EX-10.4 4 ex104-q225.htm EX-10.4
Exhibit 10.4
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.
SUPPLEMENTAL AGREEMENT NO. 36
to
PURCHASE AGREEMENT NO. PA-03791
between
THE BOEING COMPANY
and
AIR LEASE CORPORATION
Relating to
Boeing models 737-8 and 737-9 Aircraft
THIS SUPPLEMENTAL AGREEMENT NO. 36 to the Purchase Agreement (as defined below) (Supplemental Agreement No. 36), entered into as of the date below, is made by and between THE BOEING COMPANY, a Delaware corporation (Boeing), and AIR LEASE CORPORATION, a Delaware corporation (Customer). Boeing and Customer are referenced herein each as a Party and together as the Parties. This Supplemental Agreement No. 36 is an amendment to and is incorporated into the Purchase Agreement. All defined terms used but not defined in this Supplemental Agreement No. 36 have the same meaning as in the Purchase Agreement.
WHEREAS, Boeing and Customer entered into Purchase Agreement No. PA-03791 dated as of July 3, 2012 (as amended and supplemented, Purchase Agreement) relating to the purchase and sale of Boeing model 737-8 aircraft (collectively, 737-8 Aircraft) and Boeing model 737-9 aircraft (collectively, 737-9 Aircraft) (737-8 Aircraft and 737-9 Aircraft collectively, Aircraft); and
WHEREAS, Boeing and Customer [*] and
WHEREAS, Boeing and Customer, [*].
NOW THEREFORE, in consideration of the mutual covenants herein contained, the Parties agree that the Purchase Agreement is amended as set forth below and otherwise agree as follows:

HAZ-PA-03791 | 1 | SA-36
| BOEING PROPRIETARY |

1.TABLE OF CONTENTS.
The Table of Contents of the Purchase Agreement is hereby deleted in its entirety and replaced by a new Table of Contents, provided as Enclosure 1 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference. The new Table of Contents reflects the revisions set forth in this Supplemental Agreement No. 36.
2.TABLES.
2.1 Table 1H6, entitled “737-8 Block H6 [*] Aircraft Delivery, Description, Price and Advance Payments,” to the Purchase Agreement is hereby deleted in its entirety and replaced by a new Table 1H6, entitled “737-8 Block H6 [*] Aircraft Delivery, Description, Price and Advance Payments,” provided as Enclosure 2 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference. This new Table 1H6 reflects [*].
2.2 Table 1K, entitled “737-8 Block K [*] Aircraft Delivery, Description, Price and Advance Payment,” to the Purchase Agreement is hereby deleted in its entirety and replaced by a new Table 1K, entitled “737-8 Block K [*] Aircraft Delivery, Description, Price and Advance Payment,” provided as Enclosure 3 to this Supplement Agreement No. 36 and incorporated into the Purchase Agreement by this reference. This new Table 1K reflects [*].
2.3 Table 1M, entitled “737-8 Block M [*] Aircraft Delivery, Description, Price and Advance Payment,” to the Purchase Agreement is hereby deleted in its entirety and replaced by a new Table 1M, entitled “737-8 Block M [*] Aircraft Delivery, Description, Price and Advance Payment,” provided as Enclosure 4 to this Supplement Agreement No. 36 and incorporated into the Purchase Agreement by this reference.
2.4 A new Table 1N, entitled “737-8 Block N [*] Aircraft Delivery, Description, Price and Advance Payments,” is provided as Enclosure 5 to this Supplemental Agreement No. 36 and is hereby incorporated into the Purchase Agreement by this reference. This new Table 1N reflects [*].
3.EXHIBIT.
A new Exhibit A34, entitled “HAZ/[*] 737-8 Aircraft Configuration [*],” is provided as Enclosure 6 to this Supplemental Agreement No. 36 and is hereby incorporated into the Purchase Agreement by this reference. This Exhibit A34 incorporates the Customer Configuration Changes for the 737-8 Aircraft in Table 1H6 and Table 1K identified with [*] as the lessee.
4.SUPPLEMENTAL EXHIBIT.
Supplemental Exhibit BFE1R1, entitled “[*],” to the Purchase Agreement is hereby deleted in its entirety and replaced by a new Supplemental Exhibit BFE1R2 entitled [*]” which is provided as Enclosure 7 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference.
5.LETTER AGREEMENTS.

