Document:

Exhibit 10.1
    

    
      FIRST AMENDMENT TO CREDIT AGREEMENT
    

    
      This First Amendment to Credit Agreement (this “Amendment”) is entered
      into as of November 5, 2014, by and between WELLS FARGO BANK, NATIONAL
      ASSOCIATION (“Bank”) and SURMODICS, INC., a Minnesota corporation
      (“Borrower”).
    

    
      RECITALS
    

    
      Borrower and Bank are parties to that certain Credit Agreement dated as
      of November 4, 2013, as amended from time to time (the
      “Agreement”).  The parties desire to amend the Agreement in accordance
      with the terms of this Amendment.
    

    
      NOW, THEREFORE, the parties agree as follows:
    

    
      1.  Section 5.7 of the Agreement is hereby amended and restated in its
      entirety to read as follows:
    

    
             “SECTION 5.7.          DIVIDENDS, DISTRIBUTIONS.  Declare or pay
      any dividend or distribution either in cash, stock or any other property
      on Borrower's stock now or hereafter outstanding, nor redeem, retire,
      repurchase or otherwise acquire any shares of any class of Borrower's
      stock now or hereafter outstanding, except for stock repurchases after
      the First Amendment Effective Date in an amount not to exceed Thirty
      Million Dollars ($30,000,000).
    

    
             As used herein, “First Amendment Effective Date” shall mean
      November 5, 2014.”
    

    
      2.  No course of dealing on the part of Bank or its officers, nor any
      failure or delay in the exercise of any right by Bank, shall operate as
      a waiver thereof, and any single or partial exercise of any such right
      shall not preclude any later exercise of any such right.  Bank’s failure
      at any time to require strict performance by Borrower of any provision
      shall not affect any right of Bank thereafter to demand strict
      compliance and performance.  Any suspension or waiver of a right must be
      in writing signed by an officer of Bank.
    

    
      3.  Unless otherwise defined, all initially capitalized terms in this
      Amendment shall be as defined in the Agreement.  The Agreement, as
      amended hereby, shall be and remain in full force and effect in
      accordance with its respective terms and hereby is ratified and
      confirmed in all respects.  Except as expressly set forth herein, the
      execution, delivery, and performance of this Amendment shall not operate
      as a waiver of, or as an amendment of, any right, power, or remedy of
      Bank under the Agreement, as in effect prior to the date hereof.
    

    
      4.  Borrower represents and warrants that the Representations and
      Warranties contained in the Agreement are true and correct as of the
      date of this Amendment, and that no Event of Default has occurred and is
      continuing.  
    

    
      5.  As a condition to the effectiveness of this Amendment, Bank shall
      have received, in form and substance satisfactory to Bank:
    

    
             (a)  this Amendment, duly executed by Borrower; and
    

    
             (b)  all reasonable fees and expenses incurred through the date
      of this Amendment, which may be debited from any of Borrower's accounts.
    

    
      6.  This Amendment may be executed in two or more counterparts, each of
      which shall be deemed an original, but all of which together shall
      constitute one instrument.
    

    

    

    
      [Balance of Page Intentionally Left Blank]
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
      the first date above written.
    

    	
           
        	
          SURMODICS, INC.
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
               /s/ Andrew D. C. LaFrence
          

        
	

        	

        	
          
            Andrew D.C. LaFrence
          

        
	

        	
          
            Title:
          

        	
          
            Vice President Finance and CFO
          

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	

        	
          
            WELLS FARGO BANK, NATIONAL ASSOCIATION
          

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
               /s/ Jerry Iwata
          

        
	

        	

        	
          
             
          

        
	

        	
          
            Title:
          

        	
          
            Vice President
          

        

    

    

    

    
      [Signature Page to First Amendment to Credit Agreement]EXHIBIT 10.1

 

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 24b-2

 

Supplemental Agreement No. 3
 to
 Purchase Agreement No. 03791
 between
 THE BOEING COMPANY
 and
 AIR LEASE CORPORATION

