<DOCUMENT>
<TYPE>PREM14A
<SEQUENCE>1
<FILENAME>d28474dprem14a.htm
<DESCRIPTION>PREM14A
<TEXT>
<HTML><HEAD>
<TITLE>PREM14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">

<Center><DIV STYLE="width:8.5in" align="left">
<DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:17pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:17pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000;width:8%">&nbsp;</DIV></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:17pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Proxy
Statement Pursuant to Section&nbsp;14(a) of </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>the Securities Exchange Act of 1934 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000;width:8%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Filed by the Registrant&nbsp;&#9746; &#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195; Filed by a Party other than the Registrant&nbsp;&#9744; </P>
<P STYLE="margin-top:5pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:5pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Preliminary Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Confidential, for Use of the Commission Only (as permitted by <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-6(e)(2))</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Additional Materials</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Soliciting Material under <FONT STYLE="white-space:nowrap">&#167;240.14a-12</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:21pt; font-family:Times New Roman" ALIGN="center"><B>Air Lease Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified In Its Charter) </B></P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Payment of Filing Fee (Check the appropriate box):</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No fee required.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Fee paid previously with preliminary materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Fee computed on table in exhibit required by Item 25(b) per Exchange Act <FONT STYLE="white-space:nowrap">Rules&nbsp;14a-6(i)(1)</FONT> <FONT STYLE="white-space:nowrap">and&nbsp;0-11.</FONT></TD></TR>
</TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</DIV>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#eb0029"><B>PRELIMINARY PROXY STATEMENT&#8212;SUBJECT TO COMPLETION
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#eb0029"><B>DATED OCTOBER 15, 2025 </B></FONT></P>
<P STYLE="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">

<IMG SRC="g28474g04t04.jpg" ALT="LOGO" STYLE="width:1.66165in;height:1.26052in;">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Air Lease Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>2000 Avenue of the Stars, Suite 1000N </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Los Angeles, CA 90067 </B></P>
<P STYLE="margin-top:15pt; margin-bottom:0pt; margin-right:4%; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>[</B>&#9679;<B></B><B>], 2025 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Dear Fellow Stockholder: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We cordially invite you to attend a
special meeting of the stockholders of Air Lease Corporation, a Delaware corporation (the &#8220;<B>Company,</B>&#8221; &#8220;<B>Air Lease,</B>&#8221; &#8220;<B>we</B>,&#8221; &#8220;<B>us</B>,&#8221; <B>or</B> &#8220;<B>our</B>&#8221;), which will
be held on [&#9679;], 2025, starting at [&#9679;] [a.m./p.m.] Pacific time. The special meeting will be held online in a virtual only meeting format via a live audio webcast at www.cesonlineservices.com/alsm_vm. You will be able to listen to the
special meeting live, ask questions, and vote online. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the special meeting, holders of our Class&nbsp;A Common Stock, par value $0.01 per share,
(&#8220;<B>Class</B><B></B><B>&nbsp;A</B> <B>Common Stock</B>&#8221;) will be asked to consider and vote on a proposal (the &#8220;<B>Merger Proposal</B>&#8221;) to approve and adopt an Agreement and Plan of Merger, dated as of September&nbsp;1,
2025 (as it may be amended, the &#8220;<B>merger agreement</B>&#8221;), by and among the Company, Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company
(&#8220;<B>Parent</B>&#8221;), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent (&#8220;<B>Merger Sub</B>&#8221;), and the consummation of the transactions contemplated thereby, including the
merger described below (the &#8220;<B>merger</B>&#8221;), under which the Company will be acquired by Parent. Parent is a new holding company established in connection with the proposed transaction and, if the transaction is consummated, will be
jointly owned by Sumitomo Corporation, SMBC Aviation Capital Limited, and affiliates of Apollo Capital Management, L.P. and affiliates of Brookfield Asset Management Ltd. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger agreement provides, subject to the terms and conditions contained therein, for the merger of Merger Sub with and into the Company, with the Company
continuing as the surviving company in the merger. If the merger is completed, holders of our Class&nbsp;A Common Stock will be entitled to receive $65.00 in cash, without interest and subject to any applicable withholding taxes, for each share of
