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°3...

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°3

TO THE

[*] AGREEMENT

AMONG

AIRBUS S.A.S.

and

AIRBUS CANADA LIMITED PARTNERSHIP

and

AIR LEASE CORPORATION

[*]

ALC – Amendment N°3 to [*] Agreement
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This amendment n°3 (the “Amendment N°3”) dated 24 July, 2024 is made

AMONG:

AIRBUS S.A.S., a French société par actions simplifiée, with its registered office at 0, xxxx-xxxxx Xxxxx Xxxxxxxxx, 00000 Xxxxxxx, Xxxxxx, registered with the Commercial and Companies Register of Toulouse under number 383 474 814 (“Airbus S.A.S.”),

and

AIRBUS CANADA LIMITED PARTNERSHIP, duly acting and represented by its managing general partner, AIRBUS CANADA MANAGING GP INC., having its registered office at 00000 Xxxxxxxxx Xxxxx Xxxxx, Xxxxxxx, XX, Xxxxxx X0X 0X0 and includes its successors and assigns (“Airbus Canada”),

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 0000 Xxxxxx xx xxx Xxxxx, Xxxxx 0000X, Xxx Xxxxxxx, Xxxxxxxxxx 00000, U.S.A. (“ALC”).

Airbus S.A.S. and Airbus Canada together are referred to as “Airbus”.

Airbus, Airbus Canada and ALC together are referred to as the “Parties” and individually as a “Party”.

WHEREAS:

A.[*]

B.[*]

C.[*]

D.[*]

E.[*]

F.On 20 June 2023, ALC and Airbus entered into a [*] with reference CLC-CT2305048 for [*], referred to as the “[*] Agreement”.

G.On 29 February 2024, ALC and Airbus entered into Amendment N°1 to the [*] Agreement in order to, [*].

H.On 15 April 2024, ALC and Airbus entered into Amendment N°2 to the [*] Agreement in order to, [*].

I.The Parties now wish to enter into this Amendment N°3 in order to [*].

    NOW IT IS HEREBY AGREED AS FOLLOWS:

ALC – Amendment N°3 to [*] Agreement
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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°3, 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°3 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 the Parties.

2.3This Amendment N°3 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 Parties except as may be required by law, or to professional advisors for the implementation hereof.

3COUNTERPARTS

This Amendment N°3 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°3 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 4 of the [*] Agreement shall apply to this Amendment N°3 as if the same were set out in full herein, mutatis mutandis.

ALC – Amendment N°3 to [*] Agreement
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IN WITNESS WHEREOF this Amendment N°3 was entered into the day and year first above written.

For and on behalf of									For and on behalf of
AIRBUS S.A.S.									AIRBUS CANADA LIMITED PARTNERSHIP
									xxxx acting and represented by its managing
									general partner,
									AIRBUS CANADA MANAGING GP INC.
/s/ Xxxx Xxxxxxxx									/s/ Xxxxxx Xxxxxxx
By: Xxxx Xxxxxxxx									By: Xxxxxx Xxxxxxx
Its: HO Transaction Offering           Commercial Transactions									Its: CEO

For and on behalf of

AIR LEASE CORPORATION    

By:            Xxxxx Xxxx    

Its:            Executive Vice President        

ALC – Amendment N°3 to [*] Agreement
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