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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/09/20 Air Lease Corp. 10-Q 9/30/20 61:6.5M Toppan Merrill Bridge/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.07M 2: EX-10.1 Material Contract HTML 68K 3: EX-10.2 Material Contract HTML 40K 4: EX-10.3 Material Contract HTML 47K 5: EX-10.4 Material Contract HTML 50K 6: EX-10.5 Material Contract HTML 49K 7: EX-31.1 Certification -- §302 - SOA'02 HTML 21K 8: EX-31.2 Certification -- §302 - SOA'02 HTML 21K 9: EX-32.1 Certification -- §906 - SOA'02 HTML 19K 10: EX-32.2 Certification -- §906 - SOA'02 HTML 20K 17: R1 Document and Entity Information HTML 74K 18: R2 Consolidated Balance Sheets HTML 78K 19: R3 Consolidated Balance Sheets (Parenthetical) HTML 43K 20: R4 Consolidated Statements of Income and HTML 95K Comprehensive Income 21: R5 Consolidated Statements of Shareholders' Equity HTML 91K 22: R6 Consolidated Statement of Shareholders' Equity HTML 19K (Parenthetical) 23: R7 Consolidated Statements of Cash Flows HTML 107K 24: R8 Consolidated Statements of Cash Flows HTML 19K (Parenthetical) 25: R9 Company Background and Overview HTML 20K 26: R10 Basis of Preparation and Critical Accounting HTML 21K Policies 27: R11 Debt Financing HTML 74K 28: R12 Commitments and Contingencies HTML 68K 29: R13 Rental Income HTML 28K 30: R14 Earnings Per Share HTML 87K 31: R15 Fair Value Measurements HTML 23K 32: R16 Shareholders' Equity HTML 20K 33: R17 Stock-based Compensation HTML 64K 34: R18 Aircraft under management HTML 22K 35: R19 Flight Equipment Held for Sale HTML 19K 36: R20 Impact of COVID-19 Pandemic HTML 25K 37: R21 Subsequent Events HTML 19K 38: R22 Debt Financing (Tables) HTML 70K 39: R23 Commitments and Contingencies (Tables) HTML 64K 40: R24 Rental Income (Tables) HTML 27K 41: R25 Earnings Per Share (Tables) HTML 85K 42: R26 Stock-based Compensation (Tables) HTML 62K 43: R27 Company Background and Overview (Details) HTML 21K 44: R28 Debt Financing (Details) HTML 106K 45: R29 Debt Financing - Maturities of Debt (Details) HTML 35K 46: R30 Commitments and Contingencies (Details) HTML 84K 47: R31 Rental Income (Details) HTML 32K 48: R32 Earnings Per Share (Details) HTML 60K 49: R33 Fair Value Measurements - Assets and Liabilities HTML 22K Recurring and Non-recurring (Details) 50: R34 Fair Value Measurements - Debt Financing (Details) HTML 22K 51: R35 Shareholders' Equity (Details) HTML 44K 52: R36 Stock-based Compensation - Stock Options (Details) HTML 75K 53: R37 Stock-based Compensation - Restricted Stock HTML 54K (Details) 54: R38 Aircraft under management (Details) HTML 45K 55: R39 Flight Equipment held for sale (Details) HTML 22K 56: R40 Impact of COVID-19 Pandemic (Details) HTML 23K 57: R41 Subsequent Events (Details) HTML 32K 59: XML IDEA XML File -- Filing Summary XML 95K 16: XML XBRL Instance -- al-20200930x10q_htm XML 1.23M 58: EXCEL IDEA Workbook of Financial Reports XLSX 59K 12: EX-101.CAL XBRL Calculations -- al-20200930_cal XML 147K 13: EX-101.DEF XBRL Definitions -- al-20200930_def XML 430K 14: EX-101.LAB XBRL Labels -- al-20200930_lab XML 1.04M 15: EX-101.PRE XBRL Presentations -- al-20200930_pre XML 658K 11: EX-101.SCH XBRL Schema -- al-20200930 XSD 122K 60: JSON XBRL Instance as JSON Data -- MetaLinks 244± 373K 61: ZIP XBRL Zipped Folder -- 0001558370-20-013357-xbrl Zip 242K
EXHIBIT 10.1
CERTAIN IDENTIFIED INFORMATION MARKED BY [*] HAS BEEN EXCLUDED FROM THIS
EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE
COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED
AMENDMENT N° 15
TO THE
A350 FAMILY PURCHASE AGREEMENT
BETWEEN
AIRBUS S.A.S.
as Seller
and
AIR LEASE CORPORATION
As Buyer
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 1/6 |
AMENDMENT N° 15 TO THE
A350 FAMILY PURCHASE AGREEMENT
This amendment N°15 (the “Amendment N°15”) dated 31st August 2020 is made
BETWEEN:
AIRBUS S.A.S., a société par actions simplifiée, created and existing under French law having its registered office at 2, rond-point Emile Dewoitine, 31700 Blagnac, France (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 Seller together are referred to as the “Parties” and individually as a “Party”.