our Class&nbsp;A Common Stock that they own immediately prior to the time the merger becomes effective (other than any shares held by any dissenting holder who has properly exercised their appraisal rights in&nbsp;accordance with Section&nbsp;262 of
the Delaware General Corporation Law (&#8220;<B>DGCL</B>&#8221;) or shares to be canceled or converted into shares of the surviving company in accordance with the terms of the merger agreement). Each share of our 4.65% Fixed-Rate Reset <FONT
STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series B (&#8220;<B>Series B Preferred Stock</B>&#8221;), 4.125% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series C
(&#8220;<B>Series C Preferred Stock</B>&#8221;) and 6.00% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series D (&#8220;<B>Series D Preferred Stock</B>&#8221;) issued and outstanding immediately
prior to the time the merger becomes effective will remain outstanding with the same rights, preferences, privileges and voting powers, and restrictions and limitations thereof, as they hold today. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the special meeting, holders of our Class&nbsp;A Common Stock will also be asked to vote on a <FONT
STYLE="white-space:nowrap">non-binding,</FONT> advisory proposal to approve the compensation that may become payable to our named executive officers in connection with the merger, as described in the accompanying proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>The Board of Directors of Air Lease (the &#8220;Air Lease Board&#8221;), after considering the factors more fully described in the proxy statement,
unanimously: (1)&nbsp;determined that the merger agreement and the transactions contemplated thereby, including the merger, are fair to and in the best interests of the Company and its stockholders; and (2)&nbsp;approved and declared advisable the
execution, delivery and performance of the merger agreement and the other transactions contemplated by the merger agreement, including the merger. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>After careful consideration, the Air Lease Board unanimously recommends that you vote &#8220;FOR&#8221; the approval and adoption of the Merger Proposal,
&#8220;FOR&#8221; the compensation that will or may become payable by the Company to its named executive officers in connection with the merger; and &#8220;FOR&#8221; the adjournment of the special meeting, if necessary or appropriate, to solicit
additional proxies if there are insufficient votes at the time of the special meeting to approve the Merger Proposal. The Air Lease Board made these determinations after consultation with its legal and financial advisors and consideration of a
number of factors that are described in the proxy statement. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The proxy statement describes the merger agreement and the transactions contemplated
thereby, including the merger, and provides specific information concerning the special meeting and the proposals to be voted upon. A copy of the merger agreement is attached as Annex A to the proxy statement. In addition, you may obtain information
about the Company from documents filed with the Securities and Exchange Commission. We urge you to read the entire proxy statement, including the annexes and the documents referred to or incorporated by reference in the proxy statement, carefully.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Only holders of Class&nbsp;A Common Stock of record as of the close of business on [&#9679;], 2025, are entitled to notice of the special meeting and to
vote at the special meeting or any adjournment or postponement thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Your vote is very important, regardless of the number of shares of Class&nbsp;A
Common Stock you own. The Merger Proposal cannot be approved (and the merger cannot be completed) without the affirmative vote of a majority of the shares of Class&nbsp;A Common Stock outstanding and entitled to vote at the special meeting in favor
of the approval of the Merger Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">There will not be a physical location for the special meeting. If you plan to attend the virtual special meeting,
you will need to <FONT STYLE="white-space:nowrap">pre-register</FONT> at www.cesonlineservices.com/alsm_vm by [&#9679;] [a.m./p.m.] Pacific time on [&#9679;], 2025. To <FONT STYLE="white-space:nowrap">pre-register</FONT> for the special meeting,
please follow the instructions provided under &#8220;<I>The Special Meeting</I>&#8221; found in the accompanying proxy statement. Once registered, you will be able to attend the special meeting, and vote and submit your questions during the special
meeting via live online webcast by visiting www.cesonlineservices.com/alsm_vm. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you own Class&nbsp;A Common Stock of record, you will find enclosed a
proxy and voting instruction card or cards and an envelope in which to return the card(s). Whether or not you plan to attend the special meeting virtually, please sign, date and return your enclosed proxy and voting instruction card(s), or vote over
the phone or internet, as soon as possible so that your Class&nbsp;A Common Stock can be voted at the meeting in accordance with your instructions. You can revoke your proxy before the special meeting and issue a new proxy as you deem appropriate.
