Common use of Option Aircraft Clause in Contracts

Option Aircraft. Buyer shall have the option to purchase [*****] Aircraft, to be delivered in accordance with the following Option Aircraft contractual delivery dates (each an “Option Aircraft Contractual Delivery Date”): The Option Aircraft will be supplied in accordance with the following terms and conditions: 21.1 A [*****] Option Aircraft [*****] of the Aircraft Basic Price, per Option Aircraft, is due and payable within [*****] following the date of exercise (the “[*****]”). 21.2 The unit basic price of the Option Aircraft shall be equal to [*****], provided that such Option Aircraft be delivered within the delivery period above mentioned and in the same configuration, specification and installations specified in Attachment “A1” hereto, as it is written on the date of signature of this Agreement, determining the Option Aircraft basic price (the “Option Aircraft Basic Price”). [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 21.3 The Option Aircraft Basic Price shall be [*****], determining the Option Aircraft purchase price (the “Option Aircraft Purchase Price”). 21.4 The payment of the Option Aircraft Purchase Price shall be made according to the following: 21.4.1 The [*****] of the relevant Option Aircraft. 21.4.2 A [*****] of each Option Aircraft Basic Price, less the relevant [*****], is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.3 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.4 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.5 The balance of each Option Aircraft Purchase Price shall become due and payable upon acceptance of each relevant Option Aircraft by Buyer. 21.4.6 The provisions of Article 4.2 through 4.6 shall apply, mutatis-mutandis, to the payments to be made by Buyer towards the Option Aircraft. 21.5 The option to purchase the Option Aircraft [*****] 21.6 If the options are confirmed by Buyer as specified above, an amendment to this Agreement shall be executed by and between the Parties within [*****] following the Option Aircraft option exercise date, setting forth the terms and conditions applicable to, if any, exclusively to the Option Aircraft. 21.7 The product support package to be applied to the Option Aircraft is described in Article 2.4 of Attachment “B”. 21.8 The exercised Option Aircraft shall be subject to conversion to other models as per the terms and conditions contained in Article 23. [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.

Option Aircraft. Subject to the [***], Buyer shall have the option to purchase [*****] one hundred (100) additional Option Aircraft, to be delivered in accordance with the following Option Aircraft contractual delivery dates (each an “Option Aircraft Contractual Delivery Date”): ) contained in Section 2 of Attachment “G” to this Agreement. The Option Aircraft will be supplied in accordance with the following terms and conditions: 21.1 A [*****] Option Aircraft [*****] of the Aircraft Basic Price, per Option Aircraft, is due and payable within [*****] following the date of exercise (the “[*****]”). 21.2 The unit basic price of the Option Aircraft shall be equal to [*****], provided that such Option the unit Aircraft be delivered within the delivery period above mentioned and in the same configuration, specification and installations specified in Attachment “A1” hereto, as it is written on the date of signature of this Agreement, determining the Option Aircraft basic price Basic Price (the “Option Aircraft Basic Price”). [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 21.3 The Option Aircraft Basic Price shall be [*****]escalated according to the escalation formula subject of Attachment “D” hereto, determining the Option Aircraft purchase price (the “Option Aircraft Purchase Price”). 21.4 The payment of the Option Aircraft Purchase Price shall be made for each Option Aircraft for which Buyer has exercised its option rights hereunder according to the following: 21.4.1 The : [*****] of the relevant Option Aircraft. 21.4.2 A [*****] of each Option Aircraft Basic Price, less the relevant [*****], is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.3 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.4 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.5 The balance of each Option Aircraft Purchase Price shall become due and payable upon acceptance of each relevant Option Aircraft by Buyer. 21.4.6 The provisions of Article 4.2 through 4.6 shall apply, mutatis-mutandis, to the payments to be made by Buyer towards the Option Aircraft. 21.5 The Except as otherwise provide for in Article 21.5.1 the option to purchase the Option Aircraft shall be exercised in [***] groups of [***] Option Aircraft each (the “Option Group” for purposes of this Article 21.5) no later than [***] prior to [***] the first Option Aircraft Contractual Delivery Date in such Option Group. [***]. Any Option Aircraft not exercised by Buyer as per the terms and conditions of this paragraph will be considered relinquished, [***], and Embraer shall return to Buyer any payments made by Buyer towards the purchase of such terminated Option Aircraft within [***] following such termination. 21.5.1 In the event that Buyer fails to issue the [***]. Any Option Aircraft not exercised by Buyer as per the terms and conditions of this paragraph will be considered relinquished [***] and Embraer shall return to Buyer any payments made by Buyer towards the purchase of such terminated Option Aircraft within [***] following such termination. 21.5.2 After the confirmation by Buyer of any of the Option Groups described in Article 21.5.1 above for at least [***] Option Aircraft, the remaining Option Aircraft shall be exercised [***] no later than [***] months prior [***] Option Aircraft Contractual Delivery Date in such Option Group. [***]. Any Option Aircraft not exercised by Buyer as per the terms and conditions of this paragraph will be considered relinquished [***], and Embraer shall return to Buyer any payments made by Buyer towards the purchase of such terminated Option Aircraft within [***] following such termination. 21.6 If the options are confirmed by Buyer as specified above, an amendment to this Agreement shall be executed by and between the Parties within [*****] following the Option Aircraft option exercise date, confirming the Option as an Aircraft under this Agreement and setting forth any other mutually agreed upon the terms and conditions applicable to, if any, exclusively to the Option Aircraft. 21.7 The Article 2.3.4 of Attachment “B” hereto sets forth the agreement regarding the product support package to be applied to the Option Aircraft is described in Article 2.4 of Attachment “B”Aircraft. 21.8 The exercised Option Aircraft shall be subject to conversion to other models as per the terms and conditions contained in Article 23. [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.