 

THIS SUPPLEMENTAL AGREEMENT is entered into as of July 11, 2014 (Supplemental Agreement No. 3) by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer);

 

WHEREAS, Boeing and Customer have entered into Purchase Agreement No. 03791 dated as of July 3, 2012 as amended and supplemented (Purchase Agreement) relating to the purchase and sale of Model 737-8 and 737-9 aircraft (Aircraft);

 

WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to revise the [*];

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to incorporate provisions related to [*];

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to incorporate Letter Agreement Number HAZ-PA-03791-LA-1400773, [*]; and

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to document [*].

 

All terms used but not defined in this Supplemental Agreement No. 3 have the same meaning as in the Purchase Agreement.

 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:

 

 

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

 

 

1.            TABLE OF CONTENTS.

 

The Table of Contents of the Purchase Agreement is deleted in its entirety and replaced by a new Table of Contents, attached as Enclosure 1 to this Supplemental Agreement No. 3, which reflects the revisions set forth in this Supplemental Agreement No. 3.

 

2.            TABLES.

 

(a)       Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, is deleted in its entirety and replaced by a revised Table 1A, attached as Enclosure 2 to this Supplemental Agreement No. 3 [*].

 

(b)       Table 1B to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, is deleted in its entirety and replaced by a revised Table 1B, attached as Enclosure 3 to this Supplemental Agreement No. 3 [*].

 

3.            LETTER AGREEMENTS.

 

(a)       Letter Agreement HAZ-PA-03791-LA-1208078, Advance Payment Matters, is deleted in its entirety and replaced by revised letter agreement HAZ-PA-03791-LA-1208078R1, Advance Payment Matters, provided as Enclosure 4 to this Supplemental Agreement No. 3 and documents [*].

 

(b)       Attachment A to Letter Agreement HAZ-PA-03791-LA-1208079, [*], is deleted in its entirety and replaced with a revised Attachment A (identified by “SA-3”), attached as Enclosure 5 to this Supplemental Agreement No. 3 and incorporated into the Purchase Agreement by this reference.  The revised Attachment A is updated to reflect [*].

 

(c)        To document its previous execution and as an administrative matter, Letter Agreement HAZ-PA-03791-LA-1400773, [*], is added to the Table of Contents and, by this reference, is incorporated into the Purchase Agreement.

 

(d)       Letter Agreement HAZ-PA-03791-LA-1401489, [*], attached as Enclosure 7 to this Supplemental Agreement No. 3, is incorporated into the Purchase Agreement by this reference.  Letter Agreement HAZ-PA-03791-LA-1208089R1 [*].

 

4.            ADDITIONAL CONDITIONS.

 

This Supplemental Agreement No. 3 is contingent upon the prior or concurrent execution of Supplemental Agreement No. 7 to Purchase Agreement No. 03658, and Boeing’s receipt of payment required thereunder.

 

The Purchase Agreement will be deemed to be amended to the extent herein provided and as so amended will continue in full force and effect.

 

 

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

 

	
HAZ-PA-03791
    	
SA-3
    

2

BOEING PROPRIETARY

 

 

EXECUTED IN DUPLICATE as of the day and year first above written.

 

	
THE BOEING COMPANY
    	
 
    	
AIR   LEASE CORPORATION
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Jeffrey Solomon
    	
 
    	
By:
    	
/s/ Steven F. Udvar-Házy
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Its:
    	
Attorney-In-Fact
    	
 
    	
Its:
    	
Chairman & CEO
    	
 
    

 

Attachments

 

 

	
HAZ-PA-03791
    	
SA-3
    

3

BOEING PROPRIETARY

 

 

 

Enclosure 1

 

 

TABLE OF CONTENTS

 

	
ARTICLES
    	
 
    	
SA No.
    	
 
    
	
Article   1.
    	
Quantity,   Model and Description
    	
 
    	
 
    
	
Article   2.
    	