</P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you own Class&nbsp;A Common Stock in &#8220;street name&#8221; through a broker, bank or other nominee,
please be aware that you will need to follow the directions provided by such broker, bank or other nominee regarding how to instruct it to vote your Class&nbsp;A Common Stock at the special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you have any questions or need assistance voting your Class&nbsp;A Common Stock, please contact our proxy solicitor: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On behalf of the Air Lease Board, we thank you for your support. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Steven <FONT STYLE="white-space:nowrap">Udv&aacute;r-Hazy</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Robert A. Milton</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">John L. Plueger</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><I>Chairman of the Board</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><I>Lead Independent Director</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><I>President and</I></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><I>Chief Executive Officer</I></P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Neither the Securities and Exchange Commission nor any state securities regulatory agency has approved or disapproved the
transactions described in this document, including the merger, passed upon the merits or fairness of the merger or passed upon the adequacy or accuracy of the disclosure in this document. Any representation to the contrary is a criminal offense.
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">This proxy statement is dated [&#9679;], 2025 and </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">is first being mailed to stockholders on or about [&#9679;], 2025. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">

<IMG SRC="g28474g04t04.jpg" ALT="LOGO" STYLE="width:1.66111in;height:1.26042in;">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Air Lease Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>2000 Avenue of the Stars, Suite 1000N </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Los Angeles, CA 90067 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Notice of Special Meeting of Stockholders </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>To Holders of our Class&nbsp;A Common Stock: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Notice is
given that a special meeting of stockholders (which we refer to, together with any adjournment or postponement thereof, as the &#8220;<B>special meeting</B>&#8221;) of Air Lease Corporation, a Delaware corporation (which we refer to as the
&#8220;<B>Company</B>,<B></B>&#8221; &#8220;<B>Air Lease&#8221;</B> &#8220;<B>we</B>,&#8221; &#8220;<B>us</B>&#8221; or &#8220;<B>our</B>&#8221;), will be held via a live audio webcast at www.cesonlineservices.com/alsm_vm on [&#9679;], 2025, at
[&#9679;] [a.m./p.m.], Pacific time, to consider and vote upon the following matters: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="91%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">1.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top">To approve and adopt the Agreement and Plan of Merger, dated as of September&nbsp;1, 2025, as it may be amended (the &#8220;<B>merger agreement</B>&#8221;), by and among the Company, Sumisho Air Lease Corporation Designated Activity
Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company (&#8220;<B>Parent</B>&#8221;), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent
(&#8220;<B>Merger Sub</B>&#8221;), and the consummation of the transactions contemplated thereby, including the merger described therein (the &#8220;<B>Merger Proposal</B>&#8221;);</TD></TR>
</TABLE> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="91%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">2.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top">To approve, on a <FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the merger (the
&#8220;<B>Compensation Proposal</B>&#8221;);</TD></TR>
</TABLE> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="91%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">3.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top">To approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the Merger Proposal (the
&#8220;<B>Adjournment Proposal</B>&#8221;); and</TD></TR>
</TABLE> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="91%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">4.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top">To act upon other business that may properly come before the special meeting or any adjournment or postponement thereof.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">To attend and vote at the special meeting, you must <FONT STYLE="white-space:nowrap">pre-register</FONT> at
www.cesonlineservices.com/alsm_vm no later than [&#9679;] [a.m./p.m.] Pacific time on [&#9679;], 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board has fixed the close of
business on [&#9679;], 2025 as the record date for the determination of Class&nbsp;A Common Stockholders entitled to receive notice of, and to vote virtually at, the special meeting or any adjournment or postponement thereof. A list of all
Class&nbsp;A Common Stockholders entitled to vote at the special meeting will be available for examination at our principal executive offices at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067, for 10 days before the special meeting,
