Supplemental Agreement No. 1 to Purchase Agreement No. 03791 between THE BOEING COMPANY and AIR LEASE CORPORATION
EXHIBIT 10.12
Confidential Treatment
Requested Pursuant to Rule 24b-2
Supplemental Agreement No. 1
to
Purchase Agreement No. 03791
between
THE BOEING COMPANY
and
AIR LEASE CORPORATION
THIS SUPPLEMENTAL AGREEMENT is entered into as of February 4, 2013 (Supplemental Agreement No. 1) by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer);
WHEREAS, Boeing and Customer have entered into Purchase Agreement No. 03791 dated as of July 3, 2012 (Purchase Agreement) relating to the purchase and sale of Model 737-8 and 737-9 aircraft (Aircraft); and
WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to [*].
All terms used but not defined in this Supplemental Agreement No. 1 have the same meaning as in the Purchase Agreement.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:
1. TABLE OF CONTENTS.
The Table of Contents of the Purchase Agreement is deleted in its entirety and replaced by a new Table of Contents, attached as Enclosure 1 to this Supplemental Agreement No. 1, which reflects the revisions set forth in this Supplemental Agreement No. 1.
* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
|
HAZ-PA-03791 |
1 |
SA-1 |
|
|
BOEING PROPRIETARY |
|
2. TABLES.
(a) Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, is deleted in its entirety and replaced by a revised Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, attached as Enclosure 2 to this Supplemental Agreement No. 1, which reflects [*].
The Purchase Agreement will be deemed to be amended to the extent herein provided and as so amended will continue in full force and effect.
EXECUTED IN DUPLICATE as of the day and year first above written.
|
THE BOEING COMPANY |
AIR LEASE CORPORATION |
||
|
|
|
||
|
By: |
/s/Xxxxxxx X. Xxxxxxx |
By: |
/s/Xxxxx Xxxx |
|
|
|
|
|
|
Its: |
Attorney‑In‑Fact |
Its: |
Executive Vice President |
|
|
|
|
|
|
Attachments |
|
|
|
* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
|
HAZ-PA-03791 |
2 |
SA-1 |
|
|
BOEING PROPRIETARY |
|
Enclosure 1
TABLE OF CONTENTS
|
ARTICLES |
SA No. |
|
|
Article 1. |
Quantity, Model and Description |
|
|
Article 2. |
Delivery Schedule |
|
|
Article 3. |
Price |
|
|
Article 4. |
Payment |
|
|
Article 5. |
Additional Terms |
|
|
|
|
|
|
TABLE |
||
|
1A. |
000-0 Xxxxxxxx Xxxxxxxxxxx Xxxxx |
XX-0 |
|
0X. |
737-9 Aircraft Information Table |
|
|
|
||
|
EXHIBIT |
||
|
A1. |
737-8 Aircraft Configuration |
|
|
A2. |
737-9 Aircraft Configuration |
|
|
B. |
Aircraft Delivery Requirements and Responsibilities |
|
|
|
||
|
SUPPLEMENTAL EXHIBITS |
||
|
AE1. |
Escalation Adjustment - Airframe and Optional Features |
|
|
BFE1. |
BFE Variables |
|
|
CS1. |
Customer Support Variables |
|
|
EE1. |
[*], Engine Warranty and Patent Indemnity |
|
|
SLP1. |
Service Life Policy Components |
|
|
|
|
|
|
LETTER AGREEMENTS |
||
|
LA-1208077 |
AGTA Matters |
|
|
LA-1208078 |
Advance Payment Matters |
|
|
LA-1208079 |
[*] |
|
|
LA-1208080 |
Assignment of Customer’s Interest to a Subsidiary or Affiliate |
|
|
LA-1208081 |
Other Matters |
|
|
LA-1208082 |
Demonstration Flight Waiver |
|
|
LA-1208083 |
[*] |
|
|
LA-1208084 |
Leasing Matters |
|
|
LA-1208085 |
Liquidated Damages for Non-Excusable Delay |
|
|
LA-1208086 |
Loading of Customer Software |
|
|
LA-1208087 |
Open Matters for 737-8 and 737-9 Aircraft |
|
|
LA-1208088 |
Performance Matters |
|
|
LA-1208089 |
[*] |
|
|
LA-1208090 |
Special Matters |
|
|
LA-1208091 |
AGTA Term Revisions for 737-8 and 737-9 Aircraft |
|
|
LA-1208092 |
[*] |
|
|
LA-1208958 |
[*] |
|
|
LA-1208963 |
[*] |
|
|
LA-1209052 |
[*] |
|
* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
|
HAZ-PA-03791 |
|
SA-1 |
|
|
BOEING PROPRIETARY |
|
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Airframe Model/MTOW: |
737-8 |
181200 pounds |
Detail Specification: |
D019A007-B (5/18/2012) |
|||||
|
Engine Model/Thrust: |
CFM-LEAP-1B |
0 pounds |
Airframe Price Base Year/Escalation Formula: |
[*] |
[*] |
||||
|
Airframe Price: |
[*] |
Engine Price Base Year/Escalation Formula: |
[*] |
[*] |
|||||
|
Optional Features: |
[*] |
||||||||
|
Sub-Total of Airframe and Features: |
[*] |
Airframe Escalation Data: |
|||||||
|
Engine Price (Per Aircraft): |
[*] |
Base Year Index (ECI): |
[*] |
||||||
|
Aircraft Basic Price (Excluding BFE/SPE): |
[*] |
Base Year Index (CPI): |
[*] |
||||||
|
Buyer Furnished Equipment (BFE) Estimate: |
[*] |
||||||||
|
Seller Purchased Equipment (SPE) Estimate: |
[*] |
||||||||
|
Refundable Deposit/Aircraft at Proposal Accept: |
[*] |
||||||||
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*]-2017 |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 1 of 6 |
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 2 of 6 |
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 3 of 6 |
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 4 of 6 |
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
3 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 5 of 6 |
Enclosure 2
Table 1A
to Purchase Agreement No. PA-03791
737-8 Aircraft Delivery, Description, Price and Advance Payments
|
Manufacturer |
Escalation |
Escalation Estimate |
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
|||||||
|
Delivery |
Number of |
Serial |
Factor |
Adv Payment Base |
[*] |
[*] |
[*] |
[*] |
||
|
Date |
Aircraft |
No. |
(Airframe) |
Price Per A/P |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
2 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*] |
1 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||
|
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
[*]-2022 |
[*] |
[*] |
[*] |
[*] |
[*] |
[*] |
||||
|
Total: |
80 |
|||||||||
[*]
[*]
[*]
* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
|
|
|
XX-0 |
|
XXX-XX-00000 60521, 63035 |
Boeing Proprietary |
Page 6 of 6 |
