyer,
collectively referred to herein as the “Parties”. 
 This Amendment No.14 constitutes an amendment and modification to the Purchase Agreement. All
capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.14 and the Purchase Agreement, this Amendment No.14 shall
control. 
 WHEREAS: 
  

	1.	Buyer has requested to repaint certain portion of Aircraft #30 prior to delivery: 

  

	2.	Buyer has requested to change the Basic Price of certain Aircraft as a result of [*****]. 

 Now, therefore, for
good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 
  

	1.	EXTERNAL PAINTING CHANGE 

 Aircraft #30 shall have some portion of its fuselage repainted as agreed by
Buyer and Embraer. The Basic Price of this Aircraft shall be [*****]. 
  

	2.	BASIC PRICE CHANGE 

 2.1 Aircraft Basic Price: [*****] by Buyer, Article 3.1 of the Purchase
Agreement is hereby modified to read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
  

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

  

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

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

			
	Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 1 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

AMENDMENT No. 14 TO PURCHASE AGREEMENT COM0041-08 
  

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

 3.2 Escalation: Article 3.3 of the Purchase Agreement is hereby modified to read as follows: 

“3.3 The Basic Price of Aircraft [*****] to Aircraft [*****], Aircraft [*****] and Aircraft [*****] shall be [*****] to the Purchase Agreement. The Basic
Price of Aircraft [*****], Aircraft [*****], Aircraft [*****], Aircraft [*****], Aircraft [*****] and Aircraft [*****] to Aircraft [*****] shall be [*****] attached to this Amendment No.14 which is hereby included in the Purchase Agreement. 

Such price as escalated shall be the Aircraft Purchase Price and it will be provided by Embraer to Buyer [*****] to each Aircraft Contractual Delivery
Date.” 
  

	3.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.14, shall remain in full force and effect without any change. 
  

	4.	COUNTERPARTS 

 This Amendment No.14 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

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

			
	Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 14 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 14 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Artur Coutinho	  	Name:	  	Gerald Blake Lee
	Title:	 	COO – Chief Operating Officer	  	Title:	  	Canela Investments, LLC
		 		  		  	Managing Director
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 December 1st, 2011
	  	Date:	  	 Barueri, December 1st, 2011

	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, Brazil

  

									
	Witness:	 	 /s/ Sandra Boelter de Baslos
	 		 	Witness:	 	 /s/ Priscilla Ferreira Branco

	Name:	 	 Sandra Boelter de Baslos
	 		 	Name:	 	Priscilla Ferreira Branco
		 		 		 	Identidade:	 	12626633-7 - IPP
		 		 		 	CPF:	 	090614607-67

  
  

			
	Amendment No. 14 to Purchase Agreement COM0041-08	  	Page3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

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

 

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

  

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

  

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

 [*****] 

[*****] 
  

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

  

	 	[*****]	

 [*****] 
  

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

  

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

  

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

  

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

			
	Attachment D1 to Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 1 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	 	[*****]	

  

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

  

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

  

	 	[*****]	

 [*****] 
  

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

  

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

  

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

  

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

 [*****] 

[*****] 
  

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

 [*****] 
  

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

			
	Attachment D1 to Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 2 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

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

 

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

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

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

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

  

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

 [*****] 

[*****] 
  

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

			
	Attachment D1 to Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 3 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

ATTACHMENT “D1” 

ESCALATION FORMULA 
 [*****] 

[*****] 
  

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

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

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

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

  

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

			
	Attachment D1 to Amendment No. 14 to Purchase Agreement COM0041-08	  	Page 4 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 15 COM 0021-12 TO PURCHASE AGREEMENT 

COM0041-08 
 This Amendment No. 15 to
Purchase Agreement COM0041-08, dated as of January 20, 2012 (“Amendment No. 15”) relates to the Purchase Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March
11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 15 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”. 

This Amendment No.15 constitutes an amendment and modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the
same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.15 and the Purchase Agreement, this Amendment No.15 shall control. 

WHEREAS, 
 a) Buyer has requested and Embraer is willing to
[*****] the Contractual Delivery Date of the Aircraft #39, #40 and #41; 
 b) In view of the above, Parties have agreed to modify the Aircraft delivery
schedule contained in Article 5.1 of the Purchase Agreement; 
 Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer
and Buyer hereby agree as follows: 
  

	1.	DELIVERY 

 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	32 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	33 (E195)	  	Dec 2011
	 03 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 04 (E195)
	  	Jan 2009	  	35 (E195)	  	Feb 2012
	 05 (E1.95)
	  	Aircraft Terminated	  	36 (E195)	  	Mar 2012
	 06 (E190)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 07 (E190)
	  	May 2009	  	38 (E195)	  	May 2012
	 08 (E190)
	  	Aircraft Terminated	  	39 (E195)	  	Sep 2012
	 09 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 10 (E190)
	  	Jan 2010	  	41 (E195)	  	Nov 2012
	 11 (E195)
	  	May 2010	  	42 (E195)	  	Mar 2013
	 12 (E195)
	  	Jun 2010	  	43 (E195)	  	May 2013

  

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

			
	Amendment No. 15 to Purchase Agreement COM0041-08	  	Page 1 of 3

 Execution version 
  

AMENDMENT No. 15 COM 0021-12 TO PURCHASE AGREEMENT 

COM0041-08 
  

							
	 13 (E195)
	  	Aircraft Terminated	  	44 (E195)	  	Jun 2013
	 14 (E195)
	  	Jul 2010	  	45 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	46 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	47 (E195)	  	Feb 2014
	 17 (E195)
	  	Sep 2010 (*)	  	48 (E195)	  	Mar 2014
	 18 (E195)
	  	Aircraft Terminated (*)	  	49 (El 95)	  	Apr 2014
	 19 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Jun 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Sep 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Oct 2014
	 22 (E195)
	  	Jan 2011	  	53 (E195)	  	Jan 2015 (**)
	 23 (E195)
	  	Aircraft Terminated	  	54 (E195)	  	Mar 2015 (**)
	 24 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Jun 2015 (**)
	 25 (E195)
	  	Apr 2011	  	56 (E195)	  	Sep 2015(**)
	 26 (E195)
	  	Aircraft Terminated	  	57 (E195)	  	Nov 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Feb 2016 (**)
	 28 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Apr 2016 (**)
	 29 (E195)
	  	Oct 2011	  	60 (E195)	  	Jun 2016 (**)
	 30 (E195)
	  	Nov 2011	  	61 (E195)	  	Jul 2016 (**)
	 31 (E195)
	  	Nov 2011	  	62 (E195)	  	Sep 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft 
  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments and Letter Agreements, which are not specifically amended by this Amendment No.15, shall remain in full force and effect without any change. 

 

	3.	COUNTERPARTS 

 This Amendment No.15 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

  
  

			
	Amendment No. 15 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 15 COM 0021-12 TO PURCHASE AGREEMENT 

COM0041-08 
 IN WITNESS WHEREOF, Embraer
and Buyer, by their duly authorized officers, have entered into and executed this Amendment 15 to the Purchase Agreement to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ Gerald B. Lee

	Name:	 	Artur Coutinho	  	Name:	  	Gerald Blake Lee
	Title:	 	COO – Chief Operating Officer	  	Title:	  	Canela Investments, LLC
		 		  		  	Managing Director
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 January 23rd , 2012
	  	Date:	  	 January 20th , 2012

	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, Brazil

  

									
	 	 		 		 	 
		 		 	
	Witness:	 	 /s/ Isabella Brasil Strottmann
	 		 	Witness:	 	 /s/ Aline Munloz Zamora

	Name:	 	 Isabella Brasil Strottmann
	 		 	Name:	 	 Aline Munloz Zamora

		 		 		 	RG:	 	32.485.341-5
		 		 		 	CPF:	 	216.841.928-03

  

  
  

			
	Amendment No. 15 to Purchase Agreement COM0041-08	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 16 to Purchase Agreement COM0041-08, dated as of May 02, 2012 (“Amendment No. 16”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 16 is executed between Embraer and
Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.16 constitutes an amendment and modification to the Purchase
Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.16 and the Purchase Agreement, this Amendment
No.16 shall control. 
 WHEREAS, The Parties desires to implement certain changes to the Aircraft configuration which caused an [*****]. 

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	CHANGES TO THE AIRCRAFT CONFIGURATION 

 [*****] 

[*****] shall be delivered with [*****]. As a consequence, the Basic Price of the Aircraft [*****] shall be increased by [*****]. 

 

	2.	BASIC PRICE CHANGE 

 2.1 Aircraft Basic Price: Due to changes in the Aircraft configuration,
Article 3.1 of the Purchase Agreement is hereby modified to be read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit,
the Aircraft Basic Price as indicated in the table below: 
  

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

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

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

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

  

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

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

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

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

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

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

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

			
	Amendment No. 16 to Purchase Agreement COM0041-08	  	Page 1 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 
  

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

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

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

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

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

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

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

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

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

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

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

  

	3.	INCLUSION OF ATTACHMENT “A1 and E1” 

 A new Attachment “Al” and “E1”
attached to this Amendment No.16 is hereby included in the Purchase Agreement to be read as presented on Exhibit 1 and Exhibit 2 to this Amendment No.16. 
  

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.16, shall remain in full force and effect without any change. 
  

	5.	COUNTERPARTS 

 This Amendment No.16 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

 

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

			
	Amendment No. 16 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 16 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Mauro Kern Junior	  	Name:	  	Canela Investments, LLC
	Title:	 	Executive Vice-President	  	Title:	  	Managing Director
		 	Engineering and Technology	  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 May 4th, 2012
	  	Date:	  	 May 2nd, 2012

	Place:	 	 São José dos Campos, SP, Brazil
	  	Place:	  	 Barueri, SP

  

									
	 	 		 		 	 
		 		 	
	Witness:	 	 /s/ Isabella Brasil Strottman
	 		 	Witness:	 	 /s/ Aline Munhoz Zamora

	Name:	 	Isabella Brasil Strottman	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 	RG:	 	32.485.341-5
		 		 		 	CPF:	 	216.841.928-03

  

  
  

			
	Amendment No. 16 to Purchase Agreement COM0041-08	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT 

 The Aircraft EMBRAER 195 shall be manufactured according to (i) the Technical
Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options selected by Buyer: 

 

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

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 1 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

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

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 2 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
 [*****] 

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 3 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
 [*****] 

 

	3.	FINISHING 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is 

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 4 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and
color scheme. 
  

	3.2	INTERIOR FINISHING: 

 The materials and colours of all and any items of interior
finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain for the Aircraft will be in accordance with Buyer’s choices indicated in the Customer Check List Revision N/C
executed by and among Buyer, Embraer and C&D Zodiac on February 15, 2008. In case of conflict between the CCL and this Attachment A the latter shall control. 

The choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is
different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of Buyer
within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 

 

	3.3	BUYER FURNISHED EQUIPMENT(BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Any BFE materials
shall conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE materials or quality restrictions that prevent the installation thereof in the time frame required by
the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE
equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac —14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place to be timely informed by Embraer. 

The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by the Parties, are not supplied or
installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits, defibrillators and wheelchairs, as well
as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 5 of 6

 CONFIDENTIAL TREATMENT REQUESTED 

Execution version 
  

EXHIBIT 1 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

The taking of any such action by Embraer pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under
the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 

No compensation to Buyer or reduction of the Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and
Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance with such agreement, as the case may be, payable by Buyer upon demand. 

 

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United States
of America law. Transfer or re-export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A1” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A1” SHALL PREVAIL. 

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

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 6 of 6

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

 [*****] 

[*****] 

[*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

 [*****] 

[*****] 
  

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

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

[*****] 

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

[*****] 

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

[*****] 
  

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 1 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

	 	[*****]	

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 2 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 3 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

	 	[*****]	

  

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

  

	 	[*****]	

  

	 	[*****]	

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 4 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 5 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

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

  

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

  

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

  

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

  

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

  

	 	[*****]	

  

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

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 6 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 7 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

	 	[*****]	

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 8 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 2 TO AMENDMENT No. 16 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “E1” 

PERFORMANCE AND WEIGHT GUARANTEE 
  

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

  

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

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

			
	Attachment E1 to Purchase Agreement COM0041-08	  	Page 9 of 9

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 17 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 17 to Purchase Agreement COM0041-08, dated as of July 11, 2012 (“Amendment No. 17”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 17 is executed between Embraer
and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.17 constitutes an amendment and modification to the Purchase
Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.17 and the Purchase Agreement, this Amendment
No.17 shall control. 
 WHEREAS, The Parties desires to implement certain changes to the Aircraft configuration which caused an [*****]. 

Now therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	CHANGE TO THE AIRCRAFT CONFIGURATION 

  

	1.1	Azul E195 – New Logo Jet “Sua arte lá em cima” 

 [*****] shall be delivered painted
with the new logo jet “Sua arte la em cima”. The Basic Price of the affected Aircraft shall be [*****]. 
  

	2.	BASIC PRICE CHANGE 

 2.1 Aircraft Basic Price: Due to changes in the Aircraft configuration,
Article 3.1 of the Purchase Agreement is hereby modified to read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the
Aircraft Basic Price as indicated in the table below: 
  

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

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

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

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

  

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

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

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

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

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

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

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

  

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

			
	Amendment No. 17 to Purchase Agreement COM0041-08	  	Page 1 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 17 TO PURCHASE AGREEMENT COM0041-08 
  

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

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

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

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

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

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

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

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

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

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

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

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

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

  

	3.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 17, shall remain in full force and effect without any change. 
  

	4.	COUNTERPARTS 

 The Amendment No. 17 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

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

			
	Amendment No. 17 to Purchase Agreement COM0041-08	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 17 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment 17 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ David Gary Neeleman

	Name:	 	Artur Coutinho	  	Name:	  	David Gary Neeleman
	Title:	 	COO – Chief Operating Officer	  	Title:	  	President
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	  
	  	Date:	  	  

	Place:	 	  
	  	Place:	  	  

  

									
	 	 		 		 	 
		 		 	
	Witness:	 	 /s/ [Illegible]
	 		 	Witness:	 	 /s/ Aline Munhoz Z.

	Name:	 	[Illegible]	 		 	Name:	 	Aline Munhoz Z.
		 		 		 	RG:	 	32.485.341-5
		 		 		 	CPF:	 	216.841.928-03

  

  
  

			
	Amendment No. 17 to Purchase Agreement COM0041-08	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 18 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 18 to Purchase Agreement COM0041-08, dated as of December 28, 2012 (“Amendment No. 18”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment 18 is executed between Embraer and
Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.18 constitutes an amendment and modification to the Purchase
Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.18 and the Purchase Agreement, this Amendment
No.18 shall control. 
 WHEREAS, the Parties have mutually agreed to [*****] of the Purchase Right Aircraft. 

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	CHANGE TO PURCHASE RIGHT AIRCRAFT 

  

	1.1	Article 22.3 of the Purchase Agreement is hereby modified as follows: 

 “22.3 In case Embraer has not
received Exercise Notices for all Purchase Right Aircraft on or before [*****] Buyer shall be deemed to have relinquished its right to acquire any unexercised Purchase Right Aircraft. The Exercise Notice shall specify the desirable delivery month
for the Purchase Right Aircraft that Buyer intends to firm-up. The contractual delivery date for any Purchase Right Aircraft (“Purchase Right Aircraft Contractual Delivery Date”) shall be no later than [*****].” 

 

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.18, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No.18 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 
  

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

			
	Amendment No. 18 to Purchase Agreement COM0041-08	  	Page 1 of 2

 Execution version 
  

AMENDMENT No. 18 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 18 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Flávío Rímoli
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Flávío Rímoli	  	Name:	  	John Peter Rodgerson
	Title:	 	Executive Vice President	  	Title:	  	President
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 January 31st, 2013
	  	Date:	  	 October 28th, 2012

	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, SP

  

									
	 	 		 		 	 
		 		 	
	Witness:	 	 /s/ [Illegible]
	 		 	Witness:	 	 /s/ Aline Munhoz Zamora

	Name:	 	 [Illegible]
	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 	RG:	 	32.485.341-5
		 		 		 	CPF:	 	216.841.928-03

  

  
  

			
	Amendment No. 18 to Purchase Agreement COM0041-08	  	Page 2 of 2

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No.19 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 19 to Purchase Agreement COM0041-08, dated as of April 9, 2013 (“Amendment No. 19”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 19 is executed
between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.19 constitutes an amendment and modification to
the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.19 and the Purchase Agreement, this
Amendment No.19 shall control. 
 WHEREAS, Buyer decided to purchase [*****] E195 Aircraft pursuant to the Purchase Agreement. 

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	SUBJECT 

 1.1 Article 2.1 of the Purchase Agreement is hereby modified to read as follows: 

“2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190 Aircraft.” 

 

	2.	BASIC PRICE CHANGE 

 2.1 Due to changes in the Aircraft configuration, Article 3.1 of the Purchase
Agreement is hereby modified to read as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
  

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

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

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

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

  

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

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

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

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

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

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

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

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

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.19 to Purchase Agreement COM0041-08

COM0068-13
	  	Page 1 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No.19 TO PURCHASE AGREEMENT COM0041-08 
  

					
	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

	 [*****]
	 	 [*****]
	 	 [*****]

  

	3.	DELIVERY 

 3.1 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Mar 2013
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.19 to Purchase Agreement COM0041-08

COM0068-13
	  	Page 2 of 4

 Execution version 
  

AMENDMENT No.19 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Jun 2013
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013
	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Feb 2014
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Mar 2014
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Apr 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Jun 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Sep 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Oct 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Jan 2015 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Mar 2015 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Jun 2015 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Sep 2015(**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Nov 2015 (**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Feb 2016 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Apr 2016 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Jun 2016 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Jul 2016 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Sep 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft 
  

	4.	CHANGE TO THE ATTACHMENT “D1” 

 As a result of the changes referred to above, Attachment
“D1” (Escalation Formula) to the Purchase Agreement are hereby deleted and replaced with new Attachment “D1” to this Amendment No.19. 
  

	5.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.19, shall remain in full force and effect without any change. 
  

	6.	COUNTERPARTS 

 This Amendment No.19 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

  
  

			
	 Amendment No.19 to Purchase Agreement COM0041-08

COM0068-13
	  	Page 3 of 4

 Execution version 
  

AMENDMENT No.19 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 19 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	EMBRAER S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Flavio Rimoli
	  	By:	  	 /s/ John Rodgerson

	Name:	 	Flavio Rimoli	  	Name:	  	John Rodgerson
	Title:	 	Executive Vice-President	  	Title:	  	Managing Director
		 	Corporate Services	  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  		  	
	Name:	 	Mauro Kern Junior	  		  	
	Title:	 	Executive Vice-President	  		  	
		 	Engineering & Technology	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 April 9, 2013
	  	Date:	  	 April 9, 2013

	Place:	 	 São José dos Campos – SP Brazil
	  	Place:	  	 São José dos Campos – SP Brazil

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Fabiola Neri Tocci Moreira
	 		 	 /s/ Aline Munhoz Zamora

	Name:	 	Fabiola Neri Tocci Moreira	 		 	Name:	 	Aline Munhoz Zamora
	ID:	 		 		 	ID:	 	
		 		 		 		 	

  

  
  

			
	 Amendment No.19 to Purchase Agreement COM0041-08

COM0068-13
	  	Page 4 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT 19 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	[*****]	

  

	[*****]	

 [*****] 
  

	[*****]	

  

	[*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

 [*****] 

 

	[*****]	

  

	[*****]	[*****] 

  

	 	[*****]	

  

	[*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment D1 to Amendment No.14 to the Purchase Agreement COM0041-08	  	Page 1 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT 19 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	

  

	[*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	

  

	[*****]	

  

	[*****]	

  

	[*****]	

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment D1 to Amendment No.14 to the Purchase Agreement COM0041-08	  	Page 2 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT 19 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	[*****]	

  

	[*****]	

  

	[*****]	

  

			
	 [*****]
	  	[*****]
	 [*****]
	  	 [*****]
 [*****]

	 [*****]
	  	 [*****]
 [*****]

	 [*****]
	  	 [*****]
 [*****] BP

  

	[*****]	

  

	[*****]	

  

	[*****]	

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment D1 to Amendment No.14 to the Purchase Agreement COM0041-08	  	Page 3 of 4

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT 19 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “D1” 

ESCALATION FORMULA 
  

	[*****]	

  

	[*****]	

  

			
	 [*****]
	  	[*****]
	 [*****]
	  	 [*****]
 [*****]

	 [*****]
	  	 [*****]
 [*****]

	 [*****]
	  	 [*****]
 [*****]

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment D1 to Amendment No.14 to the Purchase Agreement COM0041-08	  	Page 4 of 4

 AMENDMENT No.20 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No.20 to Purchase Agreement COM0041-08, dated as of May 29th, 2013 (“Amendment No. 20”) relates to the Purchase Agreement
COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 20 is executed between Embraer
and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No.20 constitutes an amendment and modification to the Purchase
Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No.20 and the Purchase Agreement, this Amendment
No.20 shall control. 
 WHEREAS, Buyer and Embraer have agreed to change the Contractual Delivery Month of certain Aircraft. 

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	DELIVERY 

 1.1 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Mar 2013
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Jun 2013
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013

  

  
  

			
	 Amendment No.20 to Purchase Agreement COM0041-08

COM0339-13
	  	Page 1 of 3

 AMENDMENT No.20 TO PURCHASE AGREEMENT COM0041-08 

 

							
	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Jun 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Jan 2015 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Mar 2015 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Jun 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Sep 2015(**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Nov 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Feb 2016 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Apr 2016 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Jun 2016 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Jul 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft 
  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No.20, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No.20 may be signed by the Parties in any number of separate counterparts
with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	 Amendment No.20 to Purchase Agreement COM0041-08

COM0339-13
	  	Page 2 of 3

 AMENDMENT No.20 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No.20 to the Purchase Agreement to be
effective as of the date first written above. 
  

							
	EMBRAER S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Arthur Coutinho
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Arthur Coutinho	  	Name:	  	John Peter Rodgerson
	Title:	 	COO–Chief Operating Officer	  	Title:	  	Managing Director
		 		  		  	
		 		  		  	
	By:	 	 /s/ José Luis D’Avilla Molina
	  		  	
	Name:	 	José Luis D’Avilla Molina	  		  	
	Title:	 	Vice President, Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 June 14, 2013
	  	Date:	  	 May 29, 2013

	Place:	 	 São José dos Campos – SP
	  	Place:	  	 Barueri, SP, BR

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Fabiola Neri Moreira
	 		 	 /s/ Flavia Ferreira da Silva

	Name:	 	Fabiola Neri Moreira	 		 	Name:	 	Flavia Ferreira da Silva
	ID:	 	33.734.989-7	 		 	ID:	 	RG 35.356.897-1 SSP-SP
		 		 		 		 	

  

  
  

			
	 Amendment No.20 to Purchase Agreement COM0041-08

COM0339-13
	  	Page 3 of 3

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 21 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 21 to Purchase Agreement COM0041-08, dated as of June 26th , 2013 (“Amendment No. 21”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 21 is executed
between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No. 21 constitutes an amendment and
modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No. 21 and the
Purchase Agreement, this Amendment No. 21 shall control. 
 WHEREAS, The Parties have entered into a [*****] with respect to the Aircraft #45. 

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	SUBJECT 

 1.1 Article 2.1 of the Purchase Agreement is hereby modified to read as follows: “2.1
Embraer shall sell and deliver and Buyer shall purchase and take delivery of [*****] E195 Aircraft and [*****] E190 Aircraft.” 
  

	2.	DELIVERY 

 2.1 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Aircraft Terminated
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No. 21 to Purchase Agreement COM0041-08

COM0353-13
	  	Page 1 of 3

 Execution version 
  

AMENDMENT No. 21 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Aircraft Terminated
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013
	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Jun 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Jan 2015 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Mar 2015 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Jun 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Sep 2015(**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Nov 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Feb 2016 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Apr 2016 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Jun 2016 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Jul 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft” 
  

	3.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 21, shall remain in full force and effect without any change. 
  

	4.	COUNTERPARTS 

 This Amendment No. 21 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 
  

  
  

			
	 Amendment No. 21 to Purchase Agreement COM0041-08

COM0353-13
	  	Page 2 of 3

 AMENDMENT No. 21 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 21 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Artur Coutinho	  	Name:	  	John Peter Rodgerson
	Title:	 	COO–Chief Operating Officer	  	Title:	  	Managing Director
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 June 26, 2013
	  	Date:	  	 June 26, 2013

	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, SP

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Fabiola Neri Tocci Moreira
	 		 	 /s/ Aline Munhoz Zamora

	Name:	 	Fabiola Neri Tocci Moreira	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 		 	
		 		 		 		 	

  

  
  

			
	 Amendment No. 21 to Purchase Agreement COM0041-08

COM0353-13
	  	Page 3 of 3

 Execution version 
  

AMENDMENT No. 22 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 22 to Purchase Agreement COM0041-08, dated as of March 13, 2014 (“Amendment No. 22”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 22 is executed
between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No. 22 constitutes an amendment and
modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No. 22 and the
Purchase Agreement, this Amendment No. 22 shall control. 
 WHEREAS, Buyer and Embraer have agreed to accelerate the Contractual Delivery Month of
certain Aircraft. 
 Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	DELIVERY 

 1.1 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Aircraft Terminated
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Aircraft Terminated
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013

  

  
  

			
	 Amendment No. 22 to Purchase Agreement COM0041-08

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 Execution version 
  

AMENDMENT No. 22 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Jun 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Dec 2014 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Mar 2015 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Jun 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Sep 2015(**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Nov 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Feb 2016 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Apr 2016 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Jun 2016 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Jul 2016 (**)

 (*) Five New E195 
 (**)
Additional Firm Aircraft” 
  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 22, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No. 22 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 
  

  
  

			
	 Amendment No. 22 to Purchase Agreement COM0041-08

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	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 22 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 22 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Arthur Coutinho
	  	By:	  	 /s/ Alexandre Wagner Malfitani

	Name:	 	Arthur Coutinho	  	Name:	  	Alexandre Wagner Malfitani
	Title:	 	COO–Chief Operating Officer	  	Title:	  	Attorney In Fact
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 March 14, 2014
	  	Date:	  	 March 13, 2014

	Place:	 	 São José dos Campos, SP, BR
	  	Place:	  	 Barueri, SP

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Isabella Brasil Strottmann
	 		 	 /s/ Aline Munhoz Zamora

	Name:	 	Isabella Brasil Strottmann	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 		 	
		 		 		 		 	

  

  
  

			
	 Amendment No. 22 to Purchase Agreement COM0041-08

COM0107-14
	  	Page 3 of 3

 Execution version 
  

AMENDMENT No. 23 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 23 to Purchase Agreement COM0041-08, dated as of April 1, 2014 (“Amendment No. 23”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 23 is executed
between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No. 23 constitutes an amendment and
modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No. 23 and the
Purchase Agreement, this Amendment No. 23 shall control. 
 WHEREAS, Buyer and Embraer have agreed to accelerate the Contractual Delivery Month of
certain Aircraft. 
 Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	DELIVERY 

  

	1.1	Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

 “5.1 Subject to payment
in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection, acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of
São Paulo, Brazil, according to the following schedule: 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Aircraft Terminated
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Aircraft Terminated
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013

  
  

			
	 Amendment No. 23 to Purchase Agreement COM0041-08

COM0150-14
	  	Page 1 of 3

 Execution version 
  

AMENDMENT No. 23 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Jun 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Dec 2014 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Dec 2014 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Jun 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Sep 2015(**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Nov 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Feb 2016 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Apr 2016 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Jun 2016 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Jul 2016 (**)

  

	(*)	Five New E195 

	(**)	Additional Firm Aircraft” 

  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 23, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No. 23 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	 Amendment No. 23 to Purchase Agreement COM0041-08

COM0150-14
	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 23 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 23 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ Alexandre Wagner Malfitani

	Name:	 	Mauro Kern Junior	  	Name:	  	Alexandre Wagner Malfitani
	Title:	 	 Executive Vice-President,
 Engineering and
Technology
	  	Title:	  	Attorney In Fact
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Date:	 	 April 2, 2014
	  	Date:	  	 April 1, 2014

	Place:	 	 São José dos Campos, SP, BR
	  	Place:	  	 Barueri, SP

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Isabella Brasil Strottmann
	 		 	 /s/ Aline Munhoz Zamora

	Name:	 	Isabella Brasil Strottmann	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 		 	
		 		 		 		 	

  
  

			
	 Amendment No. 23 to Purchase Agreement COM0041-08

COM0150-14
	  	Page 3 of 3

 Execution version 
  

AMENDMENT No. 24 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 24 to Purchase Agreement COM0041-08, dated as of April 29, 2014 (“Amendment No. 24”) relates to the Purchase
Agreement COM0041-08 between Embraer S.A. (“Embraer”) and Canela Investments LLC (“Buyer”) dated March 11, 2008 as amended from time to time (the “Purchase Agreement”). This Amendment No. 24 is executed
between Embraer and Buyer, collectively referred to herein as the “Parties”. 
 This Amendment No. 24 constitutes an amendment and
modification to the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No. 24 and the
Purchase Agreement, this Amendment No. 24 shall control. 
 WHEREAS, Buyer and Embraer have agreed to accelerate the Contractual Delivery Month of
certain Aircraft. 
 Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and Buyer hereby agree as follows: 

 

	1.	DELIVERY 

 1.1 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

“5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012
	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Aircraft Terminated
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Aircraft Terminated
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013

  
  

			
	 Amendment No.24 to Purchase Agreement COM0041-08

COM0189-14
	  	Page 1 of 3

 Execution version 
  

AMENDMENT No. 24 TO PURCHASE AGREEMENT COM0041-08 
  

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated(*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated(*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated(*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated(*)	  	53 (E195)	  	Jun 2014
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Dec 2014 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Dec 2014 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Apr 2015 (**)
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Jun 2015(**)
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Jul 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Oct 2015 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Nov 2015 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Nov 2015 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Dec 2015 (**)

  

	(*)	Five New E195 

	(**)	Additional Firm Aircraft” 

  

	2.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referred Purchase
Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 24, shall remain in full force and effect without any change. 
  

	3.	COUNTERPARTS 

 This Amendment No. 24 may be signed by the Parties in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
  

			
	 Amendment No.24 to Purchase Agreement COM0041-08

COM0189-14
	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 24 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 24 to the Purchase Agreement
to be effective as of the date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Mauro Kern Junior	  	Name:	  	John Peter Rodgerson
	Title:	 	 Executive Vice-President,
 Engineering and
Technology
	  	Title:	  	Attorney In Fact
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	

  

									
	 WITNESS:
	 		 		 	 WITNESS:

		 		 	
	 /s/ Isabella Brasil Strottmann
	 		 	 /s/ Aline Munhoz Zamora

	Name:	 	Isabella Brasil Strottmann	 		 	Name:	 	Aline Munhoz Zamora
		 		 		 		 	
		 		 		 		 	

  
  

			
	 Amendment No.24 to Purchase Agreement COM0041-08

COM0189-14
	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 25 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 25 (the “Amendment No.25”) dated as of May 23, 2014 is between Embraer S.A. (“Embraer”) and Canela
Investments LLC (“Buyer”), collectively referred to herein as the “Parties”, and constitutes an amendment and modification to Purchase Agreement COM0041-08 dated March 11, 2008 as amended from time to time (the “Purchase
Agreement”). 
 All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement
and in case of any conflict between this Amendment No. 25 and the Purchase Agreement, this Amendment No. 25 shall control. 
 WHEREAS, the
Parties have agreed to modify certain items of the Aircraft specific configuration; 
 NOW, THEREFORE, for good and valuable consideration, which is hereby
acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	CONFIGURATION CHANGES TO THE AIRCRAFT 

 [*****] 

Azul has requested Embraer to install from factory the option equipment [*****] in the [*****]. In addition, the current [*****] will be removed from the
configuration since it’s functionalities is already included on the [*****]. 
 As a consequence of the changes described above, the weight of the
[*****] will be increased by [*****]. 
 As a result of the changes described in this Article 1, the Aircraft Basic Price of the [*****] shall be [*****].

  

	2.	PRICE 

 As a result of the changes referred to in Article 1 above, Article 3.1 of the Purchase Agreement
is hereby deleted and replaced as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
 [*****] 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.25 to PA COM0041-08

COM0246-14
	  	Page 1 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 25 TO PURCHASE AGREEMENT COM0041-08 
  

	 	[*****]	

  

	3.	ATTACHMENT CHANGE 

 As a result of the changes referred to in Article 1 above, the Attachment A1 to the
Purchase Agreement is hereby deleted and replaced in its entirety by the Attachment A1 to this Amendment No. 25, which shall be deemed to be Attachment A1 for all purposes under the Purchase Agreement. 

 

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referenced Purchase
Agreement, as well as its related Attachments, which are not specifically modified by this Amendment No. 25 shall remain in full force and effect without any change. 
  

	5.	COUNTERPARTS 

 This Amendment No. 25 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

This Amendment No. 25 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.25 to PA COM0041-08

COM0246-14
	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 25 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 25 to be effective as of the
date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern Junior
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Mauro Kern Junior	  	Name:	  	John Peter Rodgerson
	Title:	 	 Executive Vice-President,
 Engineering and
Technology
	  	Title:	  	Attorney in Fact
		 		  		  	
		 		  		  	
	By:	 	 /s/ Jose Luis D’Avila Molina
	  		  	
	Name:	 	Jose Luis D’Avila Molina	  		  	
	Title:	 	Vice President Contracts	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Place:	 	São José dos Campos, SP, Brasil	  	Place:	  	Barueri, SP

  
  

			
	 Amendment No.25 to PA COM0041-08

COM0246-14
	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 26 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 26 (the “Amendment No.26”) dated as of July 30, 2014 is between Embraer S.A. (“Embraer”) and Canela
Investments LLC (“Buyer”), collectively referred to herein as the “Parties”, and constitutes an amendment and modification to Purchase Agreement COM0041-08 dated March 11, 2008 as amended from time to time (the “Purchase
Agreement”). 
 All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement
and in case of any conflict between this Amendment No. 26 and the Purchase Agreement, this Amendment No. 26 shall control. 
 WHEREAS, the
Parties have agreed to modify certain items of the Aircraft specific configuration; 
 NOW, THEREFORE, for good and valuable consideration, which is hereby
acknowledged by the Parties, Embraer and Buyer agree as follows: 
  

	1.	CONFIGURATION CHANGES TO THE AIRCRAFT 

 [*****] 

Azul has requested Embraer to install from factory a modified [*****], replacing the [*****] by a [*****] with effectivity as of the [*****]. 

As a consequence of the changes described above, the weight of the [*****] will be increased by [*****]. 

As a result of the changes described in this Article 1, the Aircraft Basic Price of the [*****] shall be [*****]. 

 

	2.	PRICE 

 As a result of the changes referred to in Article 1 above, Article 3.1 of the Purchase Agreement
is hereby deleted and replaced as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
 [*****] 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.26 to PA COM0041-08

COM0348-14
	  	Page 1 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

AMENDMENT No. 26 TO PURCHASE AGREEMENT COM0041-08 

[*****] 
  

	3.	ATTACHMENT CHANGE 

 As a result of the changes referred to in Article 1 above, the Attachment A1 to the
Purchase Agreement is hereby deleted and replaced in its entirety by the Attachment A1 to this Amendment No. 26, which shall be deemed to be Attachment A1 for all purposes under the Purchase Agreement. 

 

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referenced Purchase
Agreement, as well as its related Attachments, which are not specifically modified by this Amendment No. 
 26 shall remain in full force and effect without
any change. 
  