and during the special meeting, such list will be available to stockholders who <FONT STYLE="white-space:nowrap">pre-registered</FONT> to attend the special meeting at a link on the meeting platform. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>The Board of Directors of Air Lease (the &#8220;Air Lease Board&#8221;) unanimously recommends that you
vote &#8220;FOR&#8221; the Merger Proposal, &#8220;FOR&#8221; the Compensation Proposal, and &#8220;FOR&#8221; the Adjournment Proposal. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Holders of
our Class&nbsp;A Common Stock who do not vote in favor of the Merger Proposal (whether by voting against the adoption of the merger agreement, abstaining or otherwise not voting with respect to the adoption of the merger agreement) will have the
right to seek appraisal of the &#8220;fair value&#8221; of their shares of Class&nbsp;A Common Stock, exclusive of any elements of value arising from the accomplishment or expectation of the merger, in lieu of receiving $65.00 per share in cash if
the merger is completed (without interest and less any required withholding taxes), as determined in accordance with Section&nbsp;262 of the Delaware General Corporation Law (&#8220;<B>DGCL</B>&#8221;). To do so, a holder of Class&nbsp;A Common
Stock must properly submit a written demand for appraisal to Air Lease before the vote is taken on the Merger Proposal and must comply with all other requirements of the DGCL, including Section&nbsp;262 thereof, which are summarized in the
accompanying proxy statement, and must meet certain other conditions. Section&nbsp;262 of the DGCL is reproduced in its entirety in Annex D to the accompanying proxy statement and is incorporated in this notice by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>To ensure your shares are represented and voted at the special meeting, please vote as promptly as possible, regardless of whether or not you plan to
attend the special meeting virtually</B>. If your shares are held in the name of a broker, bank, trust or other nominee, please vote by following the instructions on the voting instruction form provided by your broker, bank, trust or other nominee.
If you hold your shares in your own name, please submit a proxy to vote your shares as promptly as possible by (i)&nbsp;visiting the website listed on the proxy card, (ii)&nbsp;calling the toll-free number listed on the proxy card or
(iii)&nbsp;submitting your proxy card by mail by using the self-addressed, stamped envelope provided. Submitting a proxy will not prevent you from voting virtually at the special meeting, but it will help to secure a quorum and avoid added
solicitation costs. Any eligible holder of Class&nbsp;A Common Stock entitled to vote at the special meeting and who is virtually present at the special meeting may vote at the special meeting, thereby revoking any previous proxy of such
stockholder. In addition, a proxy may also be revoked in writing before the special meeting in the manner described in this proxy statement. If you fail to vote your shares in advance of the special meeting or fail to attend the special meeting and
vote at the meeting, your shares will not be counted for purposes of determining whether a quorum is present at the special meeting and will have the same effect as a vote against the Merger Proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you have any questions or need assistance voting your Class&nbsp;A Common Stock, please contact our proxy solicitor: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">By Order of the Air Lease Board, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Carol H. Forsyte </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Executive Vice President, General
Counsel,</I> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Corporate Secretary and Chief Compliance Officer</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Los Angeles, California </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">[&#9679;], 2025 </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_1">SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_2">The Parties to the Merger and Their Principal Affiliates</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_3">Effects of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_4">The Special Meeting</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_5">Recommendation of the Air Lease Board; Reasons for the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_6">Opinion of the Company&#8217;s Financial Advisor</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_7">Treatment of Company Equity Awards</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_8">Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_9">Voting Agreement</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_10">U.S. Federal Income Tax Considerations of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_11">Anticipated Accounting Treatment of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_12">Regulatory Approvals Required for the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_13">Financing of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_14">Limited Guarantees</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_15">Appraisal Rights</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_16">Restrictions on Solicitation and Adverse Recommendation Change</A></P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_17">Conditions to the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_18">Termination</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_19">Termination Fees and Remedies</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_20">Financing Efforts and Cooperation</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_21">Orderbook Transfer