Attached files

file filename
EX-12.1 - EX-12.1 - AIR LEASE CORPal-20170630ex121af5bab.htm
EX-32.2 - EX-32.2 - AIR LEASE CORPal-20170630ex3225b19ae.htm
EX-32.1 - EX-32.1 - AIR LEASE CORPal-20170630ex321469b9b.htm
EX-10.2 - EX-10.2 - AIR LEASE CORPal-20170630ex102114cbb.htm
EX-10.4 - EX-10.4 - AIR LEASE CORPal-20170630ex104d35966.htm
EX-10.10 - EX-10.10 - AIR LEASE CORPal-20170630ex1010a2bd6.htm
EX-31.1 - EX-31.1 - AIR LEASE CORPal-20170630ex311771edb.htm
EX-31.2 - EX-31.2 - AIR LEASE CORPal-20170630ex3121542af.htm
EX-10.6 - EX-10.6 - AIR LEASE CORPal-20170630ex106aedc6b.htm
EX-10.9 - EX-10.9 - AIR LEASE CORPal-20170630ex109529845.htm
EX-10.5 - EX-10.5 - AIR LEASE CORPal-20170630ex1056766f0.htm
EX-10.8 - EX-10.8 - AIR LEASE CORPal-20170630ex108f2ce1a.htm
EX-10.1 - EX-10.1 - AIR LEASE CORPal-20170630ex10103e675.htm
EX-10.3 - EX-10.3 - AIR LEASE CORPal-20170630ex103e1f1b7.htm
10-Q - 10-Q - AIR LEASE CORPal-20170630x10q.htm

EXHIBIT 10.7

 

Confidential Treatment

Requested Pursuant to Rule 24b-2

 

Supplemental Agreement No. 10

to

Purchase Agreement No. 03791

between

THE BOEING COMPANY

and

AIR LEASE CORPORATION

 

THIS SUPPLEMENTAL AGREEMENT is entered into as of April 7,  2017 (Supplemental Agreement No. 10)  by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer).

All terms used but not defined in this Supplemental Agreement No. 10 have the same meaning as in the Purchase Agreement.

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; 

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

 

[*]

WHEREAS, Boeing and Customer desire to maintain [*] as the lessee for the [*].

 


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

 

 

 

 

HAZ-PA-03791

1

SA-10

 

BOEING PROPRIETARY


 

 

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

1.    Table of Contents.

The Table of Contents is deleted in its entirety, replaced by a new Table of Contents provided hereto as Enclosure 1 and incorporated into the Purchase Agreement by this reference.  The new Table of Contents reflects the revisions set forth in this Supplemental Agreement No. 10.

2.    TABLES.

Table 1A is deleted in its entirety, replaced by a revised Table 1A provided hereto as Enclosure 2 and incorporated into the Purchase Agreement by this reference.  This new Table 1A reflects the [*].

3.    LETTER AGREEMENTS.

A new Letter Agreement HAZ-PA-03791-LA-1701519 titled Special Matters related to [*]  is provided hereto as Enclosure 3 and incorporated into the Purchase Agreement by this reference.  [*].

 

Customer acknowledges and agrees that Supplemental Agreement No. 6 to Purchase Agreement No. 3290 will be executed prior to or concurrent with this Supplemental Agreement.

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. The terms of this Supplemental Agreement No. 10 expires if not executed by April 14, 2017.

 

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

 

 

 

 

 

THE BOEING COMPANY

 

AIR LEASE CORPORATION

 

 

 

 

 

By:

/s/ James E. Carpenter

 

By:

/s/ Grant Levy

 

 

 

 

 

Its:

Attorney‑In‑Fact

 

Its:

Executive Vice President

 

 

Attachments

 


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

 

 

 

 

 

HAZ-PA-03791

2

SA-10

 

BOEING PROPRIETARY


 

 

Enclosure 1

 

TABLE OF CONTENTS

 

 

 

 

ARTICLES

 

SA No.

Article 1.

Quantity, Model and Description

SA-4

Article 2.

Delivery Schedule

 

Article 3.

Price

 

Article 4.

Payment

 

Article 5.