	5.	COUNTERPARTS 

 This Amendment No. 26 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

This Amendment No. 26 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No.26 to PA COM0041-08

COM0348-14
	  	Page 2 of 3

 Execution version 
  

AMENDMENT No. 26 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 26 to be effective as of the
date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Artur Coutinho
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Artur Coutinho	  	Name:	  	John Peter Rodgerson
	Title:	 	COO-Chief Operating Officer	  	Title:	  	Managing Director
		 		  		  	
		 		  		  	
	By:	 	 /s/ Adriana Sarlo
	  		  	
	Name:	 	Adriana Sarlo	  		  	
	Title:	 	Vice President, Contracts,	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Place:	 	 São José dos Campos, SP
	  	Place:	  	 Barueri, SP

  
  

			
	 Amendment No.26 to PA COM0041-08

COM0348-14
	  	Page 3 of 3

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT No.26 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

	1.	STANDARD AIRCRAFT: 

 The Aircraft EMBRAER 195 shall be manufactured according to (i) the Technical
Description [*****] dated as of November 2007 which although not attached hereto, are incorporated herein by reference, and (ii) the characteristics described in the items below. 

 

	2.	OPTIONAL EQUIPMENT: 

 The Aircraft will also be fitted with the following options selected by Buyer: 

 

			
	 ITEM
	  	 EQUIPMENT

	 [*****]
	  	 [*****]

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 1 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT No.26 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
  

			
	 ITEM
	  	 EQUIPMENT

	 [*****]
	  	 [*****]

 [*****] 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 2 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT No.26 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 
 [*****] 

 

	3.	FINISHING: 

 The Aircraft will be delivered to Buyer as follows: 

 

	3.1	EXTERIOR FINISHING: 

 The fuselage of the Aircraft shall be painted according to
Buyer’s color and paint scheme, which shall be supplied to Embraer by Buyer on or before [*****] prior to the first Aircraft contractual delivery date. The wings and the horizontal stabilizer shall be supplied in the standard colors, i.e., grey
BAC707. 
 Once defined, the choices of color and paint scheme made by Buyer shall apply to all Aircraft. If Buyer requires a color and
paint scheme for any Aircraft that is different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the
relevant quotation to the approval of Buyer within [*****] from the date such request is 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 3 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT No.26 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

received by Embraer. Should Buyer not approve the quotation, the relevant Aircraft shall be painted in according to the original paint and
color scheme. 
  

	3.2	INTERIOR FINISHING: 

 The materials and colours of all and any items of interior
finishing such as seat covers, carpet, floor lining on galley areas, side walls and overhead lining, galley lining and curtain for the Aircraft will be in accordance with Buyer’s choices indicated in the Customer Check List Revision N/C
executed by and among Buyer, Embraer and C&D Zodiac on February 15, 2008. In case of conflict between the CCL and this Attachment A the latter shall control. 

The choices of interior finishing made by Buyer shall apply to all Aircraft. If Buyer requires an interior finishing for any Aircraft that is
different from the original one informed to Embraer, Buyer shall present a written request to Embraer not less than [*****] prior to the relevant Aircraft contractual delivery date and Embraer will submit the relevant quotation to the approval of
Buyer within [*****] from the date such request is received by Embraer. Should Buyer not approve the quotation, the interior of relevant Aircraft shall be built according to the original choice of Buyer. 

 

	3.3	BUYER FURNISHED EQUIPMENT (BFE) AND BUYER INSTALLED EQUIPMENT (BIE): 

 Any BFE materials
shall conform to the required standards and comply with all applicable regulations and airworthiness requirements. Delays in the delivery of BFE materials or quality restrictions that prevent the installation thereof in the time frame required by
the Aircraft manufacturing process shall entitle Embraer to either delay the delivery of the Aircraft or present the Aircraft to Buyer without such BFE, in which case Buyer shall not be entitled to refuse acceptance of the Aircraft. All BFE
equipment shall be delivered in DDP conditions (Incoterms 2000) to C&D Zodiac – 14 Centerpointe Drive, La Palma, CA 90623, USA, or to another place to be timely informed by Embraer. 

The Aircraft galleys have space provisions for the following BIE items that, unless timely agreed by the Parties, are not supplied or
installed by Embraer: Trolleys, ovens, coffee makers, hot jugs and standard units. 
 Medical kits, defibrillators and wheelchairs, as well
as any other equipment classified as medical or pharmaceutical products, shall be BIE items. 
  

	3.4	EMBRAER RIGHT TO PERFORM FOR BUYER: 

 If Buyer fails to make any choice or definition
which Buyer is required to make regarding the exterior and interior finishing of any Aircraft or to inform Embraer thereof, Embraer shall have the right, but not the obligation, to tender the Aircraft for delivery (a) painted white and
(b) fitted with an interior finishing selected by Embraer at its reasonable discretion. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 4 of 5

 Execution version 

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 1 TO AMENDMENT No.26 TO PURCHASE AGREEMENT COM0041-08 

ATTACHMENT “A1” 

AIRCRAFT CONFIGURATION 

The taking of any such action by Embraer pursuant to this Article shall not constitute a waiver or release of any obligation of Buyer under
the Purchase Agreement, nor a waiver of any event of default which may arise out of Buyer’s nonperformance of such obligation, nor an election or waiver by Embraer of any remedy or right available to Embraer under the Purchase Agreement. 

No compensation to Buyer or reduction of the Aircraft Offer Price shall be due by virtue of the taking of any such actions by Embraer and
Embraer shall be entitled to charge Buyer for the amount of the reasonable expenses of Embraer incurred in connection with the performance of or compliance with such agreement, as the case may be, payable by Buyer upon demand. 

 

	4.	REGISTRATION MARKS, TRANSPONDER AND ELT CODES: 

 The Aircraft shall be delivered to Buyer
with the registration marks painted on them. The registration marks, the transponder code and ELT protocol coding shall be supplied to Embraer by Buyer no later than [*****] before each relevant Aircraft contractual delivery date. Embraer shall be
entitled to tender the Aircraft for delivery to Buyer without registration marks, with an inoperative transponder and without setting the ELT protocol coding in case Buyer fails to supply such information to Embraer in due time. 

 

	5.	EXPORT CONTROL ITEMS: 

 The Aircraft contains (i) an [*****] manufactured by [*****]
with an embedded [*****] used for emergency backup and flight safety information, [*****] and (ii) [*****] manufactured by [*****]. The [*****] and the [*****] that are incorporated into this Aircraft are subject to export control under United
States of America law. Transfer or re-export of such items (whether or not incorporated into the Aircraft), as well as their related technology and software may require prior authorization from the US Government. 

IT IS HEREBY AGREED AND UNDERSTOOD BY THE PARTIES THAT IF THERE IS ANY CONFLICT BETWEEN THE TERMS OF THIS ATTACHMENT “A1” AND THE TERMS OF THE
TECHNICAL DESCRIPTION ABOVE REFERRED, THE TERMS OF THIS ATTACHMENT “A1” SHALL PREVAIL. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	Attachment A1 to Purchase Agreement COM0041-08	  	Page 5 of 5

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 27 TO PURCHASE AGREEMENT COM0041-08 

This Amendment No. 27 (the “Amendment No. 27”) dated as of September 26, 2015 is between Embraer S.A. (“Embraer”) and
Canela Investments LLC (“Buyer”), collectively referred to herein as the “Parties”, and constitutes an amendment and modification to Purchase Agreement, COM0041-08 dated March 11, 2008 as amended from time to time (the
“Purchase Agreement”). 
 All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the
Purchase Agreement and in case of any conflict between this Amendment No. 27 and the Purchase Agreement, this Amendment No. 
 27 shall control. 

WHEREAS, the Parties have agreed to modify certain items of the Aircraft specific configuration; 

NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows: 

 

	1.	CONFIGURATION CHANGES TO THE AIRCRAFT 

  

	1.1	[*****] 

  

	[*****]	

  

	2.	PRICE 

 As a result of the changes referred to in Article 1 above, Article 3.1 of the Purchase Agreement
is hereby deleted and replaced as follows: 
 “3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as
indicated in the table below: 
 [*****] 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No. 27 to PA COM0041-08

COM0564-15
	  	Page 1 of 4

 CONFIDENTIAL TREATMENT REQUESTED 

 
 AMENDMENT No. 27 TO PURCHASE AGREEMENT COM0041-08 

[*****] 
  

	3.	DELIVERY 

 Article 5.1 of the Purchase Agreement is hereby modified to read as follows: 

5.1 Subject to payment in accordance with Article 4 and the provisions of Articles 7 and 9, Embraer shall offer the Aircraft to Buyer for inspection,
acceptance and subsequent delivery in FAF condition, at Embraer premises in São José dos Campos, State of São Paulo, Brazil, according to the following schedule: 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 01 (E195)
	  	Nov 2008	  	33 (E195)	  	Dec 2011
	 02 (E195)
	  	Dec 2008	  	34 (E195)	  	Jan 2012
	 03 (E195)
	  	Dec 2008	  	35 (E195)	  	Feb 2012
	 04 (E195)
	  	Jan 2009	  	36 (E195)	  	Mar 2012
	 05 (E195)
	  	Aircraft Terminated	  	37 (E195)	  	Apr 2012
	 06 (E190)
	  	Aircraft Terminated	  	38 (E195)	  	May 2012
	 07 (E190)
	  	May 2009	  	39 (E195)	  	Sep 2012
	 08 (E190)
	  	Aircraft Terminated	  	40 (E195)	  	Oct 2012

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

			
	 Amendment No. 27 to PA COM0041-08

COM0564-15
	  	Page 2 of 4

 AMENDMENT No. 27 TO PURCHASE AGREEMENT COM0041-08 

 

							
	 Aircraft #
	  	 Contractual Delivery Date
	  	 Aircraft #
	  	 Contractual Delivery Date

	 09 (E190)
	  	Aircraft Terminated	  	41 (E195)	  	Nov 2012
	 10 (E190)
	  	Jan 2010	  	42 (E195)	  	Aircraft Terminated
	 11 (E195)
	  	May 2010	  	43 (E195)	  	May 2013
	 12 (E195)
	  	Jun 2010	  	44 (E195)	  	Jun 2013
	 13 (E195)
	  	Aircraft Terminated	  	45 (E195)	  	Aircraft Terminated
	 14 (E195)
	  	Jul 2010	  	46 (E195)	  	Oct 2013
	 15 (E195)
	  	Aug 2010	  	47 (E195)	  	Nov 2013
	 16 (E195)
	  	Aug 2010	  	48 (E195)	  	Nov 2013
	 17 (E195)
	  	Sep 2010 (*)	  	49 (E195)	  	Dec 2013
	 18 (E195)
	  	Aircraft Terminated (*)	  	50 (E195)	  	Dec 2013
	 19 (E195)
	  	Aircraft Terminated (*)	  	51 (E195)	  	Mar 2014
	 20 (E195)
	  	Aircraft Terminated (*)	  	52 (E195)	  	Apr 2014
	 21 (E195)
	  	Aircraft Terminated (*)	  	53 (E195)	  	Aircraft Terminated
	 22 (E195)
	  	Jan 2011	  	54 (E195)	  	Sep 2014
	 23 (E195)
	  	Aircraft Terminated	  	55 (E195)	  	Oct 2014 (**)
	 24 (E195)
	  	Aircraft Terminated	  	56 (E195)	  	Dec 2014 (**)
	 25 (E195)
	  	Apr 2011	  	57 (E195)	  	Dec 2014 (**)
	 26 (E195)
	  	Aircraft Terminated	  	58 (E195)	  	Aircraft Terminated
	 27 (E195)
	  	Aircraft Terminated	  	59 (E195)	  	Aircraft Terminated
	 28 (E195)
	  	Aircraft Terminated	  	60 (E195)	  	Jul 2015 (**)
	 29 (E195)
	  	Oct 2011	  	61 (E195)	  	Oct 2015 (**)
	 30 (E195)
	  	Nov 2011	  	62 (E195)	  	Nov 2015 (**)
	 31 (E195)
	  	Nov 2011	  	63 (E195)	  	Nov 2015 (**)
	 32 (E195)
	  	Dec 2011	  	64 (E195)	  	Dec 2015 (**)

  

	(*)	Five New E195 

	(**)	Additional Firm Aircraft” 

  

	4.	REINSTATEMENT OF PURCHASE AGREEMENT 

 All other provisions and conditions of the referenced Purchase
Agreement, as well as its related Attachments, which are not specifically modified by this Amendment No. 27 shall remain in full force and effect without any change. 
  

	5.	COUNTERPARTS 

 This Amendment No. 27 may be signed by the Parties hereto in any number of separate
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. 

This Amendment No. 27 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier. 

  
  

			
	 Amendment No. 27 to PA COM0041-08

COM0564-15
	  	Page 3 of 4

 AMENDMENT No. 27 TO PURCHASE AGREEMENT COM0041-08 

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 27 to be effective as of the
date first written above. 
  

							
	Embraer S.A.	  	Canela Investments LLC
		  		  	
		 		  		  	
	By:	 	 /s/ Mauro Kern
	  	By:	  	 /s/ John Peter Rodgerson

	Name:	 	Mauro Kern	  	Name:	  	John Peter Rodgerson
	Title:	 	COO-Chief Operating Officer	  	Title:	  	Managing Director
		 		  		  	
		 		  		  	
	By:	 	 /s/ Adriana Sarlo
	  		  	
	Name:	 	Adriana Sarlo	  		  	
	Title:	 	Vice President, Contracts,	  		  	
		 	Commercial Aviation	  		  	
		 		  		  	
		 		  		  	
	Place:	 	 S. J. Campos-SP-Brazil
	  	Place:	  	 Barueri, SP-Brazil

  
  

			
	 Amendment No. 27 to PA COM0041-08

COM0564-15
	  	Page 4 of 4EX-10.2

 Execution version 
  

Exhibit 10.2 

CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY 

Confidential Treatment has been requested for portions of this Exhibit. Confidential 

portions of this Exhibit are designated by [*****]. A complete version of this Exhibit has 

been filed separately with the Securities and Exchange Commission. 

SALE AND PURCHASE CONTRACT DATED 14TH DECEMBER 2010 

BETWEEN 
 AVIONS DE TRANSPORT
REGIONAL 
 as Seller 
 AND 

CANELA INVESTMENTS LLC 
 as Buyer

 IN RESPECT OF 
 TWENTY
(20) FIRM ATR 72-600 AIRCRAFT 
 PLUS 

TWENTY (20) OPTION ATR 72-600 AIRCRAFT 

  

					
		  		  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
 ATR 72-600 SALE AND PURCHASE CONTRACT 

CONTENTS 
  

							
	 	  	 	  	Page	 
	1 -	  	DEFINITIONS AND INTERPRETATION	  	 	-5	- 
	2 -	  	SALE AND PURCHASE 	  	 	-13	- 
	3 -	  	SPECIFICATION CHANGES 	  	 	-15	- 
	4 -	  	CERTIFICATION & REGULATORY CHANGES 	  	 	-17	- 
	5 -	  	AIRCRAFT PRICE	  	 	-20	- 
	6 -	  	TERMS OF PAYMENT	  	 	-24	- 
	7 -	  	[*****]	  	 	-28	- 
	8 -	  	PLANT REPRESENTATIVES – INSPECTION 	  	 	-29	- 
	9 -	  	FIRM AIRCRAFT SUPPLY PROGRAM	  	 	-31	- 
	10 -	  	AIRCRAFT ACCEPTANCE PROCEDURE 	  	 	-33	- 
	11 -	  	TRANSFER OF TITLE, COLLECTION AND FERRY	  	 	-36	- 
	12 -	  	EXCUSABLE DELAY	  	 	-37	- 
	13 -	  	INEXCUSABLE DELAY	  	 	-39	- 
	14 -	  	INSURANCE AND INDEMNITY 	  	 	-41	- 
	15 -	  	BUYER SPECIFIED EQUIPMENT AND INFORMATION	  	 	-42	- 
	16 -	  	CUSTOMER SUPPORT SERVICES, GUARANTEES AND WARRANTIES	  	 	-44	- 
	17 -	  	OPTION AIRCRAFT & ADDITIONAL AIRCRAFT	  	 	-46	- 
	18 -	  	SUPPLY OF INTERIM CAPACITY	  	 	-47	- 
	19 -	  	MISCELLANEOUS 	  	 	-51	- 
	20 -	  	TAXES	  	 	-52	- 
	21 -	  	PATENT INDEMNITY	  	 	-53	- 
	22 -	  	TERMINATION	  	 	-55	- 
	23 -	  	TERMINATION PROCEDURE	  	 	-57	- 
	24 -	  	CONFIDENTIAL NATURE OF CONTRACT AND INFORMATION 	  	 	-58	- 
	25 -	  	COLLATERAL AGREEMENTS AND REPRESENTATIONS 	  	 	-59	- 
	26 -	  	ASSIGNMENT OF CONTRACT 	  	 	-61	- 
	27 -	  	APPLICABLE LAW & ARBITRATION 	  	 	-63	- 
	28 -	  	NOTICES	  	 	-64	- 
	 EXECUTION PAGE 
	  	 	65	  

  
 [*****] Confidential material redacted and
filed separately with the Securities and Exchange Commission. 
  
 ATR /
Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	2	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

					
	 APPENDIX A SPECIFICATION
	  	 	66	  
	 APPENDIX B [*****]
	  	 	69	  
	 APPENDIX C LIST OF DOCUMENTS EXCHANGED AT AIRCRAFT
ACCEPTANCE
	  	 	71	  
	 APPENDIX D SPARE PARTS PROCUREMENT
	  	 	72	  
	 APPENDIX E WARRANTIES
	  	 	85	  
	 APPENDIX F TECHNICAL PUBLICATIONS
	  	 	98	  
	 APPENDIX G ENGINEERING ASSISTANCE
	  	 	107	  
	 APPENDIX H START-UP TEAM
	  	 	110	  
	 APPENDIX I FIELD SERVICE
	  	 	115	  
	 APPENDIX J TRAINING
	  	 	117	  
	 APPENDIX K PAYMENT INSTRUCTIONS
	  	 	125	  
	 APPENDIX L PERFORMANCE GUARANTEE
	  	 	126	  
	 APPENDIX M DISPATCH RELIABILITY GUARANTEE
	  	 	132	  
	 APPENDIX N OPTION AIRCRAFT
	  	 	I36	  
	 APPENDIX 0 ADDITIONAL AIRCRAFT
	  	 	138	  
	 APPENDIX P USED AIRCRAFT OPERATING LEASE TERMS
	  	 	140	  
	 APPENDIX Q [*****]
	  	 	149	  
	 APPENDIX R FORM OF AIRCRAFT CERTIFICATE OF ACCEPTANCE
	  	 	l68	  
	 APPENDIX S FORM OF AIRCRAFT BILL OF SALE
	  	 	169	  

  
 [*****] Confidential material redacted and
filed separately with the Securities and Exchange Commission. 
  
 ATR /
Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	3	  	

 Execution version 
  

THIS SALE AND PURCHASE CONTRACT is made this 14th day of December 2010 (the
“Contract”) 
 BETWEEN: 
  

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interêt Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located
at 1, Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part;

 AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter
referred to as the “Buyer”). 

 (hereinafter referred to as individually the “Party” and collectively the
“Parties”) 
 WHEREAS: 
  

	(A)	Seller is a “Groupement d’Intérêt Economique” governed by articles 251-1 and following of the French commercial code; 

 

	(B)	The members of Seller are: 

  

	 	(1)	EADS ATR, SA identified under number 393 146 550 RCS Toulouse, the principal office of which is at 1, avenue Didier Daurat, 31703 Blagnac, France; and 

 

	 	(2)	ALENIA AERONAUTICA the principal office of which is at Via dell’Aeronautica snc, Pomigliano d’Arco (NA), Italy. 

  

	 	(C)	Seller wishes to sell and Buyer wishes to purchase on a firm basis twenty (20) ATR 72-600 aircraft and on an optional basis up to twenty (20) ATR 72-600 aircraft. 

NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	4	  	

 Execution version 
  

	1  -	DEFINITIONS AND INTERPRETATION 

  

 
  

	1.1	Definitions 

 In this Contract the following words and phrases have the meanings indicated: 

 

	 “Aircraft” 
	means one or more, as the context so requires, of the Firm Aircraft and/or Option Aircraft exercised by Buyer and/or Additional Aircraft exercised by Buyer. 

  

	 “Acceptance Flight Tests” 
	has the meaning assigned to it in Clause 10.3. 

  

	 “Additional Aircraft” 
	means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the right to acquire in accordance with the terms of Appendix O (Additional Aircraft) and as
more particularly described in Appendix A (Specification). 

  

	 “Additional Aircraft Scheduled Delivery Date” 
	means, in respect of each Additional Aircraft, the scheduled delivery date of that Additional Aircraft provided in a notice from Seller to Buyer in accordance with Clause 4 of Appendix O (Additional Aircraft), as it may be modified
pursuant to the terms herein. 

  

	 “ANAC” 
	means the Agencia Nacional de Aviação Civil (ANAC) of Brazil. 

  

	 “ATC” 
	means ATR Training Center located at Seller’s headquarters in France. 

  

	 “ATR 72-200 Specific Spare Parts” 
	has the meaning assigned to it in Clause 18.5.1. 

  

	 “ATR 72-200 Trade-In Spares” 
	has the meaning assigned to it in Clause 18.5.3. 

  

	 “ATR 72-212A Type Certificate” 
	means a certificate issued by the DGAC as primary certification authority under N° TC 176 and transferred to EASA under number A.084, that certifies that the ATR72-212A aircraft type complies with
the applicable type certification basis and environmental protection requirements when operated within the conditions and limitations specified on the associated type certificate data sheet (TCDS) N°A.084. 

 

	 “Authorisation” 
	means an authorization, consent, approval, resolution, licence, exemption, filing, notarization or registration. 

  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	5	  	

 Execution version 
  

 

	 “Authorised Representative” 
	means an individual having full power and authority to sign on behalf of Buyer, as demonstrated by its by-laws, power of attorney, or being named as so authorized on a secretary’s or assistant secretary’s certificate list provided by
Buyer, or, an individual having full power and authority to sign on behalf of Seller, as demonstrated by evidence of such authority if requested. 

  

	 “Balance Payment” 
	has, in respect of each Aircraft, the meaning assigned to it in Clause 6.2.8. 

  

	 “Base Purchase Price” 
	has, in respect of each Aircraft, the meaning assigned to it in Clause 5.1. 

  

	 “Bill of Sale” 
	means, in respect of each Aircraft, a document in respect of the Aircraft issued at the time of transfer of title to the Aircraft from Seller to Buyer in accordance with Clause 11 (Transfer of Title, Collection and Ferry) in, or
substantially in, the form set out in Appendix S (Form of Aircraft Bill of Sale). 

  

	 “Business Days” 
	means days on which banks in New York City, Paris and Sao Paulo are open for transactions of a commercial banking business. 

  

	 “Buyer Affiliate” 
	means, with respect to Buyer, any affiliate, subsidiary and/or parent company in Brazil or in the United States of America, including but not limited to the Operator. 

 

	 “Buyer Default” 
	has the meaning assigned to it in Clause 22.2. 

  

	 “Buyer Installed Equipment” or “BIE” 
	means any equipment, parts, components purchased by Buyer and installed on the aircraft by Buyer on or after Delivery. 

  

	 	The following parts are considered BIE: First aid kit, medical kit, bio-hazard kit, jungle kit, wheelchair, emergency instruction cards, Braille emergency instruction cards, passenger fife vests and any other similar
equipment that Buyer must install on the Aircraft to satisfy operational requirements necessary to obtain a certificate of airworthiness issued by ANAC. 

  

	 “Buyer Furnished Equipment” or “BFE” 
	means the equipment (if any) listed as Buyer Furnished Equipment in Appendix A (Specification). 

  

	 “Certificate of Acceptance” 
	means, in respect of each Aircraft, a certificate issued at the time of acceptance at Seller’s works in accordance with Clause 10 (Aircraft Acceptance Procedure) in, or substantially in, the form set out in Appendix R (Form of
Aircraft Certificate of Acceptance). 

  
 ATR / Canela
– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	6	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	 “Change” 
	means a change to the Specification or Aircraft required by Buyer’s regulatory authorities, as more fully described in Clause 4.4. 

  

	 “Commitment Letter” 
	has the meaning assigned to it in Clause 10.8. 

  

	 “Country of Registration” 
	means, in respect of each Aircraft, the country of registration of such Aircraft. 

  

	 “Delivery Date” 
	means, in respect of each Aircraft, the actual date on which that Aircraft is delivered to and accepted by Buyer. 

  

	 “Development Change” 
	means a change to the Specification or Aircraft implemented by Seller, as more fully described in Clause 3.2. 

  

	 “Dollars”, “US$” or the sign “$” 
	means the lawful currency for the time being of the United States of America. 

  

	 “DGAC” 
	means the Direction Générale de l’Aviation Civile of the Transport Ministry of France. 

  

	 “EASA” 
	means the European Aviation Safety Agency of the European Community. 

  

	 “Euros”, or the sign “€” 
	means the lawful currency for the time being of France. 

  

	 “Excusable Delay” 
	has the meaning assigned to it in Clause 12.1. 

  

	 “Export Certificate of Airworthiness” 
	means, in respect of each Aircraft, a certificate of airworthiness for export valid for the transport category (passenger) as issued by the DGAC by delegation and in compliance with EASA regulations. 

 

	 “Fifth Pre-Delivery Payment” 
	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.5 for an amount equal to [*****] of the Base Purchase Price of that Aircraft. 

 

	 “Firm Aircraft” 
	means one or more, as the context so requires, of the twenty (20) ATR 72-600 aircraft to be firmly acquired hereunder and as more particularly described in the Specification in Appendix A (Specification). 

 

	 “Firm Aircraft L/C” 
	has the meaning assigned to it in Clause 6.2.1.2 

  

	 “First Pre-Delivery Payment” 
	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.1 for an amount equal to [*****] of the Base Purchase Price of that Aircraft. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	7	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	 “Firm Aircraft Scheduled Delivery Date” 
	means, in respect of each Firm Aircraft, the scheduled delivery date of that Firm Aircraft as specified in Clause 9.1 and as it may be modified pursuant to the terms herein. 

 

	 “Fourth Pre-Delivery Payment” 
	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.4 for an amount equal to [*****] of the Base Purchase Price of that Aircraft. 

 

	 “Inexcusable Delay” 
	has the meaning assigned to it in Clause 13.1. 

  

	 “Inspection and Acceptance Manual” 
	has the meaning assigned to it in Clause 10.1. 

  

	 “Interface Problem” 
	has the meaning given to it in Clause 3.1 of Appendix E (Warranties). 

  

	 “IP Conference” 
	has the meaning given to it in Clause 2.3 of Appendix D (Spare Parts Procurement). 

  

	 “IP Data” 
	has the meaning given to it in Clause 2.2 of Appendix D (Spare Parts Procurement). 

  

	 “IP Purchase Orders” 
	has the meaning given to it in Clause 2.1 of Appendix D (Spare Parts Procurement). 

  

	 “IP Spares” 
	has the meaning given to it in Clause 2.1 of Appendix D (Spare Parts Procurement). 

  

	 “Manuals” 
	has the meaning assigned to it in Clause 16.2. 

  

	 “Manufacturer” 
	means Avions de Transport Regional (or ATR). 

  

	 “Members” 
	means the members of ATR, currently EADS ATR and ALENIA AERONAUTICA. 

  

	 “Option Aircraft” 
	means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the option to acquire in accordance with the terms of Appendix N (Option Aircraft) and as more particularly described in Appendix A
(Specification). 

  

	 “Option Aircraft Scheduled Delivery Date” 
	means, in respect of each Option Aircraft, the scheduled delivery date of that Option Aircraft as specified in Clause 4 of Appendix N (Option Aircraft) and as it may be modified pursuant to the terms herein. 

 

	 “Operator” 
	means the operator of the Aircraft, being AZUL LINHAS AÉREAS BRASILEIRAS S/A a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial, Barueri, Sao
Paulo, BRAZIL. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	8	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	 “Option Notification Date” 
	has, in respect of each Option Aircraft, the meaning assigned to it in Clause 2.1 of Appendix N (Option Aircraft). 

  

	 “Purchase Price” 
	has, in respect of each Aircraft, the meaning assigned to it in Clause 5.2. 

  

	 “Pre-Delivery Payment” 
	means, as the context so requires, any or all of the First Pre-Delivery Payment, Second Pre-Delivery Payment, Third Pre-Delivery Payment, Fourth Pre-Delivery Payment and Fifth Pre-Delivery Payment to be paid by Buyer to Seller in respect of the
Aircraft. 

  

	 “Purchase Right Exercise Notice” 
	has, in respect of each Additional Aircraft, the meaning assigned to it in Clause 2.1 of Appendix O (Additional Aircraft). 

  

	 “Regulatory Change” 
	has the meaning assigned to it in Clause 4.3. 

  

	 “Scheduled Delivery Date” 
	means, as the context so requires, the Firm Aircraft Scheduled Delivery Date and/or the Option Aircraft Scheduled Delivery Date and/or the Additional Aircraft Scheduled Delivery Date. 

 

	 “Scheduled Inspection Date” 
	means, with respect to each Aircraft, the day being [*****] Business Days prior to the Scheduled Delivery Date of any such Aircraft. 

  

	 “Second Pre-Delivery Payment” 
	means, in respect of each Firm Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.2 for an amount equal to [*****] of the Aircraft Purchase Price of that Aircraft. 

 

	 “Seller Default” 
	has the meaning assigned to it in Clause 22.3. 

  

	 “Seller Part” 
	means, in respect of each Aircraft, each part and component of that Aircraft airframe that is designed and / or manufactured by Seller, that bears Seller’s “S” part number, and, for the purpose of Appendix E
(Warranties). 

  

	 “Seller’s Account” 
	means the bank account detailed in Appendix K (Payment Instructions), or such other account as Seller may notify in writing from time to time to Buyer in accordance with the terms of such Appendix. 

 

	 “Seller’s Warranties” 
	means, in respect of each Aircraft, the warranties granted by Seller under Clause 1 of Appendix E (Warranties). 

  

	 “Seller’s Warranty Period” 
	means, in respect of each Aircraft, the duration of Seller’s Warranties and has more specifically the meaning given to it in Clause 1.4 of Appendix E (Warranties). 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	9	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	 “Spare Parts Catalogue” 
	has the meaning given to it in Clause 6.1 of Appendix D (Spare Parts Procurement). 

  

	 “Specification” 
	means the Technical Specification, as amended to incorporate the agreed changes set forth in Appendix A (Specification) and any subsequent Development Change or SCN in accordance with the terms of this Contract. 

 

	 “Specification Change Notice” or “SCN” 
	means a written change to the Specification, as more fully described in Clause 3.1. 

  

	 “Start-up Conversion Credit Memorandum” 
	has the meaning given to it in Clause 5.2 of Appendix H (Start-Up Team) 

  

	 “Support Period” 
	has the meaning given to it in Clause 1.2 of Appendix D (Spare Parts Procurement). 

  

	 “Taxes” 
	means any present or future tax, VAT, levy, impost, duty, fees, assessment, withholding taxes or other charge of whatever nature and however arising in any country (including without limitation any penalty or interest payable in connection with
any failure to pay or any delay in paying any of the same). 

  

	 “Technical Acceptance Documents” 
	means the documents listed in Appendix C (List of Documents Exchanged At Aircraft Acceptance) to be remitted by Seller to Buyer on or prior to the signature of the Certificate of Acceptance by Buyer. 

 

	 “Technical Publications” 
	has the meaning given to it in Clause 1.1 of Appendix F (Technical Publications). 

  

	 “Technical Specification” 
	means the ATR 72-600 technical specification defined in reference document DO/T 3864/07 dated May 2008 or its latest update, which defines an aircraft powered by two Pratt & Whitney PW127M engines with Hamilton Standard 568F six bladed
propellers. 

  

	 “Third Pre-Delivery Payment” 
	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.3 for an amount equal to [*****] of the Base Purchase Price of that Aircraft. 

 

	 “Training Conference” 
	has the meaning given to it in Clause 1.4 of Appendix J (Training). 

  

	 “Training Conversion Credit Memorandum” 
	has the meaning given to it in Clause 5.2 of Appendix J (Training). 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	10	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	 “Used Aircraft” 
	means one or more, as the context so requires, of the interim aircraft to be supplied by Seller to Buyer as detailed in Clause 18.1. 

  

	 “Used Aircraft [*****] 
	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Appendix P (Used Aircraft Operating Lease Terms) for an amount [*****] per Used Aircraft. 

 

	 “Vendor” 
	means, collectively or individually, as the context may allow or require, the engine manufacturer, the propeller manufacturer, the landing gear manufacturer and all other manufacturers of parts other than Seller Parts. 

 

	 “Vendor Part” 
	means each part, component or accessory (including the engines, the propellers and the landing gears) that is designed and / or manufactured by a Vendor, selected by Seller for installation in the Aircraft, and that bears the Vendor’s part
number. 

  

	 “Vendor Warranties” 
	has, in respect of each Aircraft, the meaning given to it in Clause 2.1 of Appendix E (Warranties). 

  

	 “Vendor Warranty Manual” 
	means the manual compiling details of the warranties granted by the Vendors to all ATR aircraft operators including Buyer. 

  

	 “Vendor Warranty Period” 
	has, in respect of each Aircraft, the meaning given to it in Clause 2.1 of Appendix E (Warranties). 

  

	 “Warranty Claim” 
	means a claim made by Buyer under Clause 1 of Appendix E (Warranties) and which shall be in Seller’s form or, if Buyer so prefers, in its own form, provided such form contains at least the following data: 

 

	 	(a) Description of defect and action taken, if any. 

  

	 	(b) Date of incident and/or of removal date. 

  

	 	(c) Description of the defective part. 

  

	 	(d) Part Number (P/N). 

  

	 	(e) Serial Number (S/N). 

  

	 	(f) Position on Aircraft, according to the Catalogue Sequence Number (CSN) of the Illustrated Parts Catalogue (IPC). 

  

	 	(g) Total flight hours or calendar time as applicable. 

  

	 	(h) Time since last overhaul (TSO). 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	11	  	

 Execution version 
  

	 	(i) Aircraft registration number. 

  

	 	(j) Aircraft total Flight Hours and/or number of landings. 

  

	 	(k) Location to which warranty item should be returned. 

  

	 	(l) Claim number. 

  

	 	(m) Date of claim. 

  

	 	(n) Delivery date of Item to Buyer 

  

	1.2	Interpretation 

 In the interpretation of this Contract, unless the context otherwise requires:

  

	 	(a)	References to Clauses or Appendices are to Clauses or Appendices of this Contract. 

  

	 	(b)	Headings are inserted for convenience only and shall not affect the construction of this Contract or the Appendices. 

  

	 	(c)	Unless the context otherwise requires, words importing the singular number include the plural number and vice versa. 

  

	 	(d)	Unless the context otherwise requires, words importing the masculine gender shall include the feminine and neuter gender and vice versa. 

 

	 	(e)	References to other documents include those documents as may be amended from time to time. 

  

	 	(f)	Appendices hereto and any documents therein referred to shall be taken, read and construed as an essential and integral part of this Contract. 

 

	 	(g)	References to acts, statutes and law includes laws, legislation, statutes amending, consolidating and replacing the statutes referred to and all regulations, rules, by-laws made under those acts, statutes or law.

  

	 	(h)	Reference to a Party to this Contract includes a reference to its successors and permitted assigns. 

  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	12	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	2  -	SALE AND PURCHASE 

  

 
  

	2.1	Subject to the terms and conditions set forth in this Contract, Seller agrees to sell and deliver and Buyer agrees to purchase and take delivery of twenty (20) Firm Aircraft upon the terms and conditions contained
in this Contract. 