Cooperation</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_22">Delisting and Deregistration of the Class A Common Stock</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_23">Effect on the Company if the Merger is Not Completed</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_24">Legal Proceedings Relating to the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_25">QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER</A></P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_26">CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_27">THE SPECIAL MEETING</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_28">Date, Time and Location</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_29">Purpose of the Special Meeting</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_30">Record Date; Shares Entitled to Vote; Quorum</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_31">Required Stockholder Vote</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_32">Voting; Proxies; Revocation</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_33">Adjournments and Postponements</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_34">Solicitation of Proxies</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_35">THE MERGER</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_36">Parties to the Merger and their Principal Affiliates</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_37">Background of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_38">Recommendation of the Air Lease Board; Reasons for the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_39">Opinion of the Company&#8217;s Financial Advisor</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_40">Certain Projected Financial Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_41">Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_42">Financing</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_43">Limited Guarantees</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="95%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_44">Voting Agreement</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_45">Anticipated Accounting Treatment of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_46">Appraisal Rights</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_47">U.S. Federal Income Tax Considerations of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_48">Legal Proceedings Relating to the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.20em; text-indent:-3.20em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_49">PROPOSAL 1: APPROVAL AND ADOPTION OF THE MERGER AGREEMENT AND THE TRANSACTIONS
 CONTEMPLATED THEREBY, INCLUDING THE MERGER</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.20em; text-indent:-3.20em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_50">PROPOSAL 2: APPROVAL ON A NON-BINDING, ADVISORY BASIS OF CERTAIN MERGER RELATED
 EXECUTIVE COMPENSATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_51">PROPOSAL 3: ADJOURNMENT OF SPECIAL MEETING</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_52">THE MERGER AGREEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_53">Explanatory Note Regarding the Merger Agreement</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_54">Structure of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_55">Completion of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_56">General Effects of the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_57">Effects of the Merger on the Class A Common Stock of the
Company</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_58">Effects of the Merger on the Preferred Stock of the Company</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_59">Treatment of Company Equity Awards</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_60">Exchange and Payment Procedures for the Class A Common Stock in the
Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_61">Representations and Warranties</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_62">Conduct of Business Pending the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_63">Other Covenants and Agreements</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_75">Conditions to the Merger</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_76">Termination</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_77">Termination Fees and Remedies</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_78">Assignment; Amendments and Waivers</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.40em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_79">Governing Law, Jurisdiction and Venue</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_80">VOTING AGREEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.20em; text-indent:-3.20em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_81">SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN BENEFICIAL OWNERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_82">ELIMINATING DUPLICATIVE PROXY MATERIALS</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_83">SUBMISSION OF FUTURE STOCKHOLDER PROPOSALS</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_84">WHERE YOU CAN FIND ADDITIONAL INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_85">ANNEX&nbsp;A: MERGER AGREEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">A-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_86">ANNEX&nbsp;B: VOTING AGREEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">B-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_87">ANNEX&nbsp;C: OPINION OF THE COMPANY&#8217;S FINANCIAL ADVISOR</A></P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">C-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.20em; text-indent:-3.20em; font-size:11pt; font-family:Times New Roman"><A HREF="#rom28474_88">ANNEX&nbsp;D: COPY OF SECTION&nbsp;
