SEC Contract Filing

Filing Date: 2020-03-27

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.1</font><br>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">INDEMNIFICATION AGREEMENT</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">INDEMNIFICATION&#160; AGREEMENT, dated as of [&#8226;], between Aircastle Limited, a company incorporated under the laws of Bermuda with its registered office
 located at Clarendon House, 2 Church Street, Hamilton 11, Bermuda (the &#8220;Company&#8221;), and ____________(&#8220;Indemnitee&#8221;).</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available;</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, Indemnitee is a director and/or officer of the Company;</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Amended Bye-laws of the Company require the Company to indemnify and advance expenses to its directors and officers to the fullest extent
 permitted by law and the Indemnitee has agreed to serve, and continue to serve, as a director and/or officer of the Company in part in reliance on such Amended Bye-laws;</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Board of Directors of the Company has determined that the inability of the Company to retain and attract as directors and officers the
 most capable persons would be detrimental to the interests of the Company and that the Company therefore should seek to assure such persons that indemnification and directors&#8217; and officers&#8217; liability insurance coverage will be available in the
 future; and</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, in recognition of the foregoing, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to
 Indemnitee to the fullest extent permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the Company&#8217;s directors&#8217; and officers&#8217; liability insurance policies.</div>
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 <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">NOW, THEREFORE, in consideration of the premises and covenants contained herein and of Indemnitee continuing to serve the Company directly or, at its
 request, another enterprise, after the date hereof, the sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Company and Indemnitee hereby covenant and agree as follows:</div>
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 <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">1.</font>&#160;&#160; &#160; &#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Certain Definitions</u></font>.&#160; In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement:</font></div>
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 <td style="width: 36pt; vertical-align: top; align: right; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">(a)</td>
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 <div style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Change in Control</u></font>:&#160; shall be deemed to have occurred if (i) any &#8220;person&#8221; (as such
 term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than (x) Marubeni Corporation and Mizuho Leasing Company, Limited or their affiliates (each a &#8220;Shareholder&#8221;), (y) a trustee or other
 fiduciary holding securities under an employee benefit plan of the Company or (z) a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of shares of the
 Company, becomes the &#8220;benefi-cial owner&#8221; (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company&#8217;s then outstanding
 Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or
 nomination for election by the Company&#82