HAZ-PA-03791 | 2 | SA-36
| BOEING PROPRIETARY |

5.1 Letter Agreement No. HAZ-PA-03791-LA-1208078R13, entitled “Advance Payment Matters,” to the Purchase Agreement is deleted in its entirety and replaced by a new Letter Agreement No. HAZ-PA-03791-LA-1208078R14, entitled “Advance Payment Matters” (Advance Payment Matters Letter Agreement), which is provided as Enclosure 8 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference. This [*].
5.2 Letter Agreement No. HAZ-PA-03791-LA-1208084, entitled “Leasing Matters,” to the Purchase Agreement is deleted in its entirety and replaced by a new Letter Agreement No. HAZ-PA-03791-LA-1208084R1, entitled “Leasing Matters” (Leasing Matters Letter Agreement), which is provided as Enclosure 9 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference. This [*].
5.3 Letter Agreement No. HAZ-PA-03791-LA-1208090R16, entitled “Special Matters for 737-8 and 737-9 Aircraft,” to the Purchase Agreement is deleted in its entirety and replaced by a new Letter Agreement No. HAZ-PA-03791-LA-1208090R17, entitled “Special Matters for 737-8 and 737-9 Aircraft” (Special Matters Letter Agreement), which is provided as Enclosure 10 to this Supplemental Agreement No. 36 and incorporated into the Purchase Agreement by this reference. This [*].
5.4 A new Letter Agreement No. HAZ-PA-03791-LA-2501278, entitled “[*] is provided as Enclosure 11 to this Supplemental Agreement No. 36 and is hereby incorporated into the Purchase Agreement by this reference. [*].
6.[*]
7.EXCLUSIVE REMEDIES.
Customer agrees that the business considerations provided in this Supplemental Agreement No. 36 are Customer’s exclusive remedies for purposes of resolving all issues with respect to delivery delays of the Aircraft, whether in the past, present or future, and are in lieu of all other rights, remedies, claims and causes of action Customer may have, arising under contract, at law or otherwise, in connection therewith.
8.ASSIGNMENT.
The considerations included in this Supplemental Agreement No. 36 cannot be assigned by Customer, in whole or in part, without the prior consent of Boeing.
9.MISCELLANEOUS.
9.1 The Purchase Agreement is amended as set forth above, and all other terms and conditions of the Purchase Agreement not specifically amended by this Supplemental Agreement No. 36 remain unchanged and are in full force and effect. Any Tables of Contents, Tables, Exhibits, Supplemental Exhibits, Letter Agreements and other documents that are listed in the sections above are incorporated into this Supplemental Agreement No. 36 by this reference.

HAZ-PA-03791 | 3 | SA-36
| BOEING PROPRIETARY |

9.2 This Supplemental Agreement No. 36 will become effective upon (i) execution and receipt by both Parties of this Supplemental Agreement No. 36 and (ii) [*]. The terms of this Supplemental Agreement No. 36 will expire if preconditions (i) and (ii) described above are not met by April 4, 2025.

AGREED AND ACCEPTED this |  |
April 9 th, 2025 |  |
Date |  |
THE BOEING COMPANY |  | AIR LEASE CORPORATION
/s/ Matthew Cram |  | /s/ John L. Plueger
Signature |  | Signature
Matthew Cram |  | John L. Plueger
Printed name |  | Printed name
Attorney-in-Fact |  | CEO & President
Title |  | Title

HAZ-PA-03791 | 4 | SA-36
| BOEING PROPRIETARY |

Enclosure 1
TABLE OF CONTENTS

ARTICLES | SA No.
Article 1. | Quantity, Model and Description | SA-4
Article 2. | Delivery Schedule |
Article 3. | Price |
Article 4. | Payment |
Article 5. | Additional Terms |

