Document:

Amendment
N° 2

 

to
the

 

A320
Family Purchase Agreement

 

dated
December 30th, 2010

 

between

 

AIRBUS
S.A.S.

 

and

 

CHINA
EASTERN AIRLINES CORPORATION LTD

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
	CT10002329 August 2012	Page 1/17

 

    	 

    	 

    

 

Amendment
N°2 - A320 - CES

 

This amendment
N°2 (the “Amendment N° 2”) to the A320 family purchase agreement dated December 10th, 2010
is made on the 23rd day of November 2012,

 

BETWEEN

 

AIRBUS
S.A.S., a société par actions simplifiée, created and existing under French law having its registered
office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce
under number RCS Toulouse 383 474 814

 

(hereinafter
referred to as the “Seller”), on the one part,

 

AND

 

CHINA
EASTERN AIRLINES CORPORATION, LIMITED, a company organised under the laws of the People’s Republic of China having its principal
place of business at Hongqiao International Airport, No. 2550 Hongqiao Road, Shanghai 200335, People’s republic of China,

 

(hereinafter
referred to as the the “Buyer”) of the other part.

 

Each individually
being hereinafter referred to as a “Party” and collectively as the “Parties”.

 

CHINA
EASTERN AVIATION IMPORT AND EXPORT CORPORATION, a company organised under the laws of the People’s Republic of China having
its principal place of business at Hongqiao International Airport, No. 2550 Hongqiao Road, Shanghai 200335, People’s republic of
China (the “Consenting Party”), whose roles are more fully described in the payment agreement dated as of even date between
the Parties and the Consenting Party, is not a Party to the Amendment No.2, but is acknowledging and witnessing its execution by
countersigning the last page.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
	CT10002329 August 2012	Page 2/17

 

    	 

    	 

    

 

WHEREAS

 

		A.	On June 15th, 2009, the Parties have entered into an aircraft general terms agreement (reference
CSC 0800.890, referred to as the “AGTA”).

 

		B.	On December 30th, 2010, the Parites
                                                          have signed an A320 family purchase agreement (reference CT10002329,
                                                          referred to as the “Purchase Agreement”), together
                                                          with the AGTA constitute an integral part. The Purchase Agreement covers
                                                          the purchase by the Buyer and the sale by the Seller of fifty (50) A320
                                                          family aircraft (the “First Batch Aircraft”).

 

		C.	On June 28th, 2012, the Parites have entered into an amendment N°1 (the “Amendment
N°1”) to modify certain terms and conditions of the Purchase Agreement to reflect the Buyer’s Propulsion System
selection.

 

For
the purpose of this Amendment N°2, the AGTA, the Purchase Agreement, and the Amendment N°1 shall hereinafter collectively
be referred to as the “Agreement”.

 

		D.	Subject to the terms and conditions
                                                          of this Amendment and of the Agreement, the Buyer wishes to purchase
                                                          and the Seller wishes to sell sixty (60) A320 family aircraft (the “Second
                                                          Batch Aircraft”). The First Batch Aircraft and the Second
                                                          Batch Aircraft shall all be deemed Aircraft for the purpose of
                                                          the Agreement.

 

NOW IT
IS HEREBY AGREED AS FOLLOWS:

 

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		0.	DEFINITION

 

		0.1	Capitalised terms used herein and not otherwise expressly defined in this Amendment N°2 shall
have the meanings assigned thereto in the Agreement.

 

		0.2	In addition to the words and the terms elsewhere defined in this Amendment and / or the Agreement,
the initially capitalised words and terms used in this Amendment shall have the meaning set out below.

 

Ready
for Delivery means the time when the Technical Acceptance Process has been completed in accordance with Clause 8 of AGTA
and all technical conditions required for the issuance of the Export Airworthiness Certificate have been satisfied.

 

Standard
Specification means the A319 Standard Specification or the A320 Standard Specification or the A321 Standard Specification
as applicable.

 

US
Dollars or USD means United States Dollar(s)

 

With
respect to Second Batch Aircraft only:

 

A319
Standard Specification means the A319-100 standard specification document number J.000.01000 Issue 7, dated June 20, 2011
a copy of which has been annexed hereto in Appendix A-1, with the following design weights:

 

		MTOW:	64.0 tonnes

		MLW:	61.0 tonnes and

		MZFW:	57.0 tonnes

 

A320
Standard Specification means the A320-200 standard specification document number D.000.02000 Issue 8, dated June 20, 2011
a copy of which has been annexed hereto in Appendix A-1, with the following design weights:

 

		MTOW:	73.5 tonnes

		MLW:	64.5 tonnes and

MZFW:
61.0 tonnes

 

A321
Standard Specification means the A321-200 standard specification document number E.000.02000 Issue 5, dated June 20, 2011
a copy of which has been annexed hereto in Appendix A-1, with the following design weights:

 

		MTOW:	89 tonnes

		MLW:	75.5 tonnes and

MZFW:
71.5 tonnes

 

Base Delivery Condition
Year means 2012

 

Revision Service
Period is defined in Clause 6 hereof

 

PEP Revision Service
Period is defined in Clause 6 hereof

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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		1.	SCOPE

 

The
Seller shall sell and deliver and the Buyer shall buy and take delivery of sixty (60) Second Batch Aircraft, on the Delivery Date
at the Delivery Location upon the terms and conditions contained in this Amendment and the Agreement.

 

Unless
it has been modified pursuant to the terms of this Amendment, the type of each Second Batch Aircraft, A319 Aircraft or A320 Aircraft
or A321 Aircraft (the “Aircraft Type”) shall be as set out in Clause 4 of this Amendment.

 

		2.	AIRCRAFT SPECIFICATION

 

		2.1	The Second Batch Aircraft shall be manufactured in accordance with the Standard Specification annexed
hereto in Appendix A-1, as may already have been modified or varied prior to the date of this Amendment by the Specification Change
Notices listed in Appendix A-2 hereto.

 

		2.2	For Second Batch Aircraft only, Clause 2.2 of Purchase Agreement shall be deleted in their entirety
and replaced by the following quoted text:

 

QUOTE

 

		2.2	Propulsion Systems

 

		2.2.1	The Airframe shall be equipped
                                                                 with a set of either two (2) engines manufactured by CFM INTERNATIONAL
                                                                 (“CFM”) or two (2) engines manufactured by
                                                                 INTERNATIONAL AERO ENGINES (“IAE”) as follows:

 

	 	 	CFM	 	IAE
	 	 	 	 	 
	A319 Aircraft	 	CFM56-5B5/3 (22,000 lb) or

CFM56-5B6/3 (23,500 lb) or

CFM56-5B7/3 (27,000 lb)	 	IAE V2522-A5 (22,000 lb) or

IAE V2524-A5 (23,500 lb) or

IAE V2527M-A5 (26,500 lb)
	 	 	 	 	 
	A320 Aircraft	 	CFM56-5B4/3 (27,000 lb) or

CFM56-5B5/3 (22,000 lb) or

CFM56-5B6/3 (23,500 lb)	 	IAE V2527-A5 (26,500 lb) or

IAE V2527E-A5 (26,500 lb)
	 	 	 	 	 
	A321 Aircraft	 	CFM56-5B1/3 (30,000 lb) or

CFM56-5B2/3 (31,000 lb) or

CFM56-5B3/3 (33,000 lb)	 	IAE V2530-A5 (30,000 lb) or

IAE V2533-A5 (33,000 lb)

 

		2.2.2	Upon selection by the Buyer, any set of two (2) engines, shall be referred to respectively as the
“A319 Propulsion Systems”, “A320 Propulsion Systems”, and “A321 Propulsion Systems”.

 

		2.2.3	The A319 Propulsion Systems, the A320 Propulsion Systems and the A321 Propulsion Systems being
referred to herein collectively as the “Propulsion Systems”.

 

		2.2.4	The Buyer shall notify the Seller in writing of its selection of Propulsion Systems type for the
Second Batch Aircraft by no later than fifteen (15) months prior to the Scheduled Delivery Month of the first Second Batch Aircraft
based on the Aircraft delivery schedule set forth in Clause 4 of Amendment N° 2. Such selection shall be incorporated in the
applicable Specification by signature of a Specification Change Notice. If the Buyer does not select its Propulsion Systems type
as agreed herein, in addition to its other rights, the Seller will have the right to defer the Scheduled Delivery Months of any
or all of the Second Batch Aircraft.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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UNQUOTE

 

		2.3	Clause 2.1 of Purchase Agreement shall be supplemented with the following
quoted text:

 

QUOTE

 

		2.1.4	The Seller is considering turning
                                                                 certain items, which are currently BFE in the Specification,
                                                                 into SFE and the parties agree that such BFE items shall be excluded
                                                                 from the provisions of Clause 2.2.2.1.2 and 2.2.2.2 of the AGTA
                                                                 and, should they become SFE, shall furthermore be chargeable
                                                                 to Buyer.

 

UNQUOTE

 

		3	BASE
                                                                           PRICES

 

		3.1	AIRFRAME
                                                           BASE PRICE

 

		3.1.1	For Second Batch Aircraft only, Clause 3.1 of Purchase Agreement shall be deleted in its entirety
and replaced by the following quoted text:

 

QUOTE

 

		3.1	Airframe
Base Price

 

		3.1.1	The
Airframe Base Price of an Aircraft is the sum of:

 

		(i)	the base price of the Airframe as defined in the Standard Specification (excluding Buyer Furnished
Equipment), including nacelles and thrust reversers, which is:

 

***

 

		(ii)	the base price of the Sharklets, which is:

 

***

 

		(iii)	the budgetary sum of the base prices of SCNs, which is:

 

***

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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		3.1.2	The
Airframe Base Price has been established in accordance with the average economic conditions prevailing in *** (the “Base
Period”). The Airframe Base Price is subject to revision in accordance with the Airframe
Price Revision Formula up to and including the Delivery Date as set forth in Appendix B.

 

UNQUOTE

 

		3.1.2	Airframe Price Revision Formula

 

		3.1.2.1	For Second Batch Aircraft only, Clause 1.2 of Appendix B to the Purchase Agreement shall be deleted in its entirety and replaced
by the following quoted text.

 

QUOTE

 

		1.2	BASE PERIOD

 

The
Airframe Base Price has been established in accordance with the average economic conditions prevailing in *** as defined by “ECIb”
and “ICb” index values indicated hereafter.

 

UNQUOTE

 

		3.1.2.2	For Second Batch Aircraft only, Clause 1.4 of Appendix B to the Purchase Agreement shall be deleted in its entirety and replaced
by the following quoted text.

 

QUOTE

 

		1.4	REVISION FORMULA

 

***

  

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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UNQUOTE

 

		3.2	PROPULSION SYSTEMS BASE PRICE

 

		3.2.1	For Second Batch Aircraft only, Clause 3.2 of Purchase Agreement shall be deleted in its entirety and replaced by the following
quoted text:

 

QUOTE

 

		3.2	Propulsion Systems Base Price

		3.2.1	The base prices of a set of two (2) CFM Propulsion Systems are

 

	CFM56-5B5/3:	 	***	 	for A319 or A320 Aircraft
	CFM56-5B6/3:	 	***	 	for A319 or A320 Aircraft
	CFM56-5B7/3:	 	***	 	for A319 Aircraft
	CFM56-5B4/3:	 	***	 	for A320 Aircraft
	CFM56-5B1/3:	 	***	 	for A321 Aircraft
	CFM56-5B2/3:	 	***	 	for A321 Aircraft
	CFM56-5B3/3:	 	***	 	for A321 Aircraft

 

Such
CFM International Propulsion Systems Base Prices have been established in accordance with the delivery conditions prevailing for
a theoretical delivery in January 2012 and have been calculated from the Propulsion Systems Reference Prices, as set forth in Appendix
C-1, and shall be subject to revision up to the Aircraft Delivery Date in accordance with the CFM INTERNATIONAL Price Revision
Formula set out in Appendix C-1 (the “CFM Price Revision Formula”).

 

		3.2.2	The base prices of a set of two (2) IAE Propulsion Systems are:

 

	IAE V2522-A5:	 	***	 	for A319 Aircraft
	IAE V2524-A5:	 	***	 	for A319 Aircraft
	IAE V2527M-A5:	 	***	 	for A319 Aircraft
	IAE V2527-A5:	 	***	 	for A320 Aircraft
	IAE V2527E-A5:	 	***	 	for A320 Aircraft
	IAE V2530-A5:	 	***	 	for A321 Aircraft
	IAE V2533-A5:	 	***	 	for A321 Aircraft

 

Such
IAE Propulsion Systems Base Prices have been established in accordance with the economic conditions prevailing for a theoretical
delivery in January 2012 and have been calculated from the Propulsion Systems Reference Prices, as set forth in Appendix C-2, and
shall be subject to revision up to the Aircraft delivery date in accordance with IAE INTERNATIONAL Price Revison Formula set forth
in Appendix C-2 (the “IAE Price Revision Formula”).

  

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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UNQUOTE

 

		3.2.2	Clause 1.1 of Appendix C-1 to the Purchase Agreement shall be deleted in its entirety and replaced
by the following quoted text:

 

QUOTE

 

		1.1	REFERENCE
                                                               PRICE OF THE PROPULSION SYSTEMS

 

The
Reference Prices of a set of two (2) CFM INTERNATIONAL Engines are:

 

***

 

This
Reference Prices are subject to adjustment for changes in economic conditions as measured by data obtained from the US Department
of Labor, Bureau of Labor Statistics and in accordance with the provisions of sub-Clauses 4 and 5 hereof.

  

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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UNQUOTE

 

		3.2.3	Clause 1.1 of Appendix C-2 to the Purchase Agreement shall be deleted in its entirety and replaced
by the following quoted text:

 

QUOTE

 

		1.1	REFERENCE PRICE OF THE ENGINES

 

The
Reference Prices of a set of two (2) INTERNATIONAL AERO ENGINES Engines are:

 

***

 

This
Reference Price is subject to adjustment for changes in economic conditions as measured by data obtained from the US Department
of Labor, Bureau of Labor Statistics, and in accordance with the provisions hereof.

  

UNQUOTE

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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		4	DELIVERY SCHEDULE

 

		4.1	Clause 4 of the Purchase Agreement shall be supplemented by the following quoted text:

 

QUOTE

 

Subject to Clauses
2, 7, 8, 10 and 18 of AGTA, the Seller shall have the Second Batch Aircraft Ready for Delivery at the Delivery Location within
the following delivery quarters:

 

	Aircraft Rank	 	Scheduled Delivery Quarter	 	Aircraft Type
	 	 	 	 	 
	Aircraft N°51	 	***	 	A319 Aircraft
	Aircraft N°52	 	***	 	A319 Aircraft
	Aircraft N°53	 	***	 	A319 Aircraft
	Aircraft N°54	 	***	 	A320 Aircraft
	Aircraft N°55	 	***	 	A320 Aircraft
	Aircraft N°56	 	***	 	A320 Aircraft
	Aircraft N°57	 	***	 	A320 Aircraft
	Aircraft N°58	 	***	 	A320 Aircraft
	Aircraft N°59	 	***	 	A319 Aircraft
	Aircraft N°60	 	***	 	A319 Aircraft
	 	 	 	 	 
	Aircraft N°61	 	***	 	A319 Aircraft
	Aircraft N°62	 	***	 	A319 Aircraft
	Aircraft N°63	 	***	 	A319 Aircraft
	Aircraft N°64	 	***	 	A319 Aircraft
	Aircraft N°65	 	***	 	A319 Aircraft
	Aircraft N°66	 	***	 	A320 Aircraft
	Aircraft N°67	 	***	 	A320 Aircraft
	Aircraft N°68	 	***	 	A321 Aircraft
	Aircraft N°69	 	***	 	A321 Aircraft
	Aircraft N°70	 	***	 	A321 Aircraft
	Aircraft N°71	 	***	 	A321 Aircraft
	Aircraft N°72	 	***	 	A321 Aircraft
	Aircraft N°73	 	***	 	A321 Aircraft
	Aircraft N°74	 	***	 	A321 Aircraft
	Aircraft N°75	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°76	 	***	 	A319 Aircraft
	Aircraft N°77	 	***	 	A319 Aircraft
	Aircraft N°78	 	***	 	A321 Aircraft
	Aircraft N°79	 	***	 	A321 Aircraft
	Aircraft N°80	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°81	 	***	 	A320 Aircraft
	Aircraft N°82	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°83	 	***	 	A320 Aircraft
	Aircraft N°84	 	***	 	A321 Aircraft
	Aircraft N°85	 	***	 	A320 Aircraft
	Aircraft N°86	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°87	 	***	 	A320 Aircraft

 

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	Aircraft N°88	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°89	 	***	 	A320 Aircraft
	Aircraft N°90	 	***	 	A321 Aircraft
	Aircraft N°91	 	***	 	A321 Aircraft
	Aircraft N°92	 	***	 	A321 Aircraft
	Aircraft N°93	 	***	 	A321 Aircraft
	Aircraft N°94	 	***	 	A321 Aircraft
	Aircraft N°95	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°96	 	***	 	A320 Aircraft
	Aircraft N°97	 	***	 	A320 Aircraft
	Aircraft N°98	 	***	 	A321 Aircraft
	Aircraft N°99	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°100	 	***	 	A320 Aircraft
	 	 	 	 	 
	Aircraft N°101	 	***	 	A320 Aircraft
	Aircraft N°102	 	***	 	A321 Aircraft
	Aircraft N°103	 	***	 	A321 Aircraft
	Aircraft N°104	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°105	 	***	 	A321 Aircraft
	Aircraft N°106	 	***	 	A321 Aircraft
	Aircraft N°107	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°108	 	***	 	A321 Aircraft
	 	 	 	 	 
	Aircraft N°109	 	***	 	A321 Aircraft
	Aircraft N°110	 	***	 	A321 Aircraft

 

UNQUOTE

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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		5	SELLER REPRESENTATIVES

 

For
Second Batch Aircraft, pursuant to Clause 15 of the AGTA, the Seller Representative allocation provided to the Buyer is defined
hereunder.

 

		5.1	The Seller shall provide to the Buyer *** per Second Batch Aircraft up to a maximum of *** of
                                                           Seller Representative services at the Buyer’s main base or at other locations to be mutually agreed.

 

		5.2	For the sake of clarification, such Seller Representatives’ services shall include ***

 

		5.3	The number of the Seller Representatives assigned to the Buyer at any one time shall be mutually
agreed, but shall at no time exceed ***

 

		6	TECHNICAL DATA

 

Pursuant
to Clause 14 of the AGTA and Clause 7 of the Purchase Agreement, Technical Data shall be supplied in accordance with Exhibit G
of the Purchase Agreement on a free of charge basis from the delivery of the first Second Batch Aircraft under this Amendment
N°2 until *** after the delivery of the last Second Batch Aircraft as per the original schedule set forth in Clause 4 (the
“Revision Service Period”).

