SEC Info - Air Lease Corp. - ‘10-Q’ for 3/31/22

SEC Info℠

Home

Help

Please Sign In

Air Lease Corp. – ‘10-Q’ for 3/31/22 – ‘EX-10.3’

On: Thursday, 5/5/22, at 4:05pm ET · For: 3/31/22 · Accession #: 1628280-22-12628 · File #: 1-35121

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/05/22  Air Lease Corp.                   10-Q        3/31/22   78:7.9M                                   Workiva Inc Wde… FA01/FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    761K 
 2: EX-10.1     Material Contract                                   HTML     39K 
11: EX-10.10    Material Contract                                   HTML    276K 
 3: EX-10.2     Material Contract                                   HTML     38K 
 4: EX-10.3     Material Contract                                   HTML     36K 
 5: EX-10.4     Material Contract                                   HTML     38K 
 6: EX-10.5     Material Contract                                   HTML     55K 
 7: EX-10.6     Material Contract                                   HTML     71K 
 8: EX-10.7     Material Contract                                   HTML     59K 
 9: EX-10.8     Material Contract                                   HTML    196K 
10: EX-10.9     Material Contract                                   HTML    104K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
14: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
15: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
21: R1          Cover Page                                          HTML     81K 
22: R2          Consolidated Balance Sheets                         HTML     99K 
23: R3          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
24: R4          Consolidated Statements of Income and               HTML    134K 
                Comprehensive Income                                             
25: R5          Consolidated Statements of Shareholders' Equity     HTML     85K 
26: R6          Consolidated Statements of Shareholders' Equity     HTML     23K 
                (Parenthetical)                                                  
27: R7          Consolidated Statements of Cash Flows               HTML    121K 
28: R8          Consolidated Statements of Cash Flows               HTML     23K 
                (Parenthetical)                                                  
29: R9          Company Background and Overview                     HTML     24K 
30: R10         Basis of Preparation and Critical Accounting        HTML     25K 
                Policies                                                         
31: R11         Debt Financing                                      HTML     49K 
32: R12         Flight equipment subject to operating lease         HTML     31K 
33: R13         Commitments and Contingencies                       HTML     64K 
34: R14         Rental Income                                       HTML     28K 
35: R15         (Loss)/Earnings Per Share                           HTML     46K 
36: R16         Fair Value Measurements                             HTML     27K 
37: R17         Shareholders' Equity                                HTML     44K 
38: R18         Stock-based Compensation                            HTML     36K 
39: R19         Aircraft Under Management                           HTML     26K 
40: R20         Net Investment in Sales-type Lease                  HTML     33K 
41: R21         Subsequent Events                                   HTML     31K 
42: R22         Basis of Preparation and Critical Accounting        HTML     29K 
                Policies (Policies)                                              
43: R23         Debt Financing (Tables)                             HTML     42K 
44: R24         Flight equipment subject to operating lease         HTML     29K 
                (Tables)                                                         
45: R25         Commitments and Contingencies (Tables)              HTML     60K 
46: R26         Rental Income (Tables)                              HTML     28K 
47: R27         (Loss) Earnings Per Share (Tables)                  HTML     43K 
48: R28         Shareholders' Equity (Tables)                       HTML     41K 
49: R29         Stock-based Compensation (Tables)                   HTML     32K 
50: R30         Net Investment in Sales-type Lease (Tables)         HTML     35K 
51: R31         Subsequent Events (Tables)                          HTML     30K 
52: R32         Company Background and Overview (Details)           HTML     26K 
53: R33         Debt Financing - Consolidated Debt (Details)        HTML     42K 
54: R34         Debt Financing - Narrative (Details)                HTML     77K 
55: R35         Debt Financing - Maturities of Debt (Details)       HTML     39K 
56: R36         Flight equipment subject to operating lease -       HTML     39K 
                Schedule of Flight Equipment Subject to Operating                
                Lease (Details)                                                  
57: R37         Flight equipment subject to operating lease -       HTML     31K 
                Narrative (Details)                                              
58: R38         Commitments and Contingencies - Narrative           HTML     44K 
                (Details)                                                        
59: R39         Commitments and Contingencies - Aircraft            HTML     66K 
                Acquisition (Details)                                            
60: R40         Commitments and Contingencies -Aircraft             HTML     34K 
                Acquisition at Aggregate Purchase Price (Details)                
61: R41         Rental Income (Details)                             HTML     35K 
62: R42         (Loss)/Earnings Per Share - Narrative (Details)     HTML     35K 
63: R43         (Loss)/Earnings Per Share - Reconciliation of       HTML     71K 
                Basic and Diluted Earnings per Share (Details)                   
64: R44         Fair Value Measurements (Details)                   HTML     34K 
65: R45         Shareholders' Equity - Narrative (Details)          HTML     79K 
66: R46         Shareholders' Equity - Preferred Stock Issued and   HTML     49K 
                Outstanding (Details)                                            
67: R47         Stock-based Compensation - Narrative (Details)      HTML     64K 
68: R48         Stock-based Compensation - Unvested Restricted      HTML     50K 
                Stock Units Activity (Details)                                   
69: R49         Aircraft Under Management (Details)                 HTML     63K 
70: R50         Net Investment in Sales-type Lease - Narrative      HTML     22K 
                (Details)                                                        
71: R51         Net Investment in Sales-type Lease - Components of  HTML     29K 
                Investment in Sales-Type Leases, Net (Details)                   
72: R52         Net Investment in Sales-type Lease - Future         HTML     37K 
                Minimum Lease Payments to be Received on                         
                Sales-type Lease (Details)                                       
73: R53         Subsequent Events - Dividends Declared (Details)    HTML     35K 
76: XML         IDEA XML File -- Filing Summary                      XML    122K 
74: XML         XBRL Instance -- al-20220331_htm                     XML   1.10M 
75: EXCEL       IDEA Workbook of Financial Reports                  XLSX     68K 
17: EX-101.CAL  XBRL Calculations -- al-20220331_cal                 XML    175K 
18: EX-101.DEF  XBRL Definitions -- al-20220331_def                  XML    530K 
19: EX-101.LAB  XBRL Labels -- al-20220331_lab                       XML   1.30M 
20: EX-101.PRE  XBRL Presentations -- al-20220331_pre                XML    794K 
16: EX-101.SCH  XBRL Schema -- al-20220331                           XSD    138K 
77: JSON        XBRL Instance as JSON Data -- MetaLinks              309±   451K 
78: ZIP         XBRL Zipped Folder -- 0001628280-22-012628-xbrl      Zip    323K