WHEREAS:
A. | The Buyer and the Seller have signed a purchase agreement with reference CLC-CT1103521 on 01 February 2013 for the manufacture and sale by the Seller and purchase by the Buyer of twenty-five (25) firm A350 Family aircraft hereinafter together with its Exhibits and Letter Agreements referred to as the “Purchase Agreement”. |
B. | On 03 March 2015, the Buyer and the Seller entered into an Amendment N°1 to the Purchase Agreement to modify the terms and conditions with respect to certain A350XWB Family Aircraft. |
C. | On 03 March 2015, the Buyer and the Seller entered into an Amendment N°2 to the Purchase Agreement in order to, among other things, provide for the manufacture and sale by the Seller and purchase by the Buyer of one (1) incremental A350-900 Aircraft. |
D. | On 08 September 2015, the Buyer and the Seller entered into an Amendment N°3 to the Purchase Agreement for (i) the manufacture and sale by the Seller and purchase by the Buyer of two (2) incremental A350-900 Aircraft and (ii) [*]. |
E. | On 14 April 2016, the Buyer and the Seller entered into an Amendment N°4 to the Purchase Agreement in order to (i) provide the terms by which the Seller shall manufacture and sell and the Buyer shall purchase one (1) incremental A350-900 Aircraft, and (ii) [*]. |
F. | On 25 May 2016, the Buyer and the Seller entered into an Amendment N°5 to the Purchase Agreement in order to [*]. |
G. | On 18 July 2016, the Buyer and the Seller entered into an Amendment N°6 to the Purchase Agreement in order to, among other things, (i) address specifications issues for both A350-900 Aircraft and A350-1000 Aircraft, (ii) [*] and (iii) [*]. |
H. | On 31 July 2017, the Buyer and the Seller entered into an Amendment N°7 to the Purchase Agreement in order to [*]. |
I. | On 27 December 2017, the Buyer and the Seller entered into an Amendment N°8 to the Purchase Agreement in order to (i) [*]. |
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 2/6 |
J. | On 01 June 2018, the Buyer and the Seller entered into an Amendment N°9 to the Purchase Agreement in order to [*]. |
K. | On 31 December 2018, the Buyer and the Seller agreed to [*]. |
L. | [*], the Buyer and the Seller have entered into an amendment N° 5 to the A330 Agreement dated as of 31 December 2018 to provide for [*]. |
M. | On 31 December 2018, the Buyer and the Seller entered into an Amendment N°10 to the Purchase Agreement in order to, among other things, (i) provide the terms under which the Seller shall manufacture and sell and the Buyer shall purchase three (3) incremental A350-900 aircraft and one (1) A350-1000 aircraft and (ii) [*]. |
N. | On 26 April 2019, the Buyer and the Seller entered into an Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10 in order to cancel and replace Clause 4 of the Original Letter Agreement. |
O. | On 15 May 2019, the Buyer and the Seller entered into an Amendment N°11 in order to [*]. |
P. | On 20 December 2019, the Buyer and the Seller entered into an Amendment N°12 in order to (i) provide the terms under which the Seller shall manufacture and sell and the Buyer shall purchase one (1) incremental A350-900 aircraft, [*]. |
Q. | On 21 February 2020, the Buyer and the Seller entered into an Amendment N°13 in order to [*]. |
R. | On 30 June 2020, the Buyer and the Seller entered into an Amendment N°14 in order to [*]. |
The Purchase Agreement as amended and supplemented pursuant to the foregoing being referred to as the “Agreement”.
S. | The Parties now wish to enter into this Amendment N°15 in order to, [*], pursuant to the terms and conditions set out herein. |
The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°15. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.
NOW IT IS HEREBY AGREED AS FOLLOWS:
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 3/6 |
1.[*]
2[*]
3 [*]
4 | INCONSISTENCY AND CONFIDENTIALITY |
4.1 | In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°15, 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. |
4.2 | This Amendment N°15 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. |
4.3 | This Amendment N°15 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. |
5 | COUNTERPARTS |
This Amendment N°15 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.
