Document:

al_Ex_10_37

		
			 
		

		
			EXHIBIT 10.37
		

		
			Confidential Treatment
		

		
			Requested Pursuant to Rule 24b‐2
		

		
			AMENDMENT N°8
		

		
			TO THE
		

		
			A350 FAMILY PURCHASE AGREEMENT
		

		
			BETWEEN
		

		
			AIRBUS S.A.S.
		

		
			as Seller
		

		
			and
		

		
			AIR LEASE CORPORATION
		

		
			As Buyer
		

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

						Page 1/9

				

		

			 

		

 

		

		
			AMENDMENT N°8 TO THE
		

		
			A350 FAMILY PURCHASE AGREEMENT
		

		
			This amendment N°8 (the “Amendment N°8)  dated 27 December 2017 is made
		

		
			BETWEEN:
		

		
			AIRBUS S.A.S., a French société par actions simplifiée, with its registered office at 2, rond-point Emile Dewoitine, 31700 Blagnac, France, registered with the Commercial and Companies Register of Toulouse under number 383 474 814 (the “Seller”),
		

		
			and
		

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

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

		
			WHEREAS:
		

			
	
			
				 A.
			

			
	
			
			The Buyer and the Seller have signed a purchase agreement with reference CLC-CT1103521 on the 01 February 2013 for the manufacture and sale by the Seller and purchase by the Buyer of twenty-five  (25)  firm A350 Family aircraft hereinafter together with its Exhibits and Letter Agreements referred to as the “Purchase Agreement”.

			
	
			
				 B.
			

			
	
			
			On 03 March 2015,  the Buyer and the Seller entered into an Amendment N°1 to the Purchase Agreement to modify the terms and conditions with respect to certain A350XWB Family Aircraft.

			
	
			
				 C.
			

			
	
			
			On 03 March 2015, the Buyer and the Seller entered into an Amendment N°2 to the Purchase Agreement in order to, among other things, provide for the manufacture and sale by the Seller and purchase by the Buyer of one (1) incremental A350‐900 Aircraft.

			
	
			
				 D.
			

			
	
			
			On 08 September 2015, the Buyer and the Seller entered into an Amendment N°3 to the Purchase Agreement for (i) the manufacture and sale by the Seller and purchase by the Buyer of two (2) incremental A350‐900 Aircraft [*] .

			
	
			
				 E.
			

			
	
			
			On 14 April 2016, the Buyer and the Seller entered into an Amendment N°4 to the Purchase Agreement in order to (i) provide the terms by which the Seller shall manufacture and sell and the Buyer shall purchase one (1) incremental A350‐900 Aircraft, and (ii) [*].

			
	
			
				 F.
			

			
	
			
			On 25 May 2016,  the Buyer and the Seller entered into an Amendment N°5 to the Purchase Agreement [*].

			
	
			
				 G.
			

			
	
			
			On 18 July 2016, the Buyer and the Seller entered into an Amendment N°6 to the Purchase Agreement in order to, among other things, (i) address specifications issues for both A350‐900 Aircraft and A350‐1000 Aircraft, (ii) [*] and (iii) [*].

			
	
			
				 H.
			

			
	
			
			On 31 July 2017, the Buyer and the Seller entered into an Amendment N°7 to the Purchase Agreement in order to [*].

		

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

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

						Page 2/9

				

		

			 

		

 

		

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

			
	
			
				 I.
			

			
	
			
			[*].

			
	
			
				 J.
			

			
	
			
			[*], the Buyer and the Seller will enter into:

		
			-  an amendment N°4 to the A330neo Agreement dated as of even date herewith to provide for the purchase of two (2) incremental A330‐900neo aircraft (the “A330neo Amendment”); and
		

		
			- an amendment N°21 to the A320 NEO Agreement dated as of even date herewith to provide for the purchase of two (2) incremental A320 NEO aircraft and four (4) incremental A321 NEO aircraft (the “A320 NEO Amendment”).
		

			
	
			
				 K.
			

			
	
			
			The Buyer wishes to [*] pursuant to the terms and conditions set forth in this Amendment N°8.

			
	
			
				 L.
			

			
	
			
			In conjunction with paragraphs I, J and K above, the Buyer and the Seller now wish to enter into this Amendment N°8 in order to, among other things, (i) [*] and (ii) [*], subject to the terms set out herein.