 

Pursuant
to Clause 14 of the AGTA and Clause 7 of the Purchase Agreement, the license to use the Performance Engineer Program (“PEP”)
and the revision service shall be provided on a free of charge basis from the delivery of the first Second Batch Aircraft under
this Amendment N°2 until *** after the delivery of the last Second Batch Aircraft as per the original schedule set forth in
Clause 4 (the “PEP Revision Service Period”).

 

For
the avoidance of doubt, the Revision Service Period for the Technical Data under Clause 7 of the Purchase Agreement dated *** cember 30th, 2010, shall remain applicable to the Aircraft for a period of ***

 

		7	MISCELLANEOUS

 

		7.1	The Parties hereby agree that this Amendment No.2 shall enter into full force and effect from the
date mentioned hereabove.

 

		7.2	Except as otherwise provided by the terms and conditions hereof, this Amendment No.2 contains the
entire agreement of the Parties with respect to the subject matter hereof and supersedes all other prior understandings, commitments,
agreements, representations and negotiations 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.

 

		7.3	In the event of any inconsistency between the terms and conditions of the Agreement and those of
the present Amendment No.2, the latter shall prevail to the extent of such inconsistency, whereas the part not concerned by such
inconsistency shall remain in full force and effect.

 

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		7.4	The Parties agree that this Amendment No. 2, upon execution hereof, shall constitute an integral
and non-severable part of the Agreement and shall be governed by all of its provisions, as such provisions have been specifically
amended pursuant to this Amendment No.2. Except as otherwise expressly modified herein, all other terms and conditions of the Agreement
shall continue to be in full force and effect.

 

		7.5	This Amendment No.2 may be executed by the Parties hereto in separate counterparts, each of which
when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.

 

		7.6	This Amendment No.2 is governed by and shall be construed in accordance with the laws of England.

 

Any
dispute arising out of or in connection with this Amendment No.2 shall be finally settled under the Rules of Arbitration of the
International Chamber of Commerce by three (3) arbitrators one appointed by the Buyer, one appointed by the Seller and the third
one determined pursuant to the selection procedure set forth in such rules. Arbitration shall take place in Paris in the English
language.

 

		7.7	Contracts (Rights of Third Parties) Act 1999

 

The
Parties do not intend that any term of this Amendment No.2 shall be enforceable solely by virtue of the Contracts (Rights of Third
Parties) Act 1999 by any person who is not a party to this Amendment No.2.

 

The
Parties may rescind, vary, waive, release, assign, novate or otherwise dispose of all or any of their respective rights or obligations
under this Amendment No.2 without the consent of any person who is not a party to this Amendment No.2.

 

		8	ASSIGNMENT

 

Notwithstanding
any other provision of Amendment No.2 or the Agreement, this Amendment No.2 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.

 

		9	CONFIDENTIALITY

 

The Parties agree that
the terms and conditions of Clause 22.12 of the AGTA shall apply mutatis mutandis to this Amendment.

 

		10	COUNTERPARTS

 

This
Amendment has been executed in three (3) original copies which are in English and may be executed in counterparts, each of which
when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same Amendment.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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IN WITNESS WHEREOF, this Amendment No.2 was entered into the
day and year above written.

 

	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES

    CORPORATION LIMITED	 	AIRBUS S.A.S.
	 	 	 
	Signature:  		 	Signature:  	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title: 	COO-CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

 

	Witnessed and acknowledged	 	 	 
	 	 	 	 
	For and on behalf of	 	 	 
	 	 	 	 
	CHINA EASTERN AVIATION	 	 	 
	IMPORT AND EXPORT CORPORATION	 	 	 
	 	 	 	 	 
	Signature:  		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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Appendix
A -1 to Amendment N° 2

 

STANDARD
SPECIFICATIONS

 

A319-100 standard specification
document number J.000.01000 Issue 7, dated June 20, 2011;

 

A320-200 standard specification
document number D.000.02000 Issue 8, dated June 20, 2011; and

 

A321-200 standard specification
document number E.000.02000 Issue 5, dated June 20, 2011

 

are attached
in a seperate folder.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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Appendix
A-2 to Amendment N° 2

 

List of IRREVOCABLE SCNs for
Second Batch Aircraft

 

	These options shall be irrevocably part of the Second Batch Aircraft Specification	 	A319-100	 	A320-200	 	A321-200	 
	
        ATA

        chapter
	 	TITLE	 	USD

d.c. 01/2012	 	USD

d.c. 01/2012	 	USD

d.c. 01/2012	 
	 	 	 	 	 	 	 	 	 	 
	57	 	Installation of Sharklets	 	***	 	***	 	***	 
	 	 	 	 	 	 	 	 	 	 
	TOTAL OF IRREVOCABLE SCNS - USD DC01/2012 PER AIRCRAFT	 	***	 	***	 	***	 

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
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LETTER
AGREEMENT N° 1

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No. 2550
Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
Applicability of Letters Agreements & Purchase Incentives

 

China Eastern
Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft
general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the “Purchase
Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the “Amendment
No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”. The
Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
which cover the manufacture and the sale by the Seller and the purchase by the Buyer of the Second Batch Aircraft as described
in the Amendment No. 2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both parties
agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No.
2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If there
is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail to the
extent of such inconsistency.

 

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	CT10002329 August 2012	 	Page 1/11

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 1

 

		1	Applicability of Letter Agreements of the Purchase Agreement

 

		1.1	The following Letter Agreements of the Purchase Agreement shall apply to Second Batch Aircraft:

 

Letter Agreement No.3,
Price Adjustment Limitation

Letter Agreement No.5,
Conversion Rights

Letter Agreement No.6,
Miscellaneous Issues

Letter Agreement No.7,
Customer Support

Letter Agreement
No.9, Fuel Tank Inertinq System

 

		1.3	The following Letter Agreements of the Purchase Agreement shall
                                                           not  apply to Second Batch Aircraft:

 

Letter Agreement No.1,
Purchase Incentives

Letter Agreement No.2,
Predelivery Payments

Letter Agreement No.4A,
A319-100 Performance Guarantees

Letter Agreement No.4B,
A320-200 Performance Guarantees

Letter Agreement No.4C,
A321-200 Performance Guarantees

Letter Agreement No.8,
Approval

 

		1.4	Amendment to Letter Agreement No.3

 

		1.4.1	The first paragraph of Clause 1 of Letter Agreement No.3 to the Purchase Agreement shall be deleted
in its entirety and replace by the following quoted text:

 

QUOTE

 

The
following limitations shall apply to the Airframe Price Revision Formula set forth in Appendix B to the Purchase Agreement for
Aircraft deliveries that occur prior to December 31st, 2017:

 

UNQUOTE

 

		1.4.2	The last paragraph of Clause 1 of Letter Agreement No.3 to the Purchase Agreement shall be deleted
in its entirety and replace by the following quoted text:

 

QUOTE

 

The
Buyer will bear the full effect of the Airframe Price Revision Formula set forth in Appendix B for all Aircraft delivered after
December 31st, 2017.

 

UNQUOTE

 

		1.5	Amendment to Letter Agreement No.5

 

		1.5.1	For Second Batch Aircraft only, the first paragraph of Clause 1 of Letter Agreement No.5 to the
Purchase Agreement shall be deleted in its entirety and replace by the following quoted text:

 

QUOTE

 

In
order to provide the Buyer with flexibility to meet its future fleet requirements, the Seller grants to the Buyer the right to
convert (the “Conversion Right”) the Aircraft which are scheduled for Delivery in 2015 or later, into A321 model aircraft
(the “Converted A321 Aircraft”), or A320 model aircraft (the “Converted A320 Aircraft”) on a one (1) to one
(1) basis. The Converted A320 Aircraft, and the Converted A321 Aircraft are collectively referred to herein as the “Converted
Aircraft”.

  

UNQUOTE

 

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LETTER
AGREEMENT N° 1

 

 

		1.6	Applicability of Letter Agreement No.7 and Training Allowances

 

		1.6.1	Clause 1 and Clause 4 of the Letter Agreement No.7 to the Purchase Agreement shall apply to the
Second Batch Aircraft.

 

		1.6.2	Clause 2 and 3 of Letter Agreement No 7 to the Purchase Agreement define quantities of training
granted for the fleet of First Batch Aircraft. With respect to the fleet of Second Batch Aircraft, the Seller shall grant to the
Buyer an additional training allowance for the same total quantities as defined under Clause 2 and Clause 3 of the Letter Agreement
No.7 of the Purchase Agreement, pursuant to Clauses 1 and 2 of Appendix A to Clause 16 of the AGTA.

 

		1.6.3	In consideration of the Buyer’s firm order of sixty (60) Second Batch Aircraft, in addition to
the quantities of training described in Letter Agreement No. 7 to the Purchase Agreement and granted under clause 1.6.2 above,
the Seller shall provide the Buyer with *** maintenance training free of charge for the Buyer’s personnel and AMIC maintenance
instructor training free of charge for up to *** pursuant to Clauses 1 and 2 of Appendix A to Clause 16 of the AGIA.

 

		2	Applicability
                                                         of Side Letters of the Purchase Agreement

 

Side
Letters Nos. 1, 2, 3, 4, 5 and 6 to the Purchase Agreement shall not apply to Second Batch Aircraft.

 

		3	Purchase
                                                         Incentives for Second Batch Aircraft

 

		3.1.	Base
                                                            Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a base credit memorandum (the “Base Credit Memorandum”)
in an amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		3.2.	Airline
                                                                                Volume Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, an airline volume credit memorandum (the “Airline
Volume Credit Memorandum”) in an amount of:

 

***

 

***

 

		3.3	Customer
                                                           Support Credit Memorandum

 

		3.3.1	The Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a customer support
credit memorandum (the “Customer Support Credit Memorandum”) in an amount of:

 

***

 

		3.3.2	The Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, an additional customer
support credit memorandum (the “Additional Customer Support Credit Memorandum”) in an amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		3.4.	Communication
                                                            Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a communication credit memorandum (the “Communication
Credit Memorandum”) in an amount of:

 

***

 

		3.5.	Safety
                                                            Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a safety credit memorandum (the “Safety Credit
Memorandum”) in a fixed amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		3.6.	Special
                                                                              Volume Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a special volume credit memorandum (the “Special
Volume Credit Memorandum”) in an amount of:

 

***

 

***

 

		3.7.	Exceptional
                                                            Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, an Exceptional Credit Memorandum in an amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		3.8.	Strategic Partner Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch A321 Aircraft, an additional credit memorandum (the “Strategic
Partner Credit Memorandum”) in an amount of:

 

***

 

		3.9.	Revision of the Credit Memoranda

 

The
Base Credit Memorandum, the Airline Volume Credit Memorandum, the Customer Support Credit Memorandum, the Additional Customer Support
Credit Memorandum, the Communication Credit Memorandum, the Special Volume Credit Memorandum, the Exceptional Credit Memorandum
and the Strategic Partner Credit Memorandum are expressed in January 2012 delivery conditions and shall be subject to revision
up to the Aircraft Delivery Date in accordance with (i) the Airframe Price Revision formula set forth in Appendix B to the Purchase
Agreement amended by Clause 3.1.2 of the Amendment No.2 and (ii) any limitation thereto.

 

		3.10	Exceptional Price Stabilization Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft, a credit memorandum (the “Exceptional Price
Stabilization Credit Memorandum”) in an amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		3.11	Sharklets Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft for which an SCN for the installation of Sharklets has
been executed by the parties, and for which no other Sharklet credit memorandum is to be applied, a credit memorandum (the “Sharklets
Credit Memorandum”) in an amount of:

 

***

 

		3.12	Additional Airframe Credit Memorandum

 

In
consideration of the Buyer selecting Sharklets for all sixty (60) Second Batch Aircraft, the Seller shall grant to the Buyer,
at Delivery of each Second Batch Aircraft, a credit memorandum (the “Additional Airframe Credit Memorandum”)
in an amount of:

 

***

 

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LETTER
AGREEMENT N° 1

 

		4	Delivery Schedule Flexibility

 

		4.1	The
                                                           Buyer shall have the option to postpone the Delivery Periods for Aircraft
                                                           No. 69, 70, 71, 72 & 73 (the “Flex-Schedule Aircraft”)
                                                           set forth in Clause 4, as amended by Amendment No. 2 to the Purchase
                                                           Agreement, to the following delivery positions (the “New Schedule
                                                           Delivery Periods”) by written notice sent to the Seller no
                                                           later than 14th December 2012:-

 

	Aircraft N°69	***	A321 Aircraft
	Aircraft N°70	***	A321 Aircraft
	Aircraft N°71	***	A321 Aircraft
	Aircraft N°72	***	A321 Aircraft
	Aircraft N°73	***	A321 Aircraft

 

In
the event that the Seller receives such notice from the Buyer *** then the Schedule Delivery Periods set forth in Clause 4 of
the Purchase Agreement for the Flex-Schedule Aircraft shall thereby be irrevocably amended to the New Schedule Delivery
Periods, and shall henceforth be considered as the original Schedule Delivery Months for such Aircraft.

 

		4.2	The
                                                           parties acknowledge that the Buyer is required by Chinese regulations
                                                           to obtain approval (the “Government Approval”) for
                                                           the purchase of all the Aircraft under the Agreement from the relevant
                                                           Government entities. Upon the written request of the Buyer acting reasonably,
                                                           the Seller shall use reasonable endeavours to assist the Buyer in obtaining
                                                           such approvals as early as possible. The Buyer shall provide written
                                                           evidence of the Government Approval within *** of reception, identifying
                                                           which Aircraft are irrevocably approved (the “Approved Aircraft”).

 

		4.2	***

 

		5	Final Price for Non-Excusable Delay

 

The
Final Price of an Aircraft subject to a Non-Excusable Delay as defined in clause 11.1 of
the AGTA shall be calculated as if the Aircraft had been delivered in the Scheduled Delivery Month.

 

		6	Assignment

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		7	Confidentiality

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

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	CT10002329 August 2012	 	Page 9/11

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 1

 

In particular,
both Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i)
the contact details of the Receiving Party,

(ii)
the extent of the Personal Information subject to disclosure,

(iii)
the Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The Buyer
agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions
of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of
Delivery of the last Aircraft to be delivered under the Amendment No.2.

 

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LETTER
AGREEMENT N° 1

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature: 		 	Signature: 	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

  

	Witnessed and acknowledged,	 	 	 
	 	 	 	 
	
        CHINA EASTERN AVIATION

        IMPORT AND EXPORT CORPORATION
	 	 	 
	 	 	 	 
	Signature: 		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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LETTER
AGREEMENT N° 2

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
Predeliverv Payments

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA’’) on June 15th, 2009, an A320 family purchase
agreement (the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase
Agreement (the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the
“Agreement”. The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement
(the “Amendment No.2”), which cover the manufacture and the sale by the Seller and the purchase by the Buyer
of the Second Batch Aircraft as described in the Amendment No. 2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

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LETTER
AGREEMENT N° 2

 

		1	Predelivery
                                                         payments

 

With
respect only to the Second Batch Aircraft that the Buyer wishes to purchase and the Seller wishes to sell pursuant to the terms
of the Amendment No.2, sub-Clauses 5.3.1 and 5.3.2 of the AGTA
shall be considered void and replaced in their entirety by the following text between the words “QUOTE” and “UNQUOTE”:

 

QUOTE

 

5.3.1       The
Buyer shall pay Predelivery Payments to the Seller calculated on the predelivery payment reference price of each Aircraft. The
predelivery payment reference price is determined by the following formula:

 

***

 

5.3.2.1     Such
Predelivery Payments shall be made in accordance with the following schedule:

 

	 	 	PERCENTAGE OF PREDELIVERY
		 	PAYMENT REFERENCE
	DUE DATE OF PAYMENTS		PRICE
	 	 	 
	***	 	***

 

In
the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Amendment
No.2, such Predelivery Payments shall be made upon signature of the Amendment No.2.

 

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LETTER
AGREEMENT N° 2

 

Each
of the Predelivery Payments is due on the first Business Day of the month that such payment is due (the “Payment Date”).
However, if the Payment Date falls more than four (4) calendar days after the first day the month, the payment will be due on the
last Business Day of the preceding month.

 

UNQUOTE

 

		2	First
                                                         Predelivery Payment

 

***

 

		3	Assignment

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		4	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 written 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 written consent of the other party.

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

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LETTER
AGREEMENT N° 2

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i) the
contact details of the Receiving Party,

(ii) the
extent of the Personal Information subject to disclosure,

(iii) the
Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery
of the last Aircraft to be delivered under the Amendment No.2.

 

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LETTER
AGREEMENT N° 2

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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 
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature:  		 	Signature: 	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

	Witnessed and acknowledged,	 	 	 
	 	 	 	 
	
        CHINA EASTERN AVIATION

        IMPORT AND EXPORT CORPORATION
	 	 	 
	 	 	 	 
	Signature: 		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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LETTER
AGREEMENT N° 3 - A

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:  A319-100 PERFORMANCE GUARANTEES

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement
(the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement
(the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
together with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A319 Aircraft
as described in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

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    – AM2 to 2010 A320 PA	LA No.3-A
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LETTER
AGREEMENT N° 3 - A

 

		1	AIRCRAFT CONFIGURATION

 

The
guarantees defined below (the “Guarantees”) are applicable to the A319-100 Aircraft as described in the Standard Specification
Ref. J 000 01000 Issue 7 dated 20th June 2011 as amended by Specification Change Notices (“SCN’s”) for installation
of following engines:

 

		a)	CFM56-5B5/3 propulsion system

		b)	IAE V2522-A5 propulsion system

 

without
taking into account any further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification”
for the purposes of this Letter Agreement).

 

		2	GUARANTEED PERFORMANCE

 

		2.1	Take-off Field Length

 

The
JAR take-off field length at an Aircraft gross weight of 64,000 kg at the start of Take-Off Distance Available (TODA) at Sea Level
pressure altitude in ISA+15°C conditions shall not be more than a guaranteed value of:

 

	 	a)	for CFM:	***
	 	b)	for IAE:	***

 

		2.2	Second Segment Climb

 

The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after take-off, undercarriage retracted, at a weight corresponding
to the stated weight at the start of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration
of flap angle and safety speed required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR
certified dry landing field length at an Aircraft gross weight of 61,000 kg at Sea Level pressure altitude shall be not more than
a guaranteed value of:

 

		a)	for CFM: 	***

		b)	for IAE: 	***

 

		2.4	Cruise Specific Air Range

 

The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and
Altitude conditions given below:

 

	 	Gross Weight (kg)	Pressure Altitude (ft)	 
	 	 	 	 
	 	***	***	 

 

shall
be not less than a guaranteed value of:

 

		a)	for CFM: 	***

		b)	for IAE: 	***

 

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LETTER
AGREEMENT N° 3 - A

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The
Seller guarantees a Manufacturer’s Weights Empty as below:

 

	A319-100 CFM56-5B5/3	***
	A319-100 V2522-A5	***

 

This
is the Manufacturer’s Weights Empty of the Aircraft as defined in Section 13- 10.00.00
of the Standard Specifications amended by the SCN’s defined in paragraph 1 of this Letter Agreement and are subject to adjustment
as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification requirements
for the Aircraft, except where otherwise noted, will be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off
and landing performance a hard dry level runway surface with no runway strength limitations, no line-up allowances, no obstacles,
zero wind, atmosphere according to ISA, except as otherwise noted, and the use of speed brakes, flaps, landing gear and engines
in the conditions liable to provide the best results will be assumed.

