SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Air Lease Corp – ‘10-K’ for 12/31/19 – ‘EX-10.107’

On:  Friday, 2/14/20, at 4:22pm ET   ·   For:  12/31/19   ·   Accession #:  1558370-20-836   ·   File #:  1-35121

Previous ‘10-K’:  ‘10-K’ on 2/21/19 for 12/31/18   ·   Next:  ‘10-K’ on 2/22/21 for 12/31/20   ·   Latest:  ‘10-K’ on 2/15/24 for 12/31/23   ·   8 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  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

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.22M 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    106K 
 7: EX-10.107   Material Contract                                   HTML     53K 
 8: EX-10.108   Material Contract                                   HTML    236K 
 9: EX-10.117   Material Contract                                   HTML     58K 
10: EX-10.118   Material Contract                                   HTML     69K 
11: EX-10.120   Material Contract                                   HTML     39K 
12: EX-10.121   Material Contract                                   HTML     49K 
13: EX-10.122   Material Contract                                   HTML     44K 
14: EX-10.123   Material Contract                                   HTML     47K 
15: EX-10.124   Material Contract                                   HTML    587K 
16: EX-10.148   Material Contract                                   HTML     33K 
 3: EX-10.28    Material Contract                                   HTML     39K 
 4: EX-10.43    Material Contract                                   HTML    458K 
 5: EX-10.56    Material Contract                                   HTML     80K 
 6: EX-10.82    Material Contract                                   HTML    298K 
17: EX-21.1     Subsidiaries List                                   HTML     25K 
18: EX-23.1     Consent of Experts or Counsel                       HTML     24K 
19: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
20: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
21: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
22: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
80: R1          Document and Entity Information                     HTML     88K 
44: R2          Consolidated Balance Sheets                         HTML     90K 
35: R3          Consolidated Balance Sheets (Parenthetical)         HTML     50K 
57: R4          Consolidated Statements of Income and               HTML    112K 
                Comprehensive Income                                             
82: R5          Consolidated Statements of Shareholders' Equity     HTML     77K 
46: R6          Consolidated Statement of Shareholders' Equity      HTML     25K 
                (Parenthetical)                                                  
37: R7          Consolidated Statements of Cash Flows               HTML    123K 
58: R8          Consolidated Statements of Cash Flows               HTML     25K 
                (Parenthetical)                                                  
77: R9          Summary of Significant Accounting Policies          HTML     76K 
34: R10         Debt Financing                                      HTML     86K 
42: R11         Interest Expense                                    HTML     43K 
84: R12         Shareholders' Equity                                HTML     34K 
62: R13         Rental Income                                       HTML     99K 
33: R14         Concentration of Risk                               HTML    136K 
41: R15         Income Taxes                                        HTML    114K 
83: R16         Commitments and Contingencies                       HTML     83K 
60: R17         Net Earnings Per Share                              HTML     74K 
32: R18         Fair Value Measurements                             HTML     30K 
43: R19         Stock-based Compensation                            HTML    116K 
74: R20         Aircraft under management                           HTML     29K 
69: R21         Flight Equipment Held for Sale                      HTML     25K 
31: R22         Quarterly Financial Data (Unaudited)                HTML     76K 
52: R23         Subsequent Events                                   HTML     25K 
73: R24         Summary of Significant Accounting Policies          HTML    115K 
                (Policies)                                                       
68: R25         Summary of Significant Accounting Policies          HTML     33K 
                (Tables)                                                         
30: R26         Debt Financing (Tables)                             HTML     72K 
51: R27         Interest Expense (Tables)                           HTML     43K 
75: R28         Rental Income (Tables)                              HTML     98K 
67: R29         Concentration of Risk (Tables)                      HTML    144K 
53: R30         Income Taxes (Tables)                               HTML    112K 
79: R31         Commitments and Contingencies (Tables)              HTML     78K 
45: R32         Net Earnings Per Share (Tables)                     HTML     72K 
36: R33         Stock-based Compensation (Tables)                   HTML    112K 
56: R34         Quarterly Financial Data (Unaudited) (Tables)       HTML     75K 
81: R35         Summary of Significant Accounting Policies          HTML     92K 
                (Details)                                                        
47: R36         Debt Financing (Details)                            HTML    220K 
38: R37         Debt Financing - Maturities of Debt (Details)       HTML     44K 
59: R38         Interest Expense (Details)                          HTML     35K 
78: R39         Shareholders' Equity (Details)                      HTML    114K 
64: R40         Shareholders' Equity Preferred stock (Details)      HTML     81K 
71: R41         Rental Income (Details)                             HTML    115K 
49: R42         Concentration of Risk (Details)                     HTML    103K 
28: R43         Income Taxes (Details)                              HTML    126K 
65: R44         Commitments and Contingencies (Details)             HTML    116K 
72: R45         Net Earnings Per Share (Details)                    HTML     82K 
50: R46         Fair Value Measurements - Assets and Liabilities    HTML     34K 
                Recurring and Non-recurring (Details)                            
29: R47         Fair Value Measurements - Debt Financing (Details)  HTML     28K 
66: R48         Stock-based Compensation - Stock Options (Details)  HTML    124K 
70: R49         Stock-based Compensation - Stock Option Exercise    HTML     53K 
                Price (Details)                                                  
86: R50         Stock-based Compensation - Restricted Stock         HTML     69K 
                (Details)                                                        
63: R51         Aircraft under management (Details)                 HTML     57K 
39: R52         Flight Equipment held for sale (Details)            HTML     32K 
48: R53         Quarterly Financial Data (Unaudited) (Details)      HTML     50K 
85: R54         Subsequent Events (Details)                         HTML     33K 
61: XML         IDEA XML File -- Filing Summary                      XML    128K 
55: XML         XBRL Instance -- al-20191231x10k1d2204_htm           XML   2.73M 
76: EXCEL       IDEA Workbook of Financial Reports                  XLSX     91K 
24: EX-101.CAL  XBRL Calculations -- al-20191231_cal                 XML    210K 
25: EX-101.DEF  XBRL Definitions -- al-20191231_def                  XML    787K 
26: EX-101.LAB  XBRL Labels -- al-20191231_lab                       XML   1.66M 
27: EX-101.PRE  XBRL Presentations -- al-20191231_pre                XML   1.09M 
23: EX-101.SCH  XBRL Schema -- al-20191231                           XSD    192K 
54: JSON        XBRL Instance as JSON Data -- MetaLinks              367±   565K 
40: ZIP         XBRL Zipped Folder -- 0001558370-20-000836-xbrl      Zip    688K 