262 OF THE DELAWARE GENERAL CORPORATION LAW</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">D-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_1"></A>SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The proxy associated with this proxy statement is solicited by the Air Lease Board. For your convenience, provided below is a brief summary of certain
information contained in this proxy statement, which is first being sent or made available to stockholders on or about [</I>&#9679;<I></I><I>], 2025. This summary highlights selected information from this proxy statement and does not contain all of
the information that may be important to you as a holder of Air Lease Class&nbsp;A Common Stock. To understand the merger (as defined below) fully and for a more complete description of the terms of the merger, you should read this entire proxy
statement carefully, including its annexes and the other documents to which you are referred. Additionally, important information, which you are urged to read, is contained in the documents incorporated by reference into this proxy statement. See
the section entitled &#8220;Where You Can Find Additional Information&#8221; beginning on page 128. Items in this summary include a page reference directing you to a more complete description of those items. In this proxy statement, the
&#8220;Company,&#8221; &#8220;Air Lease,&#8221; &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221; refer to Air Lease Corporation and its consolidated subsidiaries taken as a whole, unless the context requires otherwise. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_2"></A>The Parties to the Merger and Their Principal Affiliates </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Air Lease Corporation </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Founded in 2010, the Company is
principally engaged in purchasing modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers and leasing those aircraft to airlines. In addition to leasing activities, the Company sells aircraft from its fleet
to third parties, including other leasing companies, financial services companies, airlines and other investors. The Company also provides fleet management services to investors and owners of aircraft portfolios. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company&#8217;s Class&nbsp;A Common Stock, par value $0.01 (&#8220;<B>Class</B><B></B><B>&nbsp;A Common Stock</B>&#8221;), is listed on the New York Stock
Exchange (&#8220;<B>NYSE</B>&#8221;) under the ticker symbol &#8220;AL.&#8221; The Company&#8217;s principal executive office is located at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067. The Company&#8217;s website is
www.airleasecorp.com. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Additional information about the Company is contained in its filings with the Securities Exchange Commission
(&#8220;<B>SEC</B>&#8221;), certain of which are incorporated by reference into this proxy statement. See &#8220;<I>Where You Can Find Additional Information</I>&#8221; beginning on page&nbsp;128. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Takeoff Merger Sub Inc. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Takeoff Merger Sub, Inc., a
Delaware corporation (&#8220;<B>Merger Sub</B>&#8221;) is an indirect wholly owned subsidiary of Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company
(&#8220;<B>Parent</B>&#8221;) and was formed solely for the purpose of engaging in the merger and other related transactions. Merger Sub has not engaged in any business other than in connection with the merger and other related transactions. See
&#8220;<I>The Merger&#8212;The Parties to the Merger and their Principal Affiliates</I>&#8221; beginning on page&nbsp;36. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Merger Sub&#8217;s address is
located at 277 Park Avenue, 15th Floor, New York, New York 10172. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora Designated
Activity Company) </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent was established in connection with the proposed transaction and, if the transaction is consummated, will be jointly owned by
SMBC Aviation Capital Limited (&#8220;<B>SMBC AC</B>&#8221;), Sumitomo Corporation (&#8220;<B>Sumitomo</B>&#8221;) and affiliates of Apollo Capital Management, L.P. (&#8220;<B>Apollo</B>&#8221;) and affiliates of Brookfield Asset Management Ltd.
(<B>&#8220;Brookfield</B>,&#8221; and collectively, the &#8220;<B>Investors</B>&#8221;). Parent was formed solely for the purpose of engaging in the merger and other related transactions, and Parent has not engaged in any business other than in
connection with the merger and other related transactions. See &#8220;<I>The Merger&#8212;The Parties to the Merger and their Principal Affiliates</I>&#8221; beginning on page&nbsp;36. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent&#8217;s address is located at 277 Park Avenue, 15th Floor, New York, New York 10172. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Sumitomo Corporation </I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumitomo is an integrated global
trading company with diversified investments in businesses involved in manufacturing, marketing, sales and distribution of consumer products, providing financing for customers and suppliers, coordination and operation of urban and industrial