Delivery   Schedule
    	
 
    	
 
    
	
Article   3.
    	
Price
    	
 
    	
 
    
	
Article   4.
    	
Payment
    	
 
    	
 
    
	
Article   5.
    	
Additional   Terms
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
TABLE
    	
 
    	
 
    	
 
    
	
1A.
    	
737-8   Aircraft Information Table
    	
SA-3
    	
 
    
	
1B.
    	
737-9   Aircraft Information Table
    	
SA-3
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
EXHIBIT
    	
 
    	
 
    	
 
    
	
A1.
    	
737-8   Aircraft Configuration
    	
 
    	
 
    
	
A2.
    	
737-9 Aircraft Configuration
    	
 
    	
 
    
	
B.
    	
Aircraft   Delivery Requirements and Responsibilities
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
SUPPLEMENTAL   EXHIBITS
    	
 
    	
 
    
	
AE1.
    	
Escalation   Adjustment - Airframe and   Optional Features
    	
 
    	
 
    
	
BFE1.
    	
BFE   Variables
    	
 
    	
 
    
	
CS1.
    	
Customer   Support Variables
    	
 
    	
 
    
	
EE1.
    	
[*],   Engine Warranty and Patent Indemnity
    	
 
    	
 
    
	
SLP1.
    	
Service   Life Policy Components
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
LETTER   AGREEMENTS
    	
 
    	
 
    
	
LA-1208077
    	
AGTA Matters
    	
 
    	
 
    
	
LA-1208078R1
    	
Advance   Payment Matters
    	
SA-3
    	
 
    
	
LA-1208079
    	
[*]
    	
 
    	
 
    
	
 
    	
Attachment   A
    	
SA-3
    	
 
    
	
LA-1208080
    	
Assignment   of Customer’s Interest to a Subsidiary or Affiliate
    	
 
    	
 
    
	
LA-1208081
    	
Other   Matters
    	
 
    	
 
    
	
LA-1208082
    	
Demonstration   Flight Waiver
    	
 
    	
 
    
	
LA-1208083
    	
[*]   
    	
 
    	
 
    
	
LA-1208084
    	
Leasing   Matters
    	
 
    	
 
    
	
LA-1208085
    	
Liquidated   Damages for Non-Excusable Delay
    	
 
    	
 
    
	
LA-1208086
    	
Loading   of Customer Software
    	
 
    	
 
    
	
LA-1208087
    	
Open   Matters for 737-8 and 737-9 Aircraft
    	
 
    	
 
    
	
LA-1208088
    	
Performance   Matters
    	
 
    	
 
    
	
LA-1208089R1
    	
[*]
    	
SA-2
    	
 
    
	
LA-1208090
    	
Special   Matters
    	
 
    	
 
    
	
LA-1208091
    	
AGTA   Term Revisions for 737-8 and 737-9 Aircraft
    	
 
    	
 
    
	
LA-1208092
    	
[*]
    	
 
    	
 
    
	
LA-1208958
    	
[*]
    	
 
    	
 
    
	
LA-1208963
    	
[*]
    	
 
    	
 
    
	
LA-1209052
    	
[*]
    	
 
    	
 
    
	
LA-1300032
    	
[*]
    	
SA-2
    	
 
    

 

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

 

	
HAZ-PA-03791
    	
 
    	
SA-3
    

 

BOEING PROPRIETARY

 

 

Enclosure 1

 

 

	
LA-1400773
    	
[*]
    	
SA-3
    	
 
    
	
LA-1401489
    	
[*]
    	
SA-3
    	
 
    

 

 

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

 

	
HAZ-PA-03791
    	
 
    	
SA-3
    

 

BOEING PROPRIETARY

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
Airframe   Model/MTOW: 
    	
737-8
    	
181200 pounds
    	
 
    	
Detail   Specification:
    	
D019A007-B (5/18/2012)
    	