 

		4.2.1	When establishing take-off and second
segment performance no air will be bled from the engines for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance
associated with the Guarantees will include allowances for normal electrical load and for normal engine air bleed and power extraction
associated with maximum cabin differential pressure as defined in Section 21-30.31 of the Specification. Cabin air conditioning
management during performance demonstration as described in Subparagraph 5.3 below may be such as to optimize the Aircraft performance
while meeting the minimum air conditioning requirements defined above. Unless otherwise stated no air will be bled from the engines
for anti-icing.

 

		4.4	The engines will be operated using not
more than the engine manufacturer’s maximum recommended outputs for take-off, maximum go-round, maximum continuous, maximum climb
and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume
the use of an approved fuel having a density of
6.70 lb per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance assume a centre of gravity position of
25% MAC.

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall
                                                                             be demonstrated using operating procedures and limitations in accordance with those defined by the certifying Airworthiness
                                                                             Authority and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second
                                                                             segment and landing elements of the Guarantees will be demonstrated with reference to the JAA approved Flight
                                                                             Manual.

 

		5.3	Compliance
with those parts of the Guarantees defined in paragraph 2 above not covered by the requirements of the certifying Airworthiness
Authority shall be demonstrated by calculation based on data obtained during flight tests conducted on one (or more, at the Seller’s
discretion) A319-100 aircraft of the same aerodynamic configuration as the Aircraft purchased by the Buyer and incorporated in
the In-Flight Performance Program and data bases (“the IFP”) appropriate to the Aircraft.

 

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	CT10002329 August 2012	 	Page 3/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - A

 

		5.4	Compliance with the Manufacturer’s Weight
Empty guarantees defined in Paragraph 3 shall be demonstrated with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted
as required using conventional methods of correction, interpolation or extrapolation in accordance with established aeronautical
practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not
contingent on engine performance defined in the engine manufacturer’s specification.

 

		5.7	The Seller undertakes to furnish the Buyer
with a report or reports demonstrating compliance with the Guarantees at, or as soon as possible after, the delivery of each of
the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law,
governmental regulation or requirement or interpretation thereof (“Rule Change”) by any governmental agency made subsequent
to the date of the Agreement and such rule change affects the Aircraft configuration or performance or both required to obtain
certification the Guarantees shall be appropriately modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as
described in paragraph 1 of this Letter Agreement and may be adjusted in the event of:

 

		i)	Any further configuration change which
is the subject of a SCN

		ii)	Variation in actual weights of items defined
in Section 13-10 of the Standard Specification

		iii)	Changes required to obtain certification
that cause modifications to the performance or weight of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The
Guarantees are exclusive and are provided in lieu of any and all other performance and weight guarantees of any nature which may
be stated, referenced or incorporated in the Standard Specification or any other document.

 

		8	UNDERTAKING REMEDIES

 

Should
any Aircraft fail to meet any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours
to correct the deficiency to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and
make available corrective means (including but not limited to kits, procedures, adjustment of design weights) for the correction
of the above said deficiency within one (1) year from delivery of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

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LETTER
AGREEMENT N° 3 - A

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the Seller develops and makes
available corrective means mentioned above the Seller shall pay to the Buyer the monthly prorated portion of the yearly remedy
due by the Seller on account of the year during which the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding
any other provision of thisLetter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i) the
contact details of the Receiving Party,

(ii) the
extent of the Personal Information subject to disclosure,

(iii) the
Aircraft pricing to be provided to the Receiving Party.

 

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    A319 perfo	Private & Confidential
	CT10002329 August 2012	 	Page 5/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - A

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery
of the last Aircraft to be delivered under the Amendment No.2.

 

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	CT10002329 August 2012	 	Page 6/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - A

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature:  		 	Signature: 	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

Witnessed
and acknowledged,

 

	
        CHINA EASTERN AVIATION

        IMPORT AND EXPORT CORPORATION
	 	 	 
	 	 	 	 
	Signature: 		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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LETTER
AGREEMENT N° 3 - B

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
A320-200 PERFORMANCE GUARANTEES

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement
(the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement
(the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
together with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A320 Aircraft
as described in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

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	CT10002329 August 2012	 	Page 1/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - B

 

		1	AIRCRAFT CONFIGURATION

 

The
guarantees defined below (the “Guarantees”) are applicable to the A320-200 Aircraft as described in the Standard Specification
Ref. D 000 02000 Issue 8 dated 20th June 2011 as amended by Specification Change Notices (“SCN’s”) for installation
of following engines:

 

		a)	CFM56-5B4/3 propulsion system

		b)	IAE V2527-A5 propulsion system

 

without
taking into account any further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification”
for the purposes of this Letter Agreement).

 

		2	GUARANTEED PERFORMANCE

 

		2.1	Take-off Field Length

 

The
JAR take-off field length at an Aircraft gross weight of 73,500 kg at the start of Take-Off Distance Available (TODA) at Sea Level
pressure altitude in ISA+15°C conditions shall not be more than a guaranteed value of:

 

	 	a)	for CFM:	***
	 	b)	for IAE:	***

 

		2.2	Second Segment Climb

 

The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after take-off, undercarriage retracted, at a weight corresponding
to the stated weight at the start of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration
of flap angle and safety speed required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR
certified dry landing field length at an Aircraft gross weight of 64,500 kg at Sea Level pressure altitude shall be not more than
a guaranteed value of:

 

		a)	for CFM:	***

		b)	for IAE:	***

 

		2.4	Cruise Specific Air Range

 

The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and
Altitude conditions given below:

	 	Gross Weight (kg)	Pressure Altitude (ft)	 
	 	 	 	 
	 	***	***	 

 

shall
be not less than a guaranteed value of:

 

		a)	for CFM:	***

		b)	for IAE:	 ***

 

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	CT10002329 August 2012	 	Page 2/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - B

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The
Seller guarantees a Manufacturer’s Weights Empty as below:

 

	A320-200 CFM56-5B4/3 	***
	A320-200 V2527-A5	***

 

These
are the Manufacturer’s Weights Empty of the Aircraft as defined in Section 13- 10.00.00
of the Standard Specifications amended by the SCN’s defined in paragraph 1 of this Letter Agreement and are subject to
adjustment as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification requirements
for the Aircraft, except where otherwise noted, will be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off
and landing performance a hard dry level runway surface with no runway strength limitations, no line-up allowances, no obstacles,
zero wind, atmosphere according to ISA, except as otherwise noted, and the use of speed brakes, flaps, landing gear and engines
in the conditions liable to provide the best results will be assumed.

 

		4.2.1	When establishing take-off and second
segment performance no air will be bled from the engines for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance
associated with the Guarantees will include allowances for normal electrical load and for normal engine air bleed and power extraction
associated with maximum cabin differential pressure as defined in Section 21-30.31 of the Specification. Cabin air conditioning
management during performance demonstration as described in Subparagraph 5.3 below may be such as to optimize the Aircraft performance
while meeting the minimum air conditioning requirements defined above. Unless otherwise stated no air will be bled from the engines
for anti-icing.

 

		4.4	The engines will be operated using not
more than the engine manufacturer’s maximum recommended outputs for take-off, maximum go-round, maximum continuous, maximum climb
and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume
the use of an approved fuel having a density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance
assume a centre of gravity position of 33% MAC.

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be
demonstrated using operating procedures and limitations in accordance with those defined by the certifying Airworthiness Authority
and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second segment
and landing elements of the Guarantees will be demonstrated with reference to the JAA approved Flight Manual.

 

		5.3	Compliance with those parts of the Guarantees
defined in paragraph 2 above not covered by the requirements of the certifying Airworthiness Authority shall be demonstrated by
calculation based on data obtained during flight tests conducted on one (or more, at the Seller’s discretion) A320-200 aircraft
of the same aerodynamic configuration as the Aircraft purchased by the Buyer and incorporated in the In-Flight Performance Program
and data bases (“the IFP”) appropriate to the Aircraft.

 

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	CT10002329 August 2012	 	Page 3/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - B

 

		5.4	Compliance with the Manufacturer’s Weight
Empty guarantees defined in Paragraph 3 shall be demonstrated with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted
as required using conventional methods of correction, interpolation or extrapolation in accordance with established aeronautical
practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not
contingent on engine performance defined in the engine manufacturer’s specification.

 

		5.7	The Seller undertakes to furnish the Buyer
with a report or reports demonstrating compliance with the Guarantees at, or as soon as possible after, the delivery of each of
the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law,
governmental regulation or requirement or interpretation thereof (“Rule Change”) by any governmental agency made subsequent
to the date of the Agreement and such rule change affects the Aircraft configuration or performance or both required to obtain
certification the Guarantees shall be appropriately modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as
described in paragraph 1 of this Letter Agreement and may be adjusted in the event of:

 

		i)	Any further configuration change which is the subject of a SCN

		ii)	Variation in actual weights of items defined in Section 13-10 of the
Standard Specification

		iii)	Changes required to obtain certification that cause modifications
to the performance or weight of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The
Guarantees are exclusive and are provided in lieu of any and all other performance and weight guarantees of any nature which may
be stated, referenced or incorporated in the Standard Specification or any other document.

 

		8	UNDERTAKING REMEDIES

 

Should
any Aircraft fail to meet any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours
to correct the deficiency to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and
make available corrective means (including but not limited to kits, procedures, adjustment of design weights) for the correction
of the above said deficiency within one (1) year from delivery of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

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	CT10002329 August 2012	 	Page 4/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - B

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the Seller develops and makes
available corrective means mentioned above the Buyer shall reimburse to the Seller the monthly prorated portion of the yearly penalty
paid by the Seller on account of the year during which the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This Letter Agreement
(and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations
under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any
third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation hereof.

 

In particular, both
Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i)
the contact details of the Receiving Party,

(ii)
the extent of the Personal Information subject to disclosure,

 

	CES - A320 – AM2 to 2010 A320 PA	LA N0.3-B A320 perfo	Private & Confidential
	CT10002329 August 2012	 	Page 5/7

 

    	 

    	 

    

  

LETTER AGREEMENT N°
3 - B

 

(iii) the Aircraft pricing
to be provided to the Receiving Party.

 

Furthermore, the Buyer shall
use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the Agreement and/or
any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any governmental or
regulatory agency.

 

The Buyer agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.

 

The provisions of this Clause
shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery of the last Aircraft to
be delivered under the Amendment No.2.

 

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	CT10002329 August 2012	 	Page 6/7

 

    	 

    	 

    

 

LETTER AGREEMENT N°
3 - B

 

If the foregoing correctly sets forth our understanding,
please execute three (3) 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

 

	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature: 		 	Signature:	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

	Witnessed and acknowledged,	 	 	 
	 	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION

	 	 	 
	 	 	 	 
	Signature:		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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	CT10002329 August 2012	 	Page 7/7

 

    	 

    	 

    

 

LETTER AGREEMENT N°
3 - C

 

CHINA EASTERN AIRLINES CORPORATION
LIMITED

Hongqiao International Airport,

No. 2550 Hongqiao Road,

Shanghai 200335,

People’s Republic
of China

 

Subject:   A321-200
PERFORMANCE GUARANTEES

 

China Eastern Airlines Corp. Ltd., (the
“Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft general terms agreement
(“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the “Purchase Agreement”)
on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the “Amendment No.1”) on
June 28th, 2012, hereinafter collectively referred to as the “Agreement”. The Buyer and the Seller
have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”), together
with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A321 Aircraft as described
in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized terms used herein and
not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment No.2 and the Agreement

 

Both parties agree that this Letter
Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No. 2 and shall be governed
by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If there is any inconsistency between
the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail to the extent of such inconsistency.

 

	CES - A320 – AM2 to 2010 A320 PA	 LA No.3-C A321 perfo	Private & Confidential
	CT10002329 August 2012	 	Page 1/7

 

    	 

    	 

    

 

LETTER AGREEMENT N°
3 - C

 

		1	AIRCRAFT CONFIGURATION

 

The guarantees defined below
(the “Guarantees”) are applicable to the A321-200 Aircraft as described in the Standard Specification Ref. E 000 02000
Issue 5 dated 20th June 2011 as amended by Specification Change Notices (“SCN’s”) for installation of following
engines:

 

		a)	CFM56-5B3/3 propulsion system

		b)	IAE V2533-A5 propulsion system

 

without taking into account any
further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification” for the purposes
of this Letter Agreement).

 

		2	GUARANTEED PERFORMANCE

 

		2.1	Take-off Field Length

 

The JAR take-off field length
at an Aircraft gross weight of 89,000 kg at the start of Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.2	Second Segment Climb

 

The Aircraft shall meet JAR 25
regulations for one engine inoperative climb after take-off, undercarriage retracted, at a weight corresponding to the stated
weight at the start of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration of flap angle
and safety speed required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR certified dry landing field
length at an Aircraft gross weight of 75,500 kg at Sea Level pressure altitude shall be not more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.4	Cruise Specific Air Range

 

The average nautical miles per
kilogram of fuel (average SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude conditions given
below:

 

	 	Gross Weight (kg)	Pressure Altitude (ft)	 
	 	 	 	 
	 	***	***	 

 

shall be not less than a guaranteed
value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

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LETTER AGREEMENT N°
3 - C

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The Seller guarantees a Manufacturer’s
Weights Empty as below:

 

	A321-200 CFM56-5B3/3	***
	A321-200 V2533-A5	***

 

These are the Manufacturer’s
Weights Empty of the Aircraft as defined in Section 13-10.00.00 of the Standard Specifications amended by the SCN’s defined in
paragraph 1 of this Letter Agreement and are subject to adjustment as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification requirements for the Aircraft, except where otherwise noted, will
be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off and landing performance a hard dry level runway surface with
no runway strength limitations, no line-up allowances, no obstacles, zero wind, atmosphere according to ISA, except as otherwise
noted, and the use of speed brakes, flaps, landing gear and engines in the conditions liable to provide the best results will be
assumed.

 

		4.2.1	When establishing take-off and second segment performance no air will be bled from the engines
for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance associated with the Guarantees will include allowances for
normal electrical load and for normal engine air bleed and power extraction associated with maximum cabin differential pressure
as defined in Section 21-30.31 of the Specification. Cabin air conditioning management during performance demonstration as described
in Subparagraph 5.3 below may be such as to optimize the Aircraft performance while meeting the minimum air conditioning requirements
defined above. Unless otherwise stated no air will be bled from the engines for anti-icing.

 

		4.4	The engines will be operated using not more than the engine manufacturer’s maximum recommended
outputs for take-off, maximum go-round, maximum continuous, maximum climb and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume the use of an approved fuel having a density of 6.70 lb
per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance assume a centre of gravity position of 25% MAC.

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be demonstrated using operating procedures and limitations
in accordance with those defined by the certifying Airworthiness Authority and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second segment and landing elements of the Guarantees will be demonstrated
with reference to the JAA approved Flight Manual.

 

		5.3	Compliance with those parts of the Guarantees defined in paragraph 2 above not covered by the requirements
of the certifying Airworthiness Authority shall be demonstrated by calculation based on data obtained during flight tests conducted
on one (or more, at the Seller’s discretion) A321-200 aircraft of the same aerodynamic configuration as the Aircraft purchased
by the Buyer and incorporated in the In-Flight Performance Program and data bases (“the IFP”) appropriate to the Aircraft.

 

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LETTER AGREEMENT N°
3 - C

 

		5.4	Compliance with the Manufacturer’s Weight Empty guarantees defined in Paragraph 3 shall be
demonstrated with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted as required using conventional methods of correction,
interpolation or extrapolation in accordance with established aeronautical practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not contingent on engine performance defined in the engine manufacturer’s
specification.

 

		5.7	The Seller undertakes to furnish the Buyer with a report or reports demonstrating compliance with
the Guarantees at, or as soon as possible after, the delivery of each of the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law, governmental regulation or requirement or interpretation
thereof (“Rule Change”) by any governmental agency made subsequent to the date of the Agreement and such rule change
affects the Aircraft configuration or performance or both required to obtain certification the Guarantees shall be appropriately
modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as described in paragraph 1 of this Letter Agreement and may
be adjusted in the event of:

 

		i)	Any further configuration change which is the subject of a SCN

		ii)	Variation in actual weights of items defined in Section 13-10 of the Standard Specification

		iii)	Changes required to obtain certification that cause modifications to the performance or weight of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The Guarantees are exclusive
and are provided in lieu of any and all other performance and weight guarantees of any nature which may be stated, referenced or
incorporated in the Standard Specification or any other document.

 

		8	UNDERTAKING REMEDIES

 

Should any Aircraft fail to meet
any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours to correct the deficiency
to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and make available corrective means (including but not limited
to kits, procedures, adjustment of design weights) for the correction of the above said deficiency within one (1) year from delivery
of the affected Aircraft, then the Seller shall in respect of such Aircraft pay to the Buyer by way of liquidated damages subject
to Seller’s maximum liability set forth hereunder on the anniversary date of the delivery for as long as the deficiency remains,
the following amounts:

 

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LETTER AGREEMENT N°
3 - C

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the Seller develops and makes available corrective means mentioned above the Buyer
shall reimburse to the Seller the monthly prorated portion of the yearly penalty paid by the Seller on account of the year during
which the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding any other provision
of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation hereof.

 

In particular, both Parties agree:

		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.

		-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement
are strictly personal and exclusive to the Buyer, (the “Personal Information”). The Buyer therefore agrees to enter into
consultations with the Seller reasonably in advance of any required disclosure of Personal Information to financial institutions,
including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or
any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).

 

Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:

 

		(i)	the contact details of the Receiving Party,

		(ii)	the extent of the Personal Information subject to disclosure,

 

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LETTER AGREEMENT N°
3 - C

 

(iii)the Aircraft pricing
to be provided to the Receiving Party.

 

Furthermore, the Buyer shall
use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the Agreement and/or
any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any governmental or
regulatory agency.

 

The Buyer agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.

 

The provisions of this Clause
shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery of the last Aircraft to
be delivered under the Amendment No.2.

 

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LETTER AGREEMENT N°
3 - C

 

If the foregoing correctly sets forth our understanding, please
execute three (3) 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

 

	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature: 		 	Signature:	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

	Witnessed and acknowledged,	 	 	 
	 	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION

	 	 	 
	 	 	 	 
	Signature:		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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LETTER AGREEMENT N°
3 - D

 

CHINA EASTERN AIRLINES CORPORATION
LIMITED

Hongqiao International Airport,

No. 2550 Hongqiao Road,

Shanghai 200335,

People’s Republic of China

 

Subject:   A319-100
PERFORMANCE GUARANTEES (64t SHARKLETS)

 

China Eastern Airlines Corp. Ltd., (the
“Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft general terms agreement
(“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the “Purchase Agreement”)
on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the “Amendment No.1”) on
June 28th, 2012, hereinafter collectively referred to as the “Agreement”. The Buyer and the Seller
have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”), together
with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A319 Aircraft as described
in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized terms used herein and
not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment No.2 and the Agreement

 

Both parties agree that this Letter
Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No. 2 and shall be governed
by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If there is any inconsistency between
the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail to the extent of such inconsistency.