infrastructure products, providing transportation and logistics services, developing natural resources, sales and distribution of steel and other products, and developing and managing real estate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumitomo&#8217;s address is located at Otemachi Place East Tower, <FONT STYLE="white-space:nowrap">3-2</FONT> Otemachi
<FONT STYLE="white-space:nowrap">2-Chome,</FONT> <FONT STYLE="white-space:nowrap">Chiyoda-ku,</FONT> Tokyo <FONT STYLE="white-space:nowrap">100-8601,</FONT> Japan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>SMBC Aviation Capital Limited </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">SMBC Aviation Capital is
one of the world&#8217;s leading aircraft operating lease companies. In operation since 2001, it has an owned and serviced fleet valued at $30.0 billion, comprising 507 owned and 234 serviced aircraft. In June 2012, it was acquired by a consortium
led by Sumitomo Mitsui Banking Corporation (&#8220;<B>SMBC</B>&#8221;), with its ultimate parent becoming Sumitomo Mitsui Financial Group, Inc. (&#8220;<B>SMFG</B>&#8221;), and over the last 13 years has formed a key pillar of the wider Sumitomo
family aircraft financing group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">SMBC AC&#8217;s address is located at Fitzwilliam 28, Fitzwilliam Street Lower, Dublin D02 KF20, Ireland. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Apollo Capital Management, L.P. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo is a subsidiary
of Apollo Global Management, Inc. (&#8220;<B>Apollo Global Management</B>,&#8221; and together with its subsidiaries, including Apollo, &#8220;<B>Apollo Group</B>&#8221;), a Delaware corporation, a
<FONT STYLE="white-space:nowrap">high-growth,</FONT> global alternative asset manager and a retirement services provider that is publicly listed on the NYSE under the ticker symbol &#8220;APO.&#8221; Apollo Global Management has three reportable
segments: asset management, retirement services, and principal investing. These business segments are differentiated based on the investment services they provide, as well as varying investing strategies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo Global Management&#8217;s asset management segment focuses on credit and equity investment strategies. These strategies reflect the range of investment
capabilities across Apollo Group&#8217;s asset management platform based on relative risk and return. Credit focuses on generating excess returns through high-quality credit underwriting and origination. In addition to participation in the
traditional issuance and secondary credit markets, through affiliated origination platforms and corporate solutions </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
capabilities, the credit strategy seeks to originate attractive and safe-yielding assets for investors. Apollo Group&#8217;s equity team has experience across sectors, industries, and geographies
in spanning its private equity, hybrid value, secondaries equity, real estate equity, impact investing, infrastructure, and clean transition equity strategies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo Group&#8217;s retirement services business is conducted by Athene Holding Ltd., a leading financial services company that specializes in issuing,
reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs.&#8195; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In Apollo Global Management&#8217;s principal investing segment, Apollo Global Management makes strategic equity and financing investments and generates
performance allocations from the Apollo Group funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo&#8217;s address is located at 9 West
57<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Street, 43<SUP STYLE="font-size:75%; vertical-align:top">rd</SUP> Floor, New York, NY 10019. Apollo&#8217;s website is www.apollo.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Brookfield Asset Management Ltd. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Brookfield is a global
alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate and credit. Brookfield offers a broad range of investment
strategies designed to build and preserve wealth for institutional and individual investors. Drawing on its <FONT STYLE="white-space:nowrap">125-year</FONT> heritage as an owner and operator, Brookfield supports businesses in enhancing operations,
growing free cash flow, and creating long-term value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Brookfield&#8217;s Class&nbsp;A Limited Voting Shares are listed on the NYSE and Toronto Stock
Exchange under the ticker symbol &#8220;BAM.&#8221; Brookfield&#8217;s principal executive office is located at Brookfield Place, 250 Vesey Street, 15<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor, New York, NY 10281-0221.
Brookfield&#8217;s website is www.brookfield.com. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_3"></A>Effects of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger agreement provides that, on the terms and subject to the conditions of the merger agreement, Merger Sub will be merged with and into the Company,
with the Company continuing as the surviving company in the merger (the &#8220;<B>merger</B>&#8221;). Upon completion of the merger, each issued and outstanding share of Class&nbsp;A Common Stock other than (i)&nbsp;shares held by any dissenting
holder that properly and validly exercises appraisal rights under the Delaware General Corporation Law (the &#8220;<B>DGCL</B>&#8221;) (as described under &#8220;<I>The Merger &#8211; Appraisal Rights&#8221;</I>) and (ii)&nbsp;shares to be canceled
or converted into shares of the surviving corporation pursuant to the merger agreement or, as described more fully under &#8220;<I>The Merger Agreement&#8212;Effects of the Merger on the Class</I><I></I><I>&nbsp;A Common Stock of the