4Q11 External   Fcst~4Q11 External Fcst - Engines
    
	
Engine   Model/Thrust: 
    	
CFM-LEAP-1B
    	
0 pounds
    	
 
    	
Airframe   Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Airframe   Price:
    	
 
    	
[*]
    	
 
    	
Engine   Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Optional   Features:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Sub-Total   of Airframe and Features:
    	
 
    	
[*]
    	
 
    	
Airframe   Escalation Data:
    	
 
    	
 
    
	
Engine   Price (Per Aircraft):
    	
 
    	
[*]
    	
 
    	
Base   Year Index (ECI):
    	
[*]
    	
 
    
	
Aircraft   Basic Price (Excluding BFE/SPE):
    	
 
    	
[*]
    	
 
    	
Base   Year Index (CPI):
    	
[*]
    	
 
    
	
Buyer   Furnished Equipment (BFE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Seller   Purchased Equipment (SPE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Refundable   Deposit/Aircraft at Proposal Accept:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
									

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*] 2017
    	
1
    	
43294**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43295**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43296**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
60387
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43297**
   43298**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 1 of 6

 
    

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
1
    	
43328**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43302**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43299
   43300*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43301
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43303, 60388
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43304*
   43316
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43305
   43306
    43332*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43307
   43315
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 2 of 6

 
    

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
2
    	
43308*
   43309
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43310
   43313*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43311
   43312
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43317*
   43318
   43319
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43320
   43321
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43323
   43324
   43345*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43325
   43327*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43347
   43329*
   43330
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 3 of 6

 
    

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
1
    	
43331
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43335
   43334
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43338
   43336
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43340*
   43341
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43342
   43343
   43344*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43349
   43350
   43351*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43352
   43354
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43355*
   43357
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 4 of 6

 
    

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
2
    	
43358*
   43359
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43361
   43362
   43377
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43363
   43364
   43378
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43366
   43367*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
3
    	
43368
   43369
   43370*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43372
   43373
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43375
   43376*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43380
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 5 of 6

 
    

 

 

 

	
 
    	
Table   1A
    	
Enclosure 2
    
	
 
    	
to   Purchase Agreement No. PA-03791
    	
 
    
	
 
    	
737-8   Aircraft
    	
 
    
	
 
    	
737-8   Aircraft Delivery, Description, Price and Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
1
    	
43382
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43383
   43384*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43386*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43387*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43388
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43390
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43392
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*] 2022
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Total:
    	
82
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

[*]

*[*]

**[*]

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

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60521, 63035
    	
Page 6 of 6

 
    

 

 

 

	
 
    	
Table   1B
    	
Enclosure 3
    
	
 
    	
to Purchase Agrement No. PA-03791
    	
 
    
	
 
    	
737-9 Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
Airframe Model/MTOW:
    	
737-9
    	
194700 pounds
    	
 
    	
Detail Specification:
    	
D019A007-B   (5/18/2012)
    	
4Q11   External Fcst~4Q11 External Fcst - Engines
    
	
Engine Model/Thrust:
    	
CFM-LEAP-1B
    	
0 pounds
    	
 
    	
Airframe Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Airframe Price:
    	
 
    	
[*]
    	
 
    	
Engine Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Optional Features:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Sub-Total of Airframe and   Features:
    	
 
    	
[*]
    	
 
    	
Airframe Escalation Data:
    	
 
    	
 
    
	
Engine Price (Per Aircraft):
    	
 
    	
[*]
    	
 
    	
Base Year Index (ECI):
    	
[*]
    	
 
    
	
Aircraft Basic Price (Excluding BFE/SPE):
    	
 
    	
[*]
    	
 
    	
Base Year Index (CPI):
    	
[*]
    	
 
    
	
Buyer Furnished Equipment (BFE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Seller Purchased Equipment (SPE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Refundable Deposit/Aircraft at Proposal Accept:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
									