‘EX-10.3’ — Material Contract

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

<! C: C:

Document

EXHIBIT 10.3

CERTAIN IDENTIFIED INFORMATION MARKED BY [*] HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE OF INFORMATION THAT THE REGISTRANT BOTH CUSTOMARILY AND ACTUALLY TREATS AS PRIVATE AND CONFIDENTIAL.

AMENDMENT N°6

TO THE

[*] AGREEMENT

BETWEEN

AIRBUS S.A.S.

and

AIR LEASE CORPORATION

[*]


ALC – Amendment N°6 to [*] Agreement
Ref. CLC-CT2200428						Page 1/4

This amendment n°6 (the “Amendment N°6”) dated 31 January 2022 is made

BETWEEN:

AIRBUS S.A.S., a French société par actions simplifiée, with its registered office at 2, rond-point Emile Dewoitine, 31700 Blagnac, France, registered with the Commercial and Companies Register of Toulouse under number 383 474 814 (the “Seller”),

and

AIR LEASE CORPORATION, a corporation organised and existing under the laws of the State of Delaware, U.S.A., having its principal place of business at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, California 90067, U.S.A. (the “Buyer”).

The Buyer and the Seller together are referred to as the “Parties” and individually as a “Party”.

WHEREAS:

A.[*]

B.[*]

C.[*]

D.[*]

E.[*]

F.[*]

G.[*]

H.[*]

I.[*]

[*] Agreement as amended and supplemented pursuant to the foregoing shall be referred to as the “[*] Agreement”.

J.The Parties now wish to enter into this Amendment N°6 in order to, among other things, [*], subject to the terms and conditions set out herein.

The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°6. Capitalised terms used herein and not otherwise defined in this Amendment N°6 shall have the meanings assigned to them in the [*] and/or the [*], and/or the [*], and/or the [*] Agreement, as applicable.

NOW IT IS HEREBY AGREED AS FOLLOWS:


ALC – Amendment N°6 to [*] Agreement
Ref. CLC-CT2200428						Page 2/4

1[*]

2INCONSISTENCY AND CONFIDENTIALITY

2.1In the event of any inconsistency between the terms and conditions of the [*] Agreement and those of this Amendment N°6, the latter shall prevail to the extent of such inconsistency, whereas the part of the [*] Agreement not concerned by such inconsistency shall remain in full force and effect.

2.2This Amendment N°6 reflects the understandings, commitments, agreements, representations and negotiations related to the matters set forth herein whatsoever, oral and written, and may not be varied except by an instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties.

2.3This Amendment N°6 shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for the implementation hereof.

3COUNTERPARTS

This Amendment N°6 may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.

4LAW AND JURISDICTION

This Amendment N°6 will be governed by and construed and the performance thereof will be determined in accordance with the laws of the State of New York, without giving effect to its conflicts of laws provisions that would result in the application of the law of any other jurisdiction.

The other provisions of Clause 7 of the [*] Agreement shall apply to this Amendment N°6 as if the same were set out in full herein, mutatis mutandis.


ALC – Amendment N°6 to [*] Agreement
Ref. CLC-CT2200428						Page 3/4

IN WITNESS WHEREOF this Amendment N°6 was entered into the day and year first above written.


For and on behalf of						For and on behalf of





AIR LEASE CORPORATION						AIRBUS S.A.S.





By: /s/ *Grant Levy*						By: /s/ *Benoît de Saint-Exupéry*

Its: Executive Vice President						Its: Senior Vice President, Contracts


ALC – Amendment N°6 to [*] Agreement
Ref. CLC-CT2200428						Page 4/4

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/15/24  Air Lease Corp.                   10-K       12/31/23   98:10M                                    Workiva Inc Wde… FA01/FA
 2/16/23  Air Lease Corp.                   10-K       12/31/22  101:12M                                    Workiva Inc Wde… FA01/FA

7 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/27/22  Air Lease Corp.                   8-K:1,2,7,9 4/26/22   13:1.1M                                   Donnelley … Solutions/FA
11/04/21  Air Lease Corp.                   10-Q        9/30/21   70:7.3M                                   Workiva Inc Wde… FA01/FA
10/13/21  Air Lease Corp.                   8-K:3,5,9  10/11/21   14:335K                                   Donnelley … Solutions/FA
 3/02/21  Air Lease Corp.                   8-K:3,5,9   3/02/21   14:335K                                   Donnelley … Solutions/FA
 3/04/19  Air Lease Corp.                   8-A12B                 3:107K                                   Donnelley … Solutions/FA
 3/27/18  Air Lease Corp.                   8-K:5,9     3/26/18    2:117K                                   Donnelley … Solutions/FA
 1/14/11  Air Lease Corp.                   S-1¶                  16:3.3M                                   Donnelley … Solutions/FA

↑Top

Filing Submission 0001628280-22-012628 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)