		
			The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°8. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.
		

		
			NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		

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

		
			 
		

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

						Page 3/9

				

		

			 

		

 

		

			
	
			
				 1.
			

			
	
			
			[*]

			
	
			
				 2.
			

			
	
			
			[*]

		
			2.1[*]
		

		
			2.2[*]
		

		
			2.3The table in Clause 9.1 of the Agreement, as amended from time to time, is hereby deleted in its entirety and replaced by the table set forth in Appendix 1 hereto.
		

		
			2.4[*]
		

		
			2.5[*]
		

		
			2.6[*]
		

			
	
			
				 3.
			

			
	
			
			SUPPORT/ TRAINING MATTERS

		
			3.1[*], the Buyer and the Seller hereby agree that Appendix A to Clause 15 of the Purchase Agreement, as may have been amended from time to time, shall be deleted in its entirety and replaced as follows:
		

		
			QUOTE
		

		
			SELLER REPRESENTATIVE ALLOCATION
		

		
			The Seller Representative allocation provided to the Buyer pursuant to Clause 15.1 is defined hereunder.
		

		
			1The Seller will provide to the Buyer Seller Representative services at the Buyer’s main base or at other locations to be mutually agreed for the fleet of twenty-five (25) Aircraft will be [*] man-months in aggregate. This allocation will be further assigned by the Buyer on a pro-rata basis to each of the Buyer’s Operators. [*]
		

		
			2For the sake of clarification, such Seller Representatives’ services will include [*].
		

		
			3The number of the Seller Representatives assigned to the Buyer at any one time will be mutually agreed, [*] Seller Representatives.
		

		
			UNQUOTE
		

		
			3.2[*], the Buyer and the Seller hereby agree that Appendix A to Clause 16 of the Agreement, as may have been amended from time to time, shall be deleted in its entirety and replaced as follows:
		

		
			QUOTE
		

		

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

		
			 
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

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			TRAINING ALLOWANCE
		

		
			For the avoidance of doubt, all quantities indicated below are the total quantities granted for the whole of the Buyer’s fleet of twenty-five (25) Aircraft firmly ordered, unless otherwise specified. [*]
		

		
			The contractual training courses defined in this Appendix A will be provided up to [*].
		

		
			Notwithstanding the above, flight operations training courses granted per firmly ordered Aircraft in this Appendix A will be provided by the Seller within a period [*].
		

		
			Any deviation to said training delivery schedule will be mutually agreed between the Buyer and the Seller.
		

		
			1FLIGHT OPERATIONS TRAINING
		

		
			1.1Flight Crew Training (standard transition course)
		

		
			The Seller will provide flight crew training (standard transition course) [*] for [*] of the Buyer’s flight crews per firmly ordered Aircraft.
		

		
			1.2Extended Range For Twin Engine Aircraft Operations (ETOPS) Training
		

		
			The Seller will provide [*] ETOPS training for [*] flight crews per firmly ordered Aircraft.
		

		
			1.3Flight Crew Line Initial Operating Experience
		

		
			The Seller will provide to the Buyer pilot lnstructor(s) [*] for a period of [*] pilot Instructor months in total for the fleet of twenty five (25) Aircraft. This allocation will be further assigned by the Buyer on a prorata basis to each Operator.
		

		
			Unless otherwise agreed during the Training Conference, in order to follow the Aircraft Delivery schedule, the maximum number of pilot Instructors present at any one time will be limited to [*].
		

		
			1.4Type Specific Cabin Crew Training Course
		

		
			The Seller will provide to the Buyer [*] type specific training for cabin crews for [*] in total for the fleet of twenty-five (25) Aircraft. This allocation will be further assigned by the Buyer on a prorata basis to each of the Initial Operators.
		

		
			1.5Airbus Pilot Instructor Course (APIC)
		

		
			The Seller will provide to the Buyer transition Airbus Pilot Instructor Course(s) (APIC), for flight and synthetic instruction, [*] for [*] of the Buyer’s flight instructors in total for the fleet of twenty-five (25) Aircraft. This allocation will be further assigned by the Buyer on a prorata basis to each of the Initial Operators. APIC courses will be performed in groups of two (2) trainees.
		