 

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LETTER AGREEMENT N°
3 - D

 

		1	AIRCRAFT CONFIGURATION

 

The guarantees defined below
(the “Guarantees”) are applicable to the A319-100 Aircraft as described in a) the Standard Specification Ref. J 000 01000
Issue 7 dated 20th June 2011 or b) the Standard Specification Ref. J 000 01000 Issue 6 dated 1st March 2007, as amended
by Specification Change Notices (“SCN’s”) for:

 

		i)	2012 aircraft configuration including Sharklets

 

		ii)	installation of following engines

 

		a)	CFM56-5B5/3 propulsion system

		b)	IAE V2522-A5 propulsion system

 

without taking into account any
further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification” for the purposes
of this Letter Agreement).

 

		2	GUARANTEED PERFORMANCE

 

		2.1	Take-off Field Length

 

The JAR take-off field length
at an Aircraft gross weight of 64,000 kg at the start of Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.2	Second Segment Climb

 

The Aircraft shall meet JAR 25 regulations for one
engine inoperative climb after take-off, undercarriage retracted, at a weight corresponding to the stated weight at the start
of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration of flap angle and safety speed
required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR certified dry landing field
length at an Aircraft gross weight of 61,000 kg at Sea Level pressure altitude shall be not more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.4	Cruise Specific Air Range

 

The average nautical miles per kilogram of fuel (average
SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude conditions given below:

 

	 	Gross Weight (kg)	Pressure Altitude (ft)	 
	 	 	 	 
	 	***	***	 

 

shall be not less than a guaranteed
value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

  

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Page 2/7

 

    	 

    	 

    

 

LETTER AGREEMENT N°
3 - D

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The Seller guarantees a Manufacturer’s Weights Empty
as below:

 

	A319-100 CFM56-5B5/3	***
	A319-100 V2522-A5	***

 

This is the Manufacturer’s Weights Empty of
the Aircraft as defined in Section 13-10.00.00 of the Standard Specifications amended by the SCN’s defined in paragraph
1 of this Letter Agreement and are subject to adjustment as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification requirements for the Aircraft, except where otherwise noted, will
be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off and landing performance a hard dry level runway surface with
no runway strength limitations, no line-up allowances, no obstacles, zero wind, atmosphere according to ISA, except as otherwise
noted, and the use of speed brakes, flaps, landing gear and engines in the conditions liable to provide the best results will be
assumed.

 

		4.2.1	When establishing take-off and second segment performance no air will be bled from the engines
for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance associated with the Guarantees will include allowances for
normal electrical load and for normal engine air bleed and power extraction associated with maximum cabin differential pressure
as defined in Section 21-30.31 of the Specification. Cabin air conditioning management during performance demonstration as described
in Subparagraph 5.3 below may be such as to optimize the Aircraft performance while meeting the minimum air conditioning requirements
defined above. Unless otherwise stated no air will be bled from the engines for anti-icing.

 

		4.4	The engines will be operated using not more than the engine manufacturer’s maximum recommended
outputs for take-off, maximum go-round, maximum continuous, maximum climb and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume the use of an approved fuel having a density of 6.70 lb
per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance assume a centre of gravity position of 25% MAC.

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be demonstrated using operating procedures and limitations
in accordance with those defined by the certifying Airworthiness Authority and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second segment and landing elements of the Guarantees will be demonstrated
with reference to the JAA approved Flight Manual.

 

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LETTER
AGREEMENT N° 3 - D

 

		5.3	Compliance with those parts of the Guarantees defined in paragraph 2 above not covered by the requirements
of the certifying Airworthiness Authority shall be demonstrated by calculation based on data obtained during flight tests conducted
on one (or more, at the Seller’s discretion) A319-100 aircraft of the same aerodynamic configuration as the Aircraft purchased
by the Buyer and incorporated in the In-Flight Performance Program and data bases (“the IFP”) appropriate to the Aircraft.

 

		5.4	Compliance with the Manufacturer’s Weight Empty guarantees defined in Paragraph 3 shall be demonstrated
with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted as required using conventional methods of correction,
interpolation or extrapolation in accordance with established aeronautical practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not contingent on engine performance defined in the engine manufacturer’s
specification.

 

		5.7	The Seller undertakes to furnish the Buyer with a report or reports demonstrating compliance with
the Guarantees at, or as soon as possible after, the delivery of each of the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law, governmental regulation or requirement or interpretation
thereof (“Rule Change”) by any governmental agency made subsequent to the date of the Agreement and such rule change
affects the Aircraft configuration or performance or both required to obtain certification the Guarantees shall be appropriately
modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as described in paragraph 1 of this Letter Agreement and may
be adjusted in the event of:

 

		i)	Any further configuration change which is the subject of a SCN

		ii)	Variation in actual weights of items defined in Section 13-10 of the Standard Specification

		iii)	Changes required to obtain certification that cause modifications to the performance or weight of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The Guarantees are exclusive
and are provided in lieu of any and all other performance and weight guarantees of any nature which may be stated, referenced or
incorporated in the Standard Specification or any other document.

 

		8	UNDERTAKING REMEDIES

 

Should any Aircraft fail to meet
any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours to correct the deficiency
to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and make available corrective means (including but not limited
to kits, procedures, adjustment of design weights) for the correction of the above said deficiency within one (1) year from delivery
of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

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LETTER
AGREEMENT N° 3 - D

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the Seller develops and makes available
correctivemeans mentioned above the Seller shall pay to the Buyer the monthly prorated portion of the yearly remedy due by
the Seller on account of the year during which the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding any other provision
of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation hereof.

 

In particular, both Parties agree:

		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.

		-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement
are strictly personal and exclusive to the Buyer, (the “Personal Information”). The Buyer therefore agrees to enter into
consultations with the Seller reasonably in advance of any required disclosure of Personal Information to financial institutions,
including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or
any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).

 

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LETTER
AGREEMENT N° 3 - D

 

Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:

 

		(i)	the contact details of the Receiving Party,

		(ii)	the extent of the Personal Information subject to disclosure,

		(iii)	the Aircraft pricing to be provided to the Receiving Party.

 

Furthermore, the Buyer shall
use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the Agreement and/or
any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any governmental or
regulatory agency.

 

The Buyer agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.

 

The provisions of
this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery of the
last Aircraft to be delivered under the Amendment No.2.

 

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LETTER AGREEMENT N°
3 - D

 

If the foregoing correctly sets forth our understanding, please
execute three (3) 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

 

	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 	 
	CORPORATION LIMITED	 	 	 
	 	 	 	 
	Signature: 		 	Signature:	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 

 

	Witnessed and acknowledged,	 	 	 
	 	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION

	 	 	 
	 	 	 	 
	Signature:		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

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LETTER AGREEMENT N°
3 - E

 

CHINA EASTERN AIRLINES CORPORATION
LIMITED

Hongqiao International Airport,

No. 2550 Hongqiao Road,

Shanghai 200335,

People’s Republic of China

 

Subject:   A319-100
PERFORMANCE GUARANTEES (70t SHARKLETS)

 

China Eastern Airlines Corp. Ltd., (the
“Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft general terms agreement
(“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the “Purchase Agreement”)
on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the “Amendment No.1”) on
June 28th, 2012, hereinafter collectively referred to as the “Agreement”. The Buyer and the Seller
have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”), together
with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A319 Aircraft as described
in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized terms used herein and
not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment No.2 and the Agreement

 

Both parties agree that this Letter
Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No. 2 and shall be governed
by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If there is any inconsistency between
the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail to the extent of such inconsistency.

 

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	CT10002329 August 2012	 	Page 1/7

 

    	 

    	 

    

 

LETTER AGREEMENT N°
3 - E

 

		1	AIRCRAFT CONFIGURATION

 

The guarantees defined below
(the “Guarantees”) are applicable to the A319-100 Aircraft as described in a) the Standard Specification Ref. J 000 01000
Issue 7 dated 20th June 2011 or b) the Standard Specification Ref. J 000 01000 Issue 6 dated 1st March 2007, as amended
by Specification Change Notices (“SCN’s”) for:

 

		i)	2012 aircraft configuration including Sharklets

 

		ii)	the following design weights:

	Maximum Take-Off Weight (MTOW)	***
	Maximum Landing Weight (MLW)	***
	Maximum Zero Fuel Weight (MZFW)	***

 

		iii)	installation of following engines

 

		a)	CFM56-5B7/3 propulsion system

		b)	IAE V2527M-A5 propulsion system

 

without taking into account any
further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification’’ for the
purposes of this Letter Agreement).

 

		2	GUARANTEED PERFORMANCE

 

		2.1	Take-off Field Length

 

The JAR take-off field length
at an Aircraft gross weight of 70,000 kg at the start of Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.2	Second Segment Climb

 

The Aircraft shall meet JAR 25 regulations for one
engine inoperative climb after take- off, undercarriage retracted, at a weight corresponding to the stated weight at the start
of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration of flap angle and safety speed
required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR certified dry landing field length at an Aircraft
gross weight of 62,500 kg at Sea Level pressure altitude shall be not more than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		2.4	Cruise Specific Air Range

 

The average nautical miles per kilogram of fuel (average
SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude conditions given below:

 

	 	Gross Weight (kg)	Pressure Altitude (ft)	 
	 	 	 	 
	 	***	***	 

 

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LETTER AGREEMENT N°
3 - E

 

shall be not less than a guaranteed value of:

 

		a)	for CFM: ***

		b)	for IAE: ***

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The Seller guarantees a Manufacturer’s Weights
Empty as below:

 

	A319-100 CFM56-5B7/3	***
	A319-100 V2527M-A5	***

  

This is the Manufacturer’s Weights Empty of the Aircraft
as defined in Section 13- 10.0.00 of the Standard Specifications amended by the SCN’s defined in paragraph 1 of this Letter
Agreement and are subject to adjustment as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification requirements for the Aircraft, except where otherwise noted, will
be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off and landing performance a hard dry level runway surface with
no runway strength limitations, no line-up allowances, no obstacles, zero wind, atmosphere according to ISA, except as otherwise
noted, and the use of speed brakes, flaps, landing gear and engines in the conditions liable to provide the best results will be
assumed.

 

		4.2.1	When establishing take-off and second segment performance no air will be bled from the engines
for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance associated with the Guarantees will include allowances for
normal electrical load and for normal engine air bleed and power extraction associated with maximum cabin differential pressure
as defined in Section 21-30.31 of the Specification. Cabin air conditioning management during performance demonstration as described
in Subparagraph 5.3 below may be such as to optimize the Aircraft performance while meeting the minimum air conditioning requirements
defined above. Unless otherwise stated no air will be bled from the engines for anti-icing.

 

		4.4	The engines will be operated using not more than the engine manufacturer’s maximum recommended
outputs for take-off, maximum go-round, maximum continuous, maximum climb and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume the use of an approved fuel having a density of 6.70 lb
per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance assume a centre of gravity position of 25% MAC.

 

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LETTER AGREEMENT N°
3 - E

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be demonstrated using operating procedures and limitations
in accordance with those defined by the certifying Airworthiness Authority and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second segment and landing elements of the Guarantees will be demonstrated
with reference to the JAA approved Flight Manual.

 

		5.3	Compliance with those parts of the Guarantees defined in paragraph 2 above not covered by the requirements
of the certifying Airworthiness Authority shall be demonstrated by calculation based on data obtained during flight tests conducted
on one (or more, at the Seller’s discretion) A319-100 aircraft of the same aerodynamic configuration as the Aircraft purchased
by the Buyer and incorporated in the In-Flight Performance Program and data bases (“the IFP”) appropriate to the Aircraft.

 

		5.4	Compliance with the Manufacturer’s Weight Empty guarantees defined in Paragraph 3 shall be demonstrated
with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted as required using conventional methods of correction,
interpolation or extrapolation in accordance with established aeronautical practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not contingent on engine performance defined in the engine manufacturer’s
specification.

 

		5.7	The Seller undertakes to furnish the Buyer with a report or reports demonstrating compliance with
the Guarantees at, or as soon as possible after, the delivery of each of the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law, governmental regulation or requirement or interpretation
thereof (“Rule Change”) by any governmental agency made subsequent to the date of the Agreement and such rule change
affects the Aircraft configuration or performance or both required to obtain certification the Guarantees shall be appropriately
modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as described in paragraph 1 of this Letter Agreement and may
be adjusted in the event of:

 

		i)	Any further configuration change which is the subject of a SCN

		ii)	Variation in actual weights of items defined in Section 13-10 of the Standard Specification

		iii)	Changes required to obtain certification that cause modifications to the performance or weight
of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The Guarantees are exclusive
and are provided in lieu of any and all other performance and weight guarantees of any nature which may be stated, referenced or
incorporated in the Standard Specification or any other document.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-E A319 70t Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 4/7

 

    	 

    	 

    

  

LETTER
AGREEMENT N° 3 - E

 

		8	UNDERTAKING
                                                                                                          REMEDIES

 

Should
any Aircraft fail to meet any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours
to correct the deficiency to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and
make available corrective means (including but not limited to kits, procedures, adjustment of design weights) for the correction
of the above said deficiency within one (1) year from delivery of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the seller develops and makes available corrective means mentioned above the Seller
shall pay to the Buyer the monthly prorated portion of the yearly remedy due by the Seller on account of the year during which
the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-E A319 70t Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 5/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - E

 

		-	that any and all terms and conditions of the transaction contemplated
in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal Information”). The Buyer therefore
agrees to enter into consultations with the Seller reasonably in advance of any required disclosure of Personal Information to
financial institutions, including operating lessors, investment banks and their agents or other relevant institutions for aircraft
sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i) the
contact details of the Receiving Party,

(ii) the
extent of the Personal Information subject to disclosure,

(iii) the
Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of Delivery
of the last Aircraft to be delivered under the Amendment No.2.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-E A319 70t Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 6/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - E

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 
	CORPORATION LIMITED	 	 
	 	 	 
	
     Signature:		 	 Signature:	/s/ John LEAHY
	 	 	 
	Name:	 	 	Name: 	John LEAHY
	 	 	 
	Title:	 	 	Title: 	COO CUSTOMERS
	 	 	 
	Date: 23/11/2012	 	 
	 	 	 
	Witnessed and acknowledged,	 	 
	 	 	 
	CHINA EASTERN AVIATION 	 	 
	IMPORT AND EXPORT CORPORATION	 	 
	 	 	 
	Signature:		 	 
	 	 	 
	Name:	 	 	 
	 	 	 
	Title:	 	 	 

 

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-E A319 70t Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 7/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
 A320-200 PERFORMANCE GUARANTEES (Sharklets)

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement
(the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement
(the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
together with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A320 Aircraft
as described in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

	CES - A320    – AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 1/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

		1	AIRCRAFT CONFIGURATION

 

The
guarantees defined below (the “Guarantees”) are applicable to the A320-200 Aircraft as described in a) the Standard Specification
Ref. D 000 02000 Issue 8 dated 20th June 2011 or b) the Standard Specification Ref. D 000 02000 Issue 7 dated 1st March 2007, as
amended by Specification Change Notices (“SCN’s”) for:

 

i)   2012
aircraft configuration including Sharklets

 

ii)   installation
of following engines

a)   CFM56-5B4/3
propulsion system

b)   IAE
V2527-A5 propulsion system

 

without
taking into account any further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification”
for the purposes of this Letter Agreement).

 

		2	GUARANTEED
PERFORMANCE

 

		2.1	Take-off
Field Length

 

The
JAR take-off field length at an Aircraft gross weight of 73,500 kg at the start of Take-Off Distance Available (TODA) at Sea Level
pressure altitude in ISA+15°C conditions shall not be more than a guaranteed value of:

 

a)    for
CFM:    ***

b)    for
IAE:      ***

 

		2.2	Second Segment Climb

 

The Aircraft shall meet
JAR 25 regulations for one engine inoperative climb after take- off, undercarriage retracted, at a weight corresponding to the
stated weight at the start of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration of
flap angle and safety speed required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing Field Length

 

JAR
certified dry landing field length at an Aircraft gross weight of 64,500 kg at Sea Level pressure altitude shall be not more than
a guaranteed value of:

 

a)    for
CFM:    ***

b)    for
IAE:      ***

 

		2.4	Cruise Specific Air Range

 

The average nautical
miles per kilogram of fuel (average SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude conditions
given below:

 

	Gross Weight (kg)	Pressure Altitude (ft)
	 	 
	***	***

 

shall
be not less than a guaranteed value of:

 

		a)	for CFM: ***
	 	b)	for IAE:   ***

 

	CES - A320
    – AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 2/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

		3	MANUFACTURER’S WEIGHT EMPTY

 

The Seller guarantees
a Manufacturer’s Weights Empty as below:

 

A320-200 CFM56-5B4/3             ***

 

A320-200 V2527-A5                    ***

 

These
are the Manufacturer’s Weights Empty of the Aircraft as defined in Section 13-10.00.00
of the Standard Specifications amended by the SCN’s defined in paragraph 1 of this Letter Agreement and are subject to adjustment
as defined in paragraph 6.2.

 

		4	GUARANTEE
                                                          CONDITIONS

 

		4.1	The performance certification requirements
for the Aircraft, except where otherwise noted, will be as stated in Section 02 of the Standard Specification.

 

		4.2	For the determination of JAR take-off
and landing performance a hard dry level runway surface with no runway strength limitations, no line-up allowances, no obstacles,
zero wind, atmosphere according to ISA, except as otherwise noted, and the use of speed brakes, flaps, landing gear and engines
in the conditions liable to provide the best results will be assumed.

 

		4.2.1	When establishing take-off and second
segment performance no air will be bled from the engines for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance
associated with the Guarantees will include allowances for normal electrical load and for normal engine air bleed and power extraction
associated with maximum cabin differential pressure as defined in Section 21-30.31 of the Specification. Cabin air conditioning
management during performance demonstration as described in Subparagraph 5.3 below may be such as to optimize the Aircraft performance
while meeting the minimum air conditioning requirements defined above. Unless otherwise stated no air will be bled from the engines
for anti-icing.

 

		4.4	The engines will be operated using not
more than the engine manufacturer’s maximum recommended outputs for take-off, maximum go-round, maximum continuous, maximum
climb and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume
the use of an approved fuel having a density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance
assume a centre of gravity position of 33% MAC.

 

		5	GUARANTEE COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be
demonstrated using operating procedures and limitations in accordance with those defined by the certifying Airworthiness Authority
and by the Seller unless otherwise stated.