 In addition, subject to the terms and conditions set forth in this Contract, Buyer may acquire the Option
Aircraft and the Additional Aircraft from Buyer. 
 The sale and purchase of spare parts is dealt with in Appendix D (Spare Parts
Procurement) attached hereto. 
  

	2.2	Each Aircraft shall: 

  

	 	2.2.1	Be constructed to the standard defined in the Specification in accordance with and under the relevant DGAC Part 21 approval in compliance with EASA regulations; 

 

	 	2.2.2	Be inspected, tested and found conform to the ATR 72-212A Type Certificate (as evidenced by the issuance of an Export Certificate of Airworthiness); 

 

	 	2.2.3	Be inspected, tested and found conform to the Brazilian type certificate N° EA-9312 (as evidenced by the relevant Export Certificate of Airworthiness or, as applicable, the relevant EASA Form 52 (Aircraft
Statement of Conformity) issued for any such Aircraft); 

  

	 	2.2.4	Be offered for acceptance with an Export Certificate of Airworthiness together with all relevant documentation to be supplied under this Contract and in a condition: 

 

	 	(i)	Allowing its inclusion on the aeronautic register of the Brazilian ANAC (the “Registro Aeronáutico Brasileiro”) and qualifying for the issuance of a certificate of airworthiness issued by ANAC,
subject always to Buyer installing the BIE in order for such certificate of airworthiness to be issued; 

  

	 	(ii)	Complying with the performance requirements set forth in each category of Appendix L (Performance Guarantee), subject to the provisions of said Appendix L, including but not limited to Clause 1 thereof.

  

	 	2.2.5	Meet the following conditions at Delivery: 

  

	 	(i)	Have all installed parts that are newly manufactured; 

  

	 	(ii)	Have no calendar life limit parts with [*****] of its life limit available at delivery on structure and main elements; 

  

	 	(iii)	Have no calendar or time limited cabin safety equipment (such as oxygen bottles, life vests, extinguisher) and engine extinguishers with more than [*****] months variation on remaining life on Delivery between any same
part number installed on the Aircraft; 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	13	  	

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	 	(iv)	Have components with same or higher modification status than the previous delivered Aircraft, unless: 

  

	 	–	There is a delay in the delivery of each such Aircraft by reason of Excusable Delay or Inexcusable Delay which causes the delivery of each such Aircraft to occur after the delivery of another Aircraft originally
scheduled to be delivered after each such Aircraft; or 

  

	 	–	The Specification of each such Aircraft is different from the previous Aircraft pursuant to the implementation of (i) an SCN in accordance with Clause 3.1 hereof or (ii) a Regulatory Change or (iii) a
Change and such Specification change has the effect for each such Aircraft to have a lower modification status than the previous delivered Aircraft; 

  

	 	(v)	Have all mandatory modifications embodied with no repetitive inspections or terminating actions to be performed after Delivery, unless the relevant terminating action to cure any repetitive inspection is not available
at the time of Delivery. 

  

	 	2.2.6	At the time of transfer of title to Buyer, be free and clear of any lien, mortgage, charge, deed of trust, encumbrance, pledge, hypothecation, judicial attachment or seizure, license, assignment by way of security or
security interest howsoever created or arising. 

  

	2.3	A copy of the Technical Specification has been signed for the purpose of identification by or on behalf of the parties. 

  

	2.4	In case of contradiction and/or inconsistency between the Technical Specification and any other part of this Contract, this Contract shall prevail. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	14	  	

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	3  -	SPECIFICATION CHANGES 

  

 
  

	3.1	Specification Changes Notices 

  

	 	3.1.1	Changes to the Specification shall be made only by a Specification Change Notice (“SCN”), which shall be delivered by Seller to Buyer and which shall set forth in sufficient details: 

 

	 	(i)	The particular changes to be made therein; 

  

	 	(ii)	The effect, if any, of such changes on design, performance, weight, balance, authorised payload, zero fuel weight, interchangeability, date of delivery; and 

 

	 	(iii)	The cost to Buyer (if any) of such SCN quoted in economic conditions reflecting a theoretical delivery on the date of signature of such SCN. 

The SCN shall be binding upon each party when approved and signed by their Authorised Representatives. 

 

	 	3.1.2	Payment for and in respect of any change detailed in any effective SCN shall be effected as follows: 

  

	 	(a)	Upon signature of a SCN by both Buyer and Seller, Buyer shall pay to Seller such proportion of the cost of performing the change detailed in such SCN equal to the proportion of the Base Purchase Price of the Aircraft as
has been paid up to and including the date on which such SCN is last signed, and 

  

	 	(b)	The balance of the modification price shall be paid according to the same terms and conditions as stated in Clause 6 (Terms of Payment) hereafter and the Base Purchase Price shall be deemed increased by the
amount of the modification price. 

  

	 	3.1.3	Buyer may request a change to the Specification by notice in writing to Seller. If Buyer’s requested change requires preliminary studies, mock-ups and similar work, Seller shall, as promptly as practicable, provide
Buyer with a firm quotation of the cost of such studies, mock-ups and similar work. After approval by Buyer of such firm quotation, Seller shall perform the preliminary studies, mock ups and similar work at Buyer’s expense, whether the latter
subsequently agrees or not to the change. 

 In the event Buyer does not agree to implement the initially requested change,
the expenses specified in the firm quotation for the preliminary work, mock-ups and / or similar work approved by Buyer shall be paid by Buyer to Seller upon submission of Seller’s invoice. In the event Buyer agrees to the change and thereby
executes an SCN, the expenses specified in the firm quotation for the preliminary work, mock-ups and / or similar work approved by Buyer shall be added to the cost of the Buyer requested SCN. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	15	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
 Should a change to the Specification involve a subsequent equipment
substitution giving rise to an increase in the cost or to termination charges for Seller, such increase or charges shall be borne [*****]. 
  

	3.2	Development Changes 

  

	 	3.2.1	The Technical Specification may also be revised without Buyer’s consent to incorporate development changes (the “Development Changes”) if such Development Changes do not have a material adverse effect on
price, delivery, guaranteed performance hereunder (or any other guaranteed element hereunder), weight or balance, structural integrity, operational safety, ease of maintenance of the Aircraft or parts interchangeability or replaceability
requirements. 

 Development Changes are changes deemed necessary by Seller to correct defects, improve the Aircraft, prevent
delay or ensure compliance with this Contract. 
  

	 	3.2.2	Seller shall promptly but no later than [*****] before the Scheduled Inspection Date of any Aircraft (or immediately if such Development Change is embodied on any Aircraft less than [*****] before its Scheduled
Inspection Date), notify Buyer in writing of all Development Changes made pursuant to this Clause 3.2 and affecting any such Aircraft, and provide, in reasonable detail, details of the effect changes on design, design weights, authorised payload,
performance and parts interchangeability requirements. Seller shall also supply to Buyer the modified pages of the Technical Specification if any. 

  

	 	3.2.3	For the avoidance of doubt, any cost arisen from or in connection with any Development Changes shall be borne [*****]. 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
		  	16	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	4  -	CERTIFICATION & REGULATORY CHANGES 

  

 
  

	4.1	Seller represents that, at the date of execution of this Contract and on each subsequent successive Delivery Date: 

  

	 	(i)	It has obtained the ATR 72-212A Type Certificate for the ATR 72-212A variant commercially known as ATR 72-500 and its validation in particular by the “Registro Aeronautico Italiano” (R.A.I.) of Italy, and the
“Federal Aviation Administration” (F.A.A.) of the United States of America; 

 The representations made in this
Clause 4.1 are made by Seller on the date of execution of this Contract and on each subsequent Delivery Date. 
  

	4.2	Seller also represents that, on each Delivery Date: 

  

	 	(i)	It will have obtained, at its own cost and expense, the certification by the EASA and by ANAC (through their inclusion in the relevant type certificate data sheet) for any and all non-optional changes between the ATR
72-212A variant commercially known as ATR 72-600 and the ATR 72-212A variant commercially known as ATR 72-500 (such ATR 72-212A variant commercially known as ATR 72-500 being already certified by EASA and ANAC); 

 

	 	(ii)	All the options and SCNs listed in Appendix “A” (Specification) will be certified by EASA and by ANAC; 

  

	 	(iii)	Any Development Change made by Seller or SCNs issued after execution hereof in accordance withy the provisions of this Clause 4 and embodied on the Aircraft will be certified by EASA and by ANAC; and 

 

	 	(iv)	It will obtain for each Aircraft an Export Certificate of Airworthiness in accordance with Clause 2.2.4 hereof. 

The representations made in this Clause 4.2 shall be made by Seller on each Delivery Date. 

 

	4.3	Buyer acknowledges and agrees that in the event any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof becomes effective between the date of this Contract and the Delivery Date of
any Aircraft which has the effect of requiring any changes or modifications to the Specification or to any work carried out or to be carried out in the manufacture of any such Aircraft or the spares or to the testing or to the certification or to
the approvals required with respect thereto (the “Regulatory Change”), Seller shall, without any obligation or requirement to secure the permission or consent of Buyer, make such changes or modifications to the Specification, the Aircraft,
the spares, or carry out such testing, and: 

  

	 	4.3.1	Seller shall provide Buyer with written notice of each such Regulatory Change and Buyer and Seller shall execute a SCN stating the change or modifications to the Aircraft or the spares or the testing required and the
proposed adjustment to the Aircraft price, if any, necessitated by such change, modification or testing, which SCN shall be binding on both Parties. 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 Execution version 

 
  

	 	4.3.2	In the case of a Regulatory Change applicable to the Aircraft and not applicable to any aircraft other than the ATR aircraft in the [*****] passenger transport turboprop aircraft category certified under EASA
regulations, the costs of all changes, modifications and testing required by such Regulatory Change shall be [*****]. 

  

	 	4.3.3	In the case of a Regulatory Change applicable to Aircraft and to other aircraft in the [*****] passenger transport turboprop aircraft category certified under EASA regulations, the costs of all changes, modifications
and testing required by such Regulatory Change shall be [*****]. 

  

	 	4.3.4	Seller shall provide Buyer with written notice of each such Regulatory Change and Buyer and Seller shall execute a SCN stating the change or modifications to the Aircraft or the spares or the testing required by such
change, modification or testing, which SCN shall be binding on both parties. 

 Seller represents that as of the date hereof
it is not aware of any proposed or confirmed amendment and / or modification of any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof or Notice of Proposed Amendment (or equivalent document issued by DGAC and
/ or EASA) that would, if adopted, constitute or give rise to or require a Regulatory Change for the Aircraft. 
  

	 	4.3.5	Prior to the delivery of any Aircraft, Seller shall be entitled to fly any such Aircraft and to use any part thereof for such period or periods as shall be necessary in connection with DGAC and / or EASA requirements
related to the Aircraft and Seller shall be under no liability to Buyer in respect of any use or depreciation of any such Aircraft occasioned thereby, so as long as such use or depreciations are not caused by the gross negligence or wilful
misconduct of Seller. 

 For the avoidance of doubt, Seller shall, without any obligation or requirement to secure the
permission or consent of Buyer, make all changes, modifications and testing required pursuant to any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof being issued or becoming effective on or prior to the
date of this Contract and [*****]. 
  

	 	4.4	In the event any modification related to the Specification of any Aircraft or any change, addition or modification to any Aircraft (the “Changes”) is required either: 

 

	 	(i)	By ANAC for the validation of the DGAC Type Certificate, or 

  

	 	(ii)	By ANAC or any other authority of the Operator in order to satisfy operational regulations or laws of the country or the countries concerned, subsequent to the date of this Contract and enforceable prior to the delivery
of any such Aircraft; or 

  

	 	(iii)	Pursuant to any regulation, or interpretation thereof, promulgated in Brazil subsequent to the date of this Contract and enforceable prior to the delivery of any such Aircraft, 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	18	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
 and provided Buyer has notified Seller of the necessity of these
Changes with reasonable advance notice to enable their embodiment to any such Aircraft prior to delivery, then the parties will sign an SCN, setting forth in detail the Changes to be made, and their effects, if any, on guaranteed performance or
other characteristics of any such Aircraft, price of any such Aircraft, if any, and time of delivery and the cost thereof shall be [*****]. 
  

	 	4.5	Seller shall not be bound to make any modification to the Aircraft consequent on any requirements of the DGAC being issued or becoming effective after the date hereof except insofar as it may be required to do so under
the provisions of this Clause 4. 

  

	 	4.6	Any postponement of the Scheduled Delivery Date due to modifications made pursuant to this Clause 4 shall be deemed Excusable Delay within the meaning of Clause 12 (Excusable Delay). 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	19	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
  

	5  -	AIRCRAFT PRICE 

  

 
  

	5.1	The base purchase price for each Aircraft (the “Base Purchase Price”) manufactured according to the Specification is [*****]. 

 

	 	This	Base Purchase Price is established for a theoretical delivery date in [*****]. 

  

	5.2	The Base Purchase Price for each Aircraft shall be adjusted to determine the purchase price for each Aircraft (the “Purchase Price”), as follows: 

 

	 	5.2.1	[*****] set out in Clause 5.3 hereto; and 

  

	 	5.2.2	To include the price of any and all SCNs executed after signature of this Contract in accordance with the provisions of Clause 3 (Specification Changes) and Clause 4 (Certification & Regulatory
Changes) hereof, which price shall be adjusted, if applicable, at the time of delivery in accordance with Seller’s standard SCN price adjustment formula set out in Clause 5.4 hereof; and 

 

	 	5.2.3	To include any other amounts forming part of Purchase Price in accordance with provisions of this Contract. 

  

	5.3	[*****] 

 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] 
 [*****]
[*****] 
 [*****] 
  

	5.4	The price of any SCN shall be varied in respect of changes in economic conditions from a theoretical delivery at the date of signature of any such SCN up to and including and the Delivery Date of the Aircraft where such
SCN is implemented, which variation shall be calculated in accordance with the following formula: 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] 

[*****] 
  

	5.5	If the basis upon which the indices referred to in Clause 5.3 and 5.4 above have been calculated are amended or if the said indices are revised or withdrawn from publication the parties hereto shall agree a revised
formula which shall have substantially the same effect as that specified herein. 

 In case the parties cannot reach an
agreement for a revised formula, a mutually agreed, single independent arbitrator shall calculate a revised formula, which, insofar as possible and in the opinion of the arbitrator, would lead in application to the same adjustment result. The
decision of such arbitrator shall be final and binding upon the parties. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	6  -	TERMS OF PAYMENT 

  

 
  

	6.1	In accordance with the Heads of Agreement dated July 16th 2010 entered into by and between Seller and Buyer, Buyer has paid to Seller a [*****] in the amount of [*****] in respect of each of the Firm Aircraft
[*****] to and including [*****], which amount shall be credited against the First Pre-Delivery Payment for such Aircraft due pursuant to Clause 6.2.1. 

  

	6.2	Payment of the balance of the Purchase Price for each Aircraft shall be made according to the following schedule: 

  

	 	6.2.1	First Pre-Delivery Payment 

  

	 	6.2.1.1	[*****] from execution of this Contract, Buyer shall, in respect of each Aircraft, pay to Seller the First Pre-Delivery Payment to Seller’s Account. 

 

	 	6.2.1.2	Alternatively, and with respect to each Firm Aircraft only (that is for the avoidance of doubt with respect to the Aircraft [*****] only), Buyer may elect to pay the First Pre-Delivery Payment according to the following
scheme: 

  

	 	–	[*****] of the Base Purchase Price of each such Firm Aircraft) [*****] from execution of this Contract; and 

  

	 	–	[*****] of the Base Purchase Price of each such Firm Aircraft) [*****] from execution of this Contract, [*****] 

  

	 	(i)	[*****] 

  

	 	[*****]	

  

	 	(ii)	[*****] 

  

	 	[*****]	

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	[*****]	

  

	 	6.2.1.3	For the avoidance of doubt, any payment made by Buyer to Seller for any Firm Aircraft pursuant to Clause 6.1 above shall be credited towards the First Pre- Delivery Payment of any such Firm Aircraft. 

 

	 	6.2.2	Second Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Second Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.3	Third Pre-Delivery Payment 

 [*****] prior to the Delivery Date of each Aircraft, Buyer shall,
in respect of such Aircraft, pay to Seller the Third Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.4	Fourth Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Fourth Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.5	Fifth Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Fifth Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.6	Upon payment by the Operator of the First Deposit (as further defined in Appendix P (Used Aircraft Operating Lease Terms) hereof) for any Used Aircraft, Seller shall credit the Used Aircraft [*****] relating to
any such Used Aircraft towards payment of the next due Pre-Delivery Payment relating to the first Firm Aircraft. 

 In the
event that the First Deposit for any Used Aircraft has been paid prior to execution of this Contract, Seller shall credit the Used Aircraft [*****] relating to any such Used Aircraft towards payment of the First Pre-Delivery Payment relating to the
first Firm Aircraft. 
  

	 	6.2.7	Should the due date for payment of any Second Pre-Delivery Payment and/or Third Pre- Delivery Payment and/or Fourth Pre-Delivery Payment and/or Fifth Pre-Delivery Payment be on a date prior to the execution of this
Contract, then such Second Pre- Delivery Payment and/or Third Pre-Delivery Payment and/or Fourth Pre-Delivery Payment and/or Fifth Pre-Delivery Payment shall, as appropriate, become due within [*****] from execution of this Contract.

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	6.2.8	The remaining balance of the Purchase Price for each Aircraft (the “Balance Payment”) shall be payable upon [*****] for such Aircraft as provided for in Clause 10 (Aircraft Acceptance Procedure). Seller
shall furnish to Buyer no later than [*****] prior to the Scheduled Delivery Date of such Aircraft a proforma invoice setting forth the estimated Purchase Price for such Aircraft. 

 

	 	6.2.9	For the sake of clarity, any postponement in the Scheduled Delivery Date of the Aircraft pursuant to the provisions of this Contract, including in particular but without limitation, Clauses 3 (Specification
Changes), 4 (Certification & Regulatory Changes), 10 (Aircraft Acceptance Procedure), 12 (Excusable Delay), 13 (Inexcusable Delay), 15 (Buyer Specified Equipment and Information), and 22
(Termination) hereof, will, unless such delay results from a default by Buyer, postpone accordingly the payment by Buyer to Seller of any advance payment due by Buyer to Seller pursuant to Clause 6.2.2, 6.2.3, 6.2.4 and 6.2.5 hereof.

  

	6.3	All payments due under this Contract shall be made in accordance with the provisions of Appendix K (Payment Instructions) hereto. 

 

	6.4	All payments and charges to be made by Buyer under this Contract shall be made on the due date in immediately available funds by swift transfer or, in case no due date is stipulated, within [*****] after invoice date.
Buyer shall cause payments to be remitted so that Seller receives credit for the full amount of such payment on the due date. 

  

	6.5	All payments due to Seller hereunder shall be made in full, without set-off, counterclaim, recoupment, deduction or withholding of any kind. Consequently, Buyer shall procure that the sums received by Seller under this
Contract shall be equal to the full amounts expressed to be due to Seller hereunder, without deduction or withholding on account of and free from any and all taxes (including any tax required to be deducted or paid under the laws of Buyer’s
jurisdiction in respect of the amount paid Buyer to Seller), levies, imposts, dues or charges of whatever nature. 

  

	6.6	If Buyer is compelled by law to make any such deduction or withholding, Buyer shall pay such additional amounts as may be necessary in order that the net after-tax amount received by Seller after such deduction or
withholding shall equal the amounts which would have been received in the absence of such deduction or withholding and pay to the relevant taxation or other authorities within the period for payment permitted by applicable law, the full amount of
the deduction or withholding. 

  

	6.7	In case of a late payment of any amount of money due by Buyer under this Contract and without prejudice to any other of Seller’s rights or remedies, Buyer shall pay interest at a default per annum rate equal to
[*****] which interest rate shall apply to any amount outstanding after the relevant payment date and until the actual date of receipt of the payment by Seller, such interest being calculated on a daily basis. In addition, Buyer shall reimburse all
costs and expenses (including legal costs) incurred by Seller in the collection of any overdue amount. 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	6.8	The acceptance of any payment by Seller after it is due shall not be deemed to be a waiver of any breach by Buyer of its obligations under this Contract. 

 

	6.9	For the sake of clarity, Buyer acknowledges and agrees that Pre-Delivery Payments are installment payments of the Purchase Price of the Aircraft and are not deposits, cash collateral or other collateral security for
Buyer’s obligations under this Contract. Once paid, all Pre-Delivery Payments are the property of Seller and may be commingled by it with its and its affiliates’ other funds, with no interest payable with respect thereto.

  

	6.10	Buyer shall not, by virtue of anything contained in this Contract (including, without limitation, any Pre-Delivery Payments hereunder, or any designation or identification by Seller of particular aircraft as an Aircraft
to which any of the provisions of this Contract refer), acquire any proprietary or any insurable interests in any Aircraft prior to delivery of and payment for such Aircraft as provided in this Contract. 

 

	6.11	In addition to any other rights and remedies available to Seller hereunder, Seller shall not be obligated to tender delivery of any Aircraft to Buyer, and shall have no further liability to Buyer with respect thereto,
if and so long as Buyer fails to make any Pre-Delivery Payment pursuant to the foregoing provisions of this Clause 6 for any Aircraft at the time and in the amount specified in this Contract and such failure shall continue unremedied for [*****] or
more from receipt by Buyer of a written demand from Seller requesting such payment. 

  

	6.12	Nothing in this Clause 6 shall require Buyer to account to Seller for taxes on income or profits assessed on Seller by the relevant tax authorities. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	7-	[*****] 

  

 
  

	 	[*****]	

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	8  -	PLANT REPRESENTATIVES—INSPECTION 

  

 
  

	8.1	The Aircraft will be manufactured in accordance with the regulations applicable in the country of Seller, subject however to the provisions of Clause 2.2.1. The Aircraft will be inspected exclusively under Seller’s
inspection systems, as approved by the DGAC in compliance with EASA regulations. 

  

	8.2	Buyer shall have the right to, at all reasonable times, appoint one or more duly authorised resident inspector(s) at Seller’s plant who can inspect the manufacturing process and the work in progress and who will
have access to such relevant technical data as is reasonably necessary to carry out said inspection. 

 Seller shall authorise
or procure for said resident inspector(s) to visit Seller’s facilities and, if possible, those of its suppliers and subcontractors at all reasonable times during normal business hours. Such inspection shall be performed in such manner as not to
delay or hinder the construction or manufacture of the Aircraft or the performance of this Contract by Seller or any other work in progress in the respective facilities. 

The actual detailed inspection of the Aircraft shall only take place in the presence of the inspection personnel of Seller, according to a
procedure to be agreed upon with Buyer in the Inspection and Acceptance Manual, under which Buyer shall have all reasonable access to the Aircraft at any time during the final assembly process and written production data relating to the Aircraft as
he may reasonably require. 
 In particular, Seller shall, no later than [*****] prior to the Scheduled Inspection Date of any Aircraft,
make available to Buyer a report detailing the configuration and modification status of any such Aircraft. This report shall include a list of all major assemblies with associated part numbers and serial numbers, current equipment list with
associated part numbers, serial numbers and modification status, current modification list and any other available Aircraft configuration status. 
  

	8.3	Buyer’s representatives shall address any of their observations, comments, doubts, or requests to Seller’s inspection personnel. Seller will take all required actions to satisfactorily address all Buyer’s
justified requests and observations, being understood that Seller shall never be liable to take any action other than provided for under this Contract. 

  

	8.4	If access to any part of said facilities where construction is in progress is restricted for security reasons, Seller shall be allowed a reasonable time to make the items available for inspection, elsewhere if possible.

  

	8.5	Buyer shall bear all expenses in connection with transport, subsistence, insurance and salary of such resident inspector(s). Seller shall furnish, at no cost to Buyer, suitable office space, office furniture and office
facilities (telephone, telefax, copying machine, printer and the like) in order to enable Buyer’s representatives to fulfil their task properly. 

  

	8.6	BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, EACH MEMBER, EACH OF THEIR AFFILIATES AND SELLER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “SELLER PARTIES”) AGAINST ALL 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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LIABILITIES, PENALTIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES (INCLUDING ATTORNEYS FEES INCURRED TO
ENFORCE THIS INDEMNITY) (A) RELATING TO OR ARISING OUT OF ANY SUCH INSPECTION OR THE ACTS OR OMISSIONS OF BUYER OR ITS INSPECTORS IN CONDUCTING ANY SUCH INSPECTION OR (B) WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST OR INCURRED BY
SELLER PARTIES BY REASON OF INJURY TO OR DEATH OF BUYER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF THE SELLER PARTIES. 
 SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER, BUYER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS,
THE OPERATOR, AND THE OPERATOR’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “BUYER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH
MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST THE BUYER PARTIES BY REASON OF INJURY TO OR DEATH OF SELLER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT
RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE BUYER PARTIES. 
 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST
EITHER PARTY FOR DAMAGES FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENSE THEREOF, OR TO EFFECT ANY
SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 
  
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– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	9  -	FIRM AIRCRAFT SUPPLY PROGRAM 

  

 
  

	9.1	Subject to the provisions of Clauses 9.2 and 9.3, Seller shall offer the Firm Aircraft for acceptance at [*****] during the following months: 

 

					
	 Firm Aircraft

Number
	  	 Aircraft
 Number
	  	Aircraft
 Scheduled Delivery Date

	 Firm Aircraft N° 1
	  	Aircraft N° 1	  	October 2011
	 Firm Aircraft N° 2
	  	Aircraft N° 2	  	November 2011
	 Firm Aircraft N° 3
	  	Aircraft N° 3	  	December 2011
	 Firm Aircraft N° 4
	  	Aircraft N° 4	  	January 2012
	 Firm Aircraft N° 5
	  	Aircraft N° 5	  	February 2012
	 Firm Aircraft N° 6
	  	Aircraft N° 6	  	March 2012
	 Firm Aircraft N° 7
	  	Aircraft N° 7	  	April 2012
	 Firm Aircraft N° 8
	  	Aircraft N° 8	  	May 2012
	 Firm Aircraft N° 9
	  	Aircraft N° 9	  	June 2012
	 Firm Aircraft N° 10
	  	Aircraft N° 10	  	July 2012
	 Firm Aircraft N° 11
	  	Aircraft N° 11	  	August 2012
	 Firm Aircraft N° 12
	  	Aircraft N° 12	  	September 2012
	 Firm Aircraft N° 13
	  	Aircraft N° 13	  	October 2012
	 Firm Aircraft N° 14
	  	Aircraft N° 14	  	November 2012
	 Firm Aircraft N° 15
	  	Aircraft N° 15	  	December 2012
	 Firm Aircraft N° 16
	  	Aircraft N° 16	  	January 2013
	 Firm Aircraft N° 17
	  	Aircraft N° 17	  	February 2013
	 Firm Aircraft N° 18
	  	Aircraft N° 18	  	March 2013
	 Firm Aircraft N° 19
	  	Aircraft N° 19	  	April 2013
	 Firm Aircraft N° 20
	  	Aircraft N° 20	  	May 2013

  

	9.2	Each Aircraft shall be offered for delivery in accordance with Clause 10 (Aircraft Acceptance Procedure) within the month indicated above. Seller shall provide written notice to Buyer of the Delivery Date
fortnight for such Firm Aircraft [*****]. Seller shall provide written notice to Buyer of the Delivery Date for such Aircraft [*****], which notice shall also inform Buyer about the Scheduled Inspection Date for such Aircraft. 

 

	9.3	The Scheduled Delivery Date of each Aircraft may be varied in accordance with the other provisions of this Contract, including in particular but without limitation, Clauses 3 (Specification Changes), 4
(Certification & Regulatory Changes), 10 (Aircraft Acceptance 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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Procedure), 12 (Excusable Delay), 13 (Inexcusable Delay), 15 (Buyer Specified Equipment and Information),
and 22 (Termination) hereof. 
  

	9.4	On the Delivery of each Aircraft, Seller shall deliver to Buyer the documents listed in Appendix C (List of Documents Exchanged At Aircraft Acceptance). 

 

	9.5	In the event any export licenses are required under any applicable law in order for Seller to fulfill its obligations under this Contract, the obtaining of such licenses shall be the responsibility of Seller.

  
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– 20 Firm + 20 Option ATR 72-600 

  

					
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	10  -	AIRCRAFT ACCEPTANCE PROCEDURE 

  

 
  

	10.1	Within [*****] from execution hereof, Seller shall provide Buyer with a draft aircraft delivery and acceptance procedures document (the “Inspection and Acceptance Manual”) which shall define (i) the
procedures, policies and standards for Buyer’s to accomplish its inspection during the Aircraft manufacturing process at Seller’s works and the (ii) the Aircraft delivery and acceptance procedures. Buyer shall cooperate with Seller
for the redaction of the Inspection and Acceptance Manual. Buyer and Seller shall mutually approve such Inspection and Acceptance Manual [*****] (such approval not to be unreasonably withheld). In the event of a conflict between the Inspection and
Acceptance Manual and this Contract, then this Contract shall take precedence over the Inspection and Acceptance Manual. 

  

	10.2	Seller shall offer the Aircraft for acceptance at [*****] upon successful completion of the ground and flight tests performed by Seller as part of its production procedure. 

 

	10.3	Buyer shall during the [*****] immediately preceding the Scheduled Delivery Date of each Aircraft be entitled to inspect such Aircraft and during such period Seller shall fly the Aircraft for a period or periods not
exceeding three (3) hours (or such other duration as may be agreed by the parties) to demonstrate in ambient conditions prevailing at Seller’s airfield that the Aircraft complies with the terms of this Contract, including in particular
Clause 2.2 hereof, in respect of those requirements that can be demonstrated only in flight (the “Acceptance Flight Tests”). 

  

	10.4	Throughout the performance of the Acceptance Flight Tests, the operational control of the Aircraft shall remain with Seller’s personnel. 

One (1) ATR 72-600 qualified representative of Buyer may be present and have a seat as a First Officer in the cockpit, being understood
that, notwithstanding the provisions of the above paragraph but subject always to the supervision of Seller’s captain seating in the cockpit, such qualified Buyer representative will, at selected moments during the Acceptance Flight Tests, be
able to exercise a degree of operational control over the Aircraft in order to check that the Aircraft complies with the terms of this Contract. 

A maximum of three (3) representatives of Buyer having only access to the passenger cabin, may also participate in such Acceptance Flight
Tests. 
  

	10.5	The Aircraft shall be operated at Seller’s expense and risk and only by Seller’s nominees during the Acceptance Flight Tests. 

 

	10.6	In the event that during, or as a result of the said inspection or of the Acceptance Flight Tests, Buyer acting reasonably considers that any Aircraft fails to comply in any respect with the terms of this Contract,
including in particular Clause 2.2, then upon notification of the details of such alleged failure given by Buyer upon the conclusion of the inspection or Acceptance Flight Tests, Seller shall, at its own cost and expense, examine, and if necessary
promptly rectify or modify, the Aircraft to bring it into compliance with the terms of this Contract, including in particular Clause 2.2. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 Following any rectification or modification of the Aircraft by Seller
pursuant to this Clause 10.6, Buyer shall be allowed the amount of time that will be reasonably needed to assess if such rectifications or modifications have brought the Aircraft in compliance with the terms of this Contract. 

 

	10.7	If at any stage Seller acting reasonably considers that the requirements of the terms of this Contract, including in particular Clause 2.2, are met and should Buyer so require, Seller shall demonstrate to Buyer’s
reasonable satisfaction that the Aircraft meets the said requirements with regard to the aspects in doubt. In case Buyer has notified Seller of any failure of the Aircraft to comply with the terms of this Contract in accordance with this Clause 10,
and Seller has undertaken rectifying and/or modifying actions of any kind, Seller shall be obliged to perform a new Acceptance Flight Test, should Buyer reasonably request so. 

 

	10.8	If remedy of a failure is not possible prior to the Delivery Date, and provided always that such failure does not adversely affect the safety, airworthiness or to any material extent the performance, structural life,
reliability, economic operation, regular commercial use, maintenance inspection program or maintenance of the Aircraft, Buyer shall not be entitled to refuse to accept the Aircraft by reason of such failure of the Aircraft to meet the requirements
of the terms of this Contract. 

 In such case however, Seller and Buyer shall agree a program and a schedule for the remedy
of such failure by Seller or for a monetary compensation for the non-remedy of such failure by Seller, such agreement being recorded in a commitment letter (the “Commitment Letter”) jointly executed by Seller and Buyer prior to Delivery.

 However, in no circumstances shall Buyer be liable to accept delivery of an Aircraft with deferred rectifications or remedies if the
deferment of such rectifications or remedy is not approved by the EASA and / or ANAC. 
  

	10.9	When Buyer is satisfied that the Aircraft meets the Specification and when the said inspection and the Acceptance Flight Tests have been completed on the Aircraft without Buyer notifying Seller of any failure of the
Aircraft to comply with the terms of this Contract, or after Seller has remedied any such failure, or, after Seller and Buyer have agreed a program for the remedy of such failure in accordance with the provisions of Clause 10.8 hereof and when an
Export Certificate of Airworthiness has been issued for the Aircraft, then Buyer shall sign a Certificate of Acceptance in respect of the Aircraft in triplicate. Should Buyer fail to deliver such Certificate of Acceptance, Buyer shall be deemed to
be in default of its obligations pursuant to Clause 22.2 herein. The signature of the Certificate of Acceptance by Buyer shall be deemed a demonstrate compliance of the Aircraft with the Specification and the guaranteed performance, subject however
to the matters set forth in the Commitment Letter (if any). 

  

	10.10	Notwithstanding the provisions of Clause 22.2, if Buyer fails to carry out the said inspection or attend the Acceptance Flight Tests or sign the Certificate of Acceptance without notifying Seller of any failure of the
Aircraft to comply with any of the terms of this Contract, Seller shall, [*****] after the satisfactory completion of the Acceptance Flight Tests, notify Buyer that it shall be deemed to have accepted the Aircraft in accordance with the Contract.
Seller shall be entitled to sign a Certificate of Acceptance on Buyer’s behalf and Buyer shall be responsible for the reasonable costs of insurance, 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	storage, and maintenance of the Aircraft incurred by Seller as a result of Buyer’s failure as aforesaid. 

  

	10.11	At least [*****] before the Scheduled Delivery Date of each Aircraft, Buyer shall provide to Seller suitable evidence of the authority of designated persons who may sign on Buyer’s behalf the Certificate of
Acceptance together with specimen signatures of the persons so authorised. 

  

	10.12	Seller shall be entitled to fly the Aircraft and to use any part thereof at its own risk and expense for such period as shall be reasonably necessary in connection with DGAC requirements for obtaining an Export
Certificate of Airworthiness and in connection with the Acceptance Flight Tests and Seller shall be under no liability to Buyer in respect of any normal use or depreciation of the Aircraft or any parts thereof occasioned thereby. 

 

	10.13	BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, EACH MEMBER, EACH OF THEIR AFFILIATES AND SELLER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “SELLER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES,
DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES (INCLUDING ATTORNEYS FEES INCURRED TO ENFORCE THIS INDEMNITY) (A) RELATING TO OR ARISING OUT OF ANY SUCH INSPECTION OR THE ACTS OR OMISSIONS OF BUYER OR ITS
INSPECTORS IN CONDUCTING ANY SUCH INSPECTION OR (B) WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST OR INCURRED BY THE SELLER PARTIES BY REASON OF INJURY TO OR DEATH OF BUYER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND
OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, INCLUDING ANY NEGLIGENCE OF SELLER OR IMPUTED TO SELLER, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE SELLER PARTIES. 

SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER, BUYER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS, THE OPERATOR AND THE OPERATOR’S
EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “BUYER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED
AGAINST THE BUYER PARTIES BY REASON OF INJURY TO OR DEATH OF SELLER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE BUYER PARTIES. 
 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES FOR DEATH OR
INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENCE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION,
DEEMS PROPER. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	11  -	TRANSFER OF TITLE, COLLECTION AND FERRY 

  

 
  

	11.1	Upon signing the Certificate of Acceptance of any Aircraft in accordance with Clause 10 (Aircraft Acceptance Procedure), Buyer shall pay to Seller [*****]. Thereupon, and subject to receipt by Seller of the full
payment of the Purchase Price for that Aircraft as aforesaid, Seller shall deliver that Aircraft to Buyer with a Bill of Sale and title to and risk of loss of or damage to that Aircraft shall pass by delivery of the Bill of Sale from Seller to
Buyer. 

  

	11.2	After transfer of title to the Aircraft to Buyer and before the Aircraft is removed from [*****], Seller shall, if requested to do so by Buyer, supply [*****]. 

In addition, upon each Aircraft delivery, Seller shall supply Buyer, [*****] to Buyer, the necessary fuel to top-up each such Aircraft fuel
tanks. 
  

	11.3	If Buyer fails to make the necessary arrangements to ferry any Aircraft from [*****] within [*****] after the date of execution of the Certificate of Acceptance, then without prejudice to any other remedies and rights
of Seller, Buyer shall, in respect of any subsequent period during which that Aircraft remains at [*****] by Seller as a result of such Buyer’s failure to perform its obligations. 

 

	11.4	The obtaining of any import licenses or authorizations required to import the Aircraft or the spares into Brazil, or any other country where the Aircraft will be operated, and any associated costs shall be the
responsibility of Buyer. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	12  -	EXCUSABLE DELAY 

  

 
  

	12.1	Seller shall not be liable to Buyer nor shall it be in default for any failure or delay in carrying out any of its obligations under this Contract including but not limited to its obligation to deliver any Aircraft on
its Scheduled Delivery Date, due to causes not within Seller’s reasonable control including, but not limited to, acts of God or the public enemy; war; warlike operations, hostilities, insurrections or riots; fires, floods, or explosions;
earthquakes; epidemics or quarantine restrictions, any act of government (including governmental requisitions, restrictions, priorities, decrees, allocations regulations or orders affecting supplies, facilities, aircraft certification or aircraft
deliveries); strikes or other labor troubles causing cessation, slowdown or interruption of work; inability after due and timely diligence to procure materials, systems, accessories equipment or parts; inability to timely procure any materials,
equipment, accessories, parts or means of transport in accordance with vendor contracts; delays in delivery of said supplies or parts subject to Seller’s orders to subcontractors or suppliers having been placed in due time; unfavourable
atmospheric conditions for air navigation during flight tests; loss of, damage to, destruction of or accident involving the Aircraft prior to delivery, serious accidents (except loss, damages, destructions and accidents caused by the negligent acts,
omissions or wilful misconduct of Seller); or any other cause beyond Seller’s reasonable control, and any such failure, including failure by Seller due to Buyer’s failure to comply with its obligations, shall be considered an
“Excusable Delay”. 

  

	12.2	Seller shall notify Buyer of any Excusable Delay as soon as practicable following receipt of actual knowledge of the occurrence of any of the above mentioned events which constitute Excusable Delays, but no later than
[*****] after such event. Seller’s notice shall include a description of the nature of the Excusable Delay and an estimate of the effects expected upon the timing of the performance of its contractual obligations. Upon written request of Buyer,
Seller shall thereafter provide with reasonable updates of the Seller’s performance under the Contract with respect to such delays. The Seller shall promptly notify Buyer of the resolution of an Excusable Delay. 

 

	12.3	In the event of an Excusable Delay affecting any Aircraft, Seller obligations under this Contract with, and solely with, respect to such affected Aircraft shall be deferred for such period or periods as may be necessary
to perform such obligations and the Scheduled Delivery Date with, and solely with, respect to such affected Aircraft shall be adjusted accordingly, provided, however, that Seller and Buyer shall use commercially reasonable efforts remove any such
cause of delay and to mitigate the impact of the event or events on the timing of the delivery of such affected Aircraft. 

For the avoidance of doubt, it is understood that as part of Seller’s efforts to remove any cause of delay and to mitigate the impact of
event or events on the timing of delivery of any affected Aircraft as set forth above, Seller shall treat Buyer fairly and equally as other ATR aircraft buyers in case other ATR aircraft than Buyer’s Aircraft are affected by the same causes of
delay as Buyer’s Aircraft. 
 If the revised delivery month is [*****] after the Schedule Delivery Date, Buyer will accept such
Aircraft when tendered for delivery, subject to the following: 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	(a)	The Pre-Delivery Payment schedule will be adjusted to reflected the revised delivery month; and 

  

	 	(b)	All other provisions, including BFE delivery dates, shall remain unaffected. 

  

	12.4	In the event that the delivery of any Aircraft shall be delayed by reason of any one or more of the causes described above in this Clause 12 for a period of more than [*****] after the end of its Scheduled Delivery Date
month, either party shall be entitled to terminate this Contract with, and solely with, respect to such undelivered Aircraft, upon written notice given to the other party within [*****] after the expiration of such [*****] period. Such termination
shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such undelivered Aircraft, services, data or other items applicable thereto and to be furnished hereunder and Seller shall pay to Buyer an
amount equal to [*****] received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is so terminated, [*****]. If either party does not so terminate this Contract as it relates to such Aircraft,
all terms and conditions hereunder applicable to such Aircraft will remain in effect. 

  

	12.5	In the event that, prior to delivery, any Aircraft is lost, destroyed or damaged beyond repair it shall be deemed an Excusable Delay (subject to the provisions of clause 12.1) and if consequently the Aircraft (or a
replacement aircraft) cannot be delivered within [*****] after the end of its Scheduled Delivery Date month, either party shall be entitled to terminate this Contract with, and solely with, respect to such undelivered Aircraft upon written notice
given to the other within [*****] after the expiration of such [*****] period. Any termination under this Clause shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such undelivered Aircraft,
services, data or other items applicable thereto and to be furnished hereunder. Seller shall pay to Buyer an amount equal to [*****] received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is
so terminated, [*****]. If either party does not so terminate this Contract as it relates to such Aircraft, all terms and conditions hereunder applicable to such Aircraft will remain in effect. 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	13  -	INEXCUSABLE DELAY 

  

 
  

	13.1	If any Aircraft is not delivered [*****] its Scheduled Delivery Date month for any reason other than an Excusable Delay as defined in Clause 12.1, such delay in delivery shall be deemed an “Inexcusable Delay”
for the purposes of this Clause. 

  

	13.2	Buyer shall have the right to claim the liquidated damages specified below in respect of any Aircraft subject to an Inexcusable Delay and the parties agree that such liquidated damages are a reasonable estimate of the
amount of damages Buyer would suffer in the event of an Inexcusable Delay. Seller shall pay to Buyer as liquidated damages an amount determined in accordance with the below table per day of Inexcusable Delay commencing on the [*****] after the last
day of the Scheduled Delivery Date month and continuing for each additional day thereafter through the earliest of (i) the actual Delivery Date of any such Aircraft, (ii) the date on which Buyer improperly refuses or delays acceptance of
any such Aircraft, or (iii) [*****] after the last day of the Scheduled Delivery Month; provided; that, in no event shall Seller be liable to Buyer for damages with respect to any Aircraft in excess of [*****] additional liquidated damages
payable pursuant to Clause 18.4(ii) hereof. 

 [*****] [*****] 

[*****] [*****] 
  

	13.3	In the event the delivery of any Aircraft is delayed by more than [*****] after the last day of its Scheduled Delivery Date month, and such delay is due to Inexcusable Delay, Buyer shall have the right to terminate this
Contract with, and solely, with respect to such undelivered Aircraft, which termination shall be effective by providing Seller with written notice of its intent to so terminate within [*****] after the expiration of such [*****] period. Any
termination under this Clause 13.3 shall discharge the parties of all obligations and liabilities (excluding any liquidated damages payable by Seller in accordance with the terms of this Clause 13) with, and solely with, respect to such undelivered
Aircraft, services, data or other items applicable thereto and to be furnished hereunder. Seller shall pay to Buyer an amount [*****] (with interest at a default per annum rate equal to [*****] up to the maximum amount permitted by applicable laws,
such interest being calculated on a daily basis) received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is so terminated, less an amount corresponding to the expenses incurred to Seller in
supplying to Buyer the product support services relating to such undelivered Aircraft. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	13.4	Buyer acknowledges and agrees that the remedies as provided in this Clause 13 are its sole and exclusive remedies with respect to Seller’s failure to deliver any Aircraft (by virtue of Inexcusable Delay) as
scheduled and that any payments made pursuant to this Clause are in full and final settlement of all claims, liabilities and damages for late delivery of any Aircraft (by virtue of Inexcusable Delay) or failure to deliver any Aircraft (by virtue of
Inexcusable Delay) and that in no event shall Seller be liable to Buyer for any consequential loss or damage. 

  

	13.5	Buyer shall not be entitled to terminate its obligations to accept and pay for any Aircraft by reason of any delay in delivery except as provided in this Clause 13 or in Clause 12 (Excusable Delay).

  
 ATR / Canela – Sale & Purchase Contract
– 20 Firm + 20 Option ATR 72-600 

  

					
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	14  -	INSURANCE AND INDEMNITY 

  

 
  

	14.1	Buyer shall obtain and maintain at its own expense, or cause the Operator to obtain and maintain at its own expense, hull third party and passenger legal liability insurance policies as hereinafter provided in respect
of the Aircraft to be effective on transfer of title to Buyer, provided however that the Operator’s obtaining and maintaining such insurance will relieve Buyer of any obligation to provide such insurance. Prior to such transfer of
title all insurance in respect of the Aircraft shall be the responsibility of Seller. 

  

	14.2	Not less than [*****] before the Scheduled Delivery Date of each Aircraft, Buyer shall deliver or cause to be delivered to Seller a certificate of insurance evidencing the cover required on transfer of title as
aforesaid. 

  

	14.3	At all times following delivery of any Aircraft, in respect of periods during which training of Buyer’s pilots or the Operator’s pilot is conducted or expected to be conducted by Seller in respect of any
Aircraft, the Aircraft shall in all respects remain at Buyer’s or Operator’s risk and Buyer hereby: 

  

	 	14.3.1	Indemnifies and holds harmless Seller, each member, each of their affiliates and Seller’s employees, directors, agents, subcontractors and officers (the “Seller Parties”) against all liabilities,
obligations, penalties, damages, losses and judgments, costs, attorneys’ fees and other expenses (including attorneys fees incurred to enforce this indemnity) relating to or arising out either directly or indirectly of flight or ground training
performed on the Aircraft in the course of such training which may be asserted, assessed or accrued against or incurred by the Seller Parties by reason of injury to or death of Buyer or the Operator’s parties (whichever has received the
training) arising out of or in connection with such flight or ground training (except to the extent of gross negligence or willful misconduct of the Seller Parties) and waives any claim against the Seller Parties arising out of such flight or ground
training unless such claim is made within the terms of the aircraft warranties contained herein, and 

  

	 	14.3.2	Undertakes to join Seller’s name in Buyer’s hull, third party and passenger legal liability insurance policies (which shall be taken out and maintained in a manner and with insurers to be reasonably approved
in writing by Seller) for the period of such flight or ground training in such a manner that Seller is held harmless under the hull policy and is indemnified as an additional assured under the third party and passenger legal liability insurance
policies. The said liability policies of insurance shall provide the following minimum limits of cover: 

  

	 	(i)	Public liability / property damage / passenger and baggage legal liability, any one accident / occurrence / unlimited in all: [*****]; 

 

	 	(ii)	The hull policy of insurance shall provide a waiver of recourse by the insurers, whether by subrogation or otherwise, against Seller, its officers, employees, servants, directors or agents. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	15  -	BUYER SPECIFIED EQUIPMENT AND INFORMATION 

  

 
  

	15.1	Upon terms and conditions to be agreed in writing, Seller shall provide for the installation of the equipment to be furnished by Buyer (if any), and designated “Buyer Furnished Equipment” in Appendix A
(Specification) appended hereto. 

 Seller shall advise Buyer with sufficient notice to Buyer of the dates by which
Seller needs a written detailed description of the dimensions and weight of Buyer Furnished Equipment and information necessary for the installation and operation thereof, so that Seller may meet the Scheduled Delivery Dates of the Aircraft. 

At the request of Seller, Buyer will consign at Seller’s facilities any spare Buyer Furnished Equipment items of a critical nature, i.e.
items that if found unserviceable could impair the assembly, the testing or the acceptance of the Aircraft. Such spare items, if any, will be returned to Buyer with the last delivered Aircraft. 

 

	15.2	Any delay or failure by Buyer in providing the descriptive information or in furnishing Buyer Furnished Equipment giving rise to a delay in the performance of Seller’s obligations under this Contract, will result
in a delay in the date at which Seller shall be required to meet its obligation to deliver the Aircraft and, if such delay is more than [*****], will cause the Base Purchase Price of the Aircraft concerned to be increased by the amount of
Seller’s additional costs, if any, and escalation attributable to such delay or failure by Buyer. In no event shall Seller be liable to Buyer for damages or penalties with respect to delay in the date at which Seller shall be required to meet
its obligation to deliver the Aircraft, or liable for any damages, including without limitation any other direct, incidental, special or consequential loss or damage resulting from Buyers delay in providing Buyer Furnished Equipment.

  

	15.3	Buyer will [*****] arrange for the Buyer Furnished Equipment [*****]. 

  

	15.4	Title to and risk of loss of any Buyer Furnished Equipment shall at all times remain with Buyer, who may take out an insurance covering such risks. Except as required by non-waivable provisions of applicable law, Seller
shall have no responsibility or reliability for Buyer Furnished Equipment. Seller shall however undertake to exercise all due skill and care in the installation of all Buyer Furnished Equipment. 

 

	15.5	If Buyer requests Seller to directly supply certain items which are considered as Buyer Furnished Equipment as per the Specification and if such request is notified to Seller in due time in order not to affect the
Scheduled Delivery Date of the Aircraft, Seller shall order such items subject to the execution of an SCN reflecting the effect on price, escalation adjustment and other possible conditions of the Contract. 

 

	15.6	For the avoidance of doubt, none of the warranties or guarantees given by Seller shall apply to Buyer Furnished Equipment even in a case of Seller directly supplying them. 

 

	15.7	Seller shall bear no liability in respect of any product support relating to any Buyer Furnished Equipment, provided that Seller has exercised due skill and care in the installation of any such Buyer Furnished Equipment
as required under Clause 15.4 hereof. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	15.8	BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS SELLER FROM AND AGAINST ALL CLAIMS AND LIABILITIES, INCLUDING COSTS AND EXPENSES (INCLUDING ATTORNEYS’ FEES) INCIDENT THERETO OR INCIDENT TO SUCCESSFULLY ESTABLISHING THE
RIGHT TO INDEMNIFICATION, FOR INJURY TO OR DEATH OF ANY PERSON OR PERSONS, INCLUDING EMPLOYEES OF BUYER BUT NOT EMPLOYEES OF SELLER, OR FOR LOSS OF OR DAMAGE TO ANY PROPERTY, INCLUDING ANY AIRCRAFT, ARISING OUT OF OR DIRECTLY CONNECTED WITH ANY
NONCONFORMANCE OR DEFECT IN ANY BFE. THIS INDEMNITY WILL NOT APPLY WITH RESPECT TO ANY NONCONFORMANCE OR DEFECT CAUSED BY BUYER’S INSTALLATION OF THE BFE. 

  

	15.9	BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS SELLER FROM AND AGAINST ALL CLAIMS, SUITS, ACTIONS, LIABILITIES, DAMAGES AND COSTS ARISING OUT OF ANY ACTUAL OR ALLEGED INFRINGEMENT OF ANY PATENT OR OTHER INTELLECTUAL
PROPERTY RIGHTS BY BFE OR ARISING OUT OF THE INSTALLATION OR USE OF BFE BY SELLER. 

  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	16  -	CUSTOMER SUPPORT SERVICES, GUARANTEES AND WARRANTIES 

  

 
  

	16.1	Seller shall provide the spare parts services provided for in Appendix D (Spare Parts Procurement), the product warranties provided for in Appendix E (Warranties), the customer support services provided
for in Appendices F (Technical Publications), G (Engineering Assistance), H (Start-Up Team), I (Field Service), J (Training) and the guarantees provided for in Appendices L (Performance Guarantees)
and M (Dispatch Reliability Guarantee) appended hereto. 

  

	16.2	Seller shall deliver the Aircraft and spares to Buyer together with applicable documentation and manuals therefor in hard copy or otherwise (below in this Clause collectively referred to as “Manuals”), and
Buyer shall accept the same, with the benefits and subject to all the terms and conditions of the warranties and other provisions contained in Appendix F (Technical Publications). 

 

	16.3	WAIVER, RELEASE AND RENUNCIATION 

 ALL WARRANTIES, SUPPORT SERVICES AND GUARANTEES OF SELLER
AND REMEDIES OF BUYER SET FORTH IN CLAUSE 16.1, THE RELATED APPENDICES AND THE BILL OF SALE ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS, GUARANTEES AND LIABILITIES OF
SELLER AND RIGHTS, CLAIMS AND REMEDIES OF BUYER AGAINST SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, TRAINING, SERVICES, ACCESSORY OR PART DELIVERED TO AND
ACCEPTED BY BUYER UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO: 
  

	 	(A)	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR OR ANY PURPOSE, 

  

	 	(B)	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, 

  

	 	(C)	ANY OBLIGATION OR LIABILITY OF SELLER OR ANY RIGHT, CLAIM OR REMEDY OF BUYER IN CONTRACT OR IN TORT, WHETHER OR NOT ARISING FROM SELLER’S NEGLIGENCE, ACTUAL OR IMPUTED, AND 

 

	 	(D)	ANY OBLIGATION OR LIABILITY OF SELLER OR ANY RIGHT, CLAIM OR REMEDY OF BUYER FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART, FOR LOSS OF USE, REVENUE OR PROFIT WITH RESPECT TO ANY
AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART, OR FOR ANY DIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, 

PROVIDED THAT IN THE EVENT THAT ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON IS HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER
OF THIS SECTION 16.3 SHALL REMAIN IN FULL FORCE AND EFFECT. 
  
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THE WARRANTIES, SUPPORT SERVICES AND GUARANTEES SET FORTH IN SECTION 16.1 SHALL NOT BE EXTENDED, ALTERED OR VARIED EXCEPT BY A WRITTEN
INSTRUMENT SIGNED BY SELLER AND BUYER. 
 NOTWITHSTANDING THE FOREGOING, THIS CLAUSE 16.3 SHALL NOT APPLY TO ANY DEFECT OR FAILURE IN ANY
SERVICE DELIVERED OR PROVIDED BY SELLER UNDER THIS CONTRACT WHERE SUCH DEFECT OR FAILURE WAS CAUSED BY SELLER’S GROSS NEGLIGENCE; 
  

	16.4	WITHOUT LIMITING THE WAIVER, RELEASE AND RENUNCIATION SET FORTH IN SECTION 16.3, AND SUBJECT TO SECTIONS 13.2 AND 13.4, BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL CLAIMS TO ANY FURTHER DAMAGES, DIRECT, SPECIAL,
INCIDENTAL OR CONSEQUENTIAL, INCLUDING LOSS OF PROFITS, REVENUE OR USE OF AN AIRCRAFT, AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES, ARISING UNDER OR BY VIRTUE OF A BREACH OF THIS CONTRACT, ANY NONCONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT,
EQUIPMENT, TRAINING, SERVICES, ACCESSORY OR PART OR ANY OTHER SELLER NONPERFORMANCE UNDER THIS CONTRACT. 

  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	17  -	OPTION AIRCRAFT & ADDITIONAL AIRCRAFT 

  

 
  

	17.1	In addition to the twenty (20) Firm Aircraft, Buyer shall have the option to purchase ten (10) optional aircraft (the “Option Aircraft”) as provided for in Appendix N (Option Aircraft).

  

	17.2	In addition to the twenty (20) Firm Aircraft and ten (10) Option Aircraft, Buyer shall have the right to purchase ten (10) additional aircraft (the “Additional Aircraft”) as provided for in
Appendix O (Additional Aircraft). 

  
 ATR / Canela
– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	18  -	SUPPLY OF INTERIM CAPACITY 

  

 
  

	18.1	Scope 

  

	 	18.1.1	In consideration of Buyer acquiring the Aircraft and subject to such acquisition, Seller is willing to assist Buyer to source interim capacity in order to maximize the number of aircraft operated by the Operator
starting from December 2010 and subsequently during the years 2011 and 2012. 

  

	 	18.1.2	Seller shall procure or cause to procure to the Operator [*****] used ATR 72-200 aircraft (the “Used Aircraft”) on [*****]. 

In that respect, Seller has at this time identified [*****] used ATR 72-200 aircraft from its own asset portfolio and from [*****] is ready
to [*****] to the Operator on a [*****]. The Used Aircraft currently contemplated for [*****] by the Operator are [*****] ATR 72-200 aircraft bearing [*****]. The Lease of such Used Aircraft is subject to entry into mutually acceptable leasing
arrangements consistent with Appendix P (Used Aircraft Operating Lease Terms) hereto. 
  

	 	18.1.3	The availability of the Used Aircraft remains however subject to the receipt by Seller from Buyer of the Used Aircraft [*****], as detailed in Appendix P (Used Aircraft Operating Lease Terms) hereto.

 Seller hereby acknowledges receipt of the Used Aircraft [*****] for the [*****] Used Aircraft to be procured by Seller
hereunder. 
 For the avoidance of doubt, each Used Aircraft [*****] will be [*****] in accordance with the terms of Clause 6.2.7 hereof.

  

	 	18.1.4	In addition, Seller reserves the right to replace any of the Used Aircraft listed above by another used ATR 72-200 aircraft bearing a different Manufacturer Serial Number, being understood that such replacement used
aircraft may be owned and leased by a third-party lessor or operator. 

  

	18.2	Used Aircraft Operating Lease Terms 

  

	 	18.2.1	The [*****] Used Aircraft shall be available for delivery starting from December 2010 and onwards. 

  

	 	18.2.2	The proposed terms relating to the Used Aircraft operating leases, including but not limited to aircraft delivery and return conditions, lease term, rentals and securities are detailed in Appendix P (Used Aircraft
Operating Lease Terms) hereto. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	18.2.3	The specifications of each Used Aircraft will be communicated to the Operator as soon as practicable and at the latest at the stage of each Used Aircraft operating lease agreement negotiation. 

 

	18.3	Training Services Advance 

 Subject to the payment by Buyer to Seller of all pre-delivery
payments for each Aircraft then due and payable in accordance with Clause 6.2 hereof, the following training services for the Aircraft may be advanced to be used before the Used Aircraft entry into service so as to ensure adequate Used Aircraft
introduction in the Operator’s fleet: 
  

	 	–	Flight crew courses set forth in Clause 3.1 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	–	Cabin crew courses set forth in Clause 3.2 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	–	Mechanics courses set forth in Clause 3.3 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	–	Ground staff courses set forth in Clause 3.4 of Appendix J (Training) for the first [*****] Firm Aircraft; and 

  

	 	–	Customer service assistance set forth in Appendix I (Field Service) hereof. 

 Any such
advanced training as detailed above will be provided for the ATR 72-200 type where applicable (that is for the avoidance of doubt for the flight crew transition course, flight crew TRI courses, flight attendant instructor courses and mechanics T1
and T1 additional module courses). 
 The difference courses from the Used Aircraft ATR 72-200 type to the ATR 72-600 Aircraft type will be
[*****] by Seller to Buyer for such pilots, flight attendants and mechanics initially trained to ATR 72-200 Used Aircraft type. 
 For the
avoidance of doubt, the right granted to Buyer to benefit from any such training services advance and from any ATR 72-200 to ATR 72-600 difference training shall be assigned by to the Operator in the event of an assignment by the Buyer to the
Operator of the training services set forth in Appendix J (Training) and Appendix I (Field Service) hereof. 
  

	18.4	Lease Extension due to Firm Aircraft Delivery Delay 

 Should (i) a delay in delivery of a
Firm Aircraft lead to a lease extension of any Used Aircraft, and (ii) any Used Aircraft for which a lease extension is so required need airframe check(s) (C / 2Ye / 4Ye / 8Ye / 36,000 Cy) performed during the lease extension period, then
during the period of airframe check performance (and solely during such period): 
  

	 	(i)	[*****] and 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	(ii)	In case of an Inexcusable Delay, Buyer shall be entitled to supplemental liquidated damages, in addition to the liquidated damages provided in Clause 13.2, in the amount of [*****] for each day of such airframe check
performance. 

  

	18.5	[*****] 

  

	 	18.5.1	[*****] 

 [*****] 
  

	 	18.5.2	[*****] 

 [*****] 
  

	 	18.5.3	[*****] 

 [*****] 
  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	18.5.4	[*****] 

 [*****] 

[*****] [*****] [*****] 

[*****] [*****] [*****] 

                       
     [*****] 
  

	 	18.5.5	[*****] 

 [*****] 

[*****] 
  

	18.6	In case of contradiction and/or inconsistency between this Contract and any Used Aircraft Operating Lease Agreement (as defined in Appendix P (Used Aircraft Operating lease Terms) hereof), any such Used Aircraft
Operating Lease Agreement shall prevail. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	19—	MISCELLANEOUS 

  

 
  

	19.1	Save as expressly provided in this Contract, no alteration of the terms of this Contract shall be effective unless contained in a written document signed by Authorised Representatives of both parties. 

 

	19.2	If a provision of this Contract is or becomes illegal, invalid or cannot be enforced in any jurisdiction, that will not affect: 

  

	 	19.2.1	The legality, validity or enforceability in that jurisdiction of any of the other provisions of this Contract; or 

  

	 	19.2.2	The legality, validity or enforceability in any other jurisdiction of that or any other provision of this Contract. 

  

	19.3	This Contract is the whole agreement between Seller and Buyer for purchasing the Aircraft and supersedes and replaces all previous agreements, understandings, commitments or representations whatsoever whether oral or
written, including for the sake of clarity the Heads of Agreement executed by and between Seller and Buyer on July 16th 2010. 

  

	19.4	Buyer and Seller agree that this Contract is an international supply contract which has been the subject of discussion and negotiation, that all its terms and conditions are fully understood by the parties, and that the
price of the Aircraft and the other mutual agreements of the parties set forth herein were arrived at in consideration of the provisions hereof specifically including all waivers, releases and renunciations by Buyer set out herein.

  

	19.5	The time stipulated in this Contract for all payments by Buyer to Seller or by Seller to Buyer and for each party to perform its obligations under this Contract will be of the essence. 

 

	19.6	Each party shall, and shall use all reasonable endeavours to procure that third parties shall, execute and sign such documents and do such acts and things as any other party shall reasonably request in order to carry
out the intended purpose of this Contract or to establish, perfect, preserve or enforce that party’s rights under this Contract. 

  

	19.7	There are no third party beneficiaries of this Contract. No person who is not a party to this Contract shall have, under this Contract, any benefit or right to enforce any of its terms. 

 

	19.8	The indemnities, waivers, disclaimers and exculpations set forth in this Contract including but not limited to these contained in Sections 14 and 16 shall survive the expiration or termination of this Contract with
respect to any or all Aircraft. 

  
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Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	20  -	TAXES 

  

 
  

	20.1	Seller shall pay, indemnify and hold Buyer harmless from any and all Taxes [*****]. Buyer shall pay, indemnify and hold Seller harmless from [*****]. Upon the request of either Party, the other Party shall execute and
deliver to the requesting Party any document reasonably necessary or desirable in connection with an exemption from, reduction of or the contesting of the imposition of any Taxes resulting from or arising in connection with this Contract and the
sale of the Aircraft under this Contract. In the event that any Tax that is subject to indemnification pursuant to this Section 20.1 is imposed on a Party, the Party seeking indemnification shall promptly notify the other Party of the
imposition of such Taxes, provided that the failure to promptly notify the indemnifying Party will not relieve the indemnifying Party of its obligations pursuant to this Section 20.1 except to the extent that such failure harms the
indemnifying Party,. 

  

	20.2	In addition to the above, and for the sake of clarity, in case of a withholding tax being applied on the payment of the Purchase Price of any Aircraft, Buyer shall make a complementary payment to Seller in an amount
equal to the amount of the withholding tax, so that the net amount received by Seller is equal to the amount which would have been received by Seller had no such withholding tax been levied. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	21  -	PATENT INDEMNITY 

  

 
  

	21.1	Seller shall, within [*****] calendar days of notice, indemnify Buyer and Buyer’s officers, employees, agents and shareholders from and against any damages, costs or expenses including legal costs (excluding
damages, costs, expenses, loss of profits and other liabilities in respect of or resulting from loss of use of the Aircraft) resulting from any infringement or claim of infringement of: 

 

	 	(a)	Any [*****] patent, or 

  

	 	(b)	Any patent issued under the laws of any other country in which Buyer or the Operator may lawfully operate the Aircraft, provided that: 

 

	 	(i)	From the time of design of the Aircraft, accessory, spares, equipment or part and until infringement claims are resolved, such country and the flag country of the Aircraft are legally bound by and recognise their
obligations and duties under the Chicago Convention on International Civil Aviation of December 7, 1944 and the flag country is fully entitled to all benefits of Article 27 thereof, or, in the alternative, 

 

	 	(ii)	From such time of design and until infringement claims are resolved such country must either be a party to the International Convention for the protection of Industrial Property, or have in full force and effect patent
laws which recognise and give adequate protection to patents issued under the laws of other countries. 

  

	21.2	Should any unit or part of the Aircraft be held to infringe any patent and should Buyer be enjoined from using same, Seller will then at its option and at its expense: 

 

	 	(i)	Procure for Buyer the right to use the unit or part thereof free of any liability for patent infringement, or, 

  

	 	(ii)	Replace as soon as possible the unit or part thereof with a non-infringing substitute otherwise complying with the requirements of this Contract. 

 

	21.3	If a suit is commenced or threatened against Buyer for infringement or if Buyer receives a written claim alleging infringement, Buyer shall forthwith notify Seller giving particulars thereof and shall use diligent
efforts in full co-operation with Seller to reduce royalties, damages, costs and expenses involved and shall, subject to applicable law, furnish to Seller all data, papers, records and other assistance within Buyer’s knowledge, control or
possession, which may be used as material to resistance or defense against such claim or suit. 

 Buyer shall refrain from
admitting any liability or making any payment or assuming any expenses, damages, costs or royalties for which Seller may be asked to assume liability or otherwise acting in a manner prejudicial to Seller’s defense or resistance to such suit or
claim. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Seller shall upon demand indemnify Buyer against any damages, costs or expenses (excluding damages, costs, expenses, loss of profits and other
liabilities in respect of or resulting from loss of use of the Aircraft) incurred by Buyer in so cooperating with Seller or in performing or omitting to perform any action pursuant to this Clause 21.3. 

 

	21.4	For the avoidance of doubt, the indemnity contained in this Section 21 is subject to the exclusions contained in Article 16.3 and 16.4. 

 
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	22  -	TERMINATION 

  

 
  

	22.1	In the event that either Seller or Buyer: 

  

	 	22.1.1	Is unable to or admits in writing its inability to pay its debts generally as they become due or makes a general assignment for the benefit of creditors; or 

 

	 	22.1.2	Files a voluntary petition under bankruptcy, reorganization or insolvency laws or if such a petition is filed against Buyer or Seller and such petition is not discharged within [*****]; or 

 

	 	22.1.3	Petitions for, or acquiesces in, the appointment of any receiver, trustee, custodian or similar officer to liquidate or conserve its business or any substantial part of its assets; or 

 

	 	22.1.4	Commences under the laws of any competent jurisdiction any proceeding involving its insolvency, readjustment of debt, dissolution, liquidation, reorganization or any other similar proceeding for the relief of
financially distressed debtors; or 

  

	 	22.1.5	Becomes the object of any proceeding or action of the type described in Subsections 22.1.3 or 22.1.4 above relating to a substantial part of its assets and such proceeding or actions remains undismissed or unstayed for
a period of at least [*****]; or 

  

	 	22.1.6	Is divested of a substantial part of its assets, or suspends a substantial part of his business, or ceases doing business for a period of at least [*****]; or 

 

	 	22.1.7	Is subject to an “order for relief” under the United States bankruptcy code, 

 then
the other party may, to the full extent permitted by law, by written notice terminate all or part of this Contract. 
  

	22.2	If Buyer fails, in breach of this Contract, to: 

  

	 	22.2.1	Pay any Pre-Delivery Payment set forth in Clause 6.2 with respect to any Aircraft on the due date for such payment; or 

  

	 	22.2.2	Take delivery of any Aircraft when tendered for delivery in accordance with the terms of this Contract; or 

  

	 	22.2.3	Deliver the signed Certificate of Acceptance to Seller for any Aircraft in compliance with Clause 10.9; or 

  

	 	22.2.4	Pay the Purchase Price to Seller for any Aircraft in compliance with Clause 11.1; or 

  

	 	22.2.5	Perform or comply with any material obligation expressed to be assumed by Buyer under this Contract with respect to any Aircraft or under any Used Aircraft operating lease, 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 Execution version 

 
 and such failure (a “Buyer Default”) continues for a period of
more than [*****] after the receipt of notice by Buyer from Seller to correct such failure, then Seller may without prejudice to its other rights under this Contract, by written notice to Buyer: 

 

	 	(a)	Terminate this Contract by written notice to Buyer with, and solely with respect to any such Aircraft for which Buyer has defaulted in its obligations; and/or 

 

	 	(b)	Proceed by appropriate court action or actions to enforce performance of this Contract, including without limitation the payment of all other amounts due by Buyer to Seller pursuant to this Contract; and/or

  

	 	(c)	Proceed by appropriate court action to recover damages for breach of this Contract. 

 Any
termination under this Clause 22.2 shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such Aircraft for which the Contract is so terminated and any related services, data or other items
applicable thereto and to be furnished hereunder and, Seller, without prejudice to any other rights and remedies available to it under this Contract or by law, shall be entitled to [*****] under this Contract with, and solely with, respect to any
such Aircraft for which the Contract is so terminated. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	23  -	TERMINATION PROCEDURE 

  

 
  

	23.1	To the fullest extent permitted by law, the termination of this Contract, pursuant to Clause 22 (Termination) shall become effective immediately upon receipt by the relevant party of the written notice sent by
the other party without it being necessary for either party to take any further action or to seek any consent from the other party or any court having jurisdiction. 

 

	23.2	The right of the parties to terminate this Contract shall be without prejudice to any other rights and remedies available to such party to seek termination of this Contract before any court having jurisdiction pursuant
to any failure by the other party to perform its obligations under this Contract. 

  

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24  - CONFIDENTIAL NATURE OF CONTRACT AND INFORMATION 

 
  
  

	24.1	This Contract is confidential between the parties and shall not without prior written consent of the other party be disclosed by either party in whole or in part to any other person or body except (i) their
employees, attorneys, accountants, financial advisors, lenders (including for the sake of clarity any entity with whom Buyer may enter into a sale and lease back transaction), investors and consultants having a need to know for the purpose of
implementing the provisions of this Contract and only to the extent that such persons are bound by similar confidentiality covenants and that the relevant party has been informed in writing of the disclosure of this Contract to such persons or
(ii) as may be required under law or by government entities or (iii) insofar as may be necessary for either party to carry out its obligations under applicable laws or regulations. 