		
			2PERFORMANCE / OPERATIONS COURSE(S)
		

		
			The Seller will provide to the Buyer [*] trainee days of performance / operations training [*] for the Buyer’s personnel in total for the fleet of twenty-five (25) Aircraft. This allocation will be further assigned by the Buyer on a prorata basis to each of the Initial Operators.
		

		
			3MAINTENANCE TRAINING
		

		

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

		
			 
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

						Page 5/9

				

		

			 

		

 

		

		
			3.1The Seller will provide to the Buyer [*] trainee days of maintenance training [*]for the Buyer’s personnel in total for the fleet of twenty-five (25) Aircraft. This allocation will be further assigned by the Buyer on a pro rata basis to each of the Initial Operators.
		

		
			3.2The Seller will provide to the Buyer [*] in total for the fleet of twenty-four (25) Aircraft. This allocation will be further assigned by the Buyer on a prorata basis to each of the Initial Operators.
		

		
			4TRAINEE DAYS ACCOUNTING
		

		
			Trainee days are counted as follows:
		

		
			4.1For instruction at the Seller’s Training Centers: one (1) day of instruction for one (1) trainee equals one (1) trainee day. The number of trainees originally registered at the beginning of the course will be counted as the number of trainees to have taken the course.
		

		
			4.2For instruction outside of the Seller’s Training Centers: one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees attending the course or a minimum of twelve (12) trainee days, except for structure maintenance training course(s).
		

		
			4.3For structure maintenance training courses outside the Seller’s Training Center(s), one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees attending the course or the minimum number of trainees as indicated in the Seller’s Customer Services Catalog.
		

		
			4.4For practical training, whether on training devices or on aircraft, one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees attending the course or a minimum of six (6) trainee days.
		

		
			UNQUOTE
		

		
			4.BUYER FURNISHED EQUIPMENT
		

		
			[*]
		

		
			5.EFFECTIVITY
		

		
			This Amendment N°8 will enter into full force and be binding upon the Parties upon the fulfilment of each of the following conditions (the “Conditions”):
		

		
			[*]
		

		
			If the Conditions are not fulfilled on or before 29 December 2017, this Amendment N°8 shall be terminated without further act and the Buyer and the Seller shall have no obligation or liability to the other, whether in contract or otherwise in respect of this Amendment N°8.
		

		
			6.INCONSISTENCY AND CONFIDENTIALITY
		

		
			6.1In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°8, the latter shall prevail to the extent of such inconsistency, whereas the part of the Agreement not concerned by such inconsistency shall remain in full force and effect.
		

		

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

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

						Page 6/9

				

		

			 

		

 

		

		
			 
		

		
			6.2This Amendment N°8 reflects the understandings, commitments, agreements, representations and negotiations related to the matters set forth herein whatsoever, oral and written, and may not be varied except by an instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties.
		

		
			6.3This Amendment N°8 shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for the implementation hereof.
		

		
			7.COUNTERPARTS
		

		
			This Amendment N°8 may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
		

		
			8.LAW AND JURISDICTION
		

		
			This Amendment N°8 will be governed by and construed and the performance thereof will be determined in accordance with the laws of the State of New York, without giving effect to its conflicts of laws provisions that would result in the application of the law of any other jurisdiction.
		

		
			The provisions of Clause 22.6 of the Purchase Agreement shall apply to this Amendment N°8 as if the same were set out in full herein, mutatis mutandis.
		

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

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			IN WITNESS WHEREOF this Amendment N°8 was entered into the day and year first above written.
		

			
					
						For and on behalf of

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ John L. Plueger

					
					
						/s/ Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						By: John L. Plueger

					
					
						By: Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						Its: CEO & President

					
					
						Its: Senior Vice President Contracts

				

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

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			APPENDIX 1
		

			
					
						CAC ID

					
					
						Aircraft Rank

					
					
						Scheduled Delivery Month

					
					
						Aircraft Type

				
	
					
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						2017

					
					
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						2024

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

		
			 
		

		
			 
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Refg. CLC-CT1710042

				
	

					

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			LETTER AGREEMENT NO  1 TO AMENDMENT NO  8

		

		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, California 90067, U.S.A.
		

		
			27 December 2017
		

		
			Subject: [*]
		

		
			AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N° 8 dated even date herewith (the “Amendment”) to the A350XWB Family Purchase Agreement dated 01 February 2013 (the "Agreement") which covers, among other things, (i) [*] and (ii) [*].
		