 

	5.2		Compliance with the take-off, second segment and landing elements of the Guarantees will be
                                                                              demonstrated with reference to the JAA approved Flight Manual.

 

	CES - A320
    –  AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 3/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

		5.3	Compliance with those parts of the Guarantees
defined in paragraph 2 above not covered by the requirements of the certifying Airworthiness Authority shall be demonstrated by
calculation based on data obtained during flight tests conducted on one (or more, at the Seller’s discretion) A320-200 aircraft
of the same aerodynamic configuration as the Aircraft purchased by the Buyer and incorporated in the In-Flight Performance Program
and data bases (“the IFP”) appropriate to the Aircraft.

 

		5.4	Compliance with the Manufacturer’s
Weight Empty guarantees defined in Paragraph 3 shall be demonstrated with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted
as required using conventional methods of correction, interpolation or extrapolation in accordance with established aeronautical
practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not
contingent on engine performance defined in the engine manufacturer’s specification.

 

		5.7	The Seller undertakes to furnish
                                                                               the Buyer with a report or reports demonstrating compliance
with the Guarantees at, or as soon as possible after, the delivery of each of the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law,
governmental regulation or requirement or interpretation thereof (“Rule Change”) by any governmental agency made subsequent
to the date of the Agreement and such rule change affects the Aircraft configuration or performance or both required to obtain
certification the Guarantees shall be appropriately modified to reflect the effect of any such change.

 

		6.2	The Guarantees apply to the Aircraft as
described in paragraph 1 of this Letter Agreement and may be adjusted in the event of:

 

		i)	Any
further configuration change which is the subject of a SCN

		ii)	Variation
in actual weights of items defined in Section13-10 of the Standard Specification

		iii)	Changes required to obtain certification
that cause modifications to the performance or weight of the Aircraft

 

		7	EXCLUSIVE GUARANTEES

 

The
Guarantees are exclusive and are provided in lieu of any and all other performance and weight guarantees of any nature which may
be stated, referenced or incorporated in the Standard Specification or any other document.

 

		8	UNDERTAKING REMEDIES

 

Should
any Aircraft fail to meet any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours
to correct the deficiency to comply with the subject guarantee.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 4/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

		8.1	Should the Seller fail to develop and
make available corrective means (including but not limited to kits, procedures, adjustment of design weights) for the correction
of the above said deficiency within one (1) year from delivery of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In
the event the Seller develops and makes available corrective means mentioned above
the Buyer shall reimburse to the Seller the monthly prorated portion of the yearly penalty
paid by the Seller on account of the year during which the corrective means are made available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

	CES - A320
    –  AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 5/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i) the
contact details of the Receiving Party,

(ii) the
extent of the Personal Information subject to disclosure,

(iii) the
Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause Shall survive any termination of this Letter Agreement for a period of *** after t the date of
Delivery of the last Aircraft to be delivered under the Amenament No.2.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-F A320 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 6/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - F

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 
	CORPORATION LIMITED	 	 
	 	 	 
	
     Signature:		 	 Signature:	/s/ John LEAHY
	 	 	 
	Name:	 	 	Name: 	John LEAHY
	 	 	 
	Title:	 	 	Title: 	COO - CUSTOMERS
	 	 	 
	Date: 23/11/2012	 	 
	 	 	 
	Witnessed and acknowledged,	 	 
	 	 	 
	CHINA EASTERN AVIATION 	 	 
	IMPORT AND EXPORT CORPORATION	 	 
	 	 	 
	Signature:		 	 
	 	 	 
	Name:	 	 	 
	 	 	 
	Title:	 	 	 

 

	CES - A320 – AM2 to 2010 A320 PA 	LA No.3-F A320 Sharklet perfo	Private & Confidential
	
         CT10002329 August 2012
	Page 7/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
A321-200 PERFORMANCE GUARANTEES (SHARKLETS)

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement
(the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement
(the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
together with the Agreement cover the manufacture and the sale by the Seller and the purchase by the Buyer of the A321 Aircraft
as described in the Specification annexed to the Agreement and/or the Amendment No.2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

	CES - A320 – AM2 to 2010 A320 PA 	LA No.3-G A321 Sharklet perfo	Private & Confidential
	
         CT10002329 August 2012
	Page 1/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

		1	AIRCRAFT
                                                                                CONFIGURATION

 

The
guarantees defined below (the “Guarantees”) are applicable to the A321-200 Aircraft as described in a) the Standard
Specification Ref. E 000 02000 Issue 5 dated 20th June 2011 or b) the Standard Specification Ref. E 000 02000 Issue 4 dated 1st
March 2007, as amended by Specification Change Notices (“SCN’s”) for:

 

i)   2012
aircraft configuration including Sharklets

 

ii)   installation
of following engines

 

a)   CFM56-5B3/3
propulsion system

b)   IAE
V2533-A5 propulsion system

 

without
taking into account any further changes thereto as provided in the Agreement and/or in the Amendment No.2 (the “Specification”
for the purposes of this Letter Agreement).

 

		2	GUARANTEED
                                                                                PERFORMANCE

 

		2.1	Take-off
Field Length

 

The
JAR take-off field length at an Aircraft gross weight of 89,000 kg at the start of Take-Off Distance Available (TODA) at Sea Level
pressure altitude in ISA+15°C conditions shall not be more than a guaranteed value of:

 

		a)	for CFM:       ***

		b)	for IAE:         ***

 

		2.2	Second
Segment Climb

 

The Aircraft shall meet
JAR 25 regulations for one engine inoperative climb after take- off, undercarriage retracted, at a weight corresponding to the
stated weight at the start of Take-Off Distance Available (TODA), at the altitude and temperature, and in the configuration of
flap angle and safety speed required to comply with the performance guaranteed in paragraph 2.1 above.

 

		2.3	Landing
Field Length

 

JAR
certified dry landing field length at an Aircraft gross weight of 75,500 kg at Sea Level pressure altitude shall be not more than
a guaranteed value of:

 

		a)	for CFM:       ***

		b)	for IAE:         ***

 

		2.4	Cruise
Specific Air Range

 

The average nautical
miles per kilogram of fuel (average SAR) at a true Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude conditions
given below:

 

	 Gross Weight (kg)	Pressure Altitude (ft)
	 	 
	***	***

 

	CES - A320 – AM2 to 2010 A320 PA 	LA No.3-G A321 Sharklet perfo	Private & Confidential
	
         CT10002329 August 2012
	Page 2/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

shall
be not less than a guaranteed value of:

 

		a)	for CFM:       ***

		b)	for IAE:         ***

 

		3	MANUFACTURER’S
                                                          WEIGHT EMPTY

 

The
Seller guarantees a Manufacturer’s Weights Empty as below:

 

A321-200 CFM56-5B3/3        ***

A321-200 V2533-A5               ***

 

These
are the Manufacturer’s Weights Empty of the Aircraft as defined in Section 13-10.0.00
of the Standard Specifications amended by the SCN’s defined in paragraph 1 of this Letter Agreement and are subject to adjustment
as defined in paragraph 6.2.

 

		4	GUARANTEE CONDITIONS

 

		4.1	The performance certification
                                                                              requirements for the Aircraft, except where otherwise noted, will be as stated in Section 02 of the Standard
                                                                              Specification.

 

		4.2	For the determination of JAR take-off
and landing performance a hard dry level runway surface with no runway strength limitations, no line-up allowances, no obstacles,
zero wind, atmosphere according to ISA, except as otherwise noted, and the use of speed brakes, flaps, landing gear and engines
in the conditions liable to provide the best results will be assumed.

 

		4.2.1	When establishing take-off and second
segment performance no air will be bled from the engines for cabin air conditioning or anti-icing.

 

		4.3	Climb, cruise and descent performance
associated with the Guarantees will include allowances for normal electrical load and for normal engine air bleed and power extraction
associated with maximum cabin differential pressure as defined in Section 21-30.31 of the Specification. Cabin air conditioning
management during performance demonstration as described in Subparagraph 5.3 below may be such as to optimize the Aircraft performance
while meeting the minimum air conditioning requirements defined above. Unless otherwise stated no air will be bled from the engines
for anti-icing.

 

		4.4	The engines will be operated using not
more than the engine manufacturer’s maximum recommended outputs for take-off, maximum go-round, maximum continuous, maximum climb
and cruise for normal operation.

 

		4.5	Where applicable the Guarantees assume the use of an approved fuel having a density of 6.70 lb
per US gallon and a lower heating value of 18,590 BTU per lb. Cruise performance assume a centre of gravity position of 25% MAC.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-G A321 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 3/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

		5	GUARANTEE
                                                            COMPLIANCE

 

		5.1	Compliance with the Guarantees shall be
demonstrated using operating procedures and limitations in accordance with those defined by the certifying Airworthiness Authority
and by the Seller unless otherwise stated.

 

		5.2	Compliance with the take-off, second segment
and landing elements of the Guarantees will be demonstrated with reference to the JAA approved Flight Manual.

 

		5.3	Compliance with those parts of the Guarantees
defined in paragraph 2 above not covered by the requirements of the certifying Airworthiness Authority shall be demonstrated by
calculation based on data obtained during flight tests conducted on one (or more, at the Seller’s discretion) A321-200 aircraft
of the same aerodynamic configuration as the Aircraft purchased by the Buyer and incorporated in the In-Flight Performance Program
and data bases (“the IFP”) appropriate to the Aircraft.

 

		5.4	Compliance with the Manufacturer’s Weight
Empty guarantees defined in Paragraph 3 shall be demonstrated with reference to a Weight Compliance Report.

 

		5.5	Data derived from tests will be adjusted
as required using conventional methods of correction, interpolation or extrapolation in accordance with established aeronautical
practices to show compliance with the Guarantees.

 

		5.6	Compliance with the Guarantees is not
contingent on engine performance defined in the engine manufacturer’s specification.

 

		5.7	The Seller undertakes to furnish the Buyer
with a report or reports demonstrating compliance with the Guarantees at, or as soon as possible after, the delivery of each of
the Buyer’s Aircraft.

 

		6	ADJUSTMENT OF GUARANTEES

 

		6.1	In the event of any change to any law,
governmental regulation or requirement or interpretation thereof (“Rule Change”) by any governmental agency made subsequent
to the date of the Agreement and such rule change affects the Aircraft configuration or performance or both required to obtain
certification the Guarantees shall be appropriately modified to reflect the effect of any such change.

 

		6.2	The
Guarantees apply to the Aircraft as described in paragraph 1 of this Letter Agreement and may be adjusted in the event of:

 

		i)	Any
further configuration change which is the subject of a SCN

		ii)	Variation
in actual weights of items defined in Section 13-10 of the Standard Specification

		iii)	Changes required to obtain certification that cause modifications
to the performance or weight of the Aircraft

 

		7	EXCLUSIVE
GUARANTEES

 

The
Guarantees are exclusive and are provided in lieu of any and all other performance and weight guarantees of any nature which may
be stated, referenced or incorporated in the Standard Specification or any other document.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-G A321 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 4/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

		8	UNDERTAKING REMEDIES

 

Should
any Aircraft fail to meet any of the Guarantees contained in this Letter Agreement, the Seller will use its reasonable endeavours
to correct the deficiency to comply with the subject guarantee.

 

		8.1	Should the Seller fail to develop and
make available corrective means (including but not limited to kits, procedures, adjustment of design weights) for the correction
of the above said deficiency within one (1) year from delivery of the affected Aircraft, then the Seller shall in respect of such
Aircraft pay to the Buyer by way of liquidated damages subject to Seller’s maximum liability set forth hereunder on the anniversary
date of the delivery for as long as the deficiency remains, the following amounts:

 

		8.2.1.	***

 

		8.2.2.	***

 

		8.3.	In the event the Seller develops and
                                                                               makes available corrective means mentioned above the Buyer shall reimburse to the Seller the monthly prorated
                                                                               portion of the yearly penalty paid by the Seller on account of the year during which the corrective means are made
                                                                               available.

 

		8.4	***

 

		9	ASSIGNMENT

 

Notwithstanding
any other provision of this Letter Agreement, the Amendment No.2 or 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.

 

		10	CONFIDENTIALITY

 

This
Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or
in part to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

 

In
particular, both Parties agree:

 

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-G A321 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 5/7

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

		-	that any and all terms and
                                                           conditions of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to the Buyer, (the
                                                           “Personal Information”).
The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required disclosure of Personal
Information to financial institutions, including operating lessors, investment banks and their agents or other relevant institutions
for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

(i) the
contact details of the Receiving Party,

(ii) the
extent of the Personal Information subject to disclosure,

(iii) the
Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Amendment No.2, the
Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any
governmental or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement for a period of *** after t the date of
Delivery of the last Aircraft to be delivered under the Amendment No.2.

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-G A321 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 6/7

 

 

    	 

    	 

    

 

LETTER
AGREEMENT N° 3 - G

 

If the foregoing correctly
sets forth our understanding, please execute three (3) 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
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 
	CORPORATION LIMITED	 	 
	 	 	 
	
     Signature:		 	 Signature:	/s/ John LEAHY
	 	 	 
	Name:	 	 	Name: 	John LEAHY
	 	 	 
	Title:	 	 	Title: 	COO
    - CUSTOMERS
	 	 	 
	Date: 23/11/2012	 	 
	 	 	 
	Witnessed and acknowledged,	 	 
	 	 	 
	CHINA EASTERN AVIATION 	 	 
	IMPORT AND EXPORT CORPORATION	 	 
	 	 	 
	Signature:		 	 
	 	 	 
	Name:	 	 	 
	 	 	 
	Title:	 	 	 

 

	CES - A320 – AM2 to 2010 A320 PA	LA No.3-G A321 Sharklet perfo	Private & Confidential
	CT10002329 August 2012	 	Page 7/7

 

    	 

    	 

    

 

LETTER
AGREEMENT 4

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No.
2550 Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
Approval

 

China
Eastern Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into an aircraft general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement
(the “Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement
(the “Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
which cover the manufacture and the sale by the Seller and the purchase by the Buyer of the Second Batch Aircraft as described
in the Amendment No. 2.

 

Capitalized
terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment
No.2 and the Agreement

 

Both
parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment
No. 2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.

 

If
there is any inconsistency between the Amendment No. 2 and/or the Agreement and this Letter Agreement, the latter shall prevail
to the extent of such inconsistency.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
	CT1002329 – August 2012	 
	LA4	Page 1/4

 

 

    	 

    	 

    

 

LETTER
AGREEMENT 4

 

		1.	Listing Matters

 

The
Buyer confirms that it is a listed issuer of equity securities at The Stock Exchange of Hong Kong Limited (the “Hong
Kong Stock Exchange”) and Stock Exchange of Shanghai Limited (the “Shanghai Stock Exchange” collectively
the “Stock Exchanges”). The Buyer confirms that; i) under the relevant governing rules of the Stock Exchanges,
Buyer’s purchase of the Aircraft may be a transaction classified as a “notifiable transaction”, ii) such classification
by the Stock Exchanges requires the Buyer to comply with the certain disclosure and shareholder approval requirements regarding
the purchase of the Aircraft.

 

		2.	Shareholder Approval.

 

The
parties understand that the rules of the Stock Exchanges require that, any applicable transaction must be approved by a Buyer’s
shareholders general meeting. If required, shareholders approval for the purchase by the Buyer of the Aircraft shall be obtained,
following the applicable laws and regulations, including the requirements and procedures defined under the Hong Kong and Shanghai
lising rules and the articles of associatikon of the Buyer, as soon as practicable after the signing of Amendment No.2 to the Agreement.
The Buyer confirms that it has obtained from its controlling shareholder (which owns or controls more than 50% of the Buyer’s
total share capital) written approval for the Amendment No. 2 to the Agreement.

 

		3.	Government Approval.

 

***

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
	CT1002329 – August 2012	 
	LA4	Page 2/4

 

    	 

    	 

    

 

LETTER
AGREEMENT 4

 

		4.	Assignment

 

Notwithstanding
any other provision of this Letter Agreement No8, the AGTA or the Purchase Agreement, this Letter Agreement No8 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.

 

		5.	Confidentiality

 

This
Letter Agreement No8 (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their
respective obligations under this Letter Agreement 9 shall be
treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may be
required by law (provided that the Buyer or the Seller, as the case may be, shall use its reasonable efforts to obtain
assurance that such information will be treated confidentially) or by the Stock Exchange, or to auditors, legal or tax
advisors for the purpose of implementation hereof.

 

In
particular, both Parties agree:

 

		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement No8 without the prior written consent of the
other Party hereto.

 

		-	that any and all terms and conditions
of the transaction contemplated in this Letter Agreement No8 are strictly personal and exclusive to the Buyer, (the “Personal
Information”). The Buyer therefore agrees to enter into consultations with the Seller reasonably in advance of any required
disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or
other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
“Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

		(i)	the contact details of the Receiving Party,

		(ii)	the extent of the Personal Information
subject to disclosure,

		(iii)	the Aircraft pricing to be provided to
the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this AGTA and/or any Purchase Agreement to the
extent legally permissible in any filing required to be made by the Buyer with any governmental or regulatory agency. The Buyer
agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions
of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Letter Agreement No8 for a period of *** after the date of Delivery
of the last Aircraft to be delivered under the Purchase Agreement.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	Private & Confidential
	CT1002329 – August 2012	 
	LA4	Page 3/4

 

    	 

    	 

    

  

LETTER
AGREEMENT 4

 

If the foregoing correctly sets
forth our understanding, please execute three (3) originals in the space provided below and return one (1) original of this Letter
Agreement No8 to the Seller.

 

	Agreed and accepted,	 	Agreed and accepted,
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES

CORPORATION LIMITED	 	AIRBUS S.A.S.
	 	 	 	 	 
	Signature:  		 	Signature:  	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date:	23/11/2012	 	 	 
	 	 	 	 	 
	Witnessed and acknowledged,	 	 	 
	 	 	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION	 	 	 
	 	 	 	 	 
	Signature:		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

	CES
    - A320 –  Amendment No 2 to 2010 A320 PA   	Private & Confidential
	CT1002329 – August 2012	 
	LA4	Page 4/4

 

    	 

    	 

    

 

SIDE
LETTER N° 1

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No. 2550
Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
Additional Incentives

 

China Eastern
Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft
general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the “Purchase
Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the “Amendment
No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”. The
Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
which cover the manufacture and the sale by the Seller and the purchase by the Buyer of the Second Batch Aircraft as described
in the Amendment No. 2

 

Capitalized
terms used herein and not otherwise defined in this Side Letter shall have the meanings assigned thereto in the Amendment No.2
and the Agreement

 

Both parties
agree that this Side Letter, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No. 2 and
shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Side Letter.

 

If there is any inconsistency
between the Amendment No. 2 and/or the Agreement and this Side Letter, the latter shall prevail to the extent of such inconsistency.

