AIR LEASE CORP - FORM 10-Q - EX-10.1 - November 6, 2014

Attached files

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EX-10.5 - EX-10.5 - AIR LEASE CORPa14-19626_1ex10d5.htm
EX-12.1 - EX-12.1 - AIR LEASE CORPa14-19626_1ex12d1.htm
EX-31.1 - EX-31.1 - AIR LEASE CORPa14-19626_1ex31d1.htm
EX-10.2 - EX-10.2 - AIR LEASE CORPa14-19626_1ex10d2.htm
EXCEL - IDEA: XBRL DOCUMENT - AIR LEASE CORPFinancial_Report.xls
EX-32.2 - EX-32.2 - AIR LEASE CORPa14-19626_1ex32d2.htm
EX-31.2 - EX-31.2 - AIR LEASE CORPa14-19626_1ex31d2.htm
EX-32.1 - EX-32.1 - AIR LEASE CORPa14-19626_1ex32d1.htm
10-Q - 10-Q - AIR LEASE CORPa14-19626_110q.htm
EX-10.3 - EX-10.3 - AIR LEASE CORPa14-19626_1ex10d3.htm
EX-10.4 - EX-10.4 - AIR LEASE CORPa14-19626_1ex10d4.htm

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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