		
			Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.
		

		
			The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern.
		

		

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

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  1

					

					

						 

				
	

					

						Ref. CLC-CT1710042

				
	

					

						Page 1/3

				

		

			 

		

 

		

			LETTER AGREEMENT NO  1 TO AMENDMENT NO  8

		

		

			
	
			
				 1.
			

			
	
			
			[*]

			
	
			
				 2.
			

			
	
			
			Assignment

		
			Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause shall be void and of no force or effect.
		

		
			3.Confidentiality
		

		
			This Letter Agreement (and its existence) shall be treated by both parties as confidential and shall not be released (or revealed) in whole or in part to any third party without the prior consent of the other party. In particular, each party agrees not to make any press release concerning the whole or any part of the contents and/or subject matter hereof or of any future addendum hereto without the prior consent of the other party.
		

		
			4.Counterparts
		

		
			This Letter Agreement may be signed in separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission), will be an original, and the counterparts will together constitute one same instrument.
		

		
			 
		

		

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

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  1

					

					

						 

				
	

					

						Ref. CLC-CT1710042

				
	

					

						Page 2/3

				

		

			 

		

 

		

			LETTER AGREEMENT NO  1 TO AMENDMENT NO  8

		

		

		
			If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.
		

			
					
						 

					
					
						 

				
	
					
						Agreed and Accepted

					
					
						Agreed and Accepted

				
	
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						For and on behalf of

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ John L. Plueger

					
					
						/s/ Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						By:    John L. Plueger

					
					
						By:    Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						Its:    CEO & President

					
					
						Its:    Senior Vice President Contracts

				

		
			 
		

		
			 
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  1

					

					

						 

				
	

					

						Ref. CLC-CT1710042

				
	

					

						Page 3/3

				

		

			 

		

 

		

			LETTER AGREEMENT NO    2 TO AMENDMENT NO  8

		

		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, California 90067, U.S.A.
		

		
			27 December 2017
		

		
			Subject: [*]
		

		
			AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N° 8 dated even date herewith (the “Amendment”) to the A350XWB Family Purchase Agreement dated 01 February 2013 (the "Agreement") which covers, among other things, (i) [*] and (ii) [*] subject to the terms set out in the Amendment.
		

		
			Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.
		

		
			The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern.
		

		

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

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  2

					

					

						 

				
	

					

						Ref. CLC-CT1709653

				
	

					

						Page 1/3

				

		

			 

		

 

		

			LETTER AGREEMENT NO    2 TO AMENDMENT NO  8

		

		

			
	
			
				 1.
			

			
	
			
			[*]

			
	
			
				 2.
			

			
	
			
			Assignment

		
			Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause shall be void and of no force or effect.
		

		
			3.Confidentiality
		

		
			This Letter Agreement (and its existence) shall be treated by both parties as confidential and shall not be released (or revealed) in whole or in part to any third party without the prior consent of the other party, [*]. In particular, each party agrees not to make any press release concerning the whole or any part of the contents and/or subject matter hereof or of any future addendum hereto without the prior consent of the other party.
		

		
			4.Counterparts
		

		
			This Letter Agreement may be signed in separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission), will be an original, and the counterparts will together constitute one same instrument.
		

		
			 
		

		

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

		
			
		

		
			

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  2

					

					

						 

				
	

					

						Ref. CLC-CT1709653

				
	

					

						Page 2/3

				

		

			 

		

 

		

			LETTER AGREEMENT NO    2 TO AMENDMENT NO  8

		

		

		
			If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.
		

			
					
						Agreed and Accepted

					
					
						Agreed and Accepted

				
	
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						For and on behalf of

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						/s/ John L. Plueger

					
					
						/s/ Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						By:    John L. Plueger

					
					
						By:    Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						Its:    CEO & President

					
					
						Its:    Senior Vice President Contracts

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

			

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						 

				
	

					

						Amendment No 8 – Letter Agreement No  2

					

					

						 

				
	

					

						Ref. CLC-CT1709653

				
	

					

						Page 3/3al_Ex_10_75

		

			 

		

		

			 

		

		

			 

		

		
			EXHIBIT 10.75
		

		
			 
		

		
			Confidential Treatment
		

		
			Requested Pursuant to Rule 24b-2
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AMENDMENT N°21
		

		
			 
		

		
			 
		

		
			TO THE
		

		
			 
		

		
			 
		

		
			 
		

		
			A320 NEO FAMILY PURCHASE AGREEMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AIRBUS S.A.S.
		

