Document:

Exhibit

Exhibit 10.3(ae)

AMENDMENT NO. 2
DATED AS OF DECEMBER 4, 2015
TO THE
V2500 GENERAL TERMS OF SALE AGREEMENT
BY AND BETWEEN
IAE INTERNATIONAL AERO ENGINES AG
AND
JETBLUE AIRWAYS CORPORATION
DATED AS OF MAY 4, 1999

This document contains proprietary information of IAE International Aero Engines AG (“IAE”).  IAE offers the information contained in this document on the condition that you not disclose or reproduce the information to or for the benefit of any third party without IAE’s written consent.  Neither receipt nor possession of this document, from any source, constitutes IAE’s permission.  Possessing, using, copying or disclosing this document to or for the benefit of any third party without IAE’s written consent may result in criminal and/or civil liability.

This document contains no technical data subject to the EAR or ITAR.

This Amendment No. 2, dated as of December 4, 2015 (this “Amendment No. 2”), amends the V2500 General Terms of Sale Agreement dated May 4, 1999 between IAE International Aero Engines AG (“IAE”) and JetBlue Airways Corporation (“JetBlue”), as amended and supplemented from time to time, such contract being hereinafter referred to as the “GTA”).
Unless expressly stated to the contrary, definitions and terms used in this Amendment No. 2 shall have the same meaning given to them in the GTA.
WHEREAS:
		
	A.
	JetBlue and IAE entered into the original GTA on May 4, 1999 and all subsequent Side Letters and Amendments for the purpose of supplying A320 Aircraft powered by V2527-A5 engines and A321 Aircraft powered by V2533-A5 engines; and

		
	B.
	JetBlue and IAE agreed to purchase, at a minimum, a spare engine ratio of [***] in accordance with the GTA and in Side Letters: 2, 13, 17 and 24.

NOW, THEREFORE, in consideration of the mutual benefits and obligations set forth herein, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
		
	1.
	GTA, Section 2.2.3, Agreement to Purchase, the language below is hereby deleted from Section 2.2.3, of the GTA in its entirety:

“and to maintain a minimum direct ratio (rounded up when the required number of option spare Engines reaches a fractional value) of delivered new option spare Engines to delivered new option installed V2500 Engines of [***] for the V2523-A5, V25-27-A5 and V2533-A5 powered Option Aircraft”
		
	2.
	Side Letter 2, Section 2, the language below is hereby deleted from Section 2 of Side Letter 2 in its entirety:

“provided that New Air commits to acquire and continues to operate and maintain with respect to its Aircraft a minimum of [***] ratio of spare Engines to installed Engines in each thrust category”
		
	3.
	Side Letter 13, Section 5, the language below is hereby deleted from Section 5 of Side Letter 13 in its entirety:

“and agrees to otherwise purchase, operate and maintain a minimum ratio of new spare engines to installed V2500-A5 engines on the Incremental Aircraft of no less than [***] with respect to each Engine thrust level per Aircraft model (or such ratio is maintained with respect to all engines at the applicable or higher thrust level for A319-100, A320-200 or A321-200 aircraft)”
___________________________
[***]    Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

IAE Proprietary – Subject to the Restrictions on the Front Page
This document contains no technical data subject to the EAR or ITAR.    Page 2

		
	4.
	Side Letter 17, Section 5, the language below is hereby deleted from Section 5 of Side Letter 17 in its entirety.

“and agrees to otherwise purchase, operate and maintain a minimum ratio of new spare engines to new installed V2500-A5 engines on the 2004 Incremental Aircraft of no less than [***] with respect to each Engine thrust level per Aircraft model (or such ratio as maintained with respect to all engines as the applicable or higher thrust level for A319-100, A320-200 or A321-200 aircraft)”
		
	5.
	Side Letter 24, Section 6 is hereby deleted in its entirety.

The terms and provisions and attachments contained in this Amendment No. 2 constitute the entire agreement between the Parties with respect to the matters herein described, and supersede all prior understandings and agreements of the Parties with respect thereto.  No amendment or modification of this Amendment No. 2 shall be binding upon either Party unless set forth in a written instrument executed by both Parties.
This Amendment No. 2 contains matters of a confidential and proprietary nature and is delivered on the express condition that its terms shall not be disclosed to any third party or reproduced in whole or in part for anyone other than the Parties hereto without the other Party’s prior written consent.
The Parties hereby agree and acknowledge that there has been full and adequate consideration for the mutual promises contained herein.  The terms and conditions of the GTA are incorporated herein by reference.  Except as expressly amended hereby, all other terms and conditions of the GTA shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all respects.
This Amendment No. 2 may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which when taken together shall constitute the same instrument.
Upon acceptance by IAE, as evidenced by execution of the signature block below, this document will become an enforceable amendment to the GTA and shall be deemed executed in the jurisdiction in which it was signed by IAE.  After acceptance by IAE, IAE will return one (1) fully executed duplicate original Amendment No. 2 to JetBlue.  The Parties agree that facsimile signatures shall be deemed to be of the same force and effect as an original executed document.  If executed by facsimile, the Parties agree to provide original signature pages upon request.