TABLES |
1A | 737-8 Block A Aircraft Information Table [*] | SA-35
1B | 737-9 Block B Aircraft Information Table [*] | SA-35
1C | 737-8 Block C Aircraft Information Table [*] | SA-35
1D | 737-8 Block D Aircraft Information Table [*] | SA-35
1E | 737-8 Block E Aircraft Information Table [*] | SA-35
1F | 737-7 Block F Aircraft Information Table [*] | SA-24
1G | 737-8 Block G Aircraft Information Table [*] | SA-35
1H1 | 737-8 Block H1 Aircraft Information Table [*] | SA-35
1H2 | 737-8 Block H2 Aircraft Information Table [*] | SA-29
1H3 | 737-8 Block H3 Aircraft Information Table [*] | SA-29
1H4 | 737-8 Block H4 Aircraft Information Table [*] | SA-29
1H5 | 737-8 Block H5 Aircraft Information Table [*] | SA-35
1H6 | 737-8 Block H6 Aircraft Information Table [*] | SA-36
1I | 737-8 Block I Aircraft Information Table [*] | SA-27
1J | 737-8 Block J Aircraft Information Table [*] | SA-32
1K | 737-8 Block K Aircraft Information Table [*] | SA-36
1L | 737-9 Block L Aircraft Information Table [*] | SA-35
1M | 737-8 Block M Aircraft Information Table [*] | SA-36
1N | 737-8 Block N Aircraft Information Table [*] | SA-36

EXHIBITS |
A1 | HAZ/[*] 737-8 Aircraft Configuration | SA-16 |
A1-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A1-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A2 | HAZ/[*] 737-8 Aircraft Configuration | SA-16 |
A2-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-27 |
A3 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-16 |
A3-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A4 | HAZ/[*] 737-8 Aircraft Configuration | SA-16 |
A5 | HAZ/[*] 737-8 Aircraft Configuration | SA-16 |
A6 | HAZ/[*] 737-9 Aircraft Configuration | SA-19 |
A6-1 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-35 |
A7 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |

HAZ-PA-03791 | i | SA-36
| BOEING PROPRIETARY |

Enclosure 1
TABLE OF CONTENTS

A7-1 | HAZ/[*] 737-8 Aircraft Configuration [*] (Block J) | SA-28 |
A8 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |
A8-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A9 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |
A10 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |
A11 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |
A12 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-21 |
A13 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-21 |
A14 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-21 |
A15 | HAZ 737-8 Baseline Aircraft Configuration [*] | SA-21 |
A16 | HAZ 737-9 Baseline Aircraft Configuration [*] | SA-21 |
A17 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-24 |
A18 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-24 |
A19 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-25 |
A20 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-25 |
A21 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-25 |
A21-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A21-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A21-3 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A22 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-25 |
A22-1 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-28 |
A23 | HAZ/[*] 737-9 Aircraft Configuration [*] | SA-26 |
A24 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-31 |
A24-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A24-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A24-3 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A25 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A26 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A26-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A26-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A27 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A28 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A28-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A28-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A29 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A29-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A29-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A30 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A30-1 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A30-2 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A31 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A32 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |

HAZ-PA-03791 | ii | SA-36
| BOEING PROPRIETARY |

Enclosure 1
TABLE OF CONTENTS

A33 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-35 |
A34 | HAZ/[*] 737-8 Aircraft Configuration [*] | SA-36 |
B | Aircraft Delivery Requirements and Responsibilities |  |
SUPPLEMENTAL EXHIBITS |
AE1 | Escalation Adjustment - Airframe and Optional Features |
BFE1R2 | BFE Variables | SA-36
CS1 | Customer Support Variables |
EE1 | [*], Engine Warranty and Patent Indemnity |
SLP1 | Service Life Policy Components |

LETTER AGREEMENTS | SA No.
LA-1208077 | AGTA Matters |
LA-1208078R14 | Advance Payment Matters | SA-36
LA-1208079R4 | [*] | SA-35
LA-1208080 | Assignment of Customer’s Interest to a Subsidiary or Affiliate |
LA-1208081 | Other Matters |
LA-1208082 | Demonstration Flight Waiver |
LA-1208083R4 | [*] | SA-17
LA-1208084R1 | Leasing Matters | SA-36
LA-1208085 | Liquidated Damages for Non-Excusable Delay |
LA-1208086 | Loading of Customer Software |
LA-1208087R1 | Open Matters for 737-8 and 737-9 Aircraft | SA-4
LA-1208088 | Performance Matters |
LA-1208089R1 | Reconfirmation Aircraft | SA-4
LA-1208090R17 | Special Matters for 737-8 and 737-9 Aircraft | SA-36
LA-1208091 | AGTA Term Revisions for 737-8 and 737-9 Aircraft |
LA-1208092 | [*] |
LA-1208958 | [*] |
LA-1208963 | [*] | SA-4
LA-1209052 | [*] |
LA-1300032 | [*] | SA-4
LA-1400773 | [*] | SA-4
LA-1401489 | [*] | SA-4
LA-1701519 | Special Matters Related to [*] | SA-10
LA-1701714 | Special Matters for 737-7 Aircraft | SA-24
LA-1704831 | Special Matters Relating to [*] | SA-14
LA-1704362 | [*] | SA-15
LA-1805016R1 | [*] | SA-31
LA-1805303 | [*] | SA-18
LA-2003489 | [*] | SA-26
LA-2100098 | Miscellaneous Matters – Block I Aircraft | SA-27