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 1/6

 

    	 

    	 

    

 

SIDE
LETTER N° 1

 

		1	2016 CEO Deliveries Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft whose Scheduled Delivery Quarter set out in Clause
4 of Amendment No.2 is within 2016, a credit memorandum (the “2016 CEO Deliveries Credit Memorandum”) in an
amount of:

 

***

 

		2	2017 CEO Deliveries Credit Memorandum

 

The
Seller shall grant to the Buyer, at Delivery of each Second Batch Aircraft which Scheduled Delivery Quarter set out in Clause
4 of Amendment No.2 is within 2017, a credit memorandum (the “2017 CEO Deliveries Credit Memorandum”) in an
amount of:

 

***

 

		3	Full Flight Simulator Credit Memorandum

 

To
contribute to the acquisition of an A320 family Level “D” Flight Simulator (the “FFS”), the Seller shall
grant to the Buyer a full flight simulator credit memorandum (hereinafter the “FFS Credit Memorandum”) in a flat amount
of:

 

***

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 2/6

 

    	 

    	 

    

 

SIDE
LETTER N° 1

  

		4	A319 High Altitude Credit Memorandum

 

Pursuant
to Amendment No 2. to the Purchase Agreement, the Seller shall sell and the Buyer shall purchase and take Delivery of sixty (60)
Second Batch Aircraft, some of which may be A319 model aircraft (hereinafter the “Eligible Aircraft”).

 

***

 

	CES - A320 – Amendment
    No     2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 3/6

 

    	 

    	 

    

 

SIDE
LETTER N° 1

  

		5	Assignment

 

Notwithstanding
any other provision of this Side Letter, the Amendment No.2 or the Agreement, this Side Letter 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.

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 4/6

 

    	 

    	 

    

 

SIDE
LETTER N° 1

 

		6	Confidentiality

 

This
Side Letter (and its existence) (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 written 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 written consent of the other party.

 

This
Side Letter (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Side Letter shall be treated by both Parties as confidential and shall not be released in whole or in part
to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Side Letter without the prior written consent of the other Party hereto.

		-	that any and all terms and conditions of the transaction contemplated in this Side Letter are strictly
personal and exclusive to the Buyer, (the “Personal Information”). The Buyer therefore agrees to enter into consultations
with the Seller reasonably in advance of any required disclosure of Personal Information to financial institutions, including operating
lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or any other Aircraft
or Predelivery Payment financing purposes (the “Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

		(i)	the contact details of the Receiving Party,

		(ii)	the extent of the Personal Information subject to disclosure,

		(iii)	the Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Side Letter, the Amendment No.2, the Agreement
and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any governmental
or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Side Letter for
a period of *** after t the date of Delivery of the last Aircraft to be delivered under the Amendment No.2.

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 5/6

 

    	 

    	 

    

 

SIDE
LETTER N° 1

 

If the foregoing
correctly sets forth our understanding, please execute three (3) originals in the space provided below and return one (1) original
of this Side Letter to the Seller.

 

	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	 	 	 
	CORPORATION LIMITED	 	 
	 	 	 	 	 
	Signature:  		 	Signature:  	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name: 	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date: 	23/11/2012	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witnessed and acknowledged,	 	 	 
	 	 	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION	 	 	 
	 	 	 	 	 
	Signature:		 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title:	 	 	 	 

 

	CES - A320 - Amendment No
    2 to 2010 A320 PA	SL No.1	Private & Confidential
	CT10002329 August 2012	 	Page 6/6

 

    	 

    	 

    

 

SIDE
LETTER N° 2

 

CHINA
EASTERN AIRLINES CORPORATION LIMITED

Hongqiao
International Airport,

No. 2550
Hongqiao Road,

Shanghai
200335,

People’s
Republic of China

 

Subject:
Fleet Rationalisation

 

China Eastern
Airlines Corp. Ltd., (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an aircraft
general terms agreement (“AGTA”) on June 15th, 2009, an A320 family purchase agreement (the
“Purchase Agreement”) on December 30th, 2010, and an amendment No.1 to the Purchase Agreement (the
“Amendment No.1”) on June 28th, 2012, hereinafter collectively referred to as the “Agreement”.
The Buyer and the Seller have entered on even date herewith into an amendment No.2 to the Agreement (the “Amendment No.2”),
which cover the manufacture and the sale by the Seller and the purchase by the Buyer of the Second Batch Aircraft as described
in the Amendment No. 2

 

Capitalized
terms used herein and not otherwise defined in this Side Letter shall have the meanings assigned thereto in the Amendment No.2
and the Agreement

 

Both parties
agree that this Side Letter, upon execution thereof, shall constitute an integral, nonseverable part of said Amendment No. 2 and
shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Side Letter.

 

If there
is any inconsistency between the Amendment No. 2 and/or the Agreement and this Side Letter, the latter shall prevail to the extent
of such inconsistency.

 

	CES - A320 – Amendment N° 2 to 2010 A320 PA	SL No.2	Private & Confidential
	CT10002329 August 2012	 	Page 1/4

 

    	 

    	 

    

 

SIDE
LETTER N° 2

 

		1	Replacement of Side Letter 4

 

Side
Letter No. 4 to the Purchase Agreement is hereby deleted and replaced by the terms set forth in clause 2 herein.

 

		2	Fleet Expansion Credit Memorandum

 

		2.1	In consideration of the Buyer adding
                                                           at least twenty-four (24) newly manufactured, incremental, A330 model
                                                           aircraft, A350 model aircraft and/or A380 model aircraft (collectively
                                                           the “Wide Body Aircraft”) to its fleet and subject
                                                           to (i) the Buyer and the Seller entering into fully binding purchase
                                                           agreements for the manufacturing by the Seller and the purchase by
                                                           the Buyer of such Wide Body Aircraft (the “Incremental PAs”),
                                                           where up to four (4) of the twenty-four (24) Wide Body Aircraft being
                                                           alternatively subject to the Buyer entering binding lease agreements
                                                           (the “Incremental Leases”), with such Incremental
                                                           PAs and Incremental Leases entering into force after the date of the
                                                           Purchase Agreement, and before 1st June 2013 (the “Expiry
                                                           Date”), and (ii) the Seller having received all predelivery
                                                           payments due in accordance with the relevant terms of such Incremental
                                                           PAs; then the Seller shall grant to the Buyer, at Delivery of each
                                                           First Batch Aircraft delivered after entry into force of the Incremental
                                                           PAs and Incremental Leases, a Fleet Expansion Credit Memorandum in
                                                           a fixed amount of:

 

USD 920,000

(US Dollars five hundred thousand)

 

This
Fleet Expansion Credit Memorandum shall be applied against the Final Price of the relevant First Batch Aircraft or may be used
for the purchase of Goods and Services from the Seller or its Subsidiaries.

 

		2.2	In the event that any of the conditions set forth in clause 2.1 herein have not been met at the
time of delivery of a First Batch Aircraft, then no Fleet Expansion Credit shall be earned or granted on such Aircraft.

 

		3	Fleet Replacement Assistance

 

In
consideration of the Buyer entering into the Amendment No 2 to the Agreement and performing its obligations thereunder with regard
to the purchase by the Buyer of each of the Second Batch Aircraft, the Seller is prepared subject to the terms and conditions set
forth in the sale and purchase agreement, reference CT1242070 dated on even date herewith, to procure the purchase from the Buyer
of eight (8) Bombardier CRJ- 200 and ten (10) Embraer ERJ-145 aircraft in 2014, 2015 and 2016.

 

		4	Assignment

 

Notwithstanding
any other provision of this Side Letter, the Amendment No.2 or the Agreement, this Side Letter 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 theprovisions of this Clause shall be void and of no force or effect.

 

		5	Confidentiality

 

This
Side Letter (and its existence) (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 written 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 written consent of the other party.

 

	CES - A320 – Amendment No 2 to 2010 A320 PA	SL No.2	Private & Confidential
	CT10002329 August 2012	 	Page 2/4

 

    	 

    	 

    

 

SIDE
LETTER N° 2

 

This
Side Letter (and its existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective
obligations under this Side Letter shall be treated by both Parties as confidential and shall not be released in whole or in part
to any third party except as may be required by law, or to auditors, legal or tax advisors for the purpose of implementation hereof.

 

In
particular, both Parties agree:

		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Side Letter without the prior written consent of the other Party hereto.

		-	that any and all terms and conditions of the transaction contemplated in this Side Letter are strictly
personal and exclusive to the Buyer, (the “Personal Information”). The Buyer therefore agrees to enter into consultations
with the Seller reasonably in advance of any required disclosure of Personal Information to financial institutions, including operating
lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or any other Aircraft
or Predelivery Payment financing purposes (the “Receiving Party”).

 

Without
prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between
the Buyer and the Seller, including in particular, but not limited to:

 

		(i)	the contact details of the Receiving Party,

		(ii)	the extent of the Personal Information subject to disclosure,

		(iii)	the Aircraft pricing to be provided to the Receiving Party.

 

Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of this Side Letter, the Amendment No.2, the Agreement
and/or any Purchase Agreement to the extent legally permissible in any filing required to be made by the Buyer with any governmental
or regulatory agency.

 

The
Buyer agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms
and conditions of the document to be filed or disclosed.

 

The
provisions of this Clause shall survive any termination of this Side Letter for a period of twelve (12) years after t the date
of Delivery of the last Aircraft to be delivered under the Amendment No.2.

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.2	Private & Confidential
	CT10002329 August 2012	 	Page 3/4

 

    	 

    	 

    

 

SIDE
LETTER N° 2

 

If the foregoing correctly sets
forth our understanding, please execute three (3) originals in the space provided below and return one (1) original of this Side
Letter to the Seller.

 

	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES

CORPORATION LIMITED	 	AIRBUS S.A.S.
	 	 	 	 	 
	Signature:  		 	Signature:  	/s/ John LEAHY
	 	 	 	 	 
	Name:	 	 	Name:	John LEAHY
	 	 	 	 	 
	Title:	 	 	Title:	COO - CUSTOMERS
	 	 	 	 	 
	Date:	23/11/2012	 	 	 
	 	 	 
	Witnessed and acknowledged,	 	 
	 	 	 
	CHINA EASTERN AVIATION

IMPORT AND EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:		 	 
	 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Title:	 	 	 

 

	CES - A320 – Amendment No
    2 to 2010 A320 PA	SL No.2	Private & Confidential
	CT10002329 August 2012	 	Page 4/4ACQUISITION
AGREEMENT

 

for

 

USED AIRCRAFT

 

between

 

BOEING AIRCRAFT
HOLDING COMPANY

 

and

 

CHINA EASTERN
AIRLINES CORPORATION, LTD.

 

Relating
to Five (5) Airbus Model A340-642 Aircraft

 

Agreement
No. A0175/CEA-01

 

with China
Eastern Aviation Import & Export Corporation as Consenting Party

 

    	Acq. Agmt. No. A0175/CEA-01

    	 

    

 

TABLE
OF CONTENTS

 

	 	 	 	
        Page

        Number

	 	 	 	 
	Article 1.	 	Subject Matter of Sale	1
	Article 2.	 	Delivery of Used Aircraft; Title and Risk of Loss	2
	Article 3.	 	Purchase Price of Used Aircraft	4
	Article 4.	 	Payment	4
	Article 5.	 	Condition of Used Aircraft	5
	Article 6.	 	Aircraft Documentation and Safety Devices	8
	Article 7.	 	Inspection, Technical Acceptance, and Flights	8
	Article 8.	 	Indemnification and Insurance	9
	Article 9.	 	Manufacturer’s Warranties	10
	Article 10.	 	Warranty and Disclaimer	10
	Article 11.	 	Excusable Delay and Termination	11
	Article 12.	 	Assignment	11
	Article 13.	 	Taxes and Customs Duties	12
	Article 14.	 	Reserved	13
	Article 15.	 	Notices and Requests	13
	Article 16.	 	Reserved	14
	Article 17.	 	Miscellaneous	14
	 	 	 	 
	Exhibit A.	 	Bill of Sale	A-l
	Exhibit B.	 	Used Aircraft and Aircraft Documentation Delivery Receipt	B-1
	Exhibit C.	 	Aircraft Documentation	C-1

 

    	Acq. Agmt. No. A0175/CEA-01	(i)	 

    	 

    

 

ACQUISITION
AGREEMENT FOR

 

USED
AIRCRAFT NO. A0175/CEA-01

 

Relating
to Five (5) Airbus

 

Model
A340-642 Aircraft

 

 

  

THIS
Used Aircraft Acquisition Agreement (the Agreement) is entered into as of _________________, 2012, by and between Boeing Aircraft Holding
Company, a Delaware corporation with its principal office in Seattle, Washington (“Boeing”) and China Eastern Airlines
Corporation, Ltd. a Chinese company whose principal place of business is at 2550 Hong Qiao Road, Hong Qiao International Airport,
Shanghai, 200355, People’s Republic of China (“Seller”).

 

RECITALS

 

A.           Seller
and Boeing have entered into Purchase Agreement No. 03746 (the “Purchase Agreement”) for the purchase and sale of twenty
(20) new Boeing Model 777- 300ER aircraft (the “New Aircraft”).

 

B.            Seller
is the owner of five (5) Airbus Model A340-642 used aircraft which Seller desires to sell to Boeing and Boeing is willing to purchase
contingent on Seller’s purchase and acceptance of the New Aircraft,

 

Accordingly,
Boeing and Seller agree as follows:

 

Article
  1.             Subject Matter of Sale.

 

1.1          Sale
of Used Aircraft. Seller will sell and deliver to Boeing and Boeing will purchase from Seller the Used Aircraft as hereinafter
defined.

 

1.2          Used
Aircraft. The term “Used Aircraft” means the five (5) Airbus Model A340-642 aircraft bearing Manufacturer’s
Serial Numbers set forth in Article 2.1, including;

 

1.2.1      the
four (4) installed Rolls Royce Model Trent 556-61 engines on each Used Aircraft;

 

1.2.2      the
equipment, accessories, parts and other property installed in or appurtenant to each Used Aircraft at the time of delivery to Boeing
or otherwise in accordance with this Agreement; and

 

    	Acq. Agmt. No. A0175/CEA-01	1	 

    	 

    

 

1.2.3      all
Aircraft Documentation as hereinafter defined applicable to each Used Aircraft.

 

1.3          Purchase
of New Aircraft. ***

 

1.4          Seller’s
Ownership of Used Aircraft. Seller will have acquired free and clear title to such Used Aircraft prior to delivery to Boeing.

 

1.5          Seller’s
Option and Notice. Upon execution of this Agreement, Seller elects to sell the Used Aircraft to Boeing (Election Notice).

 

Not
less than *** prior to the delivery of the Used Aircraft to Boeing, Seller may elect to retain the Used Aircraft by providing to
Boeing written advance notice of such election (Notice to Retain Used Aircraft). In the event a Notice to Retain Used Aircraft
is received by Boeing from Seller, the Special Matters Letter Agreement CEA-PA-03746-1107152 will be required to be revised. If
Notice to Retain Used Aircraft is not received by Boeing, Boeing will have the exclusive right to sell or dispose of such Used
Aircraft.

 

Article  
2.             Delivery of Used Aircraft; Title and Risk of Loss.

 

2.1          Time
of Delivery. Delivery of each Used Aircraft will occur on a four-for-one basis of New Aircraft to Used Aircraft (unless an
aircraft substitution is exercised in accordance with the Purchase Agreement (as the same may be amended or supplemented from time
to time), and a new ratio determined) and will commence after delivery of the corresponding New Aircraft as listed below. If there
is a change to the Used Aircraft Delivery Date in the table below, Seller will notify Boeing of the actual delivery date (day,
month, and year) of each Used Aircraft at least ninety (90) days prior to the actual delivery date.

 

	Used Aircraft 
 Model	 	 	Used Aircraft 
 Serial 
 Number	 	 	Corresponding 
 New Aircraft 
 Delivery Date	 	Used Aircraft Delivery 
 Date
	A340-642	 	 	468	 	 	September 2014	 	November 26, 2014
	A340-642	 	 	488	 	 	November 2014	 	January 29, 2015
	A340-642	 	 	514	 	 	December 2014	 	March 31, 2015
	A340-642	 	 	577	 	 	March 2015	 	May 28, 2015
	A340-642	 	 	586	 	 	June 2015	 	July 30, 2015

 

2.2           Place
of Delivery. Each Used Aircraft will be delivered by Seller to Boeing in Shanghai, China. ***

 

    	Acq. Agmt. No. A0175/CEA-01	2	 

    	 

    

 

***

 

***

 

2.3           Title
and Risk of Loss. Title to and risk of loss or damage to each Used Aircraft will pass from Seller to Boeing upon delivery of
such Used Aircraft.

 

2.4           Cape
Town Convention. Seller will cooperate with Boeing in the filing for recordation of this Agreement with the International Registry
established by the Cape Town Convention. The Used Aircraft (including the Engines) at the time of delivery to Boeing will be free
and clear of any mortgage, lease, pledge, lien, charge or encumbrance. After the ferry flight as described herein, Seller will
deregister the Aircraft from the CAAC aircraft registry and will take such action as is reasonably requested by Boeing to accomplish
the immediate recordation of the Used Aircraft in the name of Boeing with the International Registry.

 

2.5           Delayed
Delivery. ***

 

2.6           Delivery
Documents. Upon delivery of each Used Aircraft, Seller will deliver to Boeing: (i) a bill of sale, in the form attached
hereto as Exhibit A, (ii) a delivery receipt to be signed by Boeing and Seller in the form attached hereto as Exhibit B, ,
(iii) aircraft delivery conditions and commitment letter, if applicable, (iv) copy of the Bill of Sales that trace ownership
of the Used Aircraft back to the original delivery from the manufacturer and (v) such other appropriate documents as may be
required, and mutually agreed upon.

 

    	Acq. Agmt. No. A0175/CEA-01	3	 

    	 

    

 

Article  
3.              Purchase Price of the Used Aircraft.

 

***

 

	Used Aircraft 
 Model	 	 	Manufacturer 
 Serial Number	 	 	Trade-In Price	 	 	Year	 
	A340-642	 	 	468	 	 	 	***	 	 	 	***	 
	A340-642	 	 	488	 	 	 	***	 	 	 	***	 
	A340-642	 	 	514	 	 	 	***	 	 	 	***	 
	A340-642	 	 	577	 	 	 	***	 	 	 	***	 
	A340-642	 	 	586	 	 	 	***	 	 	 	***	 

  

Article
  4.              Payment.

 

4.1           At
the time of delivery of each Used Aircraft to Boeing, Boeing will issue payment to Seller for the Used Aircraft as described in
the Special Matters Letter Agreement CEA-PA-03746-1107152, Article 1, by electronic transfer of bank funds to Seller’s account
at the following bank:

 

Beneficiary:
China Eastern Aviation Import & Export Corp.

Receiving
Bank: Bank of China Shanghai Branch

Bank
address: No. 368, 1st Yingbin Road, Hongqiao Airport

Swift
Address: BKCHCNBJ300

Account
No.: 4033602-8300-00715618093014

Reference:
Used Aircraft Acquisition Agreement No. A0175/CEA-01

 

4.2           ***

 

    	Acq. Agmt. No. A0175/CEA-01	4	 

    	 

    

 

Article  
5.              Condition of Used Aircraft.