		
			 
		

		
			as Seller
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			and
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			 
		

		
			As Buyer
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 1/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

		
			AMENDMENT N°21 TO THE
		

		
			A320 NEO FAMILY PURCHASE AGREEMENT
		

		
			 
		

		
			This amendment n°21 (the “Amendment N°21”) dated 27 December 2017 is made
		

		
			 
		

		
			BETWEEN:
		

		
			 
		

		
			AIRBUS S.A.S., a  société par actions simplifiée, created and existing under French law having its registered office at 2 Rond‐Point Emile Dewoitine, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the "Seller"),
		

		
			 
		

		
			and
		

		
			 
		

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

		
			 
		

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

		
			 
		

		
			 
		

		
			WHEREAS:
		

		
			 
		

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

		
			 
		

		
			 
		

		

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

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 2/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

		
			M.    The Buyer and the Seller have signed an amendment n°12 to the Purchase Agreement on 17 August 2016 in order to, among other things, (i) introduce the new A321-200NX standard specification,  [*] referred to as “Amendment N°12”.
		

		
			 
		

		
			N.    The Buyer and the Seller have signed an amendment N°13 to the Purchase Agreement on 20 December 2016 in order to [*] referred to as “Amendment N°13”.
		

		
			 
		

		
			O.    The Buyer and the Seller have signed an amendment N°14 to the Purchase Agreement on 3 March 2017 in order to, among other things, [*] referred to as “Amendment N°14”.
		

		
			 
		

		
			P.    The Buyer and the Seller have signed an amendment N°15 to the Purchase Agreement on 10 April 2017 in order to, among other things, [*] referred to as “Amendment N°15”.
		

		
			 
		

		
			Q.    The Buyer and the Seller have signed an amendment N°16 to the Purchase Agreement on 19 June 2017 in order to [*] referred to as “Amendment N°16”.
		

		
			 
		

		
			R.    The Buyer and the Seller have signed an amendment N°17 to the Purchase Agreement on 19 June 2017 in order to provide for the manufacture and sale of twelve (12) incremental A320 NEO Family aircraft, referred to as “Amendment N°17”. 
		

		
			 
		

		
			S.    The Buyer and the Seller have signed an amendment N°18 to the Purchase Agreement on 12 July 2017 in order to amend certain terms of Amendment N°16, referred to as “Amendment N°18”.
		

		
			 
		

		
			T.    The Buyer and the Seller have signed an amendment N°19 on to the Purchase Agreement 31 July 2017 in order [*] referred to as “Amendment N°19”.
		

		
			 
		

		
			U.    The Buyer and the Seller have signed an amendment N°20 to the Purchase Agreement on 29 September 2017 in order to [*] referred to as “Amendment N°20”.
		

		
			 
		

		
			V.    [*].
		

		
			 
		

		
			W.    [*], the Buyer and the Seller have entered into:
		

		
			 
		

		
			- an amendment N°8 to the A350 Agreement dated as of even date herewith to provide for [*] (the “A350 Amendment”); and
		

		
			 
		

		
			- an amendment N°4 to the A330neo Agreement dated as of even date herewith to provide for the purchase of two (2) incremental A330-900neo aircraft (the “A330neo Amendment”).
		

		
			 
		

		
			X.    The Parties now wish to, among other things, enter into this Amendment N°21 in order to provide for the manufacture and sale of six (6) incremental A320 NEO Family aircraft, subject to the terms and conditions set out below.
		

		
			 
		

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

		
			 
		

		
			The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°21. Capitalized terms used herein and not otherwise defined herein will have the meanings assigned thereto in the Agreement.
		

		
			 
		

		

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

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 3/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 4/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

		
			1.         SCOPE
		

		
			 
		

		
			1.1       [*]  the Seller hereby agrees to sell, and the Buyer agrees to purchase from the Seller, six (6) incremental NEO aircraft (the “Amendment 21 NEO Aircraft”) [*].
		