HAZ-PA-03791 | iii | SA-36
| BOEING PROPRIETARY |

Enclosure 1
TABLE OF CONTENTS

LETTER AGREEMENTS | SA No.
LA-2101360 | Miscellaneous Matters – Block J Aircraft | SA-28
LA-2302334 | [*] | SA-34
LA-2501278 | [*] | SA-36

HAZ-PA-03791 | iv | SA-36
| BOEING PROPRIETARY |

| Table 1H6 To | Enclosure 2
Purchase Agreement No. PA-03791 737-8 Block H6 [*] Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: | 737-8 | 182,200 pounds |  | Detail Specification: | D019A008-R (12/8/2017) |
Engine Model/Thrust: | CFMLEAP-1B27 | 26,400 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: | [*] |  |  |  |  |  |
LIFT Seats Provided by Boeing (Estimate): | [*] |  |  |  |  |  |
Deposit per Aircraft: | [*] |  |  |  |  |  |
|  | Manufacturer | Escalation |  |  | Escalation Estimate | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery | Number of | Serial | Factor | Lessee | P.A. | Adv Payment Base | At Signing | 24 Mos. | 21/18/15/12 Mos. | Total
Date | Aircraft | No. | (Airframe) |  | Exhibit A | Price Per A/P | 1% | 4% | 5% | 25%
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
Total: | 15 |  |  |  |  |  |  |  |  |
[*] |  |  |  |  |  |  |  |  |  |

HAZ-PA-03791 109141-1F.txt | Boeing Proprietary | SA-36 Page 1

| Table 1K to | Enclosure 3
Purchase Agreement No. PA-03791 737-8 Block K [*] Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: | 737-8 | 159,400 pounds |  | Detail Specification: | D019A008-Y (12/18/2020) |
Engine Model/Thrust: | CFMLEAP-1B27 | 26,400 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)/In-Flight Entertainment (IFE) Estimate: | [*] |  |  |  |  |  |
LIFT Seats Provided by Boeing (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 | Lessee | P.A. | Adv Payment Base | At Signing | 24 Mos. | 21/18/15/12 Mos. | Total
Date | Aircraft | No. | (Airframe) |  | Exhibit A | Price Per A/P | 1% | 4% | 5% | 25%
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*] | [*]
Total: | 25 |  |  |  |  |  |  |  |  |

HAZ-PA-03791 118056-1F.txt | Boeing Proprietary | SA-36 Page 1

| Table 1M to | Enclosure 4
Purchase Agreement No. PA-03791 737-8 Block M [*] Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: | 737-8 | 182,200 pounds |  | Detail Specification: | D019A008-AA (11/18/2022) | 2Q23 External Fcst
Engine Model/Thrust: | CFMLEAP-1B27 | 26,400 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)/In-Flight Entertainment (IFE) Estimate: | [*] |  |  |  |  |  |
LIFT Seats Provided by Boeing (Estimate): | [*] |  |  |  |  |  |
Deposit per Aircraft: | [*] |  |  |  |  |  |
|  | Escalation |  |  | Escalation Estimate | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery | Number of | Factor | MSN |  | Adv Payment Base | At Signing | 28 Mos. | 24/21/18 Mos. | Total
Date | Aircraft | (Airframe) |  |  | Price Per A/P | 1% | 4% | 5% | 20%
[*] | [*] | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] | [*] |  |  | [*] | [*] | [*] | [*] | [*]
Total: | 2 |  |  |  |  |  |  |  |
Manufacturer's serial number is subject to change due to production changes |  |  |  |