 

5.1           General
Condition. At the time of delivery to Boeing, each Used Aircraft will (i) have been maintained and repaired in accordance with
Seller’s maintenance and repair program, authorized by the appropriate governmental aviation authority (CAAC) having jurisdiction
(“Seller’s Maintenance Program”) and, (ii) meet the following requirements:

 

(a)         Each
Used Aircraft shall be serviceable as defined by the manufacturers AMM and SRM or other OEM documentations (i.e RAS, NTO, TA).
Furthermore, if each Used Aircraft can be demonstrated to be ferried to the final delivery location according to CAAC airworthiness
regulations the Used Aircraft will also be deemed to be serviceable.

 

(b)         Each
Used Aircraft will be in serviceable condition with all of the Used Aircraft equipment, components and systems functioning in accordance
with their intended use irrespective of deviations or variations authorized by the Minimum Equipment List (MEL) or Configuration
Deviation List (CDL).

 

(c)         Each
Used Aircraft will be clean by Seller’s commercial airline standards, and will be cosmetically acceptable and complete.

 

(d)         Each
Used Aircraft will at time of delivery to Boeing have, and be in compliance with, an Export Certificate of Airworthiness issued
by the appropriate aviation authority having jurisdiction over Seller.

 

(e)         Each
Used Aircraft will not have installed any PMA (Parts Manufacturer Approval) life limited parts in place of OEM (Original Equipment
Manufacturer) life limited parts. This applies to all life limited parts installed internal and external to the installed Engines
and APU, landing gear, airframe, and components.

 

(f)          Each
Used Aircraft will not have installed thereon any equipment, components and/or parts which are leased or loaned or otherwise owned
by a third party. Prior to delivery of each Used Aircraft to Boeing all leased or loaned equipment, will either be purchased by
Seller or be replaced with Seller owned equipment.

 

5.2           Condition
of Airframe. Each Used Aircraft airframe at the time of delivery to Boeing will meet the following requirements:

 

(a)         The
airframe shall be serviceable as defined by the manufacturers AMM and SRM or other OEM documentations (i.e RAS, NTO, TA), irrespective
of deviations or variations authorized by the manufacturer’s AMM. Furthermore, if each airframe can be demonstrated to be ferried
to the final delivery location according to CAAC airworthiness regulations the airframe will also be deemed to be serviceable.
Regardless, of the first two sentences in this paragraph, Boeing and Seller agree that in the event a temporary repair to a removable
component is required to be repaired in order to ferry the Used Aircraft, Boeing and Seller will work together and agree on reasonable
compensation. Not including the skin of aircraft.

 

    	Acq. Agmt. No. A0175/CEA-01	5	 

    	 

    

 

(b)         Seller
will provide the last overhaul documents for each individual gear. Life Limited Parts will include a trace “back-to-birth”
and will be supported by EASA form 1, or FAA 8130-3, or AAC-038 Service Tag, and last overhaul report/supporting documents. Seller
will work with Boeing to provide for the installed landing gear: acceptable “record packages” as the documentation
is available.

 

(c)         For
airframe Life Limited Parts, Seller will include a trace “back-to-birth” and will be supported by an EASA form 1,
or FAA 8130-3, or AAC-038 Service Tag, or CEA Service Tag with supporting documentation. If the trace “back-to-birth”
does not include full “back-to-birth history, the LLP will be assessed a “life penalty” according to Airbus Service
Letter 32-100 as certified by Seller’s Quality Assurance manager.

 

5.3           Condition
of Controlled Components. On-Condition and Condition Monitored serialized parts as tracked by Seller and installed on each
Used Aircraft shall have supporting EASA form 1 tags, or FAA 8130-3, or AAC-038 Service Tag, or CEA Service Tag. Seller will work
with Boeing to provide for the installed parts: hard time, serialized, or on condition, acceptable “record packages”
as the documentation is available, which may include the AAC-038 Service Tag with wording “Testing, Repair, or Overhaul in
accordance with the CMM” on the tag.

 

5.4           Condition
of Installed Engines and APU. Each Used Aircraft installed engines at the time of delivery to Boeing will meet the following
requirements:

 

(a)         ***

 

(b)         ***

 

(c)         ***

 

    	Acq. Agmt. No. A0175/CEA-01	6	 

    	 

    

 

***

 

(d.)         ***

 

5.5           Components,
Parts, Equipment, and Items that do not have Criteria for Serviceability.
***

 

5.6           Interior.
***

 

5.7           Galleys
and Galley Equipment. ***

 

5.8           Flight
Deck. ***

 

5.9           Cargo
Compartment ***

 

    	Acq. Agmt. No. A0175/CEA-01	7	 

    	 

    

 

Article   6.              Aircraft Documentation and Safety Devices.

 

6.1           Aircraft
Documentation. Concurrently with delivery of each Used Aircraft to Boeing, Seller will deliver to Boeing ***

 

Article   7.              Inspection, Technical Acceptance, and Flights.

 

7.1           Ground
Inspection. Each Used Aircraft including the Aircraft Documentation will be made available to Boeing for ground inspection
by Boeing at Seller’s facilities at Shanghai, China or at Seller’s regulatory authority approved maintenance contractor
in connection with the conditions described in Article 5. Seller will ensure that conveniently located, suitable office space with
fax, phone and computer line will be made available free of charge to Boeing personnel for the duration of the inspection. Such
inspection will commence twenty (20) working days prior to the date of delivery of such Used Aircraft to Boeing. Seller will remove
each Used Aircraft from scheduled service and open the areas of each Used Aircraft as required to allow performance of the necessary
checks as contemplated in Article 5 and will allow Boeing and any person Boeing designates to accomplish its inspection to determine
that each Used Aircraft including the Aircraft Documentation are as set forth in Articles 5 and 6. Seller will promptly correct
any discrepancies from the condition required by Articles 5 or 6 which are observed during such inspection and are communicated
to Seller.

 

7.2           Operational
Ground Check. Promptly after completion of any corrections required above, Seller will conduct an operations ground check on
each Used Aircraft in accordance with the manufacturer’s AMM criteria for the purpose of demonstrating to Boeing that the
Used Aircraft is serviceable. Seller will promptly correct any discrepancies that make the Used Aircraft not serviceable.

 

    	Acq. Agmt. No. A0175/CEA-01	8	 

    	 

    

 

7.3           Ground
Inspection. All ground inspections will be at Seller’s expense.

 

7.4           De-Registration.
Upon completion of the ferry flight of each Used Aircraft, Seller will provide the CAAC de-registration document to Boeing.

 

Article
  8.              Indemnification and Insurance.

 

8.1           Indemnification.
Seller will indemnify and hold harmless Boeing, The Boeing Company, Boeing Aircraft Holding Company, and their assignees, agents,
directors, officers and employees (the “Indemnitees”) from and against all claims and liabilities, including all expenses
and attorneys’ fees incident thereto or incident to establishing the right to indemnification, for injury to or death of any person(s),
including employees of Seller but not employees of the Indemnitees, or for loss of or damage to any property, including each Used
Aircraft, arising out of or in any way connected with such ground inspection, operational ground check whether or not arising in
tort or occasioned by the negligence of the Indemnitees.

 

8.2           Insurance.
With respect to Seller’s aviation liability insurance, Seller will (i) cause the Indemnitees to be named as additional insureds
under Seller’s aviation liability insurance policies to the extent of Seller’s undertaking set forth in this Article,
and (ii) will furnish to Boeing prior to the start of Boeing’s ground inspection of the Used Aircraft certificates in a form
acceptable to Boeing written in English from Seller’s aviation liability insurance carriers stating the limits and terms
of Seller’s liability insurance coverage, and showing that the Indemnitees have been named as additional insureds and specifically
referring to this Article. With respect to Seller’s hull and war risk insurance, Seller will (i) cause the insurance carriers
under Seller’s hull and war risk insurance policies to waive all rights of subrogation against the Indemnities to the extent
of Seller’s undertaking set forth in this Article, and (ii) furnish to Boeing prior to the start of Boeing’s ground
inspection on the Used Aircraft to be delivered, certificates in a form acceptable to Boeing written in English, from Seller’s
hull and war risk insurance carriers stating that the carriers have so waived all rights of subrogation against the Indemnities
and specifically referring to this Article. All insurance coverage will end at delivery of the Used Aircraft to Boeing. Insurance
for the ferry flight will be handled in a separate agreement.

 

8.3           At
the time of transfer of title to Boeing of the relevant acquired A340 and for *** Boeing shall name CEA as additional insured
for all claims and liabilities whether or not such claims or liabilities arise out of the negligence of CEA or otherwise excluding
any bodily injury or property damage which has occurred prior to the transfer of title.

 

    	Acq. Agmt. No. A0175/CEA-01	9	 

    	 

    

 

Article
  9.              Assignment of Warranties.

 

Seller
grants and assigns to Boeing the rights and benefits, to the extent that the same are assignable and are not extinguished by the
sale of each Used Aircraft, of any warranties of manufacturers other than The Boeing Company, maintenance,
repair and/or overhaul facilities, vendors and suppliers, which may exist in favor of Seller at the time of delivery of each Used
Aircraft. Seller will use reasonable efforts to secure such rights and benefits in favor of Boeing and will provide to Boeing a
list of all existing warranties that are assignable. Seller also grants to Boeing rights and benefits relating to any claim of
Seller under said warranties concerning each Used Aircraft which has arisen, but not been settled, prior to the delivery of each
Used Aircraft to Boeing other than claims against the provider of the warranty for reimbursement for Sellers’ correction
of a warranted condition.

 

Article  
10.            Warranty and Disclaimer.

 

10.1         Warranty.
Each Used Aircraft will at the time of delivery to Boeing, be free and clear of all liens, encumbrances and rights of others.

 

10.2         DISCLAIMER
AND RELEASE. THE USED AIRCRAFT AND OTHER ITEMS DELIVERED HEREUNDER ARE SOLD TO BOEING “AS IS” AND THE WARRANTY
OF TITLE SET FORTH ABOVE IS EXCLUSIVE AND IN SUBSTITUTION FOR, AND BOEING HEREBY WAIVES, RELEASES AND RENOUNCES ANY AND ALL OTHER
WARRANTIES, OBLIGATIONS AND LIABILITIES, EXPRESS OR IMPLIED, OF SELLER, ITS ASSIGNS AND ANY AND ALL RIGHTS, CLAIMS AND REMEDIES,
EXPRESSED OR IMPLIED, OF BOEING AGAINST SELLER AND ITS ASSIGNS, ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY NONCONFORMANCE
OR DEFECT IN ANY AIRCRAFT OR OTHER THING DELIVERED UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO (A) ANY WARRANTY AS TO THE
AIRWORTHINESS OR CONDITION OF ANY ITEM DELIVERED PURSUANT TO THIS AGREEMENT; (B) ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;
(C) ANY IMPLIED WARRANTY ARISING FROM COURSE OR PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE; (D) ANY OBLIGATION, LIABILITY,
RIGHT, CLAIM OR REMEDY IN TORT, WHETHER OR NOT ARISING FROM THE ACTUAL OR IMPUTED NEGLIGENCE OF SELLER AND ITS ASSIGNS; AND (E)
ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY TANGIBLE OR INTANGIBLE THING, FOR LOSS OF USE, REVENUE
OR PROFIT, OR FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES.

 

Notwithstanding
the above paragraph, claims by Boeing against Seller for contribution toward third-party injury, damage, or loss which arise as
the result of the willful gross negligence of Seller, are not limited, waived, released or disclaimed.

 

    	Acq. Agmt. No. A0175/CEA-01	10	 

    	 

    

 

Article
  11.            Excusable Delay and Termination.

 

11.1         General.
Seller will not be liable for or be deemed to be in default under this Agreement on account of any delay in delivery of any Used
Aircraft or other performance hereunder arising out of causes such as: acts of God; war, armed hostilities, riots,
fires, floods, earthquakes or serious accidents; governmental acts or failure to act affecting materials, facilities or Used Aircraft;
strikes or labor troubles causing cessation, slowdown or interruption of work; damage to a Used Aircraft; failure of or delay
in transportation; or inability, after due and timely diligence, to procure materials, systems, accessories, equipment or parts;
or arising out of any other cause to the extent it is beyond Seller’s control or not occasioned by Seller’s fault or gross
negligence. A delay resulting from such causes is referred to as an “Excusable Delay”. Seller will promptly notify
Boeing of any actual or threatened Excusable Delay in delivery of such Used Aircraft and the estimated duration and cause thereof,
and the schedule for delivery of such Used Aircraft will be equitably extended.

 

11.2        Aircraft
Damaged Beyond Repair. If prior to delivery any of the Used Aircraft is lost, destroyed or damaged beyond repair due to any
cause, each party’s rights and obligations in relationship to such Used Aircraft shall be immediately terminated. For the
avoidance of doubt, any termination pursuant to this Article 11.2 shall not impact the rights and obligations of the party’s
under or in connection with the Special Matters Letter Agreement CEA-PA-03746-1107152.

 

Article
12.              Assignment.

 

12.1         General.
This Agreement will inure to the benefit of and be binding upon each of the parties hereto and their respective successors and
assigns. Neither the rights nor the duties of either party may be assigned or delegated, or contracted to be assigned or delegated,
in whole or part, without the prior written consent of the other party except that:

 

12.2        Seller
Assignment. Boeing’s agreement to purchase the Used Aircraft as described herein is provided as a financial accommodation
to the Seller in consideration of Seller purchasing the New Aircraft and the purchase of the Used Aircraft from Boeing is non-transferable
to a third party and requires the continuous operation and ownership of the Used Aircraft by Seller. Assignment of Seller’s
rights and interest under the Acquisition Agreement to a subsidiary or affiliate of Seller must have written approval of Boeing.

 

12.3        Boeing
Assignment.

 

(a)         Boeing
may assign all or any part of its rights and obligations under this Agreement, including its title to or any interest in each Used
Aircraft or other thing to be delivered hereunder and its right to receive monies hereunder, to a wholly- owned subsidiary of Boeing.
Notwithstanding any such assignment, Boeing will remain fully and solely responsible to Seller for all obligations and liabilities
as Buyer of Used Aircraft and other things to be delivered hereunder, and Seller will continue to deal exclusively with Boeing.

 

    	Acq. Agmt. No. A0175/CEA-01	11	 

    	 

    

 

(b)         Seller
acknowledges and agrees that Boeing shall have the absolute right to transfer or assign to any individual, corporation, partnership,
joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or any other entity
any or all of Boeing’s rights, obligations, benefits and interests under this Agreement, including, without limitation, the
right to make all waivers and agreements, to give all notices, consents and releases, or to do any and all other things which Boeing
is or may become entitled to do under this Agreement. Boeing agrees that no such transfer or assignment will materially change
the duty of or materially increase the burden or risk imposed on Seller, and Seller waives any provision of applicable law that
would or might grant Seller the right to demand assurances or compensation of any kind from the transferee or to require the transferee
to take any action on account of such transfer or assignment, other than as expressly required herein. Notwithstanding any such
assignment or transfer, Boeing as assignor will remain fully and solely responsible to Seller for all obligations and liabilities
as Buyer of the Used Aircraft and other things to be delivered hereunder.

 

(c)        Without
limiting the generality of paragraph (b), Seller acknowledges and agrees that the terms and conditions of this Agreement have been
agreed to by Boeing in anticipation of its being able to assign any and all of its rights under and interests in this Agreement
and the Used Aircraft. Seller will cooperate with Boeing in connection with any such transfer or assignment and shall, among other
things, upon the reasonable written instructions of Boeing: (i) cause insurance certificate substantially in the form of the certificate
required by this Agreement (or otherwise reasonably acceptable to the transferee), to be dated, and be delivered on, the date of
any such transfer or assignment, with the transferee included as an additional insured, (ii) recognize any such assignment, (iii)
accept the directions or demands of such assignee in place of those of Boeing, (iv) do any and all things as reasonably required
by Boeing, and (v) execute any documents which Boeing may reasonably request in order to effectuate the foregoing. Any reasonable
cost and expenses incurred by Seller in relation to Boeing’s assignment or transfer hereunder shall be borne by Boeing (cost
and expenses subject to the pre-approval of Boeing, which shall not be unreasonably held or delayed).

 

Article    13.
          Taxes and Customs Duties.

 

13.1.        Notwithstanding
anything to the contrary, Seller shall promptly pay, be solely liable for, and shall indemnify, defend, and hold harmless
Boeing and its respective affiliates, successors and assigns on an after-tax basis from and against any and all transaction
based taxes, Chinese export duties, customs, , tariffs, value added (“VAT”), personal property, sales, use,
excise, stamp duties, documentary, Chinese Business, income, withholding, counterclaims, consumption, fees, costs, expenses
and charges of any nature, whatsoever, together with any penalties, fines, additions and interest thereon (collectively
“Taxes) imposed upon, in connection with, in relation to, or associated with the transfer of title, purchase,
acquisition, acceptance, rejection, ownership, delivery, nondelivery, importation, exportation, use, possession,
repossession, transport, registration, reregistration, deregistration, control, maintenance, repair, insurance, storage or
operation of the Used Aircraft or as a result of any other transaction contemplated hereby.

 

Notwithstanding
the foregoing, any Tax levied or imposed on any transaction contemplated hereunder in any country
other than China shall be excluded from the foregoing indemnity and shall be borne by Boeing.

 

    	Acq. Agmt. No. A0175/CEA-01	12	 

    	 

    

 

 

13.2.   If
a claim is made by anytaxauthorityagainstany party under this Article 13, such party shall within a
reasonable period notify the other party of suchclaim.

 

13.3.   After-Tax
Basis. The amount which party is required to pay with respect to any Taxes indemnified against under Article 13.1 is an amount
sufficient to restore such party on an after-tax basis to the same position such other party would have been in had such Taxes
not been incurred.

 

13.4.   Tax
Cooperation. Each party will cooperate with one another in providing information which may be reasonably requested to fulfill each
party’s tax filing requirements and any audit information request arising from such filing. In addition, each party agrees
to cooperate with the other party in completion and delivery of tax forms, certificates, affidavits as reasonably requested by
the other party.

 

13.5.   Survival
of Indemnities. All of the obligations of the Seller or Boeing (as the case may be) under this Article 13 shall continue in full
force and effect throughout the exportation of the Used Aircraft from the People’s Republic of China.

 

Article
14.         Reserved.

 

Article
15.         Notices and Requests.

 

All
notices and requests relating to this Agreement will be in English, and may be transmitted by any customary means of written communication
addressed as follows:

 

	 	Seller:	China Eastern Airlines Co., Ltd.
	 	 	