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*] 2020
    	
1
    	
43322*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43326, 60389
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43333
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43314
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43337*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60522-1F.TXT
    	
Page 1 of 3

 
    

 

 

 

 

	
 
    	
Table   1B
    	
Enclosure 3
    
	
 
    	
to Purchase Agrement No. PA-03791
    	
 
    
	
 
    	
737-9 Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
1
    	
43339
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43353*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43356
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
2
    	
43360, 60390
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43365
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43371*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43374
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43379
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60522-1F.TXT
    	
Page 2 of 3

 
    

 

 

 

	
 
    	
Table   1B
    	
Enclosure 3
    
	
 
    	
to Purchase Agrement No. PA-03791
    	
 
    
	
 
    	
737-9 Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
1
    	
43381
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43393
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43385
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43389*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43346
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43391
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
1
    	
43348
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*] 2022
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Total:
    	
22
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

[*]

*[*]

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

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 60522-1F.TXT
    	
Page 3 of 3

 
    

 

 

	

    	
Enclosure 4

 

The   Boeing Company
   P.O. Box 3707
   Seattle, WA  98124-2207

 
    

 

HAZ-PA-03791-LA-1208078R1

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

 

	
Subject:
    	
Advance   Payment Matters
    
	
 
    	
 
    
	
Reference:
    	
Purchase   Agreement No. PA-03791 (Purchase   Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8   and 737-9 aircraft (Aircraft)
    

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement HAZ-PA-03791-LA-1208078 and amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.

 

The Purchase Agreement incorporates the terms and conditions of HAZ-AGTA between Boeing and Customer.  This Letter Agreement modifies certain terms and conditions of the AGTA with respect to the Aircraft.

 

1.                                   Deferred Advance Payment Schedule.

 

1.1                          Notwithstanding the Aircraft advance payment schedule provided in Table 1 of the Purchase Agreement, Customer may elect to pay an alternative fixed advance payment schedule for the Aircraft, as set forth below (Alternative Advance Payment Schedule).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
HAZ-PA-03791-LA-1208078R1
    	
SA-3
    
	
Advance Payment Matters
    	
Page 1

 
    

 

BOEING PROPRIETARY

 

 

	

    	
Enclosure 4

 

    

 
    

 

	
[*]

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

 

	
 
    	
1.2
    	
[*]
    
	
 
    	
 
    	
 
    
	
2.
    	
 
    	
[*]
    
	
 
    	
 
    	
 
    
	
3.
    	
 
    	
[*]
    
	
 
    	
 
    	
 
    
	
4.
    	
[*]
    	
 
    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

	
HAZ-PA-03791-LA-1208078R1
    	
SA-3
    
	
Advance Payment Matters
    	
Page 2

 
    

 

BOEING PROPRIETARY

 

 

	

    	
Enclosure 4

 

    

 
    

 

5.                                   Assignment.

 

Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s taking title to the Aircraft at the time of delivery and leasing the Aircraft and cannot be assigned in whole or, in part.

 

6.                                   Confidential Treatment.

 

Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 6) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 6.  Customer shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

	
THE BOEING   COMPANY
    	
 
    
	
 
    	
 
    	
 
    
	
By
    	
/s/ Jeffrey   Solomon
    	
 
    
	
 
    	
 
    	
 
    
	
Its
    	
Attorney-in-fact
    	
 
    
	
 
    	
 
    
	
ACCEPTED   AND AGREED TO this
    	
 
    
	
 
    	
 
    	
 
    
	
Date:
    	
July 11,   2014
    	
 
    
	
 
    	
 
    
	
AIR LEASE CORPORATION
    	
 
    
	
 
    	
 
    	
 
    
	
By
    	
/s/ Steven F.   Udvar-Házy
    	
 
    
	
 
    	
 
    	
 
    
	
Its
    	
Chairman &   CEO
    	
 
    
				

 

 

 

	
HAZ-PA-03791-LA-1208078R1
    	
SA-3
    
	
Advance Payment Matters
    	
Page 3

 
    