HAZ-PA-03791 122129-1F.txt | Boeing Proprietary | SA-36 Page 1

| Table 1N to | Enclosure 5
Purchase Agreement No. PA-03791 737-8 Block N [*] Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: | 737-8 | 182,200 pounds |  | Detail Specification: | D019A008-AA (11/18/2022) | August 2024 External Fcst
Engine Model/Thrust: | CFMLEAP-1B27 | 26,400 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)/In-Flight Entertainment (IFE) Estimate: | [*] |  |  |  |  |  |
LIFT Seats Provided by Boeing (Estimate): | [*] |  |  |  |  |  |
Deposit per Aircraft: | [*] |  |  |  |  |  |
|  |  | Escalation |  |  | Escalation Estimate | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery | Number of | MSN* | Factor | Lessee | P.A. | Adv Payment Base | At Signing | 28 Mos. | 24/21/18 Mos. | Total
Date | Aircraft |  | (Airframe) |  | Exhibit A | Price Per A/P | 1% | 4% | 5% | 20%
[*] | [*] |  | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] |  | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] |  | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] |  | [*] |  |  | [*] | [*] | [*] | [*] | [*]
[*] | [*] |  | [*] |  |  | [*] | [*] | [*] | [*] | [*]
Total: | 5 |  |  |  |  |  |  |  |  |
*Manufacturer's serial number is subject to change due to production changes |  |  |  |  |

HAZ-PA-03791 124315-1F.txt | Boeing Proprietary | SA-36 Page 1

|  | Enclosure 6

HAZ/[*] 737-8 AIRCRAFT CONFIGURATION
[*]
between
THE BOEING COMPANY
and
AIR LEASE CORPORATION
Exhibit A34
to Purchase Agreement Number PA-03791

HAZ-PA-03791 |  | SA-36 EXA Page 1
| BOEING PROPRIETARY |

|  | Enclosure 6

Exhibit A34
AIRCRAFT CONFIGURATION
Dated April __, 2025
relating to
BOEING MODEL 737-8 AIRCRAFT
The Detail Specification is [*]. The Detail Specification provides further description of Customer’s configuration set forth in this Exhibit A. Such Detail Specification will be comprised of Boeing Configuration Specification [*]. Boeing will furnish to Customer copies of the Detail Specification, which copies will reflect such Options upon request. The Aircraft Basic Price reflects and includes [*].

HAZ-PA-03791 |  | SA-36 EXA Page 2
| BOEING PROPRIETARY |

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

[*] |  |  |  |

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 1 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 2 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 3 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 4 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 5 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 6 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 7 of 8

| Boeing Proprietary | Enclosure 6
| Exhibit A34 To |
Purchase Agreement No. PA-03791

P.A. 03791 SA-36 Exhibit A34 ([*] 737-8) | Boeing Proprietary | Page: 8 of 8

Enclosure 7
BUYER FURNISHED EQUIPMENT VARIABLES
between
THE BOEING COMPANY
and
Air Lease Corporation
Supplemental Exhibit BFE1R2
to Purchase Agreement Number PA-03791

HAZ-PA-03791-BFE1 R2 |  | SA-36
| BOEING PROPRIETARY | Page 1

Enclosure 7
BUYER FURNISHED EQUIPMENT VARIABLES
relating to
BOEING MODEL 737-8 and 737-9 AIRCRAFT
This Supplemental Exhibit BFE1 contains supplier selection dates, on-dock dates and other requirements applicable to the Aircraft.
1.Supplier Selection.
Customer will:
Select and notify Boeing of the suppliers and part numbers of the following BFE items by the following dates:

Galley System | [*]
Galley Inserts | [*]
Seats (passenger) | [*]
Overhead & Audio System | [*]
In-Seat Video System | [*]
Miscellaneous Emergency Equipment | [*]
Cargo Handling Systems* (Single Aisle Programs only) | [*]

*[*]
**[*]
Customer will enter into initial agreements with the selected Galley System, Galley Inserts, Seats, and In-Seat Video System suppliers on or before [*] after the above supplier selection dates to actively participate with Customer and Boeing in coordination actions including the Initial Technical Coordination Meeting (ITCM).