‘EX-10.107’   —   Material Contract


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



 C:   C: 
  al_Ex_10_107  

 

EXHIBIT 10.107

 

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°24

 

 

TO THE

 

 

A320 NEO FAMILY PURCHASE AGREEMENT

 

 

BETWEEN

 

 

AIRBUS S.A.S.

 

as Seller

 

 

and

 

 

AIR LEASE CORPORATION

 

as Buyer

 

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 1/7

 

 

AMENDMENT N°24 TO THE

A320 NEO FAMILY PURCHASE AGREEMENT

 

This Amendment N°24 (the “Amendment N°24”) dated 18 October 2019 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, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 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 collectively as the “Parties” and individually as a “Party”.

 

WHEREAS:

 

A.   On 10 May 2012, the Buyer and the Seller have signed a purchase agreement with reference CLC-CT1103377 for the manufacture and sale by the Seller and purchase by the Buyer of thirty-six (36) firm A320 NEO Family aircraft hereinafter together with its Exhibits and Letter Agreements referred to as the “Purchase Agreement”.

 

B.   On 28 December 2012, the Buyer and the Seller entered into Amendment N°1 to the Purchase Agreement for the manufacture and sale by the Seller and purchase by the Buyer of fourteen (14) incremental A320 NEO Family aircraft.

 

C.    On 14 July 2014, the Seller and the Buyer entered into Amendment N°2 to the Purchase Agreement in order to, among other things, [*].

 

D.    On 14 July 2014, the Buyer and the Seller entered into Amendment N°3 to the Purchase Agreement for the manufacture and sale by the Seller and purchase by the Buyer of sixty (60) incremental A320 NEO Family aircraft.

 

E.    On 10 October 2014, the Buyer and the Seller entered into Amendment N°4 to the Purchase Agreement for [*].

 

F.    On 03 March 2015, the Buyer and the Seller entered into Amendment N°5 to the Purchase Agreement for the cancellation of sixty (60) Amendment 3 NEO Aircraft and for the manufacture and sale by the Seller and purchase by the Buyer of ninety (90) incremental A321 NEO Family aircraft.

 

G.   On 18 March 2015, the Buyer and the Seller entered into Amendment N°6 to the Purchase Agreement in order to [*].

 

H.    On 09 November 2015, the Buyer and the Seller entered into Amendment N°7 to the Purchase Agreement in order to [*].

 

I.     On 08 January 2016, the Buyer and the Seller entered into Amendment N°8 to the Purchase Agreement in order to [*].