 

BOEING PROPRIETARY

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
Airframe Model/MTOW:
    	
737-9
    	
194700 pounds
    	
 
    	
Detail Specification:
    	
D019A007-B   (5/18/2012)
    	
4Q11   External Fcst~4Q11 External Fcst - Engines
    
	
Engine Model/Thrust:
    	
CFM-LEAP-1B
    	
0 pounds
    	
 
    	
Airframe Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Airframe Price:
    	
 
    	
[*]
    	
 
    	
Engine Price Base Year/Escalation Formula:
    	
[*]
    	
[*]
    
	
Optional Features:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Sub-Total of Airframe and   Features:
    	
 
    	
[*]
    	
 
    	
Airframe Escalation Data:
    	
 
    	
 
    
	
Engine Price (Per Aircraft):
    	
 
    	
[*]
    	
 
    	
Base Year Index (ECI):
    	
[*]
    	
 
    
	
Aircraft Basic Price (Excluding BFE/SPE):
    	
 
    	
[*]
    	
 
    	
Base Year Index (CPI):
    	
[*]
    	
 
    
	
Buyer Furnished Equipment (BFE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
Seller Purchased Equipment (SPE) Estimate:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Refundable Deposit/Aircraft at Proposal Accept:
    	
 
    	
[*]
    	
 
    	
 
    	
 
    	
 
    
									

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*] 2017
    	
 
    	
43294**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43295**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43296**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
60387
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
 

43297** 

43298**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 1 of 6

 
    

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
 
    	
 
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43328**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43302**
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43299
   43300*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43301
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43303, 60388
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43304*
   43316
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43305
   43306
    43332*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43307
   43315
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 2 of 6

 
    

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
 
    	
43308*
   43309
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43310
   43313*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43311
   43312
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43317*
   43318
   43319
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43320
   43321
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43323
   43324
   43345*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43325
   43327*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43347
   43329*
   43330
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 3 of 6

 
    

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
 
    	
43331
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43335
   43334
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43338
   43336
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43340*
   43341
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43342
   43343
   43344*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43349
   43350
   43351*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43352
   43354
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43355*
   43357
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 4 of 6

 
    

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
 
    	
43358*
   43359
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43361
   43362
   43377
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43363
   43364
   43378
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43366
   43367*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43368
   43369
   43370*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43372
   43373
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43375
   43376*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43380
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 5 of 6

 
    

 

 

 

	
 
    	
Attachment   A
    	
Enclosure 5
    
	
 
    	
to Letter Agreement No. HAZ-PA-03791-LA-1208079
    	
 
    
	
 
    	
737-9 [*]
    	
 
    
	
 
    	
Aircraft Delivery, Description, Price and   Advance Payments
    	
 
    

 

	
 
    	
 
    	
Manufacturer
    	
Escalation
    	
 
    	
 
    	
Escalation Estimate
    	
Advance Payment Per Aircraft (Amts.   Due/Mos. Prior to Delivery):
    
	
Delivery
    	
Number of
    	
Serial
    	
Factor
    	
 
    	
 
    	
Adv Payment Base
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Date
    	
Aircraft
    	
No.
    	
(Airframe)
    	
 
    	
 
    	
Price Per A/P
    	
 
    	
 
    	
 
    	
 
    
	
[*]
    	
 
    	
43382
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43383
   43384*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43386*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43387*
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43388
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43390
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
 
    	
43392
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*]
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
[*] 2022
    	
[*]
    	
 
    	
 
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    	
[*]
    
	
Total:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

 

[*]

*[*]

**[*]

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

 

	
 
    	
Boeing   Proprietary
    	
SA-3
    
	
HAZ-PA-03791 59874, 65354
    	
Page 6 of 6

 
    

 

 

 

	

    	
The   Boeing Company
   P.O. Box 3707
   Seattle, WA  98124-2207

 
    

 

 

 

 

HAZ-PA-03791-LA-1400773

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:            [*]

 

Reference:     Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 aircraft (Aircraft)

 

Letter Agreement HAZ-PA-03791-LA-1208089, [*]

 

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.