HAZ-PA-03791-BFE1 R2 |  | SA-36
| BOEING PROPRIETARY | Page 2

Enclosure 7
2.On-dock Dates and Other Information.
On or before [*] prior to delivery, Boeing will provide to Customer the BFE Requirements electronically through My Boeing Fleet (MBF in My Boeing Configuration (MBC)). These requirements may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions and other requirements relating to the in-sequence installation of BFE. For planning purposes, preliminary BFE on-dock dates are set forth below:
[*]
3.Additional Delivery Requirements - Import.
Customer will be the “importer of record” (as defined by the U.S. Customs and Border Protection) for all BFE imported into the United States, and as such, it has the responsibility to ensure all of Customer’s BFE shipments comply with U.S. Customs Service regulations. In the event Customer requests Boeing, in writing, to act as importer of record for Customer’s BFE, and Boeing agrees to such request, Customer is responsible for ensuring Boeing can comply with all U.S. Customs Import Regulations by making certain that, at the time of shipment, all BFE shipments comply with the requirements in the “International Shipment Routing Instructions”, including the Customs Trade Partnership Against Terrorism (C-TPAT), as set out on the Boeing website referenced below. Customer agrees to include the International Shipment Routing Instructions, including C-TPAT requirements, in each contract between Customer and BFE supplier.
http://www.boeing.com/companyoffices/doingbiz/supplier_portal/index_general.html

HAZ-PA-03791-BFE1 R2 |  | SA-36
| BOEING PROPRIETARY | Page 3

|  | Enclosure 8
| The Boeing Company P.O. Box 3707 Seattle, WA 98124-2207

HAZ-PA-03791-LA-1208078 R14
Air Lease Corporation
2000 Avenue of the Stars, Suite 1000N
Los Angeles, CA 90067
Subject: Advance Payment Matters
Reference: Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)
This letter agreement (Letter Agreement) cancels and supersedes all previous versions with an acceptance date prior to the acceptance date indicated below and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
The Purchase Agreement incorporates the terms and conditions of HAZ-AGTA between Boeing and Customer. This Letter Agreement modifies certain terms and conditions of the AGTA with respect to the Aircraft.
1.Deferred Advance Payment Schedule.
1.1 Notwithstanding the Aircraft advance payment schedule provided in Table 1 of the Purchase Agreement, Customer may elect to pay an alternative fixed advance payment schedule for the Aircraft, as set forth below (Alternative Advance Payment Schedule).
[*]
2.[*]
3.[*]
4.[*]
5.Assignment.
Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer taking title to the Aircraft at the time of delivery and leasing the Aircraft and cannot be assigned in whole or, in part.
6.Confidential Treatment.

|  | SA-36
|  | Page 1
| BOEING PROPRIETARY |

|  | Enclosure 8

7.Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 6) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 6. Customer shall be fully responsible to Boeing for compliance with such obligations.
Very truly yours,

THE BOEING COMPANY
By | /s/ Matthew Cram
Its | Attorney-in-fact
ACCEPTED AND AGREED TO this
Date: | April 9, 2025 |
AIR LEASE CORPORATION
By | /s/ John L. Plueger
Its | CEO and President

HAZ-PA-03791-LA-1208078 R14 |  | SA-36
Advance Payment Matters |  | Page 2
| BOEING PROPRIETARY |

|  | Enclosure 9
| The Boeing Company P.O. Box 3707 Seattle, WA 98124-2207

HAZ-PA-03791-LA-1208084 R1
Air Lease Corporation
2000 Avenue of the Stars, Suite 1000N
Los Angeles, CA 90067
Subject: [*]
Reference: Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)
This letter agreement (Letter Agreement) cancels and supersedes all previous versions with an acceptance date prior to the acceptance date indicated below and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
[*]
1.[*]
2.[*]
3.[*]
4.[*]
5.[*]
6.[*]
7.[*]
8.[*]
9.[*]
10.[*]
11.[*]
12.[*]

HAZ-PA-03791-LA-1208084 R1 |  | SA-36
Leasing Matters |  | Page 1
| BOEING PROPRIETARY |

|  | Enclosure 9

13.[*]
14.Assignment of Additional Rights at Delivery.
At the time of delivery by Boeing of any Aircraft to Customer and Customer's re-delivery of an Aircraft to an initial Lessee, Customer and Lessee will enter into an assignment of the remaining rights and duties under the Purchase Agreement (including warranty rights), pursuant to the provisions of Article 9 of the AGTA.
15.Confidential Treatment.
Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 9) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 9. Customer shall be fully responsible to Boeing for compliance with such obligations.
Very truly yours,

THE BOEING COMPANY
By | /s/ Matthew Cram
Its | Attorney-in-fact
ACCEPTED AND AGREED TO this
Date: | April 9, 2025
AIR LEASE CORPORATION
By | /s/ John L. Plueger
Its | CEO and President