		
			 
		

		
			1.2       [*]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			2.         DELIVERY SCHEDULE
		

		
			 
		

		
			2.1       The Scheduled Delivery Month and Aircraft type of the Amendment 21 NEO Aircraft will be as follows:
		

		
			 
		

			
					
						Aircraft Rank

					
					
						Scheduled Delivery Month

					
					
						Aircraft Type

				
	
					
						Aircraft N°153

					
					
						[*]

					
					
						A320-200 NEO

				
	
					
						Aircraft N°154

					
					
						[*]

					
					
						A321-200 NEO

				
	
					
						Aircraft N°155

					
					
						[*]

					
					
						A321-200 NEO

				
	
					
						Aircraft N°156

					
					
						[*]

					
					
						A321-200 NEO

				
	
					
						Aircraft N°157

					
					
						[*]

					
					
						A320-200 NEO

				
	
					
						Aircraft N°158

					
					
						[*]

					
					
						A321-200 NEO

				

		
			 
		

		
			2.2       The table in Clause 9.1 of the Agreement, as amended from time to time, will be deleted in its entirety and replaced by the one set forth in Appendix 1 hereto.
		

		
			 
		

		
			 
		

		
			3.         PREDELIVERY PAYMENTS
		

		
			 
		

		
			3.1       Predelivery Payments in respect of the Amendment 21 NEO Aircraft will be made in accordance with the Paragraph 3 of Letter Agreement N°3 to Amendment N°5.
		

		
			 
		

		
			3.2       Predelivery Payments which would ordinarily fall due before the date of this Amendment N° 21 will be payable [*].
		

		
			 
		

		
			 
		

		
			4.         [*]
		

		
			 
		

		
			 
		

		
			5.         [*]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

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

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 5/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			6.         SUPPORT/ TRAINING MATTERS
		

		
			 
		

		
			6.1       The Buyer and the Seller hereby agree that Appendix A to Clause 15 of the Agreement, as may have been amended from time to time, shall be deleted in its entirety and replaced as follows:
		

		
			 
		

		
			QUOTE
		

		
			 
		

		
			SELLER REPRESENTATIVE ALLOCATION
		

		
			 
		

		
			 
		

		
			The Seller Representative allocation provided to the Buyer pursuant to Clause 15.1 is defined hereunder.
		

		
			 
		

		
			1          The Seller will provide to the Buyer Seller Representative services at the Buyer's main base or at other locations to be mutually agreed for the fleet of one hundred and fifty eight (158) Aircraft shall be [*] in aggregate. This allocation shall be further assigned by the Buyer on a prorata basis to each of the Buyer’s Operators. [*]. In the event that the Agreement is terminated in respect of any Aircraft, then the aggregate support allocations specified in this Appendix A and which are not specified on a per Aircraft basis, shall be reduced on a pro-rata basis by the ratio of the number of terminated Aircraft to the total number of Aircraft pursuant to the Agreement (it being understood that such reduction shall be rounded to the nearest whole number, if applicable).
		

		
			 
		

		
			2          For the sake of clarification, such Seller Representatives’ services will include initial [*].
		

		
			 
		

		
			3          The number of the Seller Representatives assigned to the Buyer at any one time will be mutually agreed, [*].
		

		
			 
		

		
			UNQUOTE
		

		
			 
		

		
			6.2       The Buyer and the Seller hereby agree that Appendix A to Clause 16 of the Agreement shall be deleted in its entirety and replaced as follows:
		

		
			 
		

		
			QUOTE
		

		
			 
		

		
			APPENDIX "A" TO CLAUSE 16
		

		
			 
		

		
			TRAINING ALLOWANCE
		

		
			 
		

		
			 
		

		
			For the avoidance of doubt, all quantities indicated below are the total quantities granted for the whole of the Buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered, unless otherwise specified. In the event that the Agreement is terminated in respect of any Aircraft, then the aggregate support allocations specified in this Appendix A and which are not specified on a per Aircraft basis, shall be reduced on a pro-rata basis by the ratio of the number of terminated Aircraft to the total number of Aircraft pursuant to the Agreement (it being understood that such reduction shall be rounded to the nearest whole number, if applicable).
		

		
			 
		

		

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

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 6/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

The contractual training courses defined in this Appendix A will be provided up to [*].
		