Additional Terms

 

 

 

 

TABLE

 

 

1A

737-8 Block A Aircraft Information Table [*]

SA-10

1B

737-9 Block B Aircraft Information Table [*]

SA-9

1C

737-8 Block C Aircraft Information Table [*]

SA-5

1D

737-8 Block D Aircraft Information Table [*]

SA-7

 

 

 

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

SA-9

CS1

Customer Support Variables

 

EE1

[*], Engine Warranty and Patent Indemnity

 

SLP1

Service Life Policy Components

 

 

 

 

LETTER AGREEMENTS

 

LA-1208077

AGTA Matters

 

LA-1208078R3

Advance Payment Matters

SA-5

LA-1208079

[*]

SA-4

LA-1208080

Assignment of Customer’s Interest to a Subsidiary or Affiliate

 

LA-1208081

Other Matters

 

LA-1208082

Demonstration Flight Waiver

 

LA-1208083R2

[*]

SA-5

LA-1208084

Leasing Matters

 

LA-1208085

Liquidated Damages for Non-Excusable Delay

 

LA-1208086

Loading of Customer Software

 

 


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

 

 

 

HAZ-PA-03791

i

SA-10

 

BOEING PROPRIETARY


 

 

Enclosure 1

 

TABLE OF CONTENTS

 

 

 

 

LA-1208087R1

Open Matters for 737-8 and 737-9 Aircraft

SA-4

LA-1208088

Performance Matters

 

LA-1208089R1

[*]

SA-4

LA-1208090R5

Special Matters

SA-8

LA-1208091

AGTA Term Revisions for 737-8 and 737-9 Aircraft

 

LA-1208092

[*]

 

LA-1208958

[*]

 

LA-1208963

[*]

SA-4

LA-1209052

[*]

 

LA-1300032

[*]

SA-4

LA-1400773

[*]

SA-4

LA-1401489

[*]

SA-4

LA-1701519

Special Matters related to [*]

SA-10

 


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

 

 

 

 

 

HAZ-PA-03791

ii

SA-10

 

BOEING PROPRIETARY


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

737-8

181200 pounds

 

Detail Specification:

D019A007-B (5/18/2012)

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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]-2018

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

1 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 1 of 6

 


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] 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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

2 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 2 of 6

 


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] 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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

3 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 3 of 6

 


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] 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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

4 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 4 of 6

 


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] 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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

5 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 5 of 6

 


 

 

Enclosure 2

 

Table 1A

to Purchase Agreement No. PA-03791

737-8 Block A [*] 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

 

P.A.

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

Lessee

Exhibit A

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2022

[*]

[*]

[*]

[*]

[*]

[*]


Total:

82

 

 

 

 

 

 

 

 

 

 

 

[*]

 

Manufacturer serial number is subject to change due to production changes.

 

 


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

 

 

 

 

 

6 of 6

 

HAZ-PA-03791 60521, 63035

Boeing Proprietary

SA-10

Page 6 of 6

 


 

 

Enclosure 3

 

 

 

Picture 4

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

 

 

 

HAZ-PA-03791-LA-1701519

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:        Special Terms related to [*]

 

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) amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement will have the same meaning as in the Purchase Agreement.

 

Customer has selected [*]. Boeing will [*] on the following conditions.

 

1.        Responsibilities.

1.1      Customer will:

1.1.1   confirm to Boeing its selection of [*];

1.1.2   confirm to Boeing [*];

1.1.3   confirm to Boeing the price to be invoiced for the [*] as agreed upon [*] (Invoice Price) [*];  


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

 

 

 

 

1

 


Special Terms related to [*]

 

SA-10

LA Page 1

 

BOEING PROPRIETARY

 


 

 

Enclosure 3

Picture 1

 

 

1.2      Boeing will:

 

1.2.1   confirm the Invoice Price [*];  

1.2.2   issue purchase orders to [*] at the Invoice Price;

1.2.3   coordinate with [*] on technical issues;

1.2.4   ensure that the delivered [*] comply with the applicable specification; and

1.2.5   [*].

 

2.        [*].

2.1      [*] are deemed to be a [*] for the purposes of [*].

3.        [*].

3.1      [*].

3.2      [*].

4.        Changes.

After Boeing’s acceptance of the [*] described in paragraph 1.1.2, any changes to the [*] may only be made by [*].  [*].


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

 

 

 

 

2

 

HAZ-PA-03791-LA-1701519
Special Terms related to [*]

 

SA-10

LA Page 2

 

BOEING PROPRIETARY

 


 

 

Enclosure 3

Picture 2

 

 

Very truly yours,

 

 

 

THE BOEING COMPANY

 

 

 

 

By

/s/ James E. Carpenter

 

 

 

 

Its

Attorney-In-Fact

 

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

 

Date:

April 7, 2017

 

 

 

 

AIR LEASE CORPORATION

 

 

 

 

By

/s/ Grant Levy

 

 

 

 

Its

Executive Vice President

 

 

 

 

 

 

3

 

HAZ-PA-03791-LA-1701519
Special Terms related to [*]

 

SA-10

LA Page 3

 

BOEING PROPRIETARY