 

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 2/7

 

 

J.     On 04 April 2016, the Buyer and the Seller entered into Amendment N°9 to the Purchase Agreement in order to [*].

 

K.    On 12 April 2016, the Buyer and the Seller entered into Amendment N°10 to the Purchase Agreement in order to [*].

 

L.    On 02 June 2016, the Buyer and the Seller entered into Amendment N°11 to the Purchase Agreement in order to [*].

 

M.   On 17 August 2016, the Buyer and the Seller entered into Amendment n°12 to the Purchase Agreement in order to, among other things, (i) introduce the new A321-200NX standard specification, [*].

 

N.    On 20 December 2016, the Buyer and the Seller entered into Amendment N°13 to the Purchase Agreement in order to [*].

 

O.    On 03 March 2017, the Buyer and the Seller entered into Amendment N°14 to the Purchase Agreement in order to, among other things, [*].

 

P.    On 10 April 2017, the Buyer and the Seller entered into Amendment N°15 to the Purchase Agreement in order to, among other things, [*].

 

Q.    On 19 June 2017, the Buyer and the Seller entered into Amendment N°16 to the Purchase Agreement in order to [*].

 

R.    On 19 June 2017, the Buyer and the Seller entered into Amendment N°17 to the Purchase Agreement in order to provide for the manufacture and sale of twelve (12) incremental A320 NEO Family aircraft.

 

S.    On 12 July 2017, the Buyer and the Seller entered into Amendment N°18 to the Purchase Agreement in order to amend certain terms of Amendment N°16.

 

T.    On 31 July 2017, the Buyer and the Seller entered into Amendment N°19 to the Purchase Agreement in order to [*].

 

U.    On 29 September 2017, the Buyer and the Seller entered into Amendment N°20 to the Purchase Agreement in order to [*].

 

V.    On 27 December 2017, the Buyer and the Seller entered into Amendment N°21 to the Purchase Agreement in order to provide for the manufacture and sale of six (6) incremental A320 NEO Family aircraft.

 

W.   On 16 February 2018, the Buyer and the Seller entered into Amendment N°22 to the Purchase Agreement in order to, among other things, [*].

 

X.    On 31 December 2018, the Buyer and the Seller entered into Amendment N°23 to the Purchase Agreement in order to, among other things, [*].

 

The Purchase Agreement as amended and supplemented pursuant to the foregoing shall be referred to as the “Agreement”.

 

Y.    The Parties have now decided to enter into this amendment N°24 (the “Amendment N°24”) in order to [*], subject to the terms and conditions set out below.

 

The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°24. Capitalized terms used herein and not otherwise defined herein will have the meanings assigned thereto in the Agreement.

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 3/7

 

 

NOW IT IS HEREBY AGREED AS FOLLOWS:

 

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 4/7

 

 

1.         [*]

 

2         [*]

 

3         [*]

 

4         [*]

 

5          INCONSISTENCY AND CONFIDENTIALITY

 

5.1       In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°24, 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.

 

5.2       This Amendment N°24 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 each Party.

 

5.3       This Amendment N°24 shall be treated by the 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.

 

6          COUNTERPARTS

 

This Amendment N°24 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.

 

7          LAW AND JURISDICTION

 

This Amendment N°24 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 Agreement shall apply to this Amendment N°24 as if the same were set out in full herein, mutatis mutandis.

 

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 5/7

 

 

IN WITNESS WHEREOF this Amendment N°24 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 Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 6/7

 

 

APPENDIX 1

DELIVERY SCHEDULE

 

[*]

 

 

Amendment Nº24 to the ALC A320 NEO Family PA

 

Ref. CLC-CT CT1902657

Page 7/7

 


8 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
 2/17/22  Air Lease Corp.                   10-K       12/31/21  105:12M                                    Workiva Inc Wde… FA01/FA
 2/24/21  Air Lease Corp.                   424B2                  1:801K                                   Donnelley … Solutions/FA
 2/23/21  Air Lease Corp.                   424B5                  1:800K                                   Donnelley … Solutions/FA
 2/22/21  Air Lease Corp.                   10-K       12/31/20   83:13M                                    Toppan Merrill Bridge/FA
11/09/20  Air Lease Corp.                   10-Q        9/30/20   61:6.5M                                   Toppan Merrill Bridge/FA
 8/06/20  Air Lease Corp.                   10-Q        6/30/20   62:6.6M                                   Toppan Merrill Bridge/FA
Top
Filing Submission 0001558370-20-000836   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Wed., May 15, 11:56:32.1pm ET