		
			 
		

		
			Notwithstanding the above, flight operations training courses granted per firmly ordered Aircraft in this Appendix A will be provided by the Seller within a period [*] after said Aircraft Delivery.
		

		
			 
		

		
			Any deviation to said training delivery schedule will be mutually agreed between the Buyer and the Seller.
		

		
			 
		

		
			1          FLIGHT OPERATIONS TRAINING
		

		
			 
		

		
			1.1       Flight Crew Training (standard transition course)
		

		
			 
		

		
			The Seller will provide flight crew training (standard transition course) [*] of the Buyer's flight crews per firmly ordered Aircraft.
		

		
			 
		

		
			1.2       Flight Crew Line Initial Operating Experience
		

		
			 
		

		
			The Seller will provide to the Buyer pilot [*] in total for the Buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered and [*].
		

		
			 
		

		
			Unless otherwise agreed during the Training Conference, in order to follow the Aircraft Delivery schedule, the maximum number of [*] present at any one time will be limited to [*].
		

		
			 
		

		
			1.3       Type Specific Cabin Crew Training Course
		

		
			 
		

		
			The Seller will provide to the Buyer [*] in total for the Buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered.
		

		
			 
		

		
			2          PERFORMANCE / OPERATIONS COURSE(S)
		

		
			 
		

		
			The Seller will provide to the Buyer [*] in total for the Buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered.
		

		
			 
		

		
			3          MAINTENANCE TRAINING
		

		
			 
		

		
			3.1       The Seller will provide to the Buyer [*] in total for the buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered.
		

		
			 
		

		
			3.2       The Seller will provide to the Buyer [*] in total for the Buyer’s fleet of one hundred and fifty eight (158) Aircraft firmly ordered.
		

		
			 
		

		
			4          TRAINEE DAYS ACCOUNTING
		

		
			 
		

		
			Trainee days are counted as follows:
		

		
			 
		

		
			4.1       For instruction at the Seller's Training Centers: one (1) day of instruction for one (1) trainee equals one (1) trainee day. The number of trainees originally registered at the beginning of the course will be counted as the number of trainees to have taken the course.
		

		
			 
		

		
			4.2       For instruction outside of the Seller's Training Centers: one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees attending the course or a minimum of twelve (12) trainee days, except for structure maintenance training course(s).
		

		
			 
		

		
			4.3       For structure maintenance training courses outside the Seller’s Training Center(s), one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees 
		

		
			 
		

		
			 
		

		
			 
		

		

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

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 7/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

attending the course or the minimum number of trainees as indicated in the Seller’s Customer Services Catalg.
		

		
			 
		

		
			4.4       For practical training, whether on training devices or on aircraft, one (1) day of instruction by one (1) Seller Instructor equals the actual number of trainees attending the course or a minimum of six (6) trainee days.
		

		
			 
		

		
			UNQUOTE
		

		
			 
		

		
			 
		

		
			7.         EFFECTIVITY
		

		
			 
		

		
			This Amendment N°21 will enter into full force and be binding upon the Parties upon the fulfilment of each of the following conditions (the “Conditions”):
		

		
			 
		

		
			[*]
		

		
			 
		

		
			If the Conditions are not fulfilled on or before 29 December 2017, this Amendment N°21 shall be terminated without further act and the Buyer and the Seller shall have no obligation or liability to the other, whether in contract or otherwise in respect of this Amendment N°21.
		

		
			 
		

		
			 
		

		
			8.         INCONSISTENCY AND CONFIDENTIALITY
		

		
			 
		

		
			8.1       In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°21, the latter shall prevail to the extent of such inconsistency, whereas the part of the Agreement not concerned by such inconsistency shall remain in full force and effect.
		

		
			 
		

		
			8.2       This Amendment N°21 reflects the understandings, commitments, agreements, representations and negotiations related to the matters set forth herein whatsoever, oral and written, and may not be varied except by an instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties.
		

		
			 
		

		
			8.3       This Amendment N°21 shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for the implementation hereof.
		

		
			 
		

		
			 
		

		
			9.         COUNTERPARTS
		

		
			 
		

		
			This Amendment N°21 may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
		

		
			 
		

		
			 
		

		
			10.        LAW AND JURISDICTION
		

		
			 
		

		
			This Amendment N°21 will be governed by and construed and the performance thereof will be determined in accordance with the laws of the State of New York, without giving effect to its conflicts of laws provisions that would result in the application of the law of any other jurisdiction.
		