 

	24.2	Any and all studies, reports, analyses, forecasts, or other documents relating to traffic, revenue, or costs predicted in connection with the Operator’s possible use of the Aircraft given or made available to
Buyer, whether prepared in whole or in part by Seller or at Seller’s direction, shall, if used by Buyer, be a matter wholly for Buyer’s judgment and in no circumstances shall Seller be liable to Buyer or any third party for any
consequences that may flow from such use and Buyer indemnifies Seller in respect of any such liability to any third party. Such documents are confidential and shall not without prior written consent of Seller be disclosed in whole or in part by
Buyer to any third party except (i) as may be necessary under any applicable law and (ii) to the extent such information or documents are or become part of the public domain. 

 

	24.3	Except as may be reasonably required for the normal operation, maintenance, overhaul and repair of the Aircraft, Buyer shall hold confidential all technical data, documents and information supplied by or on behalf of
Seller and shall not reproduce any such technical data, documents or information or divulge the same to any third party without the prior written consent of Seller except (i) as may be necessary under any applicable law and (ii) to the
extent such information or documents are or become part of the public domain. 

  

	24.4	The submission of such studies, reports, analyses, forecasts, or other documents referred to above, and any use made thereof by Buyer or Seller, shall in no circumstances constitute a joint venture, partnership or other
similar relationship between Seller and Buyer. 

  

	24.5	If applicable law requires disclosure, the parties hereto will coordinate the timing of such disclosure. 

  

	24.6	Either party may announce the signing of this Contract by means of a notice to the press, subject to prior approval of the other party and provided always that the other party has agreed in advance to the content of
such notice. 

  
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	25  -	COLLATERAL AGREEMENTS AND REPRESENTATIONS 

  

 
  

	25.1	The parties have negotiated this Contract (and the other related agreements entered into between the parties on the date hereof) on the basis that the terms and conditions set out herein represent the entire agreement
between them relating in any way whatsoever to the Aircraft, services and spares which form the subject matter of this Contract and accordingly they agree that all liabilities for and remedies in respect of any representations made are excluded save
insofar as provided in this Contract (and the other related agreements entered into between the parties on the date hereof). Neither party shall have any claim against the other on the grounds that it has placed any reliance whatsoever on any
representations, agreements, statements, or understandings, whether oral or in writing, made prior to the date of this Contract, other than those expressly incorporated or recited in this Contract (or any other related agreement entered into between
the parties on the date hereof). 

  

	25.2	No studies, reports, analyses, forecasts, or other documents relating to traffic, revenue, or costs predicted in connection with Buyer’s possible use of the Aircraft prepared by or at the direction of Seller and
given to Buyer shall constitute or evidence warranties, representations, or any contractual or other commitments on the part of Seller and do not form part of this Contract, and Buyer waives any claims against Seller that it has placed any reliance
on any statement in any such document for any purpose. All assumptions reflected in any such documents are based on information available to Seller when prepared and are subject to change. The accuracy and reliability of such information varies
according to the availability of information to Seller. Accordingly, conclusions based on these assumptions are indicative only and Seller disclaims responsibility and Buyer accepts that Seller is not liable for any decisions made, expenses
incurred, or opportunities foregone by Buyer after receipt of any such document or information. 

  

	25.3	Seller represents to Buyer that, at the date of execution of this Contract and on each successive Delivery Date: 

  

	 	(1)	It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation; 

  

	 	(2)	It has the power to own its assets and to carry on its business as it is being conducted; 

  

	 	(3)	The obligations expressed to be assumed by it in this Contract are legal, valid, binding and enforceable obligations; 

  

	 	(4)	It has the power to enter into, perform and deliver, and has taken all necessary action to authorize its entry into and performance of this Contract and the transactions contemplated by this Contract; and

  

	 	(5)	All Authorisations required or desirable (a) to enable it lawfully to enter into, exercise its rights and comply with its obligations under this Contract, and (b) to make this Contract admissible in evidence
in its jurisdiction of incorporation have in each case been obtained or effected and are in full force and effect. 

  

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The representations made in this Clause 25.3 are made by Seller on the date of execution of this Contract and on each Delivery Date. 

 

	25.4	Buyer represents to Seller that, at the date of execution of this Contract and on each Delivery Date: 

  

	 	(1)	It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation; 

  

	 	(2)	It has the power to own its assets and to carry on its business as it is being conducted; 

  

	 	(3)	The obligations expressed to be assumed by it in this Contract are legal, valid, binding and enforceable obligations; 

  

	 	(4)	It has the power to enter into, perform and deliver, and has taken all necessary action to authorize its entry into and performance of this Contract and the transactions contemplated by this Contract; and

  

	 	(5)	All Authorisations required or desirable (a) to enable it lawfully to enter into, exercise its rights and comply with its obligations under this Contract, and (b) to make this Contract admissible in evidence
in its jurisdiction of incorporation have in each case been obtained or effected and are in full force and effect. 

 The
representations made in this clause 25.4 are made by Buyer on the date of execution of this Contract and on each Delivery Date. 
  

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	26  -	ASSIGNMENT OF CONTRACT 

  

 
  

	26.1	This Contract is not assignable in whole or in part without the prior written consent of the other party except; 

  

	 	26.1.1	Buyer may assign its rights to purchase the Aircraft for the purpose of financing of the Aircraft, in whole or in part, provided, however, that Buyer so notifies Seller in writing in advance, and such assignment is
subject to the limitations of this Contract; 

  

	 	26.1.2	Assignment of Warranties, Product Support, Training and other rights and obligations to the Operator. 

Buyer intends to lease each of the Aircraft to the Operator. In connection with the lease of the Aircraft, Seller hereby consents that Buyer
assigns to the Operator its rights and obligations relating to any Used Aircraft as well as to any warranties, guarantees, spare parts procurement, technical publications, technical assistance, training and other product support services, including
but not limited to the following Clauses and Appendixes, provided however that such assignment shall not incur obligations for Seller in addition to the obligations under this Contract: 

 

	 	–	Clause 16 (Customer Support Services, Guarantees and Warranties) 

  

	 	–	Clause 18 (Interim Aircraft) 

  

	 	–	Appendix D (Spare Parts Procurement) 

  

	 	–	Appendix E (Warranties) 

  

	 	–	Appendix F (Technical Publications) 

  

	 	–	Appendix G (Engineering Assistance) 

  

	 	–	Appendix H (Start-Up Team) 

  

	 	–	Appendix I (Field Service) 

  

	 	–	Appendix J (Training) 

  

	 	–	Appendix L (Performance Guarantee) 

  

	 	–	Appendix M (Dispatch Reliability Guarantee) 

 Such assignment will be accomplished by a
tripartite agreement entered into by and between Seller, Buyer and the Operator. Pursuant to any such assignment, the Operator shall be bound to the same confidentiality provisions as the Buyer with respect to disclosure and reproduction of all
technical data, documents and information supplied by or on behalf of Seller. 
  

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	 	26.1.3	Seller may assign in whole or in part any of its rights to receive money hereunder; and 

  

	 	26.1.4	Seller’s interest in this Contract shall be assignable in pursuance of any merger, consolidation or re-organisation or voluntary sale or transfer of all or substantially all Seller’s assets. 

 

	26.2	Notwithstanding any assignment of this Contract under clause 26.1.1 or 26.1.2, Buyer shall remain fully liable to Seller to perform all the obligations and duties of Buyer hereunder and the exercise by any assignee of
any of the rights assigned shall not release Buyer from any of its duties or obligations to Seller under this Contract, save to the extent that such exercise by the assignee shall constitute performance of such duties and obligations.

  

	26.3	Notwithstanding any assignment of this Contract under clause 26.1.3 or 26.1.4, Seller shall remain fully liable to Buyer to perform all the obligations and duties of Seller hereunder and the exercise by any assignee of
any of the rights assigned shall not release Seller from any of its duties or obligations to Buyer under this Contract, save to the extent that such exercise by the assignee shall constitute performance of such duties and obligations.

  
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– 20 Firm + 20 Option ATR 72-600 

  

					
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	27  -	APPLICABLE LAW & ARBITRATION 

  

 
  

	27.1	Governing Law 

 Pursuant to and in accordance with Section 5-1401 of the New York General
Obligations Law, the parties hereto agree that this Contract in all respects shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within the State of New
York (Exclusive of Section 7-101 of the New York General Obligations Law which is inapplicable to this Contract). 
  

	27.2	Arbitration 

  

	 	27.2.1	Any dispute (a “Dispute”) arising out of or in connection with this Contract (including a dispute regarding the existence, validity or termination of this Contract or the consequences of its nullity) shall be
referred to and finally resolved by arbitration under the Rules of Arbitration of the International Chamber of Commerce (ICC) (the “Rules”), which Rules are deemed to be incorporated by reference into this arbitration agreement.

  

	 	27.2.2	The arbitral tribunal shall consist of three (3) arbitrators. The seat of arbitration shall be New York, U.S.A. All hearings shall take place in New York, New York and the language of the arbitration shall be
English. 

  

	 	27.2.3	The governing law of this arbitration agreement shall be the substantive laws of the State of New York, U.S.A. 

  

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	28  -	NOTICES 

  

 
  

	28.1	Any notices to be served hereunder may be addressed in the case of Seller: 

 By post to
                        Avions de Transport Regional 

                        
                  1 Allée Pierre Nadot 

                        
                  31712 Blagnac Cedex 

                        
                  France 

                        
                  Attention:             Senior Vice President Commercial 

By facsimile to +33 5 6221 6336 

By email
to:                      contracts@atr.fr 

and in the case of Buyer: 
 By
post to                         Canela Investments LLC 

                        
                  c/o Azul Linhas Aéreas Brasileiras S/A 

                        
                  Alameda Surubiju, 2010 

                        
                  Alphaville Industrial, Barueri 

                        
                  Sao Paulo 

                        
                  Brazil 

                        
                  Attention:             Vice President / Legal Director 

By facsimile to +55 11 4134 9890 

By email
to:                      contratos@voeazul.com.br 
  

	 	28.2	All notices and requests required or authorised hereunder shall be given in writing either by personal delivery to an Authorised Representative of the party to whom the same is given or by registered mail (return
receipt requested) or by facsimile and the date upon which any such notice or request is so personally delivered or if such notice or request is given by facsimile, the date upon which it is received by the addressee shall be deemed to be the
effective date of such notice or request, provided that the sender has received oral or written confirmation from the recipient that all pages of the notice or request were received in legible form. Advance copies may however be delivered by email
to the electronic addresses set forth above. 

  

	 	28.3	All notices, communications and documents to be given under this Contract shall be in English. If they are not in English, they must be given with a certified English translation. If there is any difference between the
English version of any notices given or to be given in connection herewith and any version in any other language, the English version will apply. 

  

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EXECUTION PAGE 
  

 
 IN WITNESS WHEREOF the parties have signed this
Contract in two (2) original copies in the English language on the date first above written, each party acknowledging receipt of one such copy. 
  

							
	 For and on behalf of:
 CANELA
INVESTMENTS LLC
	  		  	
		  		  	
		 		  		  	
	Signature:	 	 /s/ Gerald B. Lee
	  		  	
	Name:	 	Gerald B. Lee	  		  	
	Title:	 	Managing Director	  		  	
	Date:	 	14/12/2010	  		  	
		 		  		  	

  

							
	 For and on behalf of:
 AVIONS DE
TRANSPORT REGIONAL
	  		  	
		  		  	
		 		  		  	
	Signature:	 	 /s/ Filippo Bagmato
	  		  	
	Name:	 	Filippo Bagmato	  		  	
	Title:	 	CEO HTR	  		  	
	Date:	 	14/12/2010	  		  	
		 		  		  	

  
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 APPENDIX A 

SPECIFICATION 
  

 
 The ATR 72-600 Technical Specification DO/T 3864/07
dated May 2008 is issued as a separate document. It is amended in accordance with the following list. 
  

	1	ATR 72-600 TECHNICAL SPECIFICATION – DO/T 3864/07 DATED MAY 2008 

  

	 	[*****]	

  

	 	u	 	Two Pratt & Whitney PW 127M engines & Hamilton/Ratier 568F propellers 

  

	 	[*****]	

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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 [*****] 

 

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 

[*****] 
  

	[*****]	[*****] 

 [*****] 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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 Execution version 

 

	[*****]	[*****] 

 [*****] 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 APPENDIX B 

[*****] 
  

 
  

			
	 Delivery Month
  

July 2010
  

October 2011
 November 2011

December 2011
 January 2012

February 2012
 March 2012

April 2012
 May 2012

June 2012
 July 2012

August 2012
 September 2012

October 2012
 November 2012

December 2012
 January 2013

February 2013
 March 2013

April 2013
 May 2013

June 2013
 July 2013

August 2013
 September 2013

October 2013
 November 2013

December 2013
 January 2014

February 2014
 March 2014

April 2014
 May 2014

June 2014
 July 2014

August 2014
 September 2014

October 2014
 November 2014

December 2014
	  	 [*****]
 [*****]

 
 [*****]
  

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]

  
 [*****] Confidential material redacted and
filed separately with the Securities and Exchange Commission. 
  
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Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 Delivery Month
  

January 2015
 February 2015

March 2015
 April 2015

May 2015
 June 2015

July 2015
 August 2015

September 2015
 October 2015

November 2015
 December 2015

 
	  	 [*****]
 [*****]

 
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]
 [*****]

[*****]

  
 [*****] Confidential material redacted and
filed separately with the Securities and Exchange Commission. 
  
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Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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APPENDIX C 

LIST OF DOCUMENTS EXCHANGED AT AIRCRAFT ACCEPTANCE 
  

 
  

	1	CERTIFICATES 

  

	 	1.1	Type airworthiness certificate 

	 	1.2	Type certificate of nuisance limitation 

	 	1.3	Airworthiness Certificate for Export 

	 	1.4	Noise limitation certificate for export 

	 	1.5	Certificate of radio compliance for export 

	 	1.6	Non registration and non mortgage certificate 

	 	1.7	Temporary permit to fly (unless not granted by Civil Aviation Authority) 

  

	2	TECHNICAL DOCUMENTATION 

  

	 	2.1	ATR 72-600 Specification 

	 	2.2	Design standard SCN / Option list 

	 	2.3	Aircraft Modification List 

	 	2.4	Aircraft Inspection Report 

	 	2.5	Airworthiness Directives Compliance Check List 

	 	2.6	Aircraft Component List (sorted by ATA chapter) – CD / Hard Copies 

	 	2.7	Log Books 

 Aircraft Log Book 

Engine Log Books (LH—RH) 

– Turbomachine (LH—RH) 

– Gearbox reduction (LH—RH) 

– List of engines components (RH—LH) 

– List of Service Bulletins embodied on Engines (LH—RH) Propellers Log Books (LH—RH) 

Landing Gear Log Book 

– Main (LH—RH) 

– Nose 

Batteries Log Books 
  

	2.8	Loose / emergency equipment list 

  

	2.9	Weight and balance report 

  

	2.10	Commitment Letter (if any) 

  

	2.11	Technical Publications 

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APPENDIX D 

SPARE PARTS PROCUREMENT 
  

 
 CONTENTS 

 

	1	GENERAL 

  

	 	1.1	Preamble 

	 	1.2	Support Period 

	 	1.3	Warranties 

  

	2	INITIAL PROVISIONING 

  

	 	2.1	Initial Provisioning Purchase Orders 

	 	2.2	Initial Provisioning Data 

	 	2.3	Initial Provisioning Conference 

	 	2.4	Initial Provisioning Ordering & Delivery 

	 	2.5	Initial Provisioning Investment Forecast 

	 	2.6	Initial Provisioning Investment Buy-Back 

  

	3	INVENTORY 

  

	 	3.1	General 

  

	4	RE-PROVISIONING 

  

	 	4.1	General 

	 	4.2	AOGs 

	 	4.3	Critical/Routine Orders 

  

	5	PACKAGING 

  

	6	DELIVERY 

  

	7	PRICING 

  

	 	7.1	Seller’s Price Catalogue 

	 	7.2	Quotations 

	 	7.3	Cancellation Charges 

  

	8	PAYMENT AND TRANSFER OF TITLE 

  

	9	SPARES SERVICES 

  

	 	9.1	Standard Exchange and Repair Services 

	 	9.2	Lease Service 

 EXHIBIT A: SPARE PARTS SERVICES 

 
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	1	GENERAL 

  

	1.1	Preamble 

 This Appendix D describes the terms and conditions of the support that will be
provided by Seller (or a designated partner) to Buyer in respect of the spares falling into the following spares’ usage categories: 

UC 1: Manufacturer proprietary items (“Proprietary Items”) 

UC 2: Vendors units (“Vendors Units”) 

UC 7: Vendors units’ breakdown parts (“Vendors’ Breakdown Parts”) 

UC 8: Modification Kits 
 UC 9:
Repair Kits 
 It shall be noted that Aviation Logistics shall provide spare support for spares falling into the following spares’
usage categories: 
 UC 3: Hardware and standard items (“Hardware”) 

UC 5: Raw and bulk materials (“Raw & Bulk Materials”) 

UC 6: Ingredients (“Ingredients”) 

It shall be also noted the ECA Sinters shall provide spare support for spares falling into the following spares’ usage category: 

UC 4: Tools, test and ground support equipment (“GSE”) 

Should Buyer request so, GSE and tooling shall be furnished through ATR by ECA Sinters. 

 

	1.2	Support Period 

 During a period commencing with the date hereof and continuing as long as at
least [*****] aircraft of the ATR model are operated in commercial air transport service (the “Support Period”), Seller will maintain or have maintained a reasonable stock as defined in Clause 3 of this Appendix and will furnish
interchangeable and/or equivalent products adequate to meet Buyer’s needs for repairs and replacements on all Aircraft of the above mentioned model. Such spares will be sold and delivered with reasonable promptness upon receipt of Buyer’s
orders. 
 Seller shall use its best efforts to obtain a similar service from all Vendors for ATR parts that are originally installed on
Aircraft and not manufactured by Seller. 
  

	1.3	General Terms & Conditions 

 Unless otherwise stated herein, the general sales
conditions applicable to spares sales and spares support and services are detailed in the “ATR Terms and Conditions of Sales of Goods and Services”, available on-line or on Seller’s support web site. 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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	2	INITIAL PROVISIONING 

  

	2.1	Initial Provisioning Purchase Orders 

 Buyer’s purchase orders of spares addressed to
Seller shall be considered as initial provisioning purchase orders (“IP Purchase Orders”) provided they are received by Seller within [*****] following the delivery of any Aircraft or Used Aircraft. All spares delivered pursuant to such IP
Purchase Orders shall be considered as initial provisioning spare parts package (“IP Spares”). 
  

	2.2	Initial Provisioning Data 

 Initial provisioning data (“IP Data”) for both the
Aircraft and the Used Aircraft shall be furnished by Seller to Buyer as soon as available in the form of listing or computer file providing Buyer with the necessary evaluation time and allowing the on-time delivery of the IP Spares. 

Seller shall prepare and furnish to Buyer the following data in the English language. 

 

	 	2.2.1	Seller’s Data 

 Seller will provide to Buyer the following: 

 

	 	(i)	A list of long lead time items and main components of the Aircraft and Used Aircraft as advanced data, on hard copy at a time to be mutually agreed; 

 

	 	(ii)	A complete initial provisioning recommendation that includes Proprietary Items, Vendors Units, Hardware and Ingredients at the IP Conference (as defined below); and 

 

	 	(iii)	A customised recommendation of GSE and Raw & Bulk Material as required for the maintenance of the Aircraft and maintenance of the Used Aircraft. 

 

	2.2.2	IP Data compliance and configuration guarantee 

 Seller shall ensure that its IP Data supplied
to Buyer shall comply with the latest certification standard of the Aircraft or with the specification of the Used Aircraft and that said data will allow spares’ orders consistent with the status of the parts installed on Buyer’s Aircraft
or Used Aircraft. 
 This provision shall not cover the parts incorporated on Buyer’s Aircraft or Used Aircraft as a consequence of
Buyer’s modifications unknown to Seller and not designed nor agreed by Seller. 
  

	2.2.3	Cross reference / interchangeable parts listing 

 Seller shall also supply to Buyer a list of
cross reference/interchangeable parts including hardware, sealant, adhesives, and electrical connectors. Such listing shall cross reference parts to standard aeronautical (“AN”), military (“MS”) or other norms. 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	2.3	Initial Provisioning Conference 

 Seller shall organise on Buyer’s request an initial
provisioning conference (the “IP Conference”) for the purpose of preparing the initial provisioning of spare parts to Buyer. The IP Conference will take place at Seller’s premises or at any other mutually agreed location as early as
possible after execution of this Contract. 
  

	2.4	Initial Provisioning Ordering & Delivery 

  

	 	2.4.1	Buyer’s IP Purchase Orders shall be placed no later than [*****] following the IP Conference. 

  

	 	2.4.2	In order to ensure the operation of Buyer’s Aircraft, and subject to the IP Purchase Orders being placed as mentioned here above, Seller shall deliver the IP Spares relating to the Aircraft and included in the
initial provisioning as follows: 

  

	 	(i)	At least [*****] of the quantities of each item ordered for each block of Aircraft (a block of Aircraft being defined as [*****] Aircraft to be delivered in sequence), one [*****] prior to delivery of the first Aircraft
of each such block of Aircraft to Buyer. 

  

	 	(ii)	[*****] of the quantities of each item ordered for each block of Aircraft (the “IP Block”) [*****] after the delivery of the first Aircraft of each such block of Aircraft to Buyer. 

In the event that, [*****] after the delivery of the first Aircraft of each such block of Aircraft to Buyer, less than [*****] of IP Block
relating to each such block of Aircraft is delivered by Seller to Buyer, then Seller shall provide Buyer with a credit equal to (i) [*****] minus [*****] of the IP Block relating to each such block of Aircraft delivered by Seller to Buyer, up to a
maximum of [*****] multiplied by the (ii) aggregate value of the undelivered portion of the IP Block ordered by the Buyer. 
  

	 	2.4.3	Seller shall ensure that during the Initial Provisioning phase, the parts manufactured by Seller or its subcontractors shall be supplied in conformity with the latest configuration standard of the Aircraft. Otherwise,
Seller or its subcontractors shall replace such items at [*****]. 

  

	2.5	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	

  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 
  

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	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

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	 	[*****]	[*****] 

  

	 	[*****]	

  

	 	[*****]	[*****] [*****] 

  

	 	[*****]	[*****] [*****] 

  

	 	                            [*****]	

  

	 	[*****]	[*****] 

 [*****] 

[*****] 
  

	3	INVENTORY 

 Seller undertakes to keep a sufficient inventory of spare parts in its own stores,
including spare parts as defined in Clause 1.1 of this Appendix D, and shall supply interchangeable and/or alternate items to meet the demand and shipping schedule requirements made known by Buyer for replacement or repair purposes. 

 

	4	RE-PROVISIONING 

  

	4.1	General 

 Seller shall support Buyer’s re-provisioning orders of spare parts from its
spares centres. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	4.2	AOGs 

 Seller will provide a twenty-four (24) hours per day, seven (7) days a
week emergency service, inclusive of holiday periods, to allow the supply of the concerned spare part(s) available in Seller’s stores, workshops and production line, including high-cost/long lead time spare parts. 

Seller will respond to Buyer’s AOG notice within [*****] after receipt of an AOG order and ship [*****] from its warehouse within
[*****]. 
  

	4.3	Critical / Routine Orders 

  

	 	4.3.1	Critical Orders 

 Seller will respond to Buyer’s critical order within [*****] and will
endeavour to ship [*****] from its warehouse the parts within [*****] lead-time. 
  

	 	4.3.2	Routine Orders 

 Seller will respond to Buyer’s routine order within [*****] and will
endeavour to ship [*****] from its warehouse the parts within [*****] lead-time. 
 4.3.3 Slow moving items sourced by Seller on a back to
back order basis: [*****] from the date of receipt of the order. 
  

	 	4.3.4	Other items (insurance items, modification kits...) will be quoted upon request. 

 Exact
delivery lead-time will be confirmed to Buyer upon acknowledgement of his order and will supersede any previous information. 
  

	5	PACKAGING 

  

	 	5.1	All prices shall include packaging according to ATA SPEC 300 category 3 or category 2 (as appropriate). Seller shall provide for spare parts if so requested by Buyer with an order packaging according to ATA SPEC 300
category 1 at cost price less Seller’s cost for category 2 packaging. Seller accepts the burden of proof of proper packaging of spare parts shipped to Buyer. 

 

	 	5.2	Seller shall include in and fasten outside all shipping containers either packaging cards prepared in accordance with ATA SPEC 200 or packaging sheets at Buyer’s choice. Seller shall also include in the container
copy of the pro-forma invoice for customs clearance. 

  

	6	DELIVERY 

  

	 	6.1	All shipment of new and used parts must be accompanied by documentation substantiating their condition such as EASA form one / FAA 8130-3 / Certificate of Conformity / test reports (as applicable), and with respect to
life limited parts, time since installation (TSI), time since overhaul (TSO) and time since new (TSN). 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	6.2	Should the Buyer find damage or functional faults affecting the delivered part, or deviations from the purchase order specification, Buyer shall be entitled to return subject part within (30) days after receipt at
Seller’s or its subcontractor’s expense. 

  

	 	6.3	Late Delivery 

  

	 	6.3.1	In the event of a delay in delivery of any spare part other than a structural part (ATR Proprietary Item) beyond the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D and such delay is not due not an
Excusable Delay, the provisions of this Clause 6.3 shall apply. 

  

	 	6.3.2	Subject always to 6.3.1 above, if Seller does not deliver a spare part within the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D, Seller shall issue to Buyer a credit equal to [*****] of the spare
part purchase price for every additional day beyond the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D, such amount to be capped at [*****] of the spare parts purchase price. 

 

	 	6.3.3	In addition to the delay remedies provided in 6.3.2 above, if a spare part relating to an AOG notice is not shipped within the guidelines set forth in Clause 4.2 of this Appendix D, Seller shall issue to Buyer a credit
equal to [*****] of the purchase price of the spare part for every [*****] the part is delayed before shipment to Buyer, such amount to be capped at [*****] of the spare parts purchase price, provided always that the number of spare parts purchased
by Buyer to Seller on an AOG basis does not exceed [*****] of the total number of spare parts purchased by Buyer to Seller. 

  

	 	6.3.4	The damages as set forth in Sections 6.2.2 and 6.2.3 of this Appendix D shall be paid by Seller only if : 

  

	 	(i)	Buyer has ordered from Seller to the mutually agreed quantities and at the mutually agreed dates as specified in the Initial Provisioning Conferences, and has kept at all times an on-site stock of spare part comparable
in terms of value and quantities to the on-site stock value and quantities agreed during the Initial Provisioning Conferences (subject to any adjustment pursuant to Clause 2.5 of this Appendix D); or 

 

	 	(ii)	Buyer has placed routine orders within published lead times. 

  

	7	PRICING 

 The provisions contained in this Clause 6 will apply to both initial provisioning and
re- provisioning orders. 
  

	7.1	Seller’s Price Catalogue 

 Price for Proprietary Items, Vendors Units or other spare parts
will be provided directly through the ATR support web site (the “Spare Parts Catalogue”). 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 Spare Parts Catalogue prices shall be effective at the date of issue of
each year. However, ATR reserves the right to increase or decrease said Spare Parts Catalogue prices during that one (1) year period in case of significant and justified error in the published price of an item in the Spare Parts Catalogue or,
in particular for the Non Proprietary Items, in case of change of price from the Vendor or supplier. 
 Every year, upon: 

– Application of specific indexation mechanism included in each suppliers contract, 

– Negotiations performed with vendors, 

– Feedback information from ATR customer base and suppliers network, 

– World wide spares market assessment, 

ATR will ensure that the variations applied to its pricing policy remain in line with the variations applied during the year in the regional
aircraft market. 
 All prices listed in ATR Spare Parts Catalogue are expressed in Dollars or Euros on ex-works basis (Incoterms 2000
definition), and exclusive of all taxes and duties. 
  

	7.2	Quotations 

 Prices for items not published in the Spare Parts Catalogue will be quoted within
[*****] for procurable items (items having a part number) and [*****] for non-procurable items (items not having a part number) from Buyer’s request for quotation. Seller shall provide service bulletin
kit prices within [*****] from service bulletin approval. 
  

	7.3	AOG or Expediting Fees 

 Buyer shall not be bound to pay any AOG or expediting fee of any kind
for AOG spare parts orders. 
  

	7.4	[*****] 

  

	7.4.1	[*****] 

 [*****] 

[*****] 
 [*****] 

 

	7.4.2	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

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 [*****] 

[*****] 
 [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

[*****] [*****] 
 [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****]
[*****] 
 [*****] 
 [*****]
[*****] 
 [*****] 
 [*****]

  

	7.5	Cancellation charges 

 In the event Buyer elects to cancel a spare parts order already received
by Seller, Seller may, at its discretion, charge Buyer a cancellation fee for refusing to take delivery of all or part of the goods according to the figures set out in this Clause 7.5. 

The cancellation charges that Seller is entitled to recover are expressed as a percentage or the total of the then current brand new price of
the spares covered by the order, which percentage is depending on the elapsed time from the order date as set out below: 
  

	 	–	If the order is cancelled between [*****] days before the estimated delivery date, then [*****] of the amount of the order will be charged to Buyer 

 

	 	–	If the order is cancelled between [*****] days before estimated delivery date, then [*****] of the amount of the order will be charged to Buyer 

 

	 	–	If contract is cancelled between [*****] days before estimated delivery date, then [*****] of the amount of the contract will be charged to Buyer 

 

	 	–	If the order is cancelled [*****] days or more before estimated delivery date, then [*****] cancellation charges will apply 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	8	PAYMENT AND TRANSFER OF TITLE 

  

	8.1	Payment shall be made by Buyer to Seller within [*****] from the date mentioned on the invoice or invoice statements. 

In the event of any delayed payment under this Appendix C, Seller is entitled to damages from Buyer at the default rate as per article 6.7 of
this Contract. These damages will be calculated from the [*****] after the date mentioned on the invoice or invoice statements until the date payment is received by Seller and will be applicable to any outstanding amount due by Buyer to Seller. 

 

	8.2	Property in and title to the spares parts will not pass to Buyer until the relevant price is fully paid to Seller. 

  

	9	SPARES SERVICES 

  

	9.1	Standard Exchange and Repair Services 

 A standard exchange and repair service will be provided
by Seller for some overhaulable / repairable items including Vendors Units and Airframe parts listed in Exhibit A to this Appendix D. The applicable conditions will be set forth in the spares support and services catalogue as published on ATR
support website and/or in separate documents, as applicable. 
  

	9.2	Lease Services 

 A lease service will be provided by Seller and shall apply to: 

 

	 	(i)	Airframe parts listed hereto as Exhibit A to this Appendix 

  

	 	(ii)	Components listed in the spares support & services catalogue as published on ATR support website. 

The applicable terms and conditions will be set forth in the spares support & services catalogue and/or in separate documents, as
applicable. 
  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 
  
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– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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EXHIBIT A TO 
 APPENDIX
D—CLAUSE 9 
 SPARE PARTS SERVICES 
 List
of Insurance Items eligible for repair, lease or standard exchange: 
  

	–	DOOR ASSY ENTRY 

  

	–	DOOR ASSY HATCH 

  

	–	DOOR ASSY EMERGENCY 

  

	–	DOOR ASSY CARGO 

  

	–	DOOR ASSY SERVICE 

  

	–	DOOR ASSY LH LANDING GEAR 

  

	–	DOOR ASSY RH LANDING GEAR 

  

	–	ELEVATOR LH WITH TABS 

  

	–	ELEVATOR RH WITH TABS 

  

	–	RUDDER ASSY 

  

	–	TAIL CONE ASSY 

  

	–	AIR INTAKE DUCT 

  

	–	AIR INLET STRUCTURE 

  

	–	LEADING EDGES 

  

	–	FLAPS ASSY INBOARD 

  

	–	FLAPS ASSY OUTBOARD 

  

	–	AILERON ASSY LH 

  

	–	AILERON ASSY RH 

  

	–	SPOILER LH 

  

	–	SPOILER RH 

  

	–	ENGINE MOUNT ASSY 

  

	–	ENGINE COWLS 

  

	–	ENGINE NACELLE FAIRING 

  

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APPENDIX E 

WARRANTIES 
  

 
  

	1	SELLER’S WARRANTY 

  

	1.1	Seller’s Warranties on Aircraft 

 Subject to Clause 1.4 (Warranty Period), 1.5
(Exclusions) and 2 (Vendor Warranties) hereof, Seller warrants to Buyer that each Aircraft shall, at the time of its delivery to Buyer: 
  

	 	(i)	Be free from defects in material; 

  

	 	(ii)	Be free from defects in workmanship (including processes of manufacture); 

  

	 	(iii)	Be free from defects in design (including selection of materials) having regard to the state of the art at the date of its design; and 

 

	 	(iv)	Be free from defects arising from failure to conform to the Specification of the Aircraft, except to those portions of the Specification where it is expressly stated that they are estimates, approximations or design
aims. 

  

	1.2	Seller’s Warranties on Seller Parts 

 Subject to Clause 1.4 (Warranty Period) and
Clause 1.5 (Exclusions) hereof, Seller warrants to Buyer that each Seller Part shall, at the time of delivery of the Aircraft to Buyer: 
  

	 	(i)	Be free from defects in material; 

  

	 	(ii)	Be free from defects in workmanship (including processes of manufacture); 

  

	 	(iii)	Be free from defects in design (including selection of materials) having regard to the state of the art at the date of its design; and 

 

	 	(iv)	Be free from defects in its installation in the Aircraft. 

  

	1.3	Seller’s Warranties on Vendor Parts 

 1.3.1 Subject to Clause 1.4 (Warranty Period)
and Clause 1.5 (Exclusions) hereof, Seller warrants to Buyer that each Vendor Part shall, at the time of delivery of the Aircraft to Buyer: 
  

	 	(i)	Be free from defects in its installation in the Aircraft; 

  

	 	(ii)	Be suitable for its intended use; and 

  

	 	(iii)	Be installed in such a manner as not to invalidate any Vendor Warranties. 

  

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	1.4	Warranty Period 

 Seller’s Warranties shall be limited to those defects that become
apparent within: 
  

	 	–	For the warranty in respect of defects in design, [*****] months; and 

  

	 	–	For the warranty in respect of other defects, [*****] months or [*****] (whichever shall first expire) 

after delivery of the Aircraft (the “Seller’s Warranty Period”) 

 

	1.5	Exclusions 

  

	 	1.5.1	Buyer’s rights under Seller’s Warranties are subject to the Aircraft and Seller Parts being maintained, overhauled, repaired and operated in accordance with instructions issued by Seller, or with the
instructions issued or approved by Buyer’s Airworthiness Authorities. 

  

	 	1.5.2	Seller’s liability under Seller’s Warranties shall not extend to fair wear and tear nor to: 

  

	 	(i)	Any Aircraft or Seller Part which either (a) has been repaired, altered or modified after delivery except by Seller or in a manner approved or authorised by Seller or (b) which has not been properly serviced
or maintained as required under the Manuals, Technical Publications or by relevant aviation authorities; 

  

	 	(ii)	Any Aircraft or Seller Part which has been operated by Buyer in its damaged state subsequent to its involvement in an accident (except during the flight on which such damage has occurred), or for any other reason;

  

	 	(iii)	Seller Parts from which the manufacturers’ trade mark, name, serial number or other identification marks have been removed; and 

 

	 	(iv)	Conditions resulting from the acts or omissions of Buyer. 

  

	1.6	Administration of Seller’s Warranties on Seller Parts 

 With respect to Seller Parts,
Seller’s Warranties shall be administered as hereinafter provided. 
  