HAZ-PA-03791-LA-1208078 R14 |  | SA-36
Advance Payment Matters |  | Page 2
| BOEING PROPRIETARY |

Enclosure 9
ATTACHMENT A
[*]

HAZ-PA-03791-LA-1208084 R1 |  | SA-36
|  | Attachment A
Leasing Matters |  | Page 1
| BOEING PROPRIETARY |

Enclosure 9

HAZ-PA-03791-LA-1208084 R1 |  | SA-36
|  | Attachment A
Leasing Matters |  | Page 2
| BOEING PROPRIETARY |

|  | Enclosure 10
| The Boeing Company P.O. Box 3707 Seattle, WA 98124-2207

HAZ-PA-03791-LA-1208090 R17
Air Lease Corporation
2000 Avenue of the Stars, Suite 1000N
Los Angeles, CA 90067
Subject: Special Matters for 737-8 and 737-9 Aircraft
Reference: Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)
This letter agreement (Letter Agreement) cancels and supersedes all previous versions with an acceptance date prior to the acceptance date indicated below and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
1.Credit Memoranda. In consideration of Customer’s purchase of the Aircraft, [*], unless otherwise noted, Boeing will provide to Customer the following credit memoranda:
1.1 Basic Credit Memorandum. Boeing will issue to Customer a basic credit memorandum (Basic Credit Memorandum) at delivery of each Aircraft [*] in an amount shown in the table immediately below for the respective minor model and [*].

Basic Credit Memorandum |
|  | Model Type |
Aircraft Block | [*] | 737-8 Aircraft | 737-9 Aircraft | 737-9 [*] | 737-8 [*]
Block A | [*] | [*] | [*] | [*] | [*]
Block B | [*] | [*] | [*] | [*] | [*]
Block C | [*] | [*] | [*] | [*] | [*]
Block D | [*] | [*] | [*] | [*] | [*]
Block E | [*] | [*] | [*] | [*] | [*]
Block G | [*] | [*] | [*] | [*] | [*]
Block H | [*] | [*] | [*] | [*] | [*]

|  | SA-36
|  | Page 1
| BOEING PROPRIETARY |

|  | Enclosure 10

Block K | [*] | [*] | [*] | [*] | [*]
Block L | [*] | [*] | [*] | [*] | [*]
Block M | [*] | [*] | [*] | [*] | []*
Block N | [*] | [*] | [*] | [*] | [*]

1.2 Leasing Credit Memorandum. Customer expressly intends to lease the Aircraft and [*] to a third party or parties (Lessee or Lessees) who are in the commercial airline business as aircraft operators. As an additional consideration and incentive for entering into a lease for the Aircraft and [*] prior to delivery of each such Aircraft or [*], Boeing will issue to Customer a leasing credit memorandum (Leasing Credit Memorandum) in an amount shown in the table immediately below for the respective Aircraft or [*] minor model and [*]. Customer will not be permitted to assign this Leasing Credit Memorandum without the prior written consent of Boeing.

Leasing Credit Memorandum |
|  | Model Type |
Aircraft Block | [*] | 737-8 Aircraft | 737-9 Aircraft | 737-9 [*] | 737-8 [*]
Block A | [*] | [*] | [*] | [*] | [*]
Block B | [*] | [*] | [*] | [*] | [*]
Block C | [*] | [*] | [*] | [*] | [*]
Block D | [*] | [*] | [*] | [*] | [*]
Block E | [*] | [*] | [*] | [*] | [*]
Block G | [*] | [*] | [*] | [*] | [*]
Block H | [*] | [*] | [*] | [*] | [*]
Block K | [*] | [*] | [*] | [*] | [*]
Block L | [*] | [*] | [*] | [*] | [*]
Block M | [*] | [*] | [*] | [*] | [*]
Block N | [*] | [*] | [*] | [*] | [*]

1.3[*]
1.4[*]
1.5[*]
1.6[*]
1.7[*]
1.8[*]
1.9[*]