 

1.            [*]

 

1.1         [*]

 

1.2         [*]

 

2.            Confidential Treatment.

 

Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and Customer’s subsidiaries which own, lease or manage Aircraft (including their officers, directors and employees with a need to know), in each case who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 2) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer or Customer’s subsidiaries which own, lease or manage Aircraft who have a need to know such information and have signed a confidentiality agreement in the same form and

 

 

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

 

	
HAZ-PA-03791-LA-1400773
    	
 
    
	
[*]
    	
LA Page 1
    
	
BOEING PROPRIETARY
    

 

 

 

 

substance similar to this paragraph 2.  Customer shall be fully responsible to Boeing for compliance with such obligations.

 

 

Very truly yours,

 

	
THE BOEING   COMPANY
    	
 
    
	
 
    	
 
    
	
By
    	
/s/ Jeffrey   Solomon
    	
 
    
	
 
    	
 
    
	
Its
    	
Attorney-In-Fact
    	
 
    
	
 
    	
 
    
	
ACCEPTED   AND AGREED TO this
    	
 
    
	
 
    	
 
    
	
Date:
    	
July 11,   2014
    	
 
    
	
 
    	
 
    
	
AIR LEASE CORPORATION
    	
 
    
	
 
    	
 
    
	
By
    	
/s/ Steven F.   Udvar-Házy
    	
 
    
	
 
    	
 
    
	
Its
    	
Chairman &   CEO
    	
 
    
				

 

 

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

 

	
HAZ-PA-03791-LA-1400773
    	
 
    
	
[*]
    	
LA Page 2
    
	
BOEING PROPRIETARY
    

 

 

	
 
    	
Enclosure 7
    
	
 
    	
 
    
	

    	
The   Boeing Company
   P.O. Box 3707
   Seattle, WA  98124-2207
    

 

 

 

 

HAZ-PA-03791-LA-1401489

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:            [*]

 

 

Reference:     Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 aircraft (Aircraft)

 

Letter Agreement HAZ-PA-03791-LA-1208089, [*]

 

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.

 

1.            [*]

 

1.1         [*]

 

1.2         [*]

 

2.            Confidential Treatment.

 

Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and Customer’s subsidiaries which own, lease or manage Aircraft (including their officers, directors and employees with a need to know), in each case who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 2) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer or Customer’s subsidiaries which own, lease or manage Aircraft who have a need to know such information and have signed a confidentiality agreement in the same form and 

 

 

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

 

	
HAZ-PA-03791-LA-1401489
    	
SA-3
    
	
[*]
    	
LA Page 1

 
    
	
BOEING PROPRIETARY
    

 

 

Enclosure 7

 

 

 

substance similar to this paragraph 2.  Customer shall be fully responsible to Boeing for compliance with such obligations.

 

 

 

Very truly yours,

 

	
THE BOEING   COMPANY
    	
 
    
	
 
    	
 
    
	
By
    	
/s/ Jeffrey   Solomon
    	
 
    
	
 
    	
 
    
	
Its
    	
Attorney-In-Fact
    	
 
    
	
 
    	
 
    
	
ACCEPTED   AND AGREED TO this
    	
 
    
	
 
    	
 
    
	
Date:
    	
July 11,   2014
    	
 
    
	
 
    	
 
    
	
AIR LEASE CORPORATION
    	
 
    
	
 
    	
 
    
	
By
    	
/s/ Steven F.   Udvar-Házy
    	
 
    
	
 
    	
 
    
	
Its
    	
Chairman &   CEO
    	
 
    
				

 

 

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

 

	
HAZ-PA-03791-LA-1401489
    	
SA-3
    
	
[*]
    	
LA Page 2

 
    
	
BOEING PROPRIETARY

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