	 	(i)	Should Buyer discover a defect during the Warranty Period that entitles Buyer to make a claim under Seller’s Warranties, Buyer shall within [*****] after such discovery file a Warranty Claim addressed to Seller to
the attention of ATR Customer Support Warranty Desk and shall promptly send to Seller the relevant Seller Part alleged to be defective; 

  

	 	(ii)	All transportation costs, insurance, and any other expenses in connection with return of the defective Seller Part to Seller’s facilities (or to any facility designated by Seller) shall be borne [*****].

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 All transportation costs, insurance and any other expenses in
connection with return of the Seller Parts repaired under the Seller’s Warranties to Buyer’s main base, shall be borne [*****]; 
  

	 	(iii)	Seller shall at its own expense promptly make all repairs or replacements necessary to make the relevant defective Seller Part comply in all respects with Seller’s Warranties. Seller shall have the sole right to
determine whether the relevant defective Seller Part shall be repaired, overhauled or replaced; 

  

	 	(iv)	If any relevant defective Seller Part cannot be repaired or overhauled economically, Seller shall, at Buyer’s option, either: 

  

	 	(a)	Provide, [*****], a replacement part (having the same or higher value, the same or higher remaining life and the same or higher modification status) within a lead-time of [*****] from the date on which such relevant
defective Seller Part is received at Seller’s premises (or at the facilities designated by Seller); or 

  

	 	(b)	Extend a corresponding credit to Buyer for Buyer’s future purchase of parts, 

 and the
relevant defective Seller Part shall without further act become the property of Seller; 
  

	 	(v)	All warranty repairs, overhauls and corrections will be at Seller’s expense provided Seller or its representative accepts that the claim is subject to the Seller’s Warranties; 

 

	 	(vi)	Warranty Claim determination will be reasonably based upon reports from Seller’s regional or on site representative, historical data logs, inspection, tests and findings during repair and failure analysis;

  

	 	(vii)	Seller shall have the right to inspect, without unreasonably interfering with Buyer’s operations, the Aircraft and relevant documents and other recognised records in the event of any claim under this Clause;

  

	 	(viii)	If Seller Parts which are sent to Seller under warranty consideration are found to be in a “No Fault Found” status, Seller shall notify Buyer and Buyer shall refund to Seller its transportation costs and
reasonable test charges; 

  

	 	(ix)	The unexpired portion of the original warranty shall apply to any Seller Part replaced or repaired under this Clause. 

  

	1.7	Ferry of Aircraft 

 In the event that Buyer desires to ferry an Aircraft to Seller’s
premises or other agreed location for consideration of a Warranty Claim, Buyer will notify Seller of its intention and Seller will before such ferry have the right to inspect such Aircraft. Seller shall thereafter promptly make all repairs or
replacements necessary under any valid Warranty Claim to make the relevant defective Seller Part comply in all respects with Seller’s Warranties, subject always to the provisions of Clause 1.6 of this Appendix D. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	1.8	On-Aircraft Work By Seller 

 Repairs or correction under a Warranty Claim may justify the
dispatch by Seller of a working team to make such repair or correction through the accomplishment of a Seller Service Bulletin at Buyer’s facilities. Seller and Buyer will agree on a schedule and place for such work to be performed, Seller
shall thereafter promptly make all repairs or replacements necessary under any valid Warranty Claim to make the relevant defective Seller Part comply in all respects with Seller’s Warranties, subject always to the provisions of Clause 1.6 of
this Appendix. 
  

	1.9	In-house Warranty 

 After previous approvals in writing from Seller or its representative at
Buyer’s base (which approval shall not be unreasonably withheld), Buyer may be authorised to perform, subject to the terms of the Seller’s Warranties and the terms hereof, the repair of Seller Parts covered by the Seller’s Warranties
“in-house”. Seller’s representative has the right to request return shipment of removed Seller Parts, if the nature of the failure requires technical investigation. 

Seller’s representative shall further have the right to be present during the disassembly and inspection of the defective Seller Parts.
Buyer shall repair or correct such parts in accordance with Seller’s instructions. 
 In such event, Buyer shall file a Warranty Claim
within [*****] after discovery of a defect for which Seller’s Warranties apply, along with a statement of the labour cost expended plus the cost of the material required for repair at current catalogue prices whereupon Seller shall promptly pay
to Buyer such amount. Alternatively, Buyer may elect to request Seller to credit to its account in an amount equal to the [*****] at current catalogue prices. 

The man-hours authorised for “in-house” repair of any item by Buyer shall be based on [*****] provided that the man-hours expended
are not otherwise required for maintenance work currently being carried out on the Aircraft or other unrelated items. 
 For the purpose of
this clause, the warranty labour rate shall be [*****] of Buyer’s average direct hourly labour rate. For this purpose, “average direct hourly labour rate” means the average hourly rate (excluding all fringe benefits, premium time
allowances, social charges, business taxes and the like) paid to Buyer’s employees whose jobs are directly related to the performance of the repair or modification. Prior to or concurrent with submission of Buyer’s first claim for labour
reimbursement hereunder, Buyer shall notify Seller of Buyer’s then current average direct hourly labour rate, and thereafter Buyer shall promptly notify Seller of any significant change in such rate. If requested, Buyer shall furnish to Seller
such data as may be reasonably required to substantiate such rate. 
 In no case will reimbursement be made to Buyer for repair costs
including labor and material in excess of those which would have resulted if repairs had been carried out at Seller’s facilities. The labour cost to be credited by Seller as aforesaid shall account for: 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	–	Fault Location 

	 	–	Disassembly, 

	 	–	Repair, 

	 	–	Reassembly, 

	 	–	Final inspection and test. 

 Claims for “in-house” Warranty credit shall be in
accordance with the format of a Warranty Claim and will include the additional following data: 
  

	 	–	Part number of parts 

	 	–	Serial Number of parts 

	 	–	Description of parts 

	 	–	Quantity of parts, 

	 	–	Unit price of parts, 

	 	–	Total price of parts, 

	 	–	Total labour hours, 

	 	–	Total claim value. 

 If a part has a malfunction and is rectified by Buyer within the Warranty
Period after previous approval from Seller or Seller’s representative, Seller shall be responsible only for the portion of rectification cost related to the malfunction, in accordance with the material and man-hour prices as previously defined.

 Buyer shall retain failed defective parts for a period of [*****] after the date of completion of repair. At Seller’s request, such
parts are to be returned to Seller’s designated facilities, within [*****] from receipt of such request. 
  

	2	VENDOR WARRANTIES 

  

	2.1	Vendor Warranties on Vendor Parts 

  

	 	2.1.1	Prior to the delivery of the Aircraft, Seller shall obtain from each Vendor enforceable warranties covering defects in material, workmanship and design (the “Vendor Warranties”) in respect of the Vendor Parts.
Seller warrants that Buyer will be entitled to the benefit thereof in accordance with the terms and conditions of the Vendor Warranty Manual. 

Seller shall, at the time of delivery of the Aircraft, supply to Buyer the Vendor Warranty Manual detailing the warranties that are available
to Buyer in respect of Vendor Parts. 
 The Vendor Warranties shall be administered in accordance with the terms of the Vendor Warranty
Manual. Buyer shall address any claim arising under the Vendor Warranties directly to the appropriate Vendor, and keep Seller informed 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 of the process of its claim. Any Vendor Part claimed to be subject to
Vendor Warranties shall be sent directly to the applicable Vendor 
  

	 	2.1.2	[*****] 

  

	 	2.1.3	Seller shall also [*****] to obtain a [*****] years MTBUR warranty from those Vendors for which the MTBUR guarantees contained in the Vendor Warranty Manual is less than [*****] years. 

 

	2.2	Failure by Vendor to Honour Vendor Warranties 

 In the event that (i) any Vendor, under
any standard warranty obtained by Seller and set out in the Vendor Warranty Manual, defaults in the performance of any material obligation in respect of such standard warranty and (ii) Buyer submits to Seller reasonable proof that such default
has occurred, then Seller’s Warranty shall apply to such defect to the same extent as if it was a defect to a Seller Part. 
 At
Seller’s request, Buyer shall assign to Seller, and Seller shall be subrogated, to all of Buyer’s rights against such Vendor with respect to such defect and arising by reason of such default. 

Any accessory, equipment or part selected by Buyer and installed in an Aircraft at Buyer’s request whether following a request for change
prior to execution of this Contract or following signature of a SCN shall be excluded from this Clause 2.2. 
  

	3	INTERFACE COMMITMENT 

  

	3.1	Interface Problems 

 If Buyer experiences any technical problem in the operation of the
Aircraft or its systems due to malfunction or failure of an accessory, equipment or part, the cause of which, after due and reasonable investigation by Buyer, is not readily identifiable as attributable to the design characteristics of one or more
components of the Aircraft (an “Interface Problem”) Seller shall, if requested by Buyer, and without charge to Buyer, promptly conduct an investigation and analysis of such Interface Problem to determine, if possible, the cause or causes
of the Interface Problem and to recommend such corrective action. Buyer shall furnish to Seller all data and information in Buyer’s possession relevant to the Interface Problem, and shall cooperate with Seller in the conduct of its
investigations and such tests as may be required. At the conclusion of its investigations, Seller shall promptly advise Buyer in writing of Seller’s opinion as to the cause or causes of the Interface Problem and Seller’s recommendations as
to corrective action. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	3.2	Seller’s Responsibility 

 If Seller determines that the Interface Problem is primarily
attributable to a defect in the design of any component manufactured to Seller’s detailed design, Seller shall correct the design of such component, at [*****] to Buyer, to the extent of any then existing obligations of Seller under Seller
Warranty. 
  

	3.3	Vendor’s Responsibility 

 If Seller determines that the Interface Problem is primarily
attributable to a defect in the design of a component not manufactured to Seller’s design, Seller shall, if requested by Buyer, assist Buyer in processing any warranty claim Buyer may have against the manufacturer of such component. Seller
shall also take whatever action is permitted by its contract with such manufacturer in an effort to obtain a correction of the Interface Problem acceptable to Buyer. 
  

	3.4	Joint Responsibility 

 If Seller determines in that the Interface Problem is partially
attributable to a defect in the design of a component manufactured to Seller’s detailed design and partially to a defect in the design of components not manufactured to Seller’s detailed design, Seller shall, if requested by Buyer, seek a
solution to the Interface Problem through the co-operative efforts of Seller and the manufacturers of the other components involved. Seller shall promptly advise Buyer of such corrective action as may be proposed by Seller and such other
manufacturers, such proposal to be consistent with any then existing obligations of Seller and such other manufacturers. 
 If such proposal
is acceptable to Buyer, the proposed action shall be taken. Acceptance by Buyer of such action shall constitute full satisfaction of any claim Buyer may have against either Seller or such other manufacturers with respect to such Interface Problem.

  

	3.5	General provisions for Interface Commitment 

 All requests under this Clause 3 shall be
directed to Seller’s and / or Vendors’ warranty administrators as appropriate. 
 Except as specifically set forth in this Clause
3, this Clause 3 shall not be deemed to impose on Seller any obligation not expressly set forth elsewhere in this Contract. All reports, recommendations, data and other documents furnished by Seller to Buyer pursuant to this Clause 3 shall be deemed
to be delivered under this Contract and shall be subject to the limitations set forth in this Clause 3. 
  

	4	SERVICE LIFE POLICY 

 In addition to the warranties set forth in Clause 1 (Seller’s
Warranty) and Clause 2.1.2 above, Seller further agrees that should a Failure occur, in any of the Items listed in Exhibit A to this Appendix D, and subject to the general conditions and limitations set forth in Clause 4.4 below, then the
provisions of this Clause 4 shall apply. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	4.1	For the purpose of this Clause 4, the following definitions shall apply: 

  

	 	(i)	“Item” means any of the items of primary structure specified in the Exhibit A hereto, 

  

	 	(ii)	“Failure” means any breakage or defect that impairs the utility and safety or reliability of the Item. 

  

	4.2	Subject to general conditions and limitations set forth in Clause 4.4 below, Seller undertakes that if a Failure occurs in an Item before the Aircraft in which that Item was initially installed has completed [*****]
flying hours or before the Aircraft in which that part is incorporated has completed [*****] landings or within [*****] months after the delivery of said Aircraft to Buyer (whichever shall first occur), Seller shall, at its own discretion, and as
promptly as practicable and at the price hereinafter provided either: 

  

	 	(a)	Design and furnish to Buyer a correction for the Item affected by the Failure and provide any parts required for such correction, or 

 

	 	(b)	Replace such Item. 

  

	4.3	Any Item that Seller is required to furnish to Buyer under this Service Life Policy in connection with correction or replacement of an Item shall be furnished to Buyer at a price determined in accordance with the
following formula: 

 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] 

[*****] [*****] 
 [*****] [*****]

 [*****] 
 [*****] [*****]

 [*****] [*****] 
 or 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 [*****] [*****] 

[*****] [*****] 
 [*****] 

 

	4.4	General Conditions and Limitations 

  

	 	4.4.1	The undertakings given in Clauses 4.2 and 4.3 above shall not apply during the period of the warranty applicable to that Item under Clause 1 (Seller Warranty), nor if the Failure of the Item is due to any of the
causes referred to in Clauses 1.5.2 (i), (ii) and / or (iii). 

  

	 	4.4.2	This Service Life Policy is applicable to Failures as defined in Clause 4.1, subject to maintenance and overhaul processes as indicated in Seller’s technical documentation and/or any other Seller’s technical
written instructions being strictly complied with by Buyer. 

  

	 	4.4.3	The provisions of Clause 1.5.1 above are incorporated herein by this reference and shall condition Seller’s obligation under this Service Life Policy with respect to any listed Item. 

 

	 	4.4.4	Buyer shall maintain historical records with respect to the Item adequate to enable determination as to whether the alleged Failure is covered by the present undertaking and (if so) to define the cost to be borne
[*****] in accordance with Clause 4.3 above. 

  

	 	4.4.5	Buyer shall keep Seller or its representative informed of any significant incident whatsoever occurring or recorded, resulting in any damage to the Aircraft. Failure to comply with this requirement shall invalidate this
Service Life Policy. 

  

	 	4.4.6	Buyer will have to perform the structural inspections in accordance with the program described in section 8 of the Maintenance Planning Document to be supplied to Buyer according to Appendix F (Technical
Publications) hereafter. 

 Such inspections shall be carried out at Buyer’s expense and the reports relating
thereto furnished to Seller in case of disclosure of a Failure, to allow Seller to take all necessary corrective actions. Service Life Policy application is, in all case, conditional to Buyer’s conformity with such inspection program. 

 

	 	4.4.7	In case of any Failure, Buyer shall be obliged to report the breakage or defect in writing or by fax to Seller within [*****] days after any breakage or defect in a listed Item becomes evident whether or not said
breakage or defect can reasonably be expected to occur in any other Aircraft. Buyer shall inform Seller of defect or Failure in sufficient detail to enable Seller to deem whether said Failure or defect is subject to the present Service Life Policy.

  

	 	4.4.8	The return to Seller, if such return is deemed practicable by Seller of any listed Item subject to a Failure, shall be at [*****] expense. [*****] shall bear all return transportation costs to Buyer’s main base.
Any required disassembly of the Aircraft or parts thereof, removal of the covered Item subject to a Failure and 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 reassembly, installation, inspection and test of the corrected or
replaced Item shall be at [*****] expense. If such disassembly, reassembly, installation, inspection and test, is accomplished by Seller at Buyer’s request, the rates to be charged by Seller for any such services shall not exceed [*****] during
substantially the same time period. 
  

	 	4.4.9	Any listed Item subject to a Failure and returned to Seller shall be under Seller’s responsibility from the time it has been received at Seller’s designated premises for repair until the time it has been
returned at Buyer’s main base. During such period of time, Buyer shall no bear any liability as regard the risk of loss or damage relating to any such Item. 

 

	 	4.4.10	Should Seller issue a modification in order to avoid a structural Failure and should Seller elect to deliver the necessary modification kit free of charge to Buyer, then the validity of this commitment under Clause 4
hereof shall be subject to Buyer incorporating in the Aircraft, within a reasonable time to be mutually agreed between Buyer and Seller, such modification as promulgated by Seller and in accordance with Seller’s instruction. 

 

	 	4.4.11	This Service Life Policy is neither a warranty, performance guarantee nor an agreement to modify the Aircraft, or airframe components to conform to new developments hereafter occurring in the state of airframe design
and manufacturing art. Seller’s obligation herein is to make only those corrections to the Airframe components or furnish replacement therefore as provided in this Clause 4. 

 

	 	4.4.12	Buyer’s rights under this Clause 4 shall not be assigned, sold, leased, transferred or otherwise alienated by operation of law or otherwise, to other operators except as provided for in Clause 26 (Assignment of
Contract) hereof, and without prior Seller’s consent thereto given in writing. 

 Any unauthorised assignment, sale,
lease, transfer or other alienation of Buyer’s rights under this Service Life Policy shall immediately void this Service Life Policy in its entirety. 
  

	5	GENERAL CONDITIONS APPLICABLE TO APPENDIX E 

 THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF
SELLER AND/OR ITS SUPPLIERS AND REMEDIES OF BUYER SET FORTH IN THIS APPENDIX E ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES OF SELLER AND/OR ITS SUPPLIERS
AND RIGHTS, CLAIMS AND REMEDIES OF BUYER AGAINST SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS
AGREEMENT INCLUDING BUT NOT LIMITED TO: 
  

	 	(A)	ANY WARRANTY AGAINST HIDDEN OR LATENT DEFECTS (GARANTIE DES VICES CACHES) 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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	 	(B)	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS; 

  

	 	(C)	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE; 

  

	 	(D)	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER ARISING IN CONTRACT OR IN TORT AND WHETHER OR NOT ARISING FROM SELLER’S AND / OR ITS SUPPLIERS’ NEGLIGENCE, ACTUAL OR IMPUTED; AND 

 

	 	(E)	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT. 

NEITHER SELLER NOR ITS SUPPLIERS SHALL HAVE ANY OBLIGATION OR LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT OR FOR ANY
OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY LIABILITY TO
THIRD PARTY INCURRED BY BUYER 
 FOR THE AVOIDANCE OF DOUBT, SELLER SHALL NOT BE RESPONSIBLE FOR ANY LOSS OR DAMAGES CLAUSED BY THE
GROUNDING OF THE AIRCRAFT DUE TO A DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT, AND/OR FOR ANY EXPENSES INCURRED BY BUYER IN OBTAINING ANY SUBSTITUTE AIRCRAFT, COMPONENT, EQUIPMENT,
ACCESSORY, PART, SOFTWARE OR DATA 
 NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS CLAUSE 5 OF APPENDIX E, NOTHING CONTAINED IN SUCH
PROVISION SHALL AFFORD TO SELLER ANY WIDER EXCLUSION OF ANY LIABILITY OF SELLER THAN SELLER MAY EFFECTIVELY EXCLUDE HAVING REGARD TO THE PROVISIONS OF ANY APPLICABLE LAW. 

IN THE EVENT THAT ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER OF THIS
APPENDIX E SHALL REMAIN IN FULL FORCE AND EFFECT. 
 FOR THE PURPOSES OF THIS CLAUSE 5, “SELLER” SHALL INCLUDE SELLER, ITS
AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS. 
  
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 EXHIBIT A TO 

APPENDIX E—CLAUSE 4 
 LIST OF
PRIMARY STRUCTURE PARTS 
 The Items covered by the Service Life Policy pursuant to Clause 4 of this Appendix E are those described hereunder. [*****] are
excluded from this Service Life Policy. 
 [*****] 
  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	            [*****]	

  

	 	            [*****]	

  

	 	            [*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

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	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 Seller has contracted with MESSIER HISPANO BUGATTI a Service Life Policy transferable to Buyer,
covering the [*****] items as listed above. 
  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 
  

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 APPENDIX F 

TECHNICAL PUBLICATIONS 
  

 
  

	1	GENERAL 

  

	1.1	Specification 

 The technical publications (the “Technical Publications”), where
practicable, shall be provided in general accordance with Air Transport Association of America (ATA) Specification No. 100. 
 Seller
acknowledges Buyer’s desire to have Technical Publications issued in SGML or XML format. Such Technical Publications formats are not available today, but should these formats become available, Buyer shall have access to Technical Publications
in those formats at [*****] compared to the existing formats. 
  

	1.2	Delivery 

 The Technical Publications and corresponding revisions will be sent to one address
only defined by Buyer in the contractually agreed quantities as specified in Clause 3 of this Appendix F and the agreed frequencies. Packing and shipment will be [*****]. 

All present or future tax, levy, impost, duty, fees, assessments or other charge of whatever nature and however arising (including, without
limitation, any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) including but not limited to custom, import and/or export duties shall be paid by [*****] to the relevant authorities in
respect of any item delivered [*****] by Seller. 
 [*****] shall never be liable to pay any of the above future tax, levy, impost, duty,
fees, assessments or other charge of whatever nature in respect of any item delivered [*****] by Seller. 
 If any item delivered [*****] by
Seller is stopped by any custom authority for whatever reasons, [*****] shall have obligation to take any step to obtain such custom clearance. 
  

	1.3	Language 

 The Technical Publications will be supplied in the English language using the
aeronautical terminology in common use. 
  

	1.4	Technical Level of Publications 

 The level of Publications at delivery of any Aircraft will
correspond to the configuration level of any such Aircraft as defined [*****] before such delivery. The Aircraft configuration level at delivery will be introduced into the Technical Publications at the first revision following the delivery. 

Significant modifications applied to any Aircraft when delivered and not dealt with in the Technical Documentation shall be covered in advance
copies or temporary revisions. 
  
 [*****] Confidential material redacted
and filed separately with the Securities and Exchange Commission. 
  
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/ Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	1.5	Revision Service 

 Technical publications will be revised [*****] and such a revision service
will be provided at [*****] until [*****] after the delivery of the last Aircraft hereunder. Revision services thereafter will be subject to a separate agreement between Seller and Buyer. 

For the avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option
Aircraft) and O (Additional Aircraft) hereto will extend accordingly the [*****] revision service period set forth in the above paragraph. 

Unscheduled revisions (or equivalent information) to incorporate changes involving safety of operations or safety of maintenance, shall be
provided, [*****], for as long as Buyer operates the Aircraft through Technical Publications (including operational documentation) temporary revisions or through regular yearly revisions. 

 

	1.6	Buyer Furnished Equipment 

 Information related to Buyer Furnished Equipment will be included
[*****] in the Technical Publications to the extent necessary for the comprehension of the corresponding system(s). Buyer shall supply Buyer Furnished Equipment publications between [*****] before scheduled delivery of the Technical Publications.

  

	1.7	Service Bulletins 

 In accordance with Clause 1.5 of this Appendix F, service bulletins
information will be incorporated into the Technical Publications (Aircraft Maintenance Manual, Aircraft Wiring Manual and Illustrated Parts Catalogue) after written notice of Buyer’s intention to embody the Service Bulletin on its fleet. In
this case, both information “Before SB” and “After SB” will appear in the manuals concerned. 
  

	1.8	On-line access 

 On line web access to the envelope ATR 72-600 documentation will be provided
to a Buyer’s users through the “ATR Doc” portal for as many users as Buyer may reasonably request. 
  

	1.9	Effectiveness 

  

	 	1.9.1	The following manuals will be customised: 

  

	 	–	Aircraft Maintenance Manual 

  

	 	–	Description and Operation Manual 

  

	 	–	Trouble Shooting Manual 

  

	 	–	Job Instruction Cards 

  

	 	–	Illustrated Parts Catalogue 

  

	 	–	Wiring Diagram Manual 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	 	–	Aircraft Wiring Manual 

  

	 	–	Aircraft Schematic Manual 

  

	 	–	Aircraft Wiring Lists 

  

	 	–	Operational Manual 

  

	 	–	Airplane Flight Manual 

  

	 	–	Flight Crew Operating Manual 

  

	 	–	Check List 

  

	 	–	Weight and Balance Manual 

  

	 	–	List of Applicable Publications 

  

	 	1.9.2	Other Manuals will cover all ATR 72-600Aircraft. Effectivities (as applicable) will be defined by Manufacturer Serial Number. 

  

	1.10	Airworthiness Authorities 

 ANAC representatives may have free access to ATR website dedicated
to technical documentation (URL: http://www.atrdoc.com), in order to get an on-line access to all ATR technical publication referring to their operators. 
  

	1.11	Additional Requirements 

 If Buyer requires additional copies or other reproductions, or
preparation in different form or revisions of any of the data specified in this Clause 1, Seller shall supply requirements to Buyer under purchase orders received from Buyer by Seller. Seller prices for such copies or other reproductions shall be
reasonable. 
  

	1.12	Proprietary Rights 

 All data given to Buyer is for the sole use of Buyer, or its approved
repair agencies, which undertake the responsibility not to divulge the content of said documents. 
  

	2	MANUALS 

  

	2.1	Maintenance and associated Manuals 

  

	 	2.1.1	Aircraft Maintenance Manual 

 This manual will be in general accordance with ATA 100
Specification with texts and illustrations that will be separated. This manual has been split into three separate Manuals: 
  

	 	–	Description and Operation Manual 

  

	 	–	Trouble Shooting Manual 

  

	 	–	Job Instruction Cards 

 Engine line maintenance data furnished by the engine manufacturer
shall be given in documents separated from this manual. 
  
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– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	2.1.2	Illustrated Parts Catalogue 

 This manual identifies and illustrates replaceable Aircraft
parts and assemblies, and will be in general accordance with ATA 100 specification. 
  

	 	2.1.3	Wiring Diagram Manual 

 This manual describes all the wiring of the Aircraft and will be in
general accordance with ATA 100 Specification. The Wiring Diagram Manual has been split into three separate Manuals: 
  

	 	–	Aircraft Wiring Manual 

  

	 	–	Aircraft Schematic Manual 

  

	 	–	Aircraft Wiring Lists 

  

	 	2.1.4	Structural Repair Manual 

 This manual contains descriptive information for identification and
repair of the Aircraft primary and secondary structure. This Manual will be in general accordance with ATA 100 Specification. 
  

	 	2.1.5	Non Destructive Testing Manual 

 This manual contains descriptive data and specific
instructions concerning structural non destructive tests. This Manual will be in general accordance with ATA 100 Specification. 
  

	 	2.1.6	Illustrated Tools and Equipment Manual 

 This manual provides technical data sheets for all
specific tool and equipment required for the maintenance and repair of the Aircraft. Standard tools and airport service equipment are not covered in this Manual that will be in general accordance with ATA 100 Specification. 

 

	 	2.1.7	Maintenance Planning Document and Maintenance Review Board Document 

 These documents will
provide periodic maintenance requirements data necessary to plan and conduct the Aircraft maintenance checks and inspections. In addition, all the Airworthiness limitations will be grouped in one approved section. 

 

	 	2.1.8	Structural Repair Kits Manual (SRKM) 

 The SRKM is intended for use in identifying and
provisioning parts required for aircraft repair in the event of damages caused by service vehicles, resulting from a crash. The SRKM covers all structure parts of defined zones and provides the kit list of parts. 

 

	 	2.1.9	Corrosion Prevention—Corrosion Inspection—Corrosion Findings (DPCICF) 

 This
document is intended to provide with general information on corrosion in order to assist customers in easily finding out the relevant data necessary to 
  

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develop and implement their maintenance program for corrosion and to take appropriate preventive and curative actions when necessary. 

 

	2.2	Operational Manuals 

  

	 	2.2.1	Airplane Flight Manual 

 The Airplane Flight Manual is related to a specific airplane, whose
model is specified on the heading page of the manual. It is approved by the Airworthiness Authorities. 
  

	 	2.2.2	Flight Crew Operating Manual 

 The Flight Crew Operating Manual only contains pages applicable
to the Aircraft of the specific customer’s fleet. It gives the Aircraft technical, procedural and performance characteristics. 
  

	 	2.2.3	Check List 

 This manual provides in a condensed form the normal, abnormal and emergency
procedures detailed in the Flight Crew Operating Manual. 
  

	 	2.2.4	Weight and Balance Manual 

 This manual specific to each Aircraft enables the operator to
determine the centre of gravity in relation with the loading of the Aircraft. This manual will be in general accordance with ATA 100 Specification. 
  

	 	2.2.5	Master Minimum Equipment List 

 This list defines the components and the related conditions
under which, when the components are defective, the Aircraft may be cleared for flight in accordance with Seller’s Airworthiness Authorities and EASA regulations. 
  

	 	2.2.6	Airport Planning 

 This manual prepared and issued according to Specification NAS 3601
indicates Aircraft characteristics data required for general airport planning information. 
  

	 	2.2.7	Crash Crew Chart 

 This chart provides the information required for Aircraft evacuation in the
event of a crash. 
  

	2.3	Component Manuals 

  

	 	2.3.1	Overhaul Manuals/or Component Maintenance Manuals/Manufacturer 

 These manuals contain
instructions concerning the overhaul and/or repair of components, together with the procedures for restoring such components to fully serviceable condition. These manuals will be in general accordance with ATA 100 Specification. 

 
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	2.4	Miscellaneous Documentation 

  

	 	2.4.1	Service Bulletins 

 This document will be in general accordance with ATA 100 Specification.
Service Bulletins will be delivered as soon as practicable and will cover Seller’s designated changes on the Aircraft that affect any Aircraft delivered hereunder. A Service Bulletin Index will be supplied regularly. 

 

	 	2.4.2	List of Applicable Publications 

 This list is a record of the various Technical Publications
with the date of the last valid revision. 
  

	2.5	Airworthiness Directives Information 

 Seller shall inform Buyer of any Airworthiness Directive
possibly affecting the Aircraft as might be issued by any relevant Aviation Authority. 
  

	3	LIST OF MANUALS 

 The list of manuals to be supplied by Seller to Buyer is set forth in the tables hereafter.

  

	 	3.1.1	Maintenance documentation 

  

									
	  

DESCRIPTION
  
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
		 		 		 		 	
	 	 	 	 	 
	 DVD-ROM
PACKAGE: AMM (JIC+DO+TSM)
 + IPC + WDM (ASM+AWL+AWM)
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

		 		 		 		 	
	 	 	 	 	 
	 AIRCRAFT MAINTENANCE MANUALS
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	 AMM/Job Instruction Cards
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	 AMM/Description Operation
Manual
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	
AMM/Trouble Shooting Manual
  
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

		 		 		 		 	
	 	 	 	 	 
	 ILLUSTRATED PARTS CATALOG
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	 IPC ROW
DATA (Text Editable)
  
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

		 		 		 		 	
	 	 	 	 	 
	 WIRING DIAGRAM MANUALS
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	 WDM/Aircraft Wiring Manual
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	 WDM/Aircraft Schematic Manual
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 	 	 	 	 
	
WDM/Aircraft Wiring Lists
  
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

  

	(1)	Available in DVD Rom Format—includes ATR@Nav – ATR@Nav is subject to the signature of a specific licence agreement for exclusive use of ATR@Nav loading “Adobe Acrobat n@vigator”

	(2)	Available in CD Rom Format – All files in Adobe Acrobat pdf format 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	3.1.2	Operational documentation 

  

									
	  

DESCRIPTION
  
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
		  		  		  		  	
	
PACK OPS CD ROM: (AFM / FCOM / CL & QRH / WBM / MMEL)

 
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
		  		  		  		  	
	 SET COCKPIT
including AFM/FCOM/CL/WBM/MMEL
	  	 [*****]
	  	[*****]	  	[*****]	  	[*****]
	 AIRCRAFT FLIGHT MANUAL
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 FLIGHT CREW OPERATING MANUAL
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 CHECK LIST
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 WEIGHT AND BALANCE MANUAL
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 MASTER
MINIMUM EQUIPMENT LIST
  
	  	[*****]	  	[*****]	  	[*****]	  	[*****]

  

	(1)	Available in CD Rom Format- All files in Adobe Acrobat pdf format 

  

			
	MSN N°	  	TBD
	Airline IATA Code & Designation	  	AD
	Language	  	English
	Authorities	  	DGAC
	Weight Standard Unit (Kg & lb)	  	Kg

  

	 	3.1.3	Various document 

  

									
	  

DESCRIPTION
  
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
		 		 		 		 	
	
SERVICE BULLETINS PACK: (SB + CI + TI + SL)

 
	 	 [*****]
	 	[*****]	 	[*****]	 	[*****]
		 		 		 		 	
	
STRUCTURAL PACK (SRM+SRKM+NDTM+CPCICF)
  
	 	 	 	 	 	 	 	 
	 STRUCTURAL REPAIR MANUALS
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 STRUCTURAL REPAIR KIT MANUALS
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 CORROSION PREV. / INSP. /
FINDING
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	
NON-DESTRUCTIVE TESTING MANUAL
  
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
		 		 		 		 	
	 PLANNING
PACK (MPD + MRB)
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 MAINTENANCE PLANNING MANUALS
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 MAINTENANCE REVIEW BOARD
MANUAL
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 MPD
SPREADSHEET AMASIS Compatible - Excel 2000/2003 version
  
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

		 		 		 		 	
	
MISCELLANEOUS MANUALS (CLM+QEC+ITEM+AP+CMM/M)

 
	 	 	 	 	 	 
	 COMPONENT LOCATION MANUAL
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 QUICK ENGINE CHANGE
BUILD-UP-GUIDE
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 ILLUSTRATED TOOL AND EQUIPMENT
MANUAL
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 AIRPORT PLANNING MANUAL
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	COMPONENT MAINTENANCE MANUAL / MANUFACTURER	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	 [*****]

	 CRASH CREW CHART
	 	[*****]	 	[*****]	 	[*****]	 	[*****]
	 LIST OF
APPLICABLE PUBLICATIONS
  
	 	[*****]	 	[*****]	 	[*****]	 	[*****]

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	DESCRIPTION	  	 TYPE C=Customized A=All Version

 
	  	 Paper

Copies
	  	 Internet

ATR|Doc
	  	CD or DVD ROM copies (pdf)

  

									
	CONTRACTUALS MANUALS (VD+VWM+VPSA)	 	  
	 VENDOR
DIRECTORY
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

	 VENDOR
WARRANTY MANUAL
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

	
VENDOR PRODUCT SUPPORT AGREEMT
  
	 	 [*****]
	 	 [*****]
	 	 [*****]
	 	
[*****]

  

	(1)	Available in DVD Rom Format—All files in Adobe Acrobat pdf format 

	(2)	Available in CD Rom Format – All files in Adobe Acrobat pdf format 

  

	4	ACCESS TO MANUFACTURER’S DRAWINGS 

  

	4.1	Upon Buyer’s request stating the purpose of such request, Seller shall supply to Buyer on a [*****] basis any Aircraft drawing required for the troubleshooting and repair of the Aircraft (excluding however the
manufacture of parts by Buyer) with its associated translation into English if applicable, subject to prior Seller’s shareholders consent. Seller shall endeavour its commercially reasonable efforts efforts to obtain this consent prior to the
delivery of the first Aircraft on a once-for-all and not on a case-by-case basis and Seller’s shareholder’s consent may be provided in the form of a confidentiality agreement between Seller, Seller’s shareholders and Buyer.

  

	4.2	Seller shall supply such drawings either by facsimile or in digital format by electronic mail, as may be appropriate, within [*****] hours, unless the issuance or the translation of those drawings require the
verification by Seller’s design office, in which event such drawings shall be supplied not later than [*****] following Buyer’s request. Seller shall however endeavour its best efforts to supply such drawings within [*****] hours in case
of AOG. 

  

	4.3	The use of such drawings by Buyer shall be on a confidential basis and limited to Buyer’s exclusive use in the troubleshooting and repair of the Aircraft (excluding however the manufacture of parts by Buyer) and to
the period of time that the Aircraft are remaining in operation with Buyer. So long as Buyer shall not infringe upon Seller’s intellectual proprietary rights, Buyer shall not be bound to pay any royalties or fees for the use of such drawings.