        Planning and
        Development Department

        2550 Hongqiao
        Road, Hongqiao International Airport

        Shanghai, 200355,
        People’s Republic of China

        Facsimile:
        (86) 21 6268 6393

	 	 	 
	 	Boeing:	Boeing Aircraft Holding Company
	 	 	P.O. Box 3707
	 	 	Seattle, Washington 98124-2207
	 	 	Attention:	Director, Asset Management
	 	 	 	Contracts
	 	 	Mail Code:	21-43
	 	 	Facsimile:	(425) 237-1706

 

or to such
other address as specified elsewhere herein or as otherwise directed. The effective date of any such notice or request will be
the date on which it is received by the addressee.

 

    	Acq. Agmt. No. A0175/CEA-01	13	 

    	 

    

 

Article
16.         Reserved.

 

Article
17.         Miscellaneous.

 

17.1    Headings.
Article and paragraph headings used in this Agreement are for convenient reference only and are not intended to affect the interpretation
of this Agreement.

 

17.2    Entire
Agreement; Amendments. This Agreement, together with the Special Matters Letter Agreement CEA-PA-03746-l107152 contains the entire agreement between the parties concerning the subject matter hereof and supersedes all previous
proposals, understandings, commitments or representations whatsoever, oral or written. This Agreement may be changed only in writing
signed by authorized representatives of Boeing and Seller, except in the case of certain changes permitted or required by this
Agreement.

 

17.3    Disclosure
of Terms. The information contained herein represents confidential business information and has value precisely because it
is not available generally or to other parties. Seller will limit the disclosure of its contents to employees of Seller with a
need to know the contents for purposes of helping Seller perform its obligations under this Acquisition Agreement and who understand
they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.

 

17.4   GOVERNING
LAW. THIS AGREEMENT WILL BE INTERPRETED UNDER AND GOVERNED BY THE LAWS OF THE STATE OF WASHINGTON, U.S.A., EXCEPT THAT WASHINGTON’S
CHOICE OF LAW RULES SHALL NOT BE INVOKED FOR THE PURPOSE OF APPLYING THE LAW OF ANOTHER JURISDICTION.

 

    	Acq. Agmt. No. A0175/CEA-01	14	 

    	 

    

 

Signed in duplicate as of the date first above written.

 

	BOEING AIRCRAFT HOLDING	 	CHINA EASTERN AIRLINES
	COMPANY	 	CORPORATION, LTD.
	 	 	 
	By	/s/ Dennis A Toy

                                                                                                       
	 	By	
	 	 	 	 	 
	Its	Attorney-In-Fact	 	Its	 

 

	Consented by:	 
	 	 
	
        CHINA EASTERN
        AVIATION

        IMPORT &
        EXPORT CORPORATION
	 
	 	 	 
	By	 	 
	 	 	 
	Its	 	 

 

    	Acq. Agmt. No. A0175/CEA-01	15	 

    	 

    

 

Exhibit A to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

BILL OF
SALE

 

China
Eastern Airlines Corporation, Ltd. (Seller), a [country] /corporation/ /company/, in consideration of One Dollar and other good
and valuable considerations, receipt of which is hereby acknowledged, does hereby grant, bargain, sell and assign to Boeing Aircraft
Holding Company (Buyer), a Delaware corporation, its successors and assigns, the following described property (including all appliances,
parts, instruments, appurtenances, accessories, furnishings, or other equipment or property installed on or attached to said aircraft
and engines):

 

	Aircraft	 	Aircraft	 	Aircraft	 	Engine	 	Engine
	Manufacturer’s	 	Registration	 	Manufacturer’s	 	Manufacturer’s	 	Manufacturer’s
	Model No.	 	Markings	 	Serial No.	 	Model No.	 	Serial Nos.
	 	 	 	 	 	 	 	 	 
	A340-642	 	 	 	 	 	Trent 556-61	 	(1)
	 	 	 	 	 	 	 	 	(2)
	 	 	 	 	 	 	 	 	(3)
	 	 	 	 	 	 	 	 	(4)

 

TO
HAVE AND TO HOLD said property to the Buyer, its successors and assigns, to its and their own use forever.

 

The
interest of the Seller in said property, and the interest transferred by this Bill of Sale, is that of absolute ownership.

 

THAT
SELLER hereby warrants to Buyer, its successors and assigns, that there is hereby conveyed to Buyer on the date hereof, good title
to the aforesaid aircraft, engines, appliances, parts, instruments, appurtenances, accessories, furnishings and/or other equipment
or property, free and clear of all liens, encumbrances and rights of others, and that it will warrant and defend such title forever
against all claims and demands whatsoever.

 

This
Bill of Sale will be governed by the laws of the State of Washington and will be deemed executed and delivered at Seattle, Washington,
regardless of where executed counterparts hereof may be delivered for convenience of closing.

 

    	Acq. Agmt. No. A0175/CEA-01	A-1	 

    	 

    

 

Exhibit A to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

IN
WITNESS WHEREOF, Seller has caused its corporate name to be subscribed hereto by its duly authorized representative this____day
of________, 20__.

 

	 	 
	
        CHINA
        EASTERN AIRLINES

        CORPORATION,
        LTD.
	 
	 	 	 
	By	 	 
	 	 	 
	Its	 	 

 

    	Acq. Agmt. No. A0175/CEA-01	A-2	 

    	 

    

 

Exhibit B to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

USED
AIRCRAFT AND AIRCRAFT DOCUMENTATION

DELIVERY
RECEIPT

 

Boeing
Aircraft Holding Company (Buyer) hereby accepts and acknowledges receipt from China Eastern Airlines Corporation, Ltd.
(Seller) in accordance with the terms and conditions of Acquisition Agreement No. A0175/CEA-01 dated _______, 20__, between
the parties hereto, of one (1) Airbus Model A340-642 Used Aircraft;

 

Registration
Markings +

Manufacturer’s
Serial Number +

 

with
four (4) installed Rolls Royce Model Trent 556-61 engines, Manufacturer’s Serial Numbers:

 

Position
(1) +

Position
(2) +

Position
(3) +

Position
(4) +

 

together
with the Aircraft Documentation applicable to the Used Aircraft as described on Attachment 1 hereto and with the operating times
and cycles as accumulated on the Used Aircraft up to the time of delivery as described on Attachment 2 hereto in [place], on [date],
at [time] /a.m./ /p.m./ / Seattle / local time.

 

	 	 	 
	
        CHINA
        EASTERN AIRLINES

        CORPORATION,
        LTD.
	 	
        BOEING
        AIRCRAFT HOLDING

        COMPANY

	 	 	 
	By	 	 	 
	 	 	 	 
	Its	 	 	 

 

Attachment
1 and 2

 

    	Acq. Agmt. No. A0175/CEA-01	B-1	 

    	 

    

 

Attachment
1 to

Exhibit B to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

AIRCRAFT
DOCUMENTATION

 

	Title/Description	 	Identification Number	 	Quantity
	 	 	 	 	 

 

Complete
this Attachment 1 to Exhibit B

 

(Note:
This receipt is required for each Used Aircraft delivered to Boeing by Seller. Thirty (30) days prior to each Used Aircraft delivery
Seller will list all of the records, manuals, documents and data by title/ description, identification number and quantity (minimum
of 1 per Aircraft) which were initially provided to Seller by the Aircraft Manufacturer and Vendors. Seller will also list such
additional records/data developed for the Used Aircraft by Seller during the time Seller has operated and maintained the Used
Aircraft.)

 

    	Acq. Agmt. No. A0175/CEA-01	B-1-1	 

    	 

    

 

Attachment
2 to

Exhibit
B to

Acquisition
Agreement for

Used
Aircraft No. A0175/CEA-01

 

AIRCRAFT
HOURS AND CYCLES

 

AS
OF_____________, 20_

 

+
MODEL +

 

REGISTRATION
MARKINGS _______ SERIAL NUMBER _______

 

A.           AIRFRAME:

	 	Aircraft Total Time (Hours)	 	 
	 	Aircraft Total Landings (Cycles)	 	 
	 	Aircraft (& Engine) “A” Check - Time to next check	 	 
	 	Aircraft (& Engine) “B” Check - Time to next check	 	 
	 	Aircraft (& Engine) “C” Check - Time to next check	 	 
	 	Aircraft (& Engine) “D” Check - Time to next check	 	 
	 	Aircraft Special Check(s) - Time to next check	 	 

 

B.           +
ENGINE - MODEL +:

 

Module Overhaul/Restoration Status

 

	
        Engine Serial

        Number

        (engine S/N)
	 	LPC

Time & Cycles Since

*Overhaul (TSO/CSO)	 	HPC

Time & Cycles Since

*Overhaul (TSO/CSO)	 	Combustor 

Time & Cycles Since

*Overhaul (TSO/CSO)	 	HPT

Time & Cycles Since

*Overhaul (TSO/CSO)
	
        +

        Module Time Since

        New
	 	 	 	 	 	 	 	 
	TSO / CSO or

TSE / CSE	 	 	 	 	 	 	 	 
	+	 	 	 	 	 	 	 	 
	
        +

        Module Time Since

        New
	 	 	 	 	 	 	 	 
	TSO / CSO or

TSE / CSE	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
        +

        Module Time Since

        New
	 	 	 	 	 	 	 	 
	TSO / CSO or

TSE / CSE	 	 	 	 	 	 	 	 

 

 

    	Acq. Agmt. No. A0175/CEA-01	B-2-1	 

    	 

    

 

Attachment
2 to

Exhibit
B to

Acquisition
Agreement for

Used
Aircraft No. A0175/CEA-01

 

Engine Status (current)

 

	
        Engine
        Serial Number

        (engine
        S/N)
	 	
        Time
        Since New

        (TSN)
	 	
        Cycles
        Since New

        (CSN)
	 	
        Time
        Since Last

        Shop
        Visit

        (TSSV)
	 	
        Cycles
        Since Last

        Shop
        Visit

        (CSSV)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

C.           +APU
- MODEL +:

 

	Serial	 	 	 	Hours Since	 	Hours Since Last	 	Hours to Next
	Number	 	Total Hours	 	Overhaul	 	Major Check	 	Major Check
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

D.           LANDING
GEAR:

 

	 	 	Serial	 	Total	 	Hours/Cycles	 	Hours/Cycles to
	 	 	Number	 	Hours/Cycles	 	Since Overhaul	 	Next Overhaul
	Nose Landing Gear

 Right Main Gear

 Left Main Gear

 Right Body Gear

 Left Body Gear

 Center Gear (if installed)	 	 	 	 	 	 	 	 

 

[NOTE: Attachment 2 is
a sample only. Seller will modify this form at time of delivery of the Used Aircraft to reflect the maintenance program such Used
Aircraft is under at that time. Hours and cycles inserted on this form are to reflect the actual hours and cycles on the Used
Aircraft as of the date of such delivery.]

 

E            MAINTENANCE
SCHEDULE:

 

	 	Accomplish “A” Check	Every + Hours
	 	Accomplish “B” Check	Every + Hours
	 	Accomplish “C” Check	Every + Hours

 

    	Acq. Agmt. No. A0175/CEA-01	B-2-1	 

    	 

    

 

Attachment
2 to

Exhibit
B to

Acquisition
Agreement for

Used
Aircraft No. A0175/CEA-01

 

	 	Accomplish “D” Check	Every + Hours
	 	Accomplish Engine Repair	Per + Bill of Work
	 	Accomplish HSI	Every + Hours
	 	Accomplish CSI	Every + Hours
	 	Accomplish APU Repair	Per + Bill of Work

 

    	Acq. Agmt. No. A0175/CEA-01	B-2-1	 

    	 

    

 

Exhibit C to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

AIRCRAFT
DOCUMENTATION

 

Seller
will work with Boeing to provide acceptable historical records and documents for the Used Aircraft in the form of “record
packages” as the documentation is available. All
records initiated by Seller are required to comply with the Seller’s aviation regulatory authorities. The “record
packages” may or may not include (and not be limited to) the following:

 

	** 	1.	Summary and control status of EASA and CAAC Airworthiness
Directives – aircraft including engines, auxiliary power unit and appliances and the method incorporation (i.e. service bulletin,
engineering order). Repetitive AD’s will have supporting documentation indicating the last date/hours/cycles accomplished
and next due. Letter stating that all-applicable EASA and CAAC Airworthiness Directive have been incorporated including certification
and signature by an authorized quality assurance representative of Seller. Copies of the completion documents (“dirty fingerprints”)
in English which support that the EASA and CAAC Airworthiness Directive was accomplished.

 

	**	 2.	List of manufacturer’s service bulletins incorporated and method of incorporation (i.e. repetitive
inspections, interim fix or terminating action) for airframe, engines and appliances. If the service bulletin calls for repetitive
inspections supporting documentation indicating the last date/hours/cycles accomplished and next due will be provided. Where only
a portion of a service bulletin is accomplished Seller will so identify which portion was accomplished. Include copy of completed
Engineering Order (EO) and the completion documents (“dirty fingerprints”) in English which support that the EO was
accomplished.

 

	**	3.	List of modifications and/or alterations (excluding manufacturer’s
service bulletins if accomplished pursuant to the manufacturer’s instructions) accomplished on the aircraft, engines, and
equipment /list to be provided in English/ together with one copy of each modification, alteration, engineering order and associated
drawings and/or data /with all major changes to be provided in English/.

 

	*	4.	List of FAA Supplemental Type Certificates (STC’s)
/and/or foreign aviation authority approved modifications/ incorporated, together with a copy of each certificate and/or associated
data /Lists only, except STC’s are to be provided in English/. Provide a copy of the supporting FAA 8110-3, 8100-9, or Repair
Design Approval Sheet (RAS) with definitive approval forms, whichever is applicable and supporting documentation that STC is effective
for the Used Aircraft. If Seller has deviated from manufacturer’s instructions, a supporting FAA 8110-3, 8100-9, or Repair
Design Approval Sheet (RAS) with definitive approval forms, whichever is applicable will be provided for the deviation.

 

	**	5.	List of all major repairs accomplished on the airframe,
engines, APU and landing gear together with one copy of each such repair, EO, non-routine task cards, and associated drawings
or data.

 

	**	6.	List and status of time, cycle and calendar controlled
components to be signed by Seller’s Quality Assurance manager – aircraft, engines and equipment including supporting 8130-3
tags or JAR/EASA form 1 tags, or AAC-038 Service Tag, or CEA Service Tag, and copies of the last overhaul records, as available.

 

	*	7.	Part tags for all serialized, on-condition, and condition
monitored parts that are tracked by operator including 8130-3 tags or JAR/EASA form 1 tags/ or AAC-038 Service Tag, or CEA Service
Tag. Seller will work with Boeing to provide for the installed parts: serialized, or on condition, acceptable “record packages”
as the documentation is available.

 

    	Acq. Agmt. No. A0175/CEA-01

    	 

    

 

Exhibit C to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

	**	8.	List and status of Life Limited Parts (LLP) – aircraft,
landing gear, APU, and engines including supporting “back-to-birth” LLP traceability to be signed by Seller’s
Quality Assurance manager. For airframe Life Limited Parts, Seller will include a trace “back-to-birth” and will be
supported by an EASA form 1, or FAA 8130-3, or AAC-038 Service Tag, or CEA Service Tag. If the trace “back-to-birth”
does not include full “back-to-birth history, the LLP will be assessed a “life penalty” according to Airbus
Service Letter 32-100 as certified by Seller’s Quality Assurance manager.

 

	**	9.	Airframe and engines current inspection status and operating
times to be signed by Seller’s Quality Assurance manager.

 

	*	10.	APU historical records and schedule of overhaul (if applicable),
including last shop visit “dirty fingerprint” records and/or last overhaul “dirty fingerprint” records
(as typically provided by the APU MRO to Seller).

 

	*	11.	Current status of APU inspection and operating times
to be signed by Seller’s Quality Assurance manager.

 

	*	12.	EASA-approved Airplane Flight Manual.

 

	*	13.	Flight Crew Operational Manual currently used by present
operator.

 

	*	14.	Weight and Balance document, including last weighing
report.

 

	*	15.	Aircraft Schematic Manual/Aircraft Wiring Manual, including
but not limited to wiring diagram equipment list, hookup list, splice list, ground list, and terminal list.

 

	*	16.	Manufacturer’s Maintenance Manuals and supplements
– aircraft, engines, and APU.

 

	*	17.	Manufacturer’s overhaul manuals and component maintenance
manuals and supplements –engines, if available.

 

	*	18.	Manufacturer’s structural repair manual and supplements.

 

	*	19.	Manufacturer’s illustrated parts catalog and supplements
– airframe and engines.

 

	*	20.	Manufacturer’s tool catalog and supplements, if
available.

 

	*	21.	MMEL/Dispatch Deviation Guide.

 

	*	22.	Quick Reference Handbook.

 

	*	23.	Miscellaneous documents or manuals pertaining to Aircraft
storage, engine handling, and aircraft recovery (if available).

 

	*	24.	Flight test reports – last flight accomplished prior
to delivery (if available).

 

	*	25.	Last accomplished flight recorder calibration (if the
aircraft is to be delivered before any calibration is required to be accomplished, the Seller is to provide the record of the
last initial certification of the flight recorder), if available.

 

	*	26.	Aircraft historical flight logs for the last three (3)
months.

 

	*	27.	Engine trend monitoring data for the last six (6) months
prior to delivery.

 

	*	28.	Inventory list of aircraft loose equipment, including
emergency equipment.

 

	*	29.	List of current equipment in passenger and flight crew
compartments and a current interior arrangement diagram (“LOPA”).

 

    	Acq. Agmt. No. A0175/CEA-01

    	 

    

 

Exhibit C to

Acquisition
Agreement for

Used Aircraft
No. A0175/CEA-01

 

	*	30.	Aircraft Utilization log for the last 12 months.

 

	*	33.	Export Certificate of Airworthiness.

 

	*	34.	Current operator’s standard Certificate of Airworthiness,
radio license, noise certificate, and registration (if available).

 

	*	35.	Aircraft original delivery documentation, including but
not limited to manufacturer’s delivery letter, AD status, aircraft inspections report, rigging manual, and miscellaneous
logs (as available).

 

	*	36.	Altimeter and Transponder calibration, if available

 

	**	37.	All current updated software necessary for aircraft ground
operations effective for aircraft listed in the acquisition agreement.

 

	**	38.	Letter stating current revisions to all aircraft manuals
and software.

 

	**	39.	Letter detailing any major incident and/or accidents
involving each Used Aircraft (if none, the letter should so state). A separate letter shall be issued for the airframe, each engine
by engine serial number, and APU by serial number. The letter needs to include a statement to the effect that such Used Aircraft
was never submersed in salt water.

 

	**	40.	Letter confirming that each Used Aircraft has no loaned
or leased equipment.

 

	**	41.	Letter stating each Used Aircraft has been operated and
maintained under a maintenance program that is approved by the governmental aviation authority having jurisdiction.

 

	*	42.	Supporting documentation for the last wheel and brake
overhaul that includes the release toservice tags and shop “job paper” (if available).

 

*
Copy to be provided in English or a certified English translation for each Used Aircraft.

** Paper copy to be provided in English or a certified English translation and computer disk copyof such documentation and computer
disk copy for each Used Aircraft.

 

    	Acq. Agmt. No. A0175/CEA-01

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