Option Aircraft. Buyer shall have the option to purchase [*****] Aircraft, to be delivered in accordance with the following Option Aircraft contractual delivery dates (each an “Option Aircraft Contractual Delivery Date”): The Option Aircraft will be supplied in accordance with the following terms and conditions: 21.1 A [*****] Option Aircraft [*****] of the Aircraft Basic Price, per Option Aircraft, is due and payable within [*****] following the date of exercise (the “[*****]”). 21.2 The unit basic price of the Option Aircraft shall be equal to [*****], provided that such Option Aircraft be delivered within the delivery period above mentioned and in the same configuration, specification and installations specified in Attachment “A1” hereto, as it is written on the date of [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. signature of this Agreement, determining the Option Aircraft basic price (the “Option Aircraft Basic Price”). [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 21.3 The Option Aircraft Basic Price shall be [*****], determining the Option Aircraft purchase price (the “Option Aircraft Purchase Price”). 21.4 The payment of the Option Aircraft Purchase Price shall be made according to the following: 21.4.1 The [*****] of the relevant Option Aircraft. 21.4.2 A [*****] of each Option Aircraft Basic Price, less the relevant [*****], is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.3 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.4 A [*****] of each Option Aircraft Basic Price is due and payable [*****] to each relevant Option Aircraft Contractual Delivery Date. 21.4.5 The balance of each Option Aircraft Purchase Price shall become due and payable upon acceptance of each relevant Option Aircraft by Buyer. 21.4.6 The provisions of Article 4.2 through 4.6 shall apply, mutatis-mutandis, to the payments to be made by Buyer towards the Option Aircraft. 21.5 The option to purchase the Option Aircraft [*****]. 21.6 If the options are confirmed by Buyer as specified above, an amendment to this Agreement shall be executed by and between the Parties within [*****] following the Option Aircraft option exercise date, setting forth the terms and conditions applicable to, if any, exclusively to the Option Aircraft. 21.7 The product support package to be applied to the Option Aircraft is described in Article 2.4 of Attachment “B”. 21.8 The exercised Option Aircraft shall be subject to conversion to other models as per the terms and conditions contained in Article 23. [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.