  

	4.4	All drawings supplied hereunder shall be furnished in strict confidentiality and Buyer shall commit to not disclose either externally or internally nor to copy any of such drawings without Seller’s prior written
consent. 

  

	4.5	Seller acknowledges Buyer’s desire to have Aircraft drawings issued in electronic format. Such Aircraft drawings formats are not available today, but should these formats become available, Buyer shall have access
to Aircraft drawings in electronic format [*****] and under the same conditions prevailing in this Clause 4. 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	4.6	These provisions do not grant any warranty, express or implied, with respect to the quality, validity, or usefulness of such drawings. Seller, Seller’s shareholders, Seller’s suppliers and/or Seller’s
shareholders’ suppliers shall not be liable for damages of any kind as a result of Buyer reliance on or use for the purposes stated herein of such drawings provided hereunder. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	106	  	

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 APPENDIX G 

ENGINEERING ASSISTANCE 
  

 
  

	1	TECHNICAL DESK ASSISTANCE 

 Seller shall provide Buyer with 24 hours per day, seven days a
week, all year, inclusive of holiday periods, technical desk assistance on a [*****]. 
  

	2	NO TECHNICAL OBJECTION & LIKE ADVICE 

 Supply of Non Technical Objections
(“NTO”) and like advice shall be provided to Buyer on a [*****] for routine requests for up-to [*****] of engineering work. 
 For
NTO and like advice requiring more than [*****] of engineering work, such engineering work will be charged to Buyer on the basis of conditions described in Clause 3 of this Appendix G. 

Upon Buyer’s request, Airworthiness Authority approval shall be provided on a [*****] basis for all ATR provided interim and/or permanent
dispositions 
  

	3	REPAIR DRAWING PRICE POLICY 

  

	3.1	Introduction 

 The structures engineering group provides 24 hours per day, seven days a week,
all year, inclusive of holiday periods on-call service to assist the operators to solve problems in terms of: 
  

	 	–	Aircraft damage assessment 

  

	 	–	Providing responses to structural technical queries 

  

	 	–	Assisting in the use of the aircraft structural documentation 

  

	 	–	Providing repair solutions by means of repair instruction, sketch or drawing. 

 Buyer will be
charged for all repair solutions to rectify structural dents, punctures, scratches, lightning strike damage, hail damage, corrosion, etc. except for those covered by the Aircraft Service Life Policy. 

Once the classification of the requested repair solution and related lead-time have been requested by Buyer and agreed by Seller, Seller will
make all efforts to meet the lead-time or the repair solution charges will be waived. 
 Seller shall continue to produce generic repairs
and to update the Structural Repair Manual (SRM) with the objective to provide the operators as much autonomy as possible. 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
		  	107	  	

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	3.2	Terms of Reference 

 The lead-time shall start from the receipt of a comprehensive damage
report, and of the purchase order when applicable. It shall end when the repair solution has been made available to Buyer. When appropriate, a temporary repair solution shall be supplied. 

The process shall include (as applicable) repair instruction, sketch or drawing and structural engineering support. When required the
Airworthiness Authorities approval will be provided at a later time. 
 The level of priority associated to each type of repair solution
shall be as follows, where working hours refer to Seller headquarters working hours: 
  

									
	
Category    
	  	
Definition
	 	[*****]	 	[*****]
	 A
	 	
A  
 O  

G  
	  	
Customer’s request is required on an AOG basis, and lead-time for structural instruction
completion is of [*****] maximum.
  
	 	[*****]

[*****]
	 	[*****]
	 B
	 	  	 Customer’s request is required
on an AOG basis, but lead-time for structural instruction completion is over [*****].
  
	 	[*****]

[*****]
	 	[*****]
	 C
	 	
R  
 O  

U  
 T  

I  
 N  

E  
	  	Structural instruction is not required on an AOG basis, and requires less u than 8 MH of engineering work.	 	[*****]	 	[*****]
	 D
	 	  	Structural instruction is not requiredon an AOG basis, and requires more than 8 MH of engineering work.	 	[*****]	 	[*****]

 According to the above classification tables, the following rates will apply: 

Category Charging rate – 2010 Economic Conditions 
  

	 	A	[*****] 

  

	 	B	[*****] 

  

	 	C	[*****] 

  

	 	D	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

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		  	108	  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
 Buyer shall however be waived from any charge (either pursuant to B or
D) above until [*****] after delivery of the last Firm Aircraft. For avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option Aircraft) and O (Additional Aircraft) hereto
will extend accordingly this [*****]. 
  

	3.3	Limitations 

 If a repair instruction proves to be included in ATR technical publications as
available to Buyer (including through on-line access), and thus Buyer’s request proves to be the result of inadequate use of such available ATR technical documentations, the charging rate for such repair instruction will be [*****] from the
first hour spent by Seller engineering team. Seller shall however, during [*****] years following delivery of the first Used Aircraft, waive Buyer’s payment obligation for the [*****] engineering hours spend by Seller with respect any repair
instruction, as requested by Buyer, that has proved to be included in ATR technical publications. 
 If Seller has reasonable grounds to
believe that any request made by Buyer on an AOG basis could have been made on a routine basis, Seller shall be entitled to request to Buyer reasonable proof of the necessity to make such request on an AOG basis. Should Buyer fail to provide such
proof in a form and substance reasonably satisfactory to Seller, then the charging rate for any such request unduly placed on AOG basis will be [*****] from the first hour spent by Seller engineering team. 

 

	4	PROCEDURE 

 During normal working hours, Buyer will have to directly contact Seller usual
technical correspondent by phone. Outside normal working hours, Buyer will have to directly contact Seller Technical Desk by phone. 
 Any
request shall be made official by faxing to Seller the description of the damage as set out on a specific repair solution request form. 

Within the reaction time defined above, Seller shall have to acknowledge receipt of the request, ask for further information if necessary and
propose temporary solution when applicable. Upon receipt of a comprehensive damage report, Seller shall fax the authorization for repair form completed, for Buyer agreement. 

For chargeable repair solution, the clock guarantee lead-time will begin upon receipt of an official request from Buyer’s engineering
team and a comprehensive damage report as confirmed by Seller. Buyer will follow-up with a purchase order within [*****] of the official engineering request. 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
		  	109	  	

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 APPENDIX H 

START-UP TEAM 
  

 
  

	1	FERRY FLIGHT & LINE TRAINING ASSISTANCE 

  

	1.1	At the delivery of the first Used Aircraft, Seller shall second to Buyer [*****] of its instructor pilots in order to perform the ferry flight of the first Used Aircraft and line training for a duration of [*****] per
Firm Aircraft, that is for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

 Line training provides the
opportunity for a flight crew to carry into practice the procedures and techniques learned during the ground and flying training sessions of a transition course. This is accomplished under the supervision of a crew member specifically nominated and
trained for the task. 
  

	1.2	Ferry flight and line training assistance shall be limited to [*****] in total, notwithstanding any Option Aircraft or Additional Aircraft exercise pursuant to Appendices N (Option Aircraft) and O (Additional
Aircraft) hereof. 

 However, on top of [*****] assistance referred to above, Seller shall also second to Buyer [*****] of
its instructor pilots in order to perform the ferry flight of [*****] (either Used Aircraft or Aircraft). Buyer shall inform Seller with reasonable advance notice of its requirement for any ferry flight assistance. 

 

	1.3	At all times during the ferry flight and during line training, responsibility and liability for such flight and the operation of the Aircraft shall remain with Buyer and Buyer shall ensure that appropriate insurance
cover, in a form reasonably satisfactory to Seller, is in place. The flight duty schedule of the flight crew member(s) must comply with the applicable French/European regulations. 

 

	1.4	During ferry flight and line training, the cost of fuel, maintenance, landing and navigation fees shall [*****]. 

  

	2	PILOTS START-UP TEAM 

 Seller shall provide to Buyer [*****] a start-up team of pilots
according to the terms of this Clause 2, being understood that any such pilots will be supplied by Seller through third party service providers. 

The pilots shall be qualified and experienced ATR 72-200 captains that will fly Buyer’s Used Aircraft during revenue service and that
will be made available to Buyer at Buyer’s main base or at any other Buyer’s base for [*****] per Firm Aircraft, that is for the [*****] Firm Aircraft ordered hereunder in the quantities and during the period set out below: 

 

	 	(i)	[*****] each following delivery of the first Used Aircraft to Buyer; and 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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	 	(ii)	Thereafter, [*****] each (following the period mentioned in Clause 2 (i) above); and 

  

	 	(iii)	Thereafter, [*****] each (following the period mentioned in Clause 2 (ii) above). 

 Start-up
team pilot assistance shall be limited to [*****] in total notwithstanding any Option Aircraft or Additional Aircraft exercise pursuant to Appendices N (Option Aircraft) and O (Additional Aircraft) hereof. 

 

	3	AIRCRAFT MAINTENANCE START-UP TEAM 

 Seller shall provide to Buyer [*****] a start-up team of
aircraft maintenance engineers according to the terms of this Clause 3, being understood that any such maintenance engineers will be supplied by Seller through third party service providers. 

This team of qualified airframe / powerplant and / or avionics / electrics experienced on the ATR72 will ensure smooth introduction and
operation of the ATR 72 aircraft into Buyer’s fleet and will be made available to Buyer at Buyer’s main base or at any other Buyer’s base in the quantities and during the period set out below: 

 

	 	(i)	[*****] each following delivery of the first Used Aircraft to Buyer; and 

  

	 	(ii)	Thereafter, [*****] after delivery of the last Firm Aircraft hereunder. 

 Start-up team
maintenance engineers assistance shall be limited to [*****] notwithstanding any Option Aircraft or Additional Aircraft exercise Appendices N (Option Aircraft) and O (Additional Aircraft) hereof. 

The maintenance engineer start-up team will provide assistance and additional training / on the job support to Buyer’s maintenance
personnel. Maintenance activities could include: 
  

	 	(i)	Completion of schedule and unscheduled maintenance on the Aircraft in accordance with applicable Buyer’s approved maintenance program; 

 

	 	(ii)	Assistance in maintenance planning and logistics, working closely with Buyer’s personnel to provide them experience and skills to acquire rapidly necessary autonomy in different areas of aircraft maintenance,
particularly for line activities and type “A” airframe visits. 

  

	4	ADDITIONAL START-UP ASSISTANCE 

  

	4.1	Additional Start-Up Assistance 

 Seller shall also provide to Buyer [*****] the following
start-up assistance: 
  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 
  
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– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	(i)	Secondment at Buyer’s main base of an operations engineer for [*****] in total, with the objective of assisting Buyer in building performance charts and other per formance related procedures; 

 

	 	(ii)	Secondment at Buyer’s main base of an maintenance program engineer for [*****] in total, with the objective of assisting Buyer in building its maintenance program for either (or both) the Used Aircraft or the ATR
72-600 Aircraft; and 

  

	 	(iii)	Secondment at Buyer’s main base of a spare engineer for [*****] in total, with the objective of assisting Buyer in placing spares purchase orders and other related procedures. 

The timing on which Seller shall provide such assistance shall be further agreed by the parties, being understood that (a) each of the
above assistance periods may be split in two or more periods provided that the cumulated total of the assistance does not exceed the above mentioned [*****] total period, and (b) the above assistance may be available to Buyer starting from the
delivery of the first Used Aircraft, should Buyer so request. 
  

	4.2	Vendors Field Service Assistance 

 Starting from receipt by Buyer of the first Aircraft, Seller
shall arrange to procure routine visits and during the first Hot Section Inspection (HSI) by competent representatives of the Engine manufacturer. 

When necessary, routine visits will also be arranged for representatives of major vendors. 

 

	5	START-UP PACKAGE ADJUSTMENT 

  

	 	5.1	The composition of the start-up team shall be subject to further joint detailed review and discussion between Seller and Buyer’s personnel. 

 

	 	5.2	Should Buyer elect to remove any service from the start-up package set forth in this Appendix H, then Seller [*****] according to the rates set forth in Exhibit A to this Appendix H. 

The [*****] shall be available to Buyer for the [*****]. 
  

	 	5.3	Should Buyer elect for the [*****], it shall be available to Buyer upon each Aircraft delivery and for [*****]. 

  

	6	INDEMNITY AND INSURANCE 

 BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, SELLER’S
EMPLOYEES AND SUBCONTRACTORS AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST SELLER AND ITS EMPLOYEES OR SUBCONTRACTORS BY
REASON OF INJURY TO OR DEATH OF BUYER’S 
  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 
  

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PERSONNEL ARISING OUT OF OR IN CONNECTION WITH THE PRESENT CLAUSE, EXCEPT TO THE EXTENT OF SELLER’S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT. 
 SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER AND BUYER’S EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES
AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST BUYER, ITS EMPLOYEES AND SUBCONTRACTORS BY REASON OF INJURY TO OR DEATH OF SELLER’S EMPLOYEES ARISING OUT OF OR IN
CONNECTION WITH THE PRESENT CLAUSE EXCEPT TO THE EXTENT OF BUYER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 IN THE EVENT ANY CLAIM IS
MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES, FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT, SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE
DEFENCE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 
 BUYER SHALL BE SOLELY LIABLE FOR, AND SHALL
INDEMNIFY AND HOLD HARMLESS SELLER, ITS OFFICERS, AGENTS, EMPLOYEES AND SUBCONTRACTORS FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND DEATH OF PERSONS AND FOR LOSS OF OR DAMAGE TO PROPERTY, HOWSOEVER
ARISING OUT OF OR IN CONNECTION WITH THE SERVICES UNDER THIS APPENDIX, EXCEPT WHERE IT ARISES FROM THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS OFFICERS, AGENTS AND SUBCONTRACTORS. IN PROVIDING SUCH SERVICES, SELLER’S EMPLOYEES AND
SUBCONTRACTORS ARE DEEMED TO BE ACTING IN AN ADVISORY CAPACITY ONLY AND SOLELY WHERE ANY LIABILITY IS INVOLVED, SHALL THEY BE DEEMED TO ACT AS BUYER’S EMPLOYEES OR AGENTS EITHER DIRECTLY OR INDIRECTLY. 

FOR THE FERRY FLIGHT, LINE TRAINING AND PILOT ASSISTANCE SET OUT IN CLAUSE 1 AND 2 OF THIS APPENDIX H, BUYER SHALL (1) INDEMNIFY AND
WAIVE ANY RIGHTS OF RECOURSES AGAINST SELLER AND ITS SUBCONTRACTORS IN RESPECT OF HULL ALL RISKS INSURANCE POLICY AND (2) NAME SELLER AND ITS SUBCONTRACTORS AS ADDITIONAL INSURED IN RESPECT OF THIRD PARTIES AND/OR PASSENGERS AND/OR FREIGHT
LIABILITY RISKS. 
 BUYER SHALL DELIVER TO SELLER A CERTIFICATE OF INSURANCE EVIDENCING THE COVERAGE REQUIRED BY THIS CLAUSE. 

 
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 EXHIBIT A TO 

APPENDIX H—CLAUSE 5 
 START-UP
TEAM CONVERSION RATES 
  

											
	 Start-Up Team
	  	Contract Section	  	Minimum
Quantity
to be
Supplied	 	  	Start-Up
Conversion
Credit /
Unit	 
	 Pilot Training Assistance
	  		  				  			
	 Ferry Flight & Line Training Assistance
	  		  				  			
	 ATR Instructors Lease
	  	Appendix H-1	  	 	[*****]	  	  	 	[*****]	  
	 ATR Instructors Accomodation
	  	Appendix H-1	  	 	[*****]	  	  	 	[*****]	  
	 ATR Instructors One Way Tickets
	  	Appendix H-1	  	 	[*****]	  	  	 	[*****]	  
	 Pilot Start-Up Team
	  		  				  			
	 Flying Captain Assistance
	  	Appendix H-2	  	 	[*****]	  	  	 	[*****]	  
	 Flying Captain Accomodation
	  	Appendix H-2	  	 	[*****]	  	  	 	[*****]	  
	 Flying Captain Return Tickets
	  	Appendix H-2	  	 	[*****]	  	  	 	[*****]	  
	 Maintenance Training Assistance
	  		  				  			
	 Mechanics Start-Up Team
	  		  				  			
	 Maintenance Engineer Assistance
	  	Appendix H-3	  	 	[*****]	  	  	 	[*****]	  
	 Maintrenance Engineers Accomodation
	  	Appendix H-3	  	 	[*****]	  	  	 	[*****]	  
	 Maintenance Engineer Return Tickets
	  	Appendix H-3	  	 	[*****]	  	  	 	[*****]	  
	 Other Assistance
	  		  				  			
	 Operations Engineer Assistance
	  		  				  			
	 Operations Engineer Assistance
	  	Appendix H-4.1 (i)	  	 	[*****]	  	  	 	[*****]	  
	 Operations Engineer Accomodation
	  	Appendix H-4.1 (i)	  	 	[*****]	  	  	 	[*****]	  
	 Operations Engineer Return Tickets
	  	Appendix H-4.1 (i)	  	 	[*****]	  	  	 	[*****]	  
	 Maintenance Program Engineer Assistance
	  		  				  			
	 Maintenance Program Engineer Assistance
	  	Appendix H-4.1 (ii)	  	 	[*****]	  	  	 	[*****]	  
	 Maintenance Program Engineer Accomodation
	  	Appendix H-4.1 (ii)	  	 	[*****]	  	  	 	[*****]	  
	 Maintenance Program Engineer Return Tickets
	  	Appendix H-4.1 (ii)	  	 	[*****]	  	  	 	[*****]	  

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 APPENDIX I 

FIELD SERVICE 
  

 
  

	1	Seller shall provide [*****] to Buyer the assistance of [*****] per Aircraft. 

 This CSR will
be available at Buyer’s main base as from the delivery of the first (1st) Used Aircraft and, based on the proposed Delivery Schedule and based an order of [*****] Firm Aircraft, will stay at Buyer’s main base until [*****]
months after delivery of the last Aircraft hereunder. For the avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option Aircraft) and O (Additional Aircraft) hereof will
generate an additional [*****] CSR assistance per exercised Option Aircraft or Additional Aircraft (as applicable). 
  

	2	The CSR will have a wide experience in all fields in order to provide their know-how in (i) organization, (ii) logistics, (iii) communication and (iv) trouble shooting. The CSR will focus on:

  

	 	(i)	Technical assistance (such as on job training for Buyer’s mechanics, usage of technical publications) but shall also be able to set-up all the communications with Seller product support and engineering directories.

  

	 	(ii)	Buyer’s mechanics assistance for the trouble shooting and line maintenance of the Aircraft. 

  

	3	Buyer shall cause transportation to be made available for the CSR mentioned in Clause 1 of this Appendix I, [*****] to Seller, for work-related travel that have been previously mutually agreed by the CSR and Buyer.
However, [*****] shall pay the round trip air transportation charges of such CSR (for duty travel) between Toulouse France and Buyer’s main base. 

  

	4	[*****] shall bear all expenses in connection with transport, subsistence, insurance and salary of such CSR. Buyer shall furnish, [*****] to Seller, suitable office space and facilities (telephone, telefax, copying
machine, printer and the like) and secretarial services for business purposes only in order to enable Seller’s representative to fulfill its task properly. 

  

	5	Seller shall have the right to withdraw its assigned personnel on short notice, if conditions arise which are dangerous to their safety or health, or which prevent them from fulfilling their contractual tasks.

  

	6	Indemnity 

 BUYER SHALL BE SOLELY LIABLE FOR, AND SHALL INDEMNIFY AND HOLD HARMLESS SELLER, ITS
OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND DEATH OF PERSONS AND FOR LOSS OF OR DAMAGE TO PROPERTY, HOWSOEVER ARISING OUT OF OR IN CONNECTION WITH THE SERVICES UNDER
THIS APPENDIX, EXCEPT WHERE IT ARISES FROM THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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OFFICERS, AGENTS OR CSR’S. IN PROVIDING SUCH SERVICES, SELLER’S EMPLOYEES ARE DEEMED TO BE ACTING IN AN ADVISORY CAPACITY ONLY AND
SOLELY WHERE ANY LIABILITY IS INVOLVED, SHALL THEY BE DEEMED TO ACT AS BUYER’S EMPLOYEES OR AGENTS EITHER DIRECTLY OR INDIRECTLY. 
  

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 APPENDIX J 

TRAINING 
  

 
  

	1	GENERAL 

  

	1.1	Seller shall provide, [*****], thorough training for Buyer’s personnel as set out in this Appendix J. 

For the avoidance of doubt, any training service set forth in this Appendix J for which available quantities are expressed on a per Aircraft
basis shall also be supplied to Buyer under such per Aircraft quantities for any exercised Option Aircraft or exercised Additional Aircraft (as the case may be) pursuant to Appendix N (Option Aircraft) or O (Additional Aircraft)
hereof. 
  

	1.2	The training services set forth herein below will be conducted at Seller’s training school being ATC facilities in Toulouse (France) unless otherwise specified herein. 

Seller’s training school must have JAR-FCL approved training certificate (FTO or TRTO in accordance with JAR-FCL 1.055) and all
instructors must have JAR-FCL certificate. The flight examination instructor must be JAR-FCL authorized. 
  

	1.3	Crew and ground staff training relating to any Aircraft may be performed from [*****] prior to the Delivery of any such Aircraft until [*****] after delivery of the last Aircraft covered by this Contract.

  

	1.4	The courses will be scheduled on mutually agreed plans to be discussed in a training conference (the “Training Conference”) to be held as soon as practicable after signature of this Contract and in all cases
before the first course commences. The Training Conference shall detail and validate the training courses provided by Seller in Clause 3 below. 

In addition Buyer shall be entitled to request to Seller to exchange courses set out in Clause 3 of this Appendix J by other training courses
of equivalent value proposed by Seller’s Training School based upon the Seller’s Training School catalogue price in force at the time such exchange is requested. 
  

	1.5	For the purpose of this Appendix J, a “Conversion Training Course” means a training course for pilots, who have obtained a type certificate for a Transport Category aircraft prior to commencement of the course
at the Seller’s Training School. 

  

	2	COURSE QUALIFICATION 

  

	2.1	Buyer warrants that the trainees which shall be enrolled for training pursuant to the provisions hereof shall be able to fully understand written and spoken English. The trainees participating in the Conversion Training
Courses shall have the prerequisite Turboprop Transport Category experience in order to attend the Conversion Training Courses. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	2.2	It is clearly understood and agreed that the courses provided by ATR Training Centre (“ATC”) to Buyer are Conversion Training Courses. 

In the event that a trainee enrolled on a Conversion Training Course lacks the necessary entry- level preparation, the trainee shall, after
consultation with Buyer, either be cycled through an appropriate entry level training program or be withdrawn from the program. All cost associated with such entry level training program together with those associated with the cancellation of the
scheduled Conversion Training Course shall be borne [*****] upon the furnishing of appropriate invoices by ATC. 
  

	2.3	In fulfilment of its obligations to provide training courses hereunder, Seller’s training school shall deliver to trainees a certificate of satisfactory completion at the end of such courses. This certificate does
not constitute satisfaction or qualification by any official civil aviation authority but may be presented to any such authority as confirmation of satisfactory completion of Seller’s training course. 

 

	2.4	Prior to the commencement of a course, Buyer shall provide Seller’s training school with an attendance list of the trainees to be enrolled for each course and the validated performance of each trainee and any
further information that ATC may require. It is understood between Buyer and Seller that Seller’s standard courses are designed and approved to bring Turboprop Transport specialists to a professional knowledge of the ATR aircraft. Seller shall
not be held liable for the unsatisfactory performance of any individual trainee for whatever reason. 

  

	3	TRAINING COURSES 

  

	3.1	Flight Crew Training 

 Flight Crew training services will include the following: 

 

	 	3.1.1	ATR Flight Crew Standard Course (Type Rating) for [*****] per Aircraft, that is for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

This training program is a [*****] training course that shall consist of a standard course as follows: 

 

	 	(1)	Ground training Instruction: [*****] 

  

	 	(2)	Synthetic Flight Training / FFT: [*****] 

  

	 	(3)	Synthetic Flight Training / FFS: [*****] 

  

	 	(4)	1 flight consisting of [*****] per pilot. 

 As prerequisites, each captain must hold a current
Airlines Transport Pilot Licence and should be in a position to justify having flown at least [*****] (or equivalent) and [*****] in a turbo-prop aircraft. The co-pilot shall be required to hold a current commercial 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 pilot’s license with instrument rating and multi-engine rating.
Each pilot shall have crew co-ordination ability. 
 Each crewmember should have been qualified and
served in the same capacity on another aircraft in the same group as the Aircraft (JAR 25/FAR 25 approved) within the last twelve months following the beginning of the training program. Trainees who do not meet such requirements must obtain a
written approval from the Seller’s training centre manager. 
 The flight training phase shall be performed on Buyer’s own
aircraft after delivery (or if not possible for practical reasons to have such flight training in Toulouse on Buyer’s Aircraft, Seller may decide by itself to use any other similar ATR aircraft available in France). Seller shall provide
[*****], the services of flight instructors and the line maintenance which shall include servicing and pre-flight checks. Buyer shall at its own expense, provide spare parts, as required, shall bear the cost of fuel and landing fees and shall
contract third party liability insurance coverage, in a form reasonably satisfactory to Seller. 
 It shall be responsibility of Buyer to
obtain any authorisations and validations of flight instructors’ licenses as may be required by the aviation authority having jurisdiction over the Aircraft. 
  

	 	3.1.2	ATR Type Rating Instructor (“TRI”) training for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

This TRI Training Course will be spread over [*****] and shall consist of an initial course as follows: 

 

	 	(1)	Phase 1 – Ground Course: [*****] 

  

	 	(2)	Phase 2 – Simulator Instruction: [*****] 

  

	 	(3)	Phase 3 – Airborne Instruction [*****] 

 TRI Module 1 training may be performed at
Buyer’s main base by an ATR instructor. In such a case, Buyer shall supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling
policy) shall be borne [*****]. 
 Nb: Flight Instructors have to be approved by the local authority in order to become Check Pilots. 

 

	3.2	Cabin Attendant Training 

 Cabin Crew training services will include the following: 

 

	 	3.2.1	ATR Flight Attendant Instructor Training for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	The proposed Flight Attendant Instructor Training course is [*****] training course. 

 Cabin
crew training may be performed at Buyer’s main base on Buyer’s Aircraft by an ATR instructor. In such a case, Buyer shall supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar
expenses (in accordance with Seller’s prevailing travelling policy) shall be borne [*****]. 
  

	3.3	Mechanics Training 

 Mechanics training services will include the following PART 147 training:

  

	 	3.3.1	ATR Mechanics / Electrics T1 maintenance course (theoretical / module 1 / module 2) for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

The proposed T1 modules – theoretical, 1 (simulator) and 2 (on job training) – maintenance courses are respectively [*****] training
courses. 
 They are addressed to B1 category maintenance personnel who are required to issue certificates for release to service following
line and base maintenance including aircraft structure, power plants, mechanical and electric systems and replacement of avionics LRU, requiring simple tests to prove their serviceability. 

 

	 	3.3.2	ATR Avionics T1 additional modules maintenance course (theoretical / module 1 / module 2) for [*****] Firm Aircraft ordered hereunder. 

The proposed T1 additional modules – theoretical, 1 (simulator) and 2 (on job training) – maintenance courses are respectively
[*****] training courses. 
 They are addressed to maintenance personnel who are wishing to get upgraded from category B1 to category B2
with an additional training covering the avionics systems at level III. 
  

	 	3.3.3	ATR T4 Base Maintenance Certifying Engineer course for [*****] Firm Aircraft ordered hereunder. 

The proposed T4 course is a [*****] training courses based on CBT training. 

It is addressed to maintenance supervisors who are required to issue certificates of release to service following line and base maintenance
for the Aircraft. 
 T1 theoretical module, T1 additional theoretical module and T4 training may be performed at Buyer’s main base by
an ATR instructor. In such a case, Buyer shall supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne
[*****]. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 Mechanics training services will also include the following non PART 147
training: 
  

	 	3.3.4	ATR Engine Run-up maintenance course for [*****] Buyer’s mechanics per Aircraft, that is for [*****] mechanics in total for the [*****] Firm Aircraft ordered hereunder. 

The proposed training course is a [*****] training course performed on simulator only. 

As a prerequisite to enrolment on the courses outlined in this Clause 3.3, trainees must have a sound practical background in aircraft
maintenance. 
 Seller shall be entitled to regroup in the same course, trainees from different Buyers. 

For courses requesting a PART 147 approval, the trainees shall be in compliance with PART 147 prerequisites, which shall be provided, upon
Buyer’s request, by ATC. 
  

	3.4	Ground Staff Training 

 Seller shall provide Buyer the following ground staff courses 

 

	 	3.4.1	System General Familiarization training (duration: [*****]) for up to [*****] of Buyer’s management members in total; 

  

	 	3.4.2	Performance & Flight Planning training (duration: [*****] for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered
hereunder; 

  

	 	3.4.3	Weight & Balance training (duration: [*****]) for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered hereunder;

  

	 	3.4.4	FOS training (duration: [*****]) for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered hereunder. 

Ground staff training may be performed at Buyer’s main base by an ATR instructor. In such a case, Buyer shall supply suitable
classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne [*****]. 

 

	4	SOFTWARE TOOLS & WEB TRAINING 

  

	4.1	ATR Course Software (“ACOS”) or successor software 

 Seller shall deliver to Buyer on
a [*****] basis for use in Buyer’s own training program [*****] training center licence (allowing simultaneous connection of up to [*****]) of the ATR Course Software (ACOS) incorporating all modules (Pilot, Flight Attendant and Maintenance) in
the ATR 72-600 version. 
 Seller shall also provide Buyer with the first annual revision service of such software. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 The ACOS software is a state-of-the-art program for Pilots, Mechanics
and Flight Attendants. It benefits from the use of the latest PC technologies in terms of interactivity, video integration, sounds and ergonomics. However, Seller reserves the right to replace the ACOS software by any state of the art CBT software
of similar or higher standard it may develop prior to the delivery of the Aircraft. 
  

	4.2	Web Training Software 

 Seller is currently developping a Web Based Trainer allowing [*****] as
selected by Buyer to use Computer Based Training through internet. The use of such Web Based Trainer could perfectly supplement the ACOS (or its successor) software to be furnished hereunder for installation on Buyer’s training academy server.

 The usage of the above Web Based Trainer shall be granted to Buyer [*****]. 

 

	4.3	Flight Operation Software (“FOS”) 

 Seller shall provide Buyer [*****] FOS modules 1
(Take-off & Landing Charts), 2 (In Flight Performance) and 4 (En Route Net Flight Path) for the ATR 72-600 version. 
 The above
FOS license may be installed on [*****] for the exclusive use of Buyer’s personnel. 
  

	5	TRAINING PACKAGE ADJUSTMENT 

  

	5.1	The training package set forth in Clause 3 of this Appendix J may be adjusted within the limit of the total amount to reflect actual requirements of Buyer. 

 

	5.2	Should Buyer elect to remove any service from the training package set forth in Clause 3 of this Appendix J, then Seller shall [*****] to the rates set forth in Exhibit A to this Appendix J, and provided that a minimum
training package is supplied by Seller to Buyer, as detailed in Exhibit A to this Appendix J. 

 The [*****] shall be
available to Buyer for [*****]. 
  

	5.3	Should Buyer elect for the [*****], it shall be available to Buyer upon each Aircraft delivery and [*****] for each such individual Aircraft. 

 

	6	INDEMNITY AND INSURANCE 

 BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER AND SELLER’S
EMPLOYEES AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGEMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST SELLER AND ITS EMPLOYEES BY REASON OF INJURY TO OR DEATH OF
BUYER’S PERSONNEL ARISING OUT OF OR IN CONNECTION WITH THE 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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PRESENT CLAUSE, EXCEPT TO THE EXTENT OF SELLER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER AND BUYER’S EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGMENTS,
COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST BUYER AND ITS EMPLOYEES BY REASON OF INJURY TO OR DEATH OF SELLER’S EMPLOYEES ARISING OUT OF OR IN CONNECTION WITH THE PRESENT
CLAUSE EXCEPT TO THE EXTENT OF BUYER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT
AGAINST EITHER PARTY FOR DAMAGES, FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT, SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENCE THEREOF, OR TO
EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 
 BUYER SHALL BE SOLELY LIABLE FOR AND HEREBY INDEMNIFIES AND HOLDS HARMLESS
SELLER, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR LOSS OF OR DAMAGE TO PROPERTY HOWSOEVER ARISING OUT OF OR IN CONNECTION WITH ANY SUCH TESTS, CHECK OUT AND CONTROLS UNDER THIS
CLAUSE ARISING AFTER DELIVERY OF THE AIRCRAFT, EXCEPT WHERE IT ARISES FROM THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS OFFICERS, AGENTS AND SUBCONTRACTORS. IN PERFORMING SUCH TESTS, CHECK OUTS AND CONTROLS. 

FOR THE FLIGHT TRAINING PERIOD AS DESCRIBED IN SUB-CLAUSES 3 OF THIS APPENDIX J, BUYER SHALL (1) INDEMNIFY AND WAIVE ANY RIGHTS OF
RECOURSES AGAINST SELLER AND ITS SUBCONTRACTORS IN RESPECT OF HULL ALL RISKS INSURANCE POLICY AND (2) NAME SELLER AND ITS SUBCONTRACTORS AS ADDITIONAL INSURED IN RESPECT OF THIRD PARTIES AND/OR PASSENGERS AND/OR FREIGHT LIABILITY RISKS. 

BUYER SHALL DELIVER TO SELLER A CERTIFICATE OF INSURANCE EVIDENCING THE COVERAGE REQUIRED BY THIS CLAUSE. 

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 EXHIBIT A TO 

APPENDIX J—CLAUSE 5 
 START-UP
TEAM CONVERSION RATES 
  

													
	 Training Package
	  	Contract Section	 	  	Minimum
Quantity
to be
Supplied	 	  	Training
Conversion
Credit /
Unit	 
	 Flight Crew Training
	  				  				  			
	 ATR 72-600 Transition Training [*****]
	  	 	Appendix J-3.1.1	 	  	 	[*****]	 	  	 	[*****]	 
	 ATR 72-600 Type Rating Instructor Course
	  	 	Appendix J-3.1.2	 	  	 	[*****]	 	  	 	[*****]	 
	 ATR 72-600 Aircraft Renting (TRI Course)
	  	 	Appendix J-3.1.2	 	  	 	[*****]	 	  	 	[*****]	 
	 Cabin Crew Training
	  				  				  			
	 Cabin Attendant Instructor Training
	  	 	Appendix J-3.2.1	 	  	 	[*****]	 	  	 	[*****]	 
	 Mechanics Training
	  				  				  			
	 T1 Avionics / Electrics Training
	  	 	Appendix J-3.3.1	 	  	 	[*****]	 	  	 	[*****]	 
	 T1 Difference Training
	  	 	Appendix J-3.3.2	 	  	 	[*****]	 	  	 	[*****]	 
	 Base Maintenance Certifying Training
	  	 	Appendix J-3.3.3	 	  	 	[*****]	 	  	 	[*****]	 
	 Engine Run-up Training
	  	 	Appendix J-3.3.4	 	  	 	[*****]	 	  	 	[*****]	 
	 Ground Staff Training
	  				  				  			
	 General Familiarization Course
	  	 	Appendix J-3.4.1	 	  	 	[*****]	 	  	 	[*****]	 
	 Performance & Flight Planning Training
	  	 	Appendix J-3.4.2	 	  	 	[*****]	 	  	 	[*****]	 
	 Weight & Balance Training
	  	 	Appendix J-3.4.3	 	  	 	[*****]	 	  	 	[*****]	 
	 FOS Training
	  	 	Appendix J-3.4.4	 	  	 	[*****]	 	  	 	[*****]	 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 APPENDIX K 

PAYMENT INSTRUCTIONS 
  

 
 All payments due to Seller under this Contract shall
be made to: 
  

					
	 Bank
	 	 :
	  	[*****]
		 		  	
	 Beneficiary
	 	 :
	  	Avions de Transport Régional (ATR).
		 		  	