6 | LAW AND JURISDICTION |
This Amendment N°15 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 22.6 of the Purchase Agreement shall apply to this Amendment N°15 as if the same were set out in full herein, mutatis mutandis.
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 4/6 |
IN WITNESS WHEREOF this Amendment N°15 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 |
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 5/6 |
APPENDIX 1
APPENDIX 1
Delivery Schedule
CAC ID | Aircraft | Scheduled | Aircraft |
[*] | [*] | [*]-17 | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*] | [*] |
[*] | [*] | [*]-25 | [*] |
Amendment Nº15 to the ALC A350 Family PA Ref. CLC - CT2001909 | Page 6/6 |
LETTER AGREEMENT N° 1
AIR LEASE CORPORATION
2000 Avenue of the Stars, Suite 1000N
Los Angeles, California 90067, U.S.A.
August 31st, 2020
Subject : SPECIFIC TERMS
AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N°15 dated even date herewith (the “Amendment”) to the A350 Purchase Agreement dated as of February 1, 2013 (the “Agreement”) [*]. The Buyer and the Seller have agreed to set forth in this Letter Agreement N°1 to the Amendment (the “Letter Agreement”) certain additional terms and conditions regarding the A350 Aircraft as described in the Agreement.
Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement and the Amendment.
The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern.
Amendment Nº15 to the ALC A350 Purchase Agreement – Letter Agreement N°1 Ref. CLC - CT2001909 | Page 1/3 |
LETTER AGREEMENT N° 1
1SPECIFIC TERMS
[*]
2ASSIGNMENT
The provisions of Clause 21 of the Agreement shall apply to this Letter Agreement as if the same were set out in full herein, mutatis mutandis.
3 | LAW AND JURISDICTION |
This Letter Agreement 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 22.6 of the Purchase Agreement shall apply to this Letter Agreement as if the same were set out in full herein, mutatis mutandis.
Amendment Nº15 to the ALC A350 Purchase Agreement – Letter Agreement N°1 Ref. CLC - CT2001909 | Page 2/3 |
LETTER AGREEMENT N° 1
If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.
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 |
Amendment Nº15 to the ALC A350 Purchase Agreement – Letter Agreement N°1 Ref. CLC - CT2001909 | Page 3/3 |
LETTER AGREEMENT N° 2
AIR LEASE CORPORATION
2000 Avenue of the Stars, Suite 1000N
Los Angeles, California 90067, U.S.A.
August 31st, 2020
Subject : SPECIFIC PROVISIONS
AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N°15 dated even date herewith (the “Amendment”) to the A350 Purchase Agreement dated as of February 1, 2013 (the “Agreement”) [*]. The Buyer and the Seller have agreed to set forth in this Letter Agreement N°2 to the Amendment (the “Letter Agreement”) certain additional terms and conditions regarding the A350 Aircraft as described in the Agreement.
Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement and the Amendment.
The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern.
| |
Amendment Nº15 to the ALC A350 Family PA – Letter Agreement N°2 Ref. CLC - CT2001909 | Page 1/3 |
LETTER AGREEMENT N° 2
1 [*]
2ASSIGNMENT
The provisions of Clause 21 of the Agreement shall apply to this Letter Agreement as if the same were set out in full herein, mutatis mutandis.
3 | LAW AND JURISDICTION |
This Letter Agreement 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 22.6 of the Purchase Agreement shall apply to this Letter Agreement as if the same were set out in full herein, mutatis mutandis.
| |
Amendment Nº15 to the ALC A350 Family PA – Letter Agreement N°2 Ref. CLC - CT2001909 | Page 2/3 |
LETTER AGREEMENT N° 2
If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.
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 |
| |
Amendment Nº15 to the ALC A350 Family PA – Letter Agreement N°2 Ref. CLC - CT2001909 | Page 3/3 |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 11/9/20 | 8-K | ||
For Period end: | 9/30/20 | |||
2/1/13 | 8-K | |||
List all Filings |
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 2/17/22 Air Lease Corp. 10-K 12/31/21 105:12M Workiva Inc Wde… FA01/FA 2/22/21 Air Lease Corp. 10-K 12/31/20 83:13M Toppan Merrill Bridge/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/14/20 Air Lease Corp. 10-K 12/31/19 86:17M Toppan Merrill Bridge/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 |