HAZ-PA-03791-LA-1208090 R17 |  | SA-36
Special Matters for 737-8 and 737-9 Aircraft | Page 2
| BOEING PROPRIETARY |

|  | Enclosure 10

1.10[*]
1.11[*]
1.12[*]
1.13[*]
1.14[*]
1.15[*]
1.16[*]
1.17[*]
1.18[*]
1.19[*]
1.20[*]
1.21[*]
1.22[*]
1.23[*]
1.24[*]
1.25[*]
1.26[*]
1.27[*]
1.28[*]
1.29[*]
1.30[*]
1.31[*]
1.32[*]
1.33[*]
1.34[*]
1.35[*]
1.36[*]
1.37[*]
1.38[*]
1.39[*]
1.40[*]
1.41[*]
1.42[*]
1.43[*]

HAZ-PA-03791-LA-1208090 R17 |  | SA-36
Special Matters for 737-8 and 737-9 Aircraft | Page 3
| BOEING PROPRIETARY |

|  | Enclosure 10

1.44[*]
1.45[*]
1.46[*]
1.47[*]
1.48[*]
1.49[*]
1.50[*]
1.51[*]
1.52[*]
1.53[*]
1.54[*]
1.55[*]
1.56[*]
1.57 [*]
2.[*]
3.[*]
4.[*]
5.[*]
6.Assignment.
Unless otherwise noted herein, the Credit Memoranda described in this Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer’s taking title to the Aircraft and [*] at time of delivery and leasing the Aircraft and [*]. This Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing.
7.Confidentiality.
8.Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 7) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors

HAZ-PA-03791-LA-1208090 R17 |  | SA-36
Special Matters for 737-8 and 737-9 Aircraft | Page 4
| BOEING PROPRIETARY |

|  | Enclosure 10

of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 7. Customer shall be fully responsible to Boeing for compliance with such obligations.
Very truly yours,

THE BOEING COMPANY
By | /s/ Matthew Cram
Its | Attorney-in-fact
ACCEPTED AND AGREED TO this
Date: | April 9, 2025
AIR LEASE CORPORATION
By | /s/ John L. Plueger
Its | CEO & President

HAZ-PA-03791-LA-1208090 R17 |  | SA-36
Special Matters for 737-8 and 737-9 Aircraft | Page 5
| BOEING PROPRIETARY |

|  | Enclosure 11
| The Boeing Company P.O. Box 3707 Seattle, WA 98124-2207

HAZ-PA-03791-LA-2501278
Air Lease Corporation
2000 Avenue of the Stars, Suite 1000N
Los Angeles, CA 90067
Subject: [*]
Reference: Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to models 737-8 and 737-9 aircraft
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
For the purpose of this Letter Agreement, references to “Aircraft” are references to the Block N Aircraft in Table 1N of the Purchase Agreement as of the date of this Letter Agreement.
1.[*]
2.[*]
3.[*]
4.[*]
5.Assignment.
Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer taking title to the Block N Aircraft at the time of delivery and leasing the Block N Aircraft to commercial operators and cannot be assigned in whole or, in part.
6.Confidential Treatment.
Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 6), without the prior written consent of

| BOEING PROPRIETARY |

|  | Enclosure 11

Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 6. Customer shall be fully responsible to Boeing for compliance with such obligations.
Very truly yours,

THE BOEING COMPANY
By | /s/ Matthew Cram
Its | Attorney-in-fact
ACCEPTED AND AGREED TO this
Date: | April 9, 2025 |
AIR LEASE CORPORATION
By | /s/ John L. Plueger
Its | CEO & President

HAZ-PA-03791-LA-2501278 |  | SA-36
[*] |  | Page 2
| BOEING PROPRIETARY |

Enclosure 11
Attachment A to Letter Agreement No. HAZ-PA-03791-LA-2501278
[*]

[*] | [*] | [*]
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[*] | [*] | [*]
[*] | [*] | [*]

HAZ-PA-03791-LA-2302334 |  | SA-36
[*] |  | Attachment A Page 1
| BOEING PROPRIETARY |

Enclosure 11
Attachment B to Letter Agreement No. HAZ-PA-03791-LA-2302334

Beginning of Capped Period: | [*] |  |
End of Capped Period: | [*] |  |

Escalation Factors

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HAZ-PA-03791-LA-2501278 |  | SA-36
[*] |  | Attachment B Page 1
| BOEING PROPRIETARY |

Enclosure 11

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HAZ-PA-03791-LA-2501278 |  | SA-36
[*] |  | Attachment B Page 2
| BOEING PROPRIETARY |

Enclosure 11

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HAZ-PA-03791-LA-2501278 |  | SA-36
[*] |  | Attachment B Page 3
| BOEING PROPRIETARY |