	 Bank Code
	 	 :
	  	[*****]
	 Branch Code
	 	 :
	  	[*****]
		 		  	
	 Account No
	 	 :
	  	[*****]
	 Swift Code
	 	 :
	  	[*****]
		 		  	
	 IBAN
	 	 :
	  	[*****]
		 		  	
	 Reference
	 	 :
	  	Sale of ATR 72-600 aircraft

 Or such other account as Seller may notify in writing from time to time to Buyer at least [*****] prior to the date such
payment is due 
  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 
  
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– Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 APPENDIX L 

PERFORMANCE GUARANTEE 
  

 
  

	[*****]	[*****] 

  

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 [*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

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 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

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	 	[*****]	[*****] 

  

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	[*****]	[*****] 

  

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	[*****]	[*****] 

  

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 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	[*****]	

  

	 	[*****]	

  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 APPENDIX M 

DISPATCH RELIABILITY GUARANTEE 
  

 
  

	[*****]	[*****] 

  

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	[*****]	[*****] 

  

	 	[*****]	

  

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	 	[*****]	[*****][*****] 

 [*****][*****] 

[*****][*****] 

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	[*****]	

  

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

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	[*****]	[*****] 

  

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[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 APPENDIX N 

OPTION AIRCRAFT 
  

 
  

	1	SCOPE 

 In consideration of Buyer purchasing from Seller the twenty (20) Firm Aircraft
Buyer shall have the right to acquire up-to ten (10) optional new ATR 72-600 aircraft (the “Option Aircraft”) in addition to the twenty (20) Firm ATR 72-600 Aircraft [*****]. 

 

	2	EXERCISE OF OPTION 

  

	2.1	Buyer shall notify Seller in writing, no later than [*****] prior to the scheduled delivery date as set forth in Clause 4 hereof (the “Option Notification Date”) of its intent to exercise the option to
purchase any Option Aircraft. 

  

	2.2	Upon exercise of such option to purchase each Option Aircraft, Buyer shall pay the First Pre- Delivery Payment for such Option Aircraft as mentioned in clause 6.2.1 of this Contract, upon which payment such exercised
Option Aircraft shall become an Aircraft for the purpose of this Contract and, unless specified otherwise, the terms and conditions of this Contract in respect of the Aircraft firmly ordered shall apply mutatis mutandis to such exercised
Option Aircraft. 

  

	3	OPTION AIRCRAFT SPECIFICATION 

 The Option Aircraft shall be manufactured under the
Specification. 
  

	4	OPTION AIRCRAFT DELIVERY 

 The Option Aircraft can be made available for delivery to Buyer
according to the following delivery schedule: 
  

					
	Option Aircraft	 	Aircraft Number	 	 Option Aircraft Scheduled
 Delivery
Date

	Option Aircraft N° 1	 	Aircraft N° 21	 	  
 [*****]

	Option Aircraft N° 2	 	Aircraft N° 22	 	[*****]
	Option Aircraft N° 3	 	Aircraft N° 23	 	[*****]
	Option Aircraft N° 4	 	Aircraft N° 24	 	[*****]
	Option Aircraft N° 5	 	Aircraft N° 25	 	[*****]
	Option Aircraft N° 6	 	Aircraft N° 26	 	[*****]
	Option Aircraft N° 7	 	Aircraft N° 27	 	[*****]
	Option Aircraft N° 8	 	Aircraft N° 28	 	[*****]
	Option Aircraft N° 9	 	Aircraft N° 29	 	[*****]
	Option Aircraft N° 10	 	Aircraft N° 30	 	[*****]

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 The provisions of Clause 9.2 to 9.5 of this Contract shall apply mutatis
mutandis to any exercised Option Aircraft. 
  

	5	OPTION AIRCRAFT PRICE 

 The Option Aircraft shall be [*****]. 

 

	        [*****]	

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 APPENDIX O 

ADDITIONAL AIRCRAFT 
  

 
  

	1	SCOPE 

 Seller hereby grants to Buyer the option to acquire up to a total of ten
(10) additional aircraft (the “Additional Aircraft”) in addition to the twenty (20) Firm Aircraft and to the ten (10) Option Aircraft. 
  

	2	EXERCISE OF PURCHASE RIGHTS 

  

	2.1	Buyer may at any time on or prior to [*****] exercise its purchase right for any Additional Aircraft, subject to: 

  

	 	(i)	Buyer having no remaining right to exercise any Option Aircraft in accordance with Appendix N (Option Aircraft) hereof; 

  

	 	(ii)	Written notification (the “Purchase Right Exercise Notice”) by Buyer of such purchase right exercise including the Additional Aircraft scheduled delivery date sought by Buyer for such Additional Aircraft;

  

	 	(iii)	Availability of aircraft at the scheduled delivery date requested by Buyer, being understood that should such Additional Aircraft delivery position requested by Buyer not being available, Seller shall propose to Buyer
the next available ATR 72-600 delivery position. 

  

	2.2	Upon exercise of such purchase right for any Additional Aircraft, Buyer shall pay the First Pre- Delivery Payment for such Additional Aircraft as mentioned in clause 6.2.1 of this Contract (and other pre-delivery
payments as they may fall due pursuant to Clause 6.2 of this Contract), upon which payment such exercised Additional Aircraft shall become an Aircraft for the purpose of this Contract and, unless specified otherwise, the terms and conditions of this
Contract in respect of the Aircraft firmly ordered shall apply mutatis mutandis to such exercised Additional Aircraft 

  

	3	ADDITIONAL AIRCRAFT SPECIFICATION 

 The Additional Aircraft shall be manufactured under the
Specification. 
  

	4	ADDITIONAL AIRCRAFT DELIVERY 

  

	4.1	Within [*****] from receipt from Buyer of the Purchase Right Exercise Notice for any Additional Aircraft, Seller shall notify to Buyer the effective delivery date for that Additional Aircraft (the “Additional
Aircraft Scheduled Delivery Date”) in accordance with Clause 2 of this Appendix O. 

  

	4.2	The Additional Aircraft Scheduled Delivery Date so notified will be reserved for Buyer upon payment of the First Pre-Delivery Payment for that exercised Additional Aircraft. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	4.3	The provisions of Clause 9.2 to 9.5 of this Contract shall apply mutatis mutandis to any exercised Additional Aircraft. 

  

	5	ADDITIONAL AIRCRAFT PRICE 

 The Additional Aircraft shall be offered [*****]. 

In particular, [*****]. 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 APPENDIX P 

USED AIRCRAFT OPERATING LEASE TERMS 
  

 
  

	 1. LESSOR: 
	AVIONS DE TRANSPORT REGIONAL, “Groupement d’Intérêt Economique” governed by the Laws of France, the head office of which is located at 1, Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE, or any other company
designated by Seller as owner of the Used Aircraft, 

  

	 	(hereinafter the “Lessor”). 

  

	 2. LESSEE: 
	AZUL LINHAS AEREAS BRASILEIRAS S/A a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial, Barueri, SAO PAULO, BRAZIL, 

 

	 	(hereinafter the “Lessee”). 

  

	 3. AIRCRAFT: 
	[*****] used ATR 72-200 bearing Manufacturer Serial Number MSN [*****] (or substitutes therefor) powered by two Pratt and Whitney PW124B engines, or any other used ATR aircraft that Seller may propose pursuant to the provisions of
Section 16 of this Appendix P. 

  

	 	(individually or collectively the “Used Aircraft”) 

  

	 	The Used Aircraft shall be delivered in “as is, where is” and “fly away” conditions. However, the Used Aircraft shall be in the conditions outlined hereafter: 

 

	 	(i)	 	Airworthy; 

  

	 	(ii)	 	With all of the Aircraft equipment, components, systems, parts and each engine and propeller functioning and installed in accordance with manufacturers recommendations; 

 

	 	(iii)	 	With an Export Certificate of Airworthiness issued by the French DGAC (or equivalent document); 

  

	 	(iv)	 	In a condition qualifying for the issuance of a certificate of airworthiness by ANAC, subject always to such exemptions as might be granted by ANAC to issue such certificate of airworthiness (in particular with respect
to FAR 121.344 requirements) 

  

	 	(v)	 	In a clean condition by international standards allowing immediate commercial passengers operations; 

  

	 	The Operating Lease Agreements will contain detailed delivery conditions relating to panels, ceilings, floors, bins, etc ... based on standard industry practices. 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	(vi)	 	With [*****] passenger seats equipped with [*****] grey leather covers, and [*****] carpets. 

  

	 	Seats types may be different from one Used Aircraft to the other. However, seats covers and carpets shall be made in identical material for all Used Aircraft. 

 

	 	(vii)	 	With exterior livery painted in Buyer’s livery to be communicated by Buyer to Seller not later than [*****] prior to the first Used Aircraft Delivery; 

 

	 	(viii)	 	With interior and exterior placards in English, except for those needing to be bilingual according to Brazilian regulations which shall be in Brazilian Portuguese / English; 

 

	 	(ix)	 	Weighed following painting in Buyer’s livery; 

  

	 	(x)	 	Equipped, where not already specified with ACAS Ch. 7, B- RNAV compliant GPS system coupled with EFIS, Single HF system and 2nd ADF; 

 

	 	(xi)	 	Embodied with all EASA Airworthiness Directives and mandatory Service Bulletins affecting the Aircraft and / or the engines issued prior to the delivery of each Used Aircraft and having a compliance date [*****] months
after the delivery date of each such Used Aircraft (whichever is less); 

  

	 	(xii)	 	With no deferred maintenance or waivers; 

  

	 	(xiii)	 	With no temporary or time-limited structural repairs unless permanent repair is not available. 

  

	 	No special or unique inspection or check requirements which are specific to the Used Aircraft (as opposed to all aircraft of the same model) will exist with respect to the Aircraft so long as such unique inspection can
be avoided by the execution of a permanent repair that is available; 

  

	 	(xiv)	 	Fresh from a recent [*****] and from any other airframe check of lower interval than those two checks; 

  

	 	(xv)	 	Clear for airframe structural checks (C check, 2 Ye / 4Ye / 8 Ye / 36,000 Cy inspection) having a compliance date falling within the [*****] of feach Used Aircraft (whichever is less). 

 

	 	An average annual utilisation of [*****] and [*****] shall be considered for the purpose of this Section D.3(xiv); 

  

	 	(xvi)	 	With a minimum of [*****] (whichever is the limiting factor) on the propellers, landing gear and other time (or life) limited components 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	to the next scheduled overhaul (or replacement) unless mutually agreed otherwise. 

  

	 	Those time (or life) limited components for which the total limit is less than [*****] months shall have a minimum of [*****] remaining to the next overhaul (or replacement); 

 

	 	(xvii)	 	With engines having elapsed less than [*****] since last Hot Section Inspection and less than [*****] since last Overhaul; 

 

	 	Each engine life limited part located in the hot section (including HP blades) of any engine shall have a minimum of cycles remaining equal to [*****] less the number of flight hours elapsed since the last Hot Section
Inspection of that engine. 

  

	 	Each engines life limited part located in the cold section of any engine shall have a minimum of cycles remaining equal to [*****] less the number of flight hours elapsed since the last Overhaul of that engine.

  

	 	A comprehensive borescope inspection of each Used Aircraft engine will be performed by Seller upon each relevant delivery. 

  

	 	(xviii)	 	With brakes having an average over the Used Aircraft fleet of [*****] remaining; 

  

	 	(xix)	 	With tyres having an average over the Used Aircraft fleet of [*****] remaining; and 

  

	 	(xx)	 	Free and clear of any operational liens on Delivery. 

  

	 	After execution of the definitive Operating Lease Agreement(s), additional changes and in particular changes due to the further local Aviation Authority requirements may also be incorporated in the Used Aircraft
specification upon terms and conditions to be agreed concerning the effect on performance, delivery dates and price of the Used Aircraft. 

  

	 4. OPERATING LEASE AGREEMENTS: 
	The parties agree that the operating lease of the Used Aircraft remains subject to the negotiation and to the execution not later than [*****] prior to the Delivery Date of each Used Aircraft of a mutually satisfactory definitive
operating lease agreement (with respect to each Aircraft the “Operating Lease Agreement” and collectively the “Operating Lease Agreements”), the basic terms and conditions of which are outlined below and that the lease of the
Used Aircraft shall be effective only upon such execution. 

  

	 5. DELIVERY:  
	The Used Aircraft shall be delivered to the Lessee according to the following schedule (the “Delivery Date”): 

  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
 ATR / Canela – Sale &
Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	– [*****] in December 2010 : [*****] 

  

	 	– [*****] in January 2011 : [*****] 

  

	 	– The remaining [*****] between February and June 2011. 

  

	 	The exact Delivery Dates and the exact MSN will be notified to the Lessee as soon as practicable and at the latest at the stage of each Used Aircraft Operating Lease agreement negotiation. 

 

	 	Notwithstanding the above Delivery Date, and with the exception of the [*****] Used Aircraft, the Used Aircraft shall not be delivered earlier than [*****] after execution of the relevant Operating Lease Agreement.

  

	 	The Used Aircraft shall be delivered to the Lessee at Toulouse (France) airport or any such other European airport as the Lessor may notify in writing to the Lessee. 

 

	 6. LEASE TERM: 
	The lease period for the Used Aircraft shall be approximately [*****], depending on the Used Aircraft. 

  

	 	The Used Aircraft shall be returned to the Lessor according to the following schedule: 

  

					
		  	–Used Aircraft N°1:	  	 Upon delivery of Aircraft N°4 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

		  	–Used Aircraft N°2:	  	 Upon Delivery of Aircraft N°6 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

		  	–Used Aircraft N°3:	  	 Upon Delivery of Aircraft N°8 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

		  	–Used Aircraft N°4:	  	 Upon Delivery of Aircraft N°9 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

		  	–Used Aircraft N°5:	  	Upon Delivery of Aircraft N°10 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)
		  	–Used Aircraft N°6:	  	 Upon Delivery of Aircraft N°11 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

		  	 –Used Aircraft N°7:
	  	 Upon Delivery of Aircraft N°12 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this Contract)

 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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		  	 –Used Aircraft N°8 :
	  	 Upon Delivery of Aircraft N°13 (scheduled for [*****] according to the delivery Schedule set forth in Clause 9.1 of this
Contract)

  

	 	The Lessor reserves the right to select which specific MSN shall be returned [*****], subject to giving the Lessee a notice thereof at the latest on [*****]. 

 

	 7. LEASE RENTALS: 
	Rentals throughout the Lease Term of each Used Aircraft (the “Rents”) shall be [*****], prorated for a shorter period. 

  

	 	All Rents payable hereunder shall be paid in [*****] and shall be net of withholding or any other tax or deduction. 

  

	 	This is a net lease and the rights of the Lessor in and to the Rents shall be absolute and unconditional and shall not be subject to any reduction, set-off, defence, counterclaim
or recoupment for any reason whatsoever. 

  

	 8. SECURITIES: 
	8.1 Used Aircraft [*****] 

  

	 	Buyer has already provided Seller in the form of [*****] in the amount of [*****] per Used Aircraft for each of the [*****] Used Aircraft. 

 

	 	The Used Aircraft [*****] for any Used Aircraft shall be [*****] upon payment by the Lessee of the [*****] for that Used Aircraft pursuant to the relevant Operating Lease Agreement. 

 

	 	The Used Aircraft [*****] will be the property of the Lessor and [*****] except as specifically provisioned under this Agreement. 

  

	 	8.2 First Deposit 

  

	 	Upon execution of the Operating Lease Agreement for any Used Aircraft, the Lessee shall provide the Lessor [*****] for that Used Aircraft. 

 

	 	In case of Seller or any Seller’s subsidiary being the Lessor of any Aircraft (as opposed to a third party lessor that is unrelated to Seller), the [*****]. 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	 	8.3 Second Deposit 

  

	 	On or prior to the delivery of any Used Aircraft, the Lessee shall provide the Lessor [*****] in an amount equal to [*****]. 

  

	 	8.4 Security 

  

	 	The aggregate of [*****] for each Used Aircraft shall constitute [*****] upon such Used Aircraft delivery and shall be [*****] under the relevant Operating Lease Agreement. 

 

	 	If the Lessee fails to comply with any provision of the relevant Operating Lease Agreement or any event of default occurs and is continuing, the Lessor may immediately or at any time thereafter without prior written
notice to the Lessee [*****]. 

  

	 	8.5 [*****] 

  

	 	At Buyer’s request, [*****]. 

  

	 	[*****] 

  

	 9. OPERATING COSTS: 
	The lease of the Used Aircraft is on the basis of a net lease and the Lessee shall be responsible for all costs (save as agreed otherwise herein) associated with the delivery and redelivery, possession, insurance, operation, maintenance and use
of the Used Aircraft including taxes, withholdings and duties of any kind. 

  

	 	The Lessor shall however be responsible for its own income taxes in any relevant jurisdiction. 

  

	 10. MAINTENANCE  
	10.1 General Principles 

  

	 	The Used Aircraft shall be maintained to the Lessee’s certification authority and country of register’s certification authority approved maintenance program by a maintenance contractor reasonably approved by
the Lessor and at the expense of the Lessee. 

  

	 	In the event of the Lessee performing scheduled maintenance during the Lease Term on any Used Aircraft propeller, landing gear or 

 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	engine, the Lessor shall bear the cost of leasing a replacement propeller, landing gear or engine (as applicable, with the exception however of those engines that have been delivered to the Lessee fresh from HSI or
overhaul). The Lessee shall however continue to pay to the Lessor Supplemental Rents for the hours accumulated on such propeller, landing gear or engine (as applicable). 

 

	 	Notwithstanding the above, the Lessor shall bear the cost of any Used Aircraft unscheduled airframe maintenance, if the reason of such maintenance is a defect existing on such Used Aircraft on or prior its delivery to
the Lessee. 

  

	 	10.2 Mandatory Modifications 

  

	 	The Used Aircraft shall be in compliance with all Airworthiness Directives and all Service Bulletins mandatory issued during the Lease Term affecting the Used Aircraft and having a compliance date within the lease term.

  

	 	Should the Lessee be obliged to implement a mandatory modification on the Used Aircraft so as to conform with the above paragraph, then the Lessor shall make a contribution to the cost of such mandatory modification by
payment to the Lessee of an amount equal to: 

 [*****] [*****] 

[*****] 
 [*****] [*****] 

[*****] 
 [*****] [*****] 

 

	 11
[*****]                                        
    :
	The Lessee shall pay[*****] to the Lessor each month [*****]. 

  

	 	As a separate obligation, the Lessor shall make [*****] to the Lessee, upon submission by the Lessee to the Lessor of invoices evidencing [*****]. 

 

	 	Payments of [*****] and of [*****] shall be governed by a [*****] (with respect to each Aircraft the [*****]. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	 	Each [*****] shall be substantially the same (except for the specifics of each Used Aircraft such as MSN and delivery date) as the [*****] already executed by and between the Lessor and the Lessee for the [*****].

  

	 12. INSURANCE: 
	The Lessee shall at all times during the Lease Term and at its own expense maintain comprehensive airline liability insurance, including passenger, baggage, cargo and Airline General Third Party Legal Liability, all risks hull and hull war,
confiscation, nationalization, expropriation, political risk and related perils. The Lessor shall be named as additional insured in respect of liability insurance and as sole loss payee with respect to the hull insurance. 

 

	 	With respect to all risks hull and war and allied perils insurance, the Lessor shall be the sole Loss Payee. Public Liability insurance shall have a minimum coverage of [*****]. 

 

	 13. REGISTRATION: 
	The Aircraft shall remain throughout the Lease Term under the Brazilian Register or under any other register that the Lessor in its sole discretion may approve, subject to the Lessee providing the appropriate securitization for de-registration
purpose. 

  

	 	In this respect, a set of documents including but not limited to a de-registration power of attorney and a legal opinion shall be asked to be provided by the Lessee at
Lessee’s cost within the lease documents in order to make the Lessor’s rights enforceable. 

  

	 14. RETURN CONDITIONS: 
	The Aircraft shall be returned in [*****] as may be notified in writing by the Lessor to the Lessee. 

  

	 	The Aircraft shall be returned to the Lessor with a valid Export Certificate of Airworthiness or equivalent document issued by the certification authority of the country of registration and in a state and condition
reflecting in essence the delivery conditions set forth in this Appendix P. 

  

	 	The Lessee shall however be [*****] affecting the airframe, the engines, the propellers, the landing gears and other [*****] components. 

 

	 15. COSTS AND EXPENSES: 
	The Lessor and the Lessee shall each be responsible for their own legal fees incurred in the negotiation of the Operating Lease Agreements. 

  

	 	The Lessee shall be responsible for all costs associated with perfecting the Lessor’s ownership interest and the Operating Lease Agreements in the state of registration, the state of habitual base of the Aircraft
(and other states as appropriate given the operation of the Aircraft). 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	 	The Lessee shall also be responsible for all costs incurred by the Lessor in connection with the enforcement of preservation of Lessor’s rights under the Operating Lease Agreements. 

 

	 15. GOVERNING LAW: 
	Each of the Operating Lease Agreements and all operative documents shall be construed, governed by and performance thereof shall be determined in accordance with the laws of New York. Any dispute under the Operating Lease Agreements shall be
submitted and finally resolved by the courts of the State of New York. 

  

	 16. USED AIRCRAFT [*****]: 
	Seller reserves the right to [*****] being understood that (i) [*****] and (ii) [*****]. 

  

	 	In such an event, the provisions of this Appendix P shall remain valid. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 APPENDIX Q 

[*****] 
  

 
 [*****] 

[*****] 
 [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] 
 [*****] 

[*****] 
 [*****] [*****] 

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

 [*****] [*****] 
 [*****] 

 [*****] [*****] 
 [*****]

  [*****] [*****] 

 [*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 

[*****] [*****] 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] [*****] 

[*****] [*****] 
 [*****] [*****] 

[*****] [*****] 
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[*****] 
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[*****] 
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[*****] 
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[*****] [*****] 
 [*****]
[*****] 
 [*****] [*****] 
  

 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 
  
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Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] [*****] 

[*****] 
  [*****] [*****] 

[*****] 
  [*****] [*****] 

 [*****] [*****] 
 [*****] 

[*****] 
  [*****] [*****] 

[*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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[*****] 
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[*****] [*****] 
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[*****] 
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[*****] 
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[*****] [*****] 
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[*****] 
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[*****] 
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[*****] [*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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 [*****] 

[*****] [*****] 
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[*****] 
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[*****] [*****] 
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[*****] 
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[*****] [*****] 
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[*****] [*****] 
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[*****] [*****] 
 [*****]
[*****] 
  
 [*****] Confidential material redacted and filed separately
with the Securities and Exchange Commission. 
  
 ATR / Canela – Sale
& Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

[*****] [*****] 
  

	[*****]	[*****] 

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[*****] [*****] 
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[*****] 
 [*****] [*****] 
  

	[*****]	

  

	[*****]	

  

	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
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Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 
  

	[*****]	

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

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	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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[*****] 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	[*****]	

  

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	[*****]	[*****] 

  

	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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 [*****] 

 

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

 [*****] 

[*****] 
  

	[*****]	[*****] 

  

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	[*****]	[*****] 

  

	[*****]	[*****] 

  

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	[*****]	[*****] 

  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

	 	[*****]	[*****] 

  

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	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

 

	 	[*****]	[*****] 

  

	 	[*****]	[*****] 

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	[*****]	[*****] 

  

	[*****]	[*****] 

  

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	 	[*****]	[*****] 

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	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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	[*****]	[*****] 

  

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	[*****]	[*****] 

  

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	 	[*****]	[*****] 

  

	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 [*****] 

 

	[*****]	[*****] 

 [*****] 
  

	[*****]	[*****] 

  

	[*****]	[*****] 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  

					
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 APPENDIX R 

FORM OF AIRCRAFT CERTIFICATE OF ACCEPTANCE 
  

 
 This Certificate of Acceptance is delivered on the
date set forth below by CANELA INVESTMENTS LLC (the “Buyer”) to AVIONS DE TRANSPORT REGIONAL (the “Seller”), pursuant to an aircraft sale and purchase contract dated as of 15th December 2010 between Seller and Buyer (the
“Contract”). Terms used in this Certificate of Acceptance shall have the meaning given to such terms in the Contract. 
 The Acceptance Flight
Tests relating to the ATR 72-600 Aircraft, Manufacturer’s Serial Number [MSN], Registration Marks [], have been carried out at Seller’s delivery center located at [*****], on the [day]th day of [month] [year]. 

In view of said tests having been carried out with satisfactory results, CANELA INVESTMENTS LLC whose main address is at Corporation Trust Center, 1209 Orange
Center, Wilmington, U.S.A, hereby irrevocably approves this Aircraft as being in conformity with the provisions of the aforesaid Contract. 
 Said
Acceptance does not impair the rights that CANELA INVESTMENTS LLC may derive from the warranties granted by AVIONS DE TRANSPORT REGIONAL. 
 Made in
Blagnac, on this [day]th day of [month] [year] 
 For and on behalf of 

CANELA INVESTMENTS LLC 
 Name: 

Title: 
 Signature: 

Date: 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
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APPENDIX S 

FORM OF AIRCRAFT BILL OF SALE 
  

 
 Know all men by these presents that the undersigned
AVIONS DE TRANSPORT REGIONAL (“ATR”), a French “Groupement d’Intérêt Economique” whose registered address is 1, Allée Pierre Nadot—31712 Blagnac Cedex, FRANCE, is the owner of the full
legal and beneficial title of the following Aircraft: 
  

	 MANUFACTURER OF AIRCRAFT 
	MANUFACTURER OF PROPULSION SYSTEM 

  

	 ATR 
	PRATT & WHITNEY CANADA INC. 

  

	 MODEL 
	MODEL 

  

	 ATR 72-600 
	PW 127 M—engines 

 568F-1—propellers 
  

	 MANUFACTURER SERIAL NUMBER 
	MANUFACTURER SERIAL NUMBERS 

  

	 [ ] 
	L/H engine: [ ] 

 R/H engine: [ ] 
  

	 	L/H propeller: [ ] 

 R/H propeller: [ ] 

REGISTRATION MARKS 
 [ ] 

That such title to said Aircraft is free and clear of all mortgages or other encumbrances. 

The Groupement d’Intérêt Economique AVIONS DE TRANSPORT RÉGIONAL whose registered office is situated at 1, Allée Pierre
Nadot—31712 BLAGNAC CÉDEX, FRANCE does this [day] day of [month] [year], sell, grant, transfer and deliver all of its above described right, title to the above described Aircraft together with all equipment installed therein unto CANELA
INVESTMENTS LLC whose main address is at Corporation Trust Center, 1209 Orange Center, WILMINGTON, U.S.A and to its successors and assigns forever, said Aircraft to be registered as the property of CANELA INVESTMENTS LLC 

In witness whereof, the present document has been executed by a duly authorized representative. 

Made in Blagnac, on this [day] day of [month] [year] 
 For and
on behalf of 
 AVIONS DE TRANSPORT REGIONAL 
 Name: 

Title: 
 Signature: 

 
 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20
Option ATR 72-600 

  

					
		  	169	  	

 DATED DECEMBER 22nd 2011 

AVIONS DE TRANSPORT REGIONAL G.I.E. 

as Seller 
 and 

CANELA INVESTMENTS LLC 
 as Buyer

 AMENDMENT AGREEMENT N°1 

In respect of a 
 SALE AND
PURCHASE CONTRACT 
 DATED DECEMBER 14th 2010 

Draft – Issue 1 – December 16th, 2011 

  

					
		  		  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Draft – Issue 1 – December 16th, 2011 
  
 THIS AMENDMENT AGREEMENT
N°l is made on the 22nd day of December 2011. 
 BETWEEN: 

 

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interét Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located at 1.
Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part; 

AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter referred to as
the “Buyer”). 

 WHEREAS 
  

	(1)	On December 14th 2010, Canela Investments LLC (the “Buyer”) and Avions de Transport Régional (the “Seller”) have entered into a sale
and purchase contract (as amended and supplemented from time to time, the “Contract”) relating to the purchase of twenty (20) firm ATR 72-600 aircraft and up to twenty (20) optional ATR 72-600 aircraft (the “Aircraft”).

  

	(2)	Buyer and Seller now wish to amend the terms of the Contract. 

 NOW THEREFORE, 

for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto agree as follows:

  

	1.	DEFINITIONS 

  

	1.1	All capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Contract. 

  

	2.	AMENDMENT TO CLAUSE 6 OF THE CONTRACT 

  

	2.1	In Clause 6.2.1.2 of the Contract, the words [*****] wherever they appear, shall be deleted and replaced by the words [*****]. 

  

	3.	AMENDMENT TO APPENDIX J OF THE CONTRACT 

  

	3.1	In Clause 4.2 of Appendix J (Training) of the Contract, the last paragraph shall be deleted in its entirety and replaced by the following paragraph: 

 
  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 
  

 
  

ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft 

Sale and Purchase Contract – Amendment Agreement N°1 

  

					
		  		  	Page 2

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Draft – Issue 1 – December 16th, 2011 
  
 “The
usage of the above Web Based Trainer shall be granted to Buyer [*****].” 
  

	3.2	In Clause 4.3 of Appendix J (Training) of the Contract, the first paragraph shall be deleted in its entirety and replaced by the following paragraph: 

“Seller shall provide Buyer [*****].” 
  

	3.3	The following new clause 4.4 shall be added after Clause 4.3 of Appendix J (Training) of the Contract: 

  

	 	“4.4	Single-point Performance Software (“SPS”) 

 Seller shall provide Buyer [*****]. 

The above SPS license may be installed [*****].” 
  

	4.	MISCELLANEOUS 

  

	4.1	This Amendment Agreement N°1 (the “Amendment Agreement N°l”) to the Contract (i) is an integral part thereof, (ii) is subject to all of the terms and conditions contained therein and
(iii) evidences our further agreement with respect to the matters set forth below. 

  

	4.2	Unless the context otherwise requires, capitalised terms used herein and not otherwise defined in this Amendment Agreement N°1 shall have the same meanings ascribed to them in the Contract. In the event of
contradiction between the terms of this Amendment Agreement N°1 and the terms of the Contract, the terms of this Amendment Agreement N°1 shall prevail. 

  

	4.3	Section headings and/or numberings are inserted for convenience only and shall not in any way affect the interpretation of this Amendment Agreement N°1 and/or of the Contract. 

 

	4.4	Seller hereby makes for the benefit of Buyer each of the representations made pursuant to Clause 25.3 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof

  

	4.5	Buyer hereby makes for the benefit of Seller each of the representations made pursuant to Cause 25.4 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof.

  

	4.6	The provisions of Clause 27 (Applicable Law & Arbitration) of the Contract shall apply mutatis mutandis to this Amendment Agreement N°1. 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 
  
  

 
 ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft 

Sale and Purchase Contract – Amendment Agreement N°1 

  

					
		  		  	Page 3

 Draft – Issue 1 –
December 16th, 2011 
  
 If
the terms of this Amendment Agreement N°1 meet your approval please so indicate by signing in the space provided below. 
  

							
	 For and on behalf of:
 CANELA
INVESTMENTS LLC
	  	 For and on behalf of:
 AVIONS DE
TRANSPORT REGIONAL

		  		  	
		 		  		  	
	Signature:	 	 /s/ Gerald B. Lee
	  	Signature:	  	 /s/ J. Desbarats

		 		  		  	
		 		  		  	
	Executed by:	 	Gerald B. Lee	  	Executed by:	  	J. Desbarats
	Title:	 	Attorney—In—Fact	  	Title:	  	SUP Commercial
		 		  		  	
	Date:	 	December 16, 2011	  	Date:	  	December 16, 2011
		 		  		  	

  
  

 
 ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft 

Sale and Purchase Contract – Amendment Agreement N°1 

  

					
		  		  	Page 4

 DATED DECEMBER 4th 2012 

AVIONS DE TRANSPORT REGIONAL G.I.E. 

as Seller 
 and 

CANELA INVESTMENTS LLC 
 as Buyer

 AMENDMENT AGREEMENT N°2 

In respect of a 
 SALE AND
PURCHASE CONTRACT 
 DATED DECEMBER 14th 2010 

 

  

					
		  		  	

 CONFIDENTIAL TREATMENT REQUESTED 

 
 Execution version 

 
 THIS AMENDMENT AGREEMENT N°2 is made on the 4th day of December 2012. 
 BETWEEN: 

 

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interét Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located at 1,
Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part; 

AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter referred to as
the “Buyer”). 

 WHEREAS 
  

	(1)	On December 14th 2010, Canela Investments LLC (the “Buyer”) and Avions de Transport Régional (the “Seller”) have entered into a sale
and purchase contract (as amended and supplemented from time to time, the “Contract”) relating to the purchase of twenty (20) firm ATR 72-600 aircraft and up to twenty (20) optional ATR 72-600 aircraft (the “Aircraft”).

  

	(2)	Buyer and Seller now wish to amend the terms of the Contract. 

 NOW THEREFORE, 

for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto agree as follows:

  

	1.	DEFINITIONS 

  

	1.1	All capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Contract. 

  

	2.	AMENDMENT TO APPENDIX O OF THE CONTRACT 

  

	2.1	In Clause 2.1 of Appendix O (Additional Aircraft) of the Contract, the words “[*****]” shall be deleted and replaced by the words “[*****]”. 

 

	3.	MISCELLANEOUS 

  

	3.1	This Amendment Agreement N°2 (the “Amendment Agreement N°2”) to the Contract (i) is an integral part thereof, (ii) is subject to all of the terms and conditions contained therein and
(iii) evidences our further agreement with respect to the matters set forth below. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

 

  

					
		  	1	  	

 Execution version 
  

 

	3.2	Unless the context otherwise requires, capitalised terms used herein and not otherwise defined in this Amendment Agreement N°2 shall have the same meanings ascribed to them in the Contract. In the event of
contradiction between the terms of this Amendment Agreement N°2 and the terms of the Contract, the terms of this Amendment Agreement N°2 shall prevail. 

  

	3.3	Section headings and/or numberings are inserted for convenience only and shall not in any way affect the interpretation of this Amendment Agreement N°2 and/or of the Contract. 

 

	3.4	Seller hereby makes for the benefit of Buyer each of the representations made pursuant to Clause 25.3 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof

  

	3.5	Buyer hereby makes for the benefit of Seller each of the representations made pursuant to Cause 25.4 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof.

  

	3.6	The provisions of Clause 27 (Applicable Law & Arbitration) of the Contract shall apply mutatis mutandis to this Amendment Agreement N°2. 

If the terms of this Amendment Agreement N°2 meet your approval please so indicate by signing in the space provided below. 

 

							
	 For and on behalf of:
 CANELA
INVESTMENTS LLC
	  	 For and on behalf of:
 AVIONS DE
TRANSPORT REGIONAL

		  		  	
		 		  		  	
	Signature:	 	 /s/ John Peter Rodgerson
	  	Signature:	  	 /s/ J. DESBARATS

		 		  		  	
		 		  		  	
	Executed by:	 	John Peter Rodgerson	  	Executed by:	  	J. DESBARATS
	Title:	 	 Canela Investments, LLC

Managing Director
	  	Title:	  	SVP COMMERCIAL
		 		  		  	
	Date:	 	December 4th, 2012	  	Date:	  	December 4th, 2012
		 		  		  	

  

					
		  	2

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