___________________________
[***]    Represents material which has been redacted and filed separately with the Commission pursuant to a request for   confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

IAE Proprietary – Subject to the Restrictions on the Front Page
This document contains no technical data subject to the EAR or ITAR.    Page 3

[Signatures to follow]

IAE Proprietary – Subject to the Restrictions on the Front Page
This document contains no technical data subject to the EAR or ITAR.    Page 4

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 2 to be executed in duplicate as of the date last written below.
JETBLUE AIRWAYS CORPORATION
By: /s/ Mark D. Powers    
Typed Name: Mark D. Powers    
Title: Chief Financial Officer    
Date: December 7, 2015    
IAE INTERNATIONAL AERO ENGINES AG
By: /s/ Paul K. Guineyth    
Typed Name: Paul K. Guineyth    
Title: Chief Financial Officer    
Date: 12/14/2015    

IAE Proprietary – Subject to the Restrictions on the Front Page
This document contains no technical data subject to the EAR or ITAR.    Page 5Exhibit

EXHIBIT 10(xli)

FIRST AMENDMENT TO 
ANADARKO PETROLEUM CORPORATION
2008 DIRECTOR COMPENSATION PLAN  

WHEREAS, Anadarko Petroleum Corporation (the “Company”) has heretofore established and currently maintains the Anadarko Petroleum Corporation 2008 Director Compensation Plan (the “Plan”) for the benefit of non-employee members of the Company’s Board of Directors (the “Board”); and
WHEREAS, pursuant to Section 16.7 of the Plan, the Plan may be amended at any time, and from time to time, by the Compensation and Benefits Committee of the Board (the “Committee”); and
WHEREAS, the Committee desires to amend the Plan on behalf of the Company to impose certain limitations on the compensation that the Company may pay to the non-employee members of the Board; 

NOW, THEREFORE, effective as of February 8, 2016, the Plan is hereby amended as follows:
1.The Plan is hereby amended by adding the following new Section 16.12 to the end of Section 16 of the Plan:
“16.12    Compensation and Award Limitations
Notwithstanding any provisions to the contrary in the Plan, in any other incentive compensation plan of the Company or any of its subsidiaries (including, without limitation, the Company’s 2012 Omnibus Incentive Compensation Plan or any successor plan thereto), or any other compensatory policy or program of the Company applicable to the Eligible Directors (collectively, the “Director Programs”), the sum of “A” and “B” for any individual Eligible Director for any single calendar year beginning on or after January 1, 2016 shall not exceed $750,000, where:
		
	“A”
	equals the aggregate grant date fair value (computed as of the date of grant in accordance with applicable financial accounting rules) of all awards granted under the Director Programs (other than with respect to compensation described in “B” below) to such Eligible Director during such calendar year; and

		
	“B”
	equals the aggregate cash value of such Eligible Director’s retainer, meeting attendance fees, committee assignment fees, lead director retainer, committee chair and member retainers and other Board fees related to service on the Board or committee(s) of the Board that are initially denominated as a cash amount or any other property other than Common Stock (whether paid currently or on a deferred basis or in cash or other property (including Common Stock)) for such calendar year;

provided, however, that the limitation described in this sentence shall be determined without regard to grants of awards under the Director Programs and compensation, if any, paid to an Eligible Director during any period in which such individual was an employee, consultant or independent contractor providing services to the Company or any of its subsidiaries (other than in the capacity of an Eligible Director).”
2.As amended hereby, the Plan is specifically ratified and reaffirmed.

IN WITNESS WHEREOF, the Company has caused this First Amendment to the Plan to be executed on this 8th day of February 2016.
    
	
		
	ANADARKO PETROLEUM CORPORATION

	 
	 

	 
	 

	By:
	/s/ Julia A. Struble

	 
	Julia A. Struble

	 
	Vice President, Human Resources

           

-2-

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