		
			 
		

		
			The other provisions of Clause 22.6 of the Purchase Agreement shall apply to this Amendment N°21 as if the same were set out in full herein, mutatis mutandis.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

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

		
			 
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 8/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

IN WITNESS WHEREOF this Amendment N°21 was entered into the day and year first above written.
		

		
			 
		

		
			 
		

		
			 
		

			
					
						For and on behalf of

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ John L. Plueger

					
					
						/s/ Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						By: John L. Plueger

					
					
						By: Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						Its: CEO & President

					
					
						Its: Senior Vice President Contracts

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 9/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

APPENDIX 1
		

		
			DELIVERY SCHEDULE
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						CAC ID

					
					
						Aircraft Rank

					
					
						Scheduled Delivery Month

					
					
						Aircraft Type

					
					
						A321-200N / A321-200NX Standard Specification

					
					
						Engine Type

				
	
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						2016

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						[*]

					
					
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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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						[*]

				
	
					
						[*]

					
					
						[*]

					
					
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						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

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

		
			 
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 10/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

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

		

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 11/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

	
					
						

					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
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						A321-200N / A321-200NX Standard Specification

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

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 12/13

				

		

			 

		

 

		

			 

		

		

			 

		

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						CAC ID

					
					
						Aircraft Rank

					
					
						Scheduled Delivery Month

					
					
						Aircraft Type

					
					
						A321-200N / A321-200NX Standard Specification

					
					
						Engine Type

				
	
					
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						2023

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

		
			 
		

		
			 
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 13/13

				

		

			 

		

 

		

			LETTER AGREEMENT N° 1 TO AMENDMENT N° 21

		

		

			 

		

		

		
			 
		

		
			 
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, California 90067, U.S.A.
		

		
			27 December 2017
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Subject : [*]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N° 21 dated even date herewith (the “Amendment”) to the A320 NEO Family Purchase Agreement dated as of May 10, 2012 (the “Agreement”), which covers, among other things, the sale by the Seller and the purchase by the Buyer of Amendment 21 NEO Aircraft pursuant to the Agreement. The Buyer and the Seller have agreed to set forth in this Letter Agreement N° 1 to the Amendment (the “Letter Agreement”) certain additional terms and conditions regarding [*].
		

		
			 
		

		
			Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement and the Amendment.
		

		
			 
		

		
			The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern. 
		

		
			 
		

		
			 
		

		
			 
		

		

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

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA – Letter Agreement N° 1

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 1/3

				

		

			 

		

 

		

			LETTER AGREEMENT N° 1 TO AMENDMENT N° 21

		

		

			 

		

		

		
			1  [*]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			2.ASSIGNMENT
		

		
			 
		

		
			The provisions of Clause 21 of the Agreement shall apply to this Letter Agreement as if the same were set out in full herein, mutatis mutandis.
		

		
			 
		

		
			 
		

		
			3.LAW AND JURISDICTION
		

		
			 
		

		
			This Letter Agreement will be governed by and construed and the performance thereof will be determined in accordance with the laws of the State of New York, without giving effect to its conflicts of laws provisions that would result in the application of the law of any other jurisdiction.
		

		
			 
		

		
			The provisions of Clause 22.6 of the A320 NEO Agreement shall apply to this Letter Agreement.
		

		
			 
		

		
			 
		

		

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

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA – Letter Agreement N° 1

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 2/3

				

		

			 

		

 

		

			LETTER AGREEMENT N° 1 TO AMENDMENT N° 21

		

		

			 

		

		

		
			If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						For and on behalf of

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ John L. Plueger

					
					
						/s/ Christophe Mourey

				
	
					
						 

					
					
						 

				
	
					
						By: John L. Plueger

					
					
						By: Christophe Mourey 

				
	
					
						 

					
					
						 

				
	
					
						Its: CEO & President

					
					
						Its: Senior Vice President Contracts   

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

			

					

						 

					

					

						 

				
	

					

						Amendment No21 to the ALC A320 NEO Family PA – Letter Agreement N° 1

					

					

						 

				
	

					

						Ref. CLC-CT1710048

					

					

						Page 3/3

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