Company</I>&#8221; beginning on page&nbsp;98, will be converted into the right to receive $65.00 per share of Class&nbsp;A Common Stock, in cash, without interest and less any required withholding taxes (the &#8220;<B>merger
consideration</B>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Upon completion of the merger, the Class&nbsp;A Common Stock will no longer be publicly traded and will be delisted from the
New York Stock Exchange, and the <FONT STYLE="white-space:nowrap">pre-merger</FONT> holders of Class&nbsp;A Common Stock (the &#8220;<B>Class</B><B></B><B>&nbsp;A Common Stockholders</B>&#8221;) will cease to have any ownership interest in the
Company. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Each share of 4.65% Fixed-Rate <FONT STYLE="white-space:nowrap">Reset&nbsp;Non-Cumulative&nbsp;Perpetual</FONT> Preferred Stock, Series B (&#8220;<B>Series B Preferred Stock</B>&#8221;), each
share of 4.65% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series C (&#8220;<B>Series C Preferred Stock</B>&#8221;), and each share of 6.00% Fixed-Rate Reset
<FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series D (&#8220;<B>Series D Preferred Stock</B>&#8221;) of the Company issued and outstanding immediately prior to the effective time of the merger will remain
outstanding and will be deemed to be a share of preferred stock of the surviving corporation with the same rights, powers, privileges and voting powers, and restrictions and limitations thereof applicable to such series of preferred stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">After the merger is completed, the holders of our Class&nbsp;A Common Stock will have the right to receive the merger consideration for each share of our
Class&nbsp;A Common Stock owned by them, but will no longer have any rights as a stockholder of the Company (except that Class&nbsp;A Common Stockholders who properly and validly exercise and perfect, and do not validly withdraw or otherwise lose,
their demand for appraisal or dissenters&#8217; rights under the DGCL or other applicable law will have the right to receive a payment for the &#8220;fair value&#8221; of their shares as determined pursuant to an appraisal proceeding as contemplated
by the DGCL, as described in the section of this proxy statement entitled &#8220;<I>The Merger&#8212;Appraisal Rights</I>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_4"></A>The Special Meeting (Page&nbsp;31) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Date, Time and Location </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The special meeting will be held on [&#9679;], 2025, starting at [&#9679;] [a.m./p.m.], Pacific time. The special meeting will be held online in a virtual
only meeting format via a live audio webcast at www.cesonlineservices.com/alsm_vm. You will be able to listen to the special meeting live, ask questions and vote online. To attend and vote at the special meeting, you must <FONT
STYLE="white-space:nowrap">pre-register</FONT> at www.cesonlineservices.com/alsm_vm no later than [&#9679;] [a.m./p.m.] Pacific time on [&#9679;], 2025. See &#8220;<I>Questions and Answers About the Special Meeting and the Merger&#8212;How do I <FONT
STYLE="white-space:nowrap">pre-register</FONT> to attend the special meeting?</I>&#8221; and &#8220;<I>The Special Meeting</I>&#8221; for more information on how to <FONT STYLE="white-space:nowrap">pre-register.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Purpose </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the special meeting, we will ask holders of
Class&nbsp;A Common Stock to vote on the following proposals: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(1) approve and adopt the merger agreement and the consummation of the transactions
contemplated thereby, including the merger described therein (the &#8220;<B>Merger Proposal</B>&#8221;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(2) approve, on a
<FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the merger (the &#8220;<B>Compensation Proposal</B>&#8221;);
and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(3) approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the
time of the special meeting to approve the Merger Proposal (the &#8220;<B>Adjournment Proposal</B>&#8221;). </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Record Date and Quorum (Page&nbsp;31) </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The holders of record of the Class&nbsp;A Common Stock as of the close of business on [&#9679;], 2025 (the &#8220;<B>Record Date</B>&#8221;) are entitled to
receive notice of and to vote at the special meeting. As of the Record Date, there were [&#9679;] shares of Class&nbsp;A Common Stock issued and outstanding and entitled to vote at the special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The holders of a majority in voting power of all issued and outstanding Class&nbsp;A Common Stock as of the Record Date entitled to vote must be present in
person or represented by proxy at the special meeting in order to constitute a quorum for the transaction of business. If a quorum is not present, the Chairman of the special meeting or the holders of a majority in voting power of the Class&nbsp;A
Common Stock entitled to vote, present in person or represented by proxy, may adjourn the special meeting until a quorum has been obtained. Abstentions, but not broker <FONT STYLE="white-space:nowrap">non-votes,</FONT> will be counted toward the
presence of a quorum at the special meeting. </P> <P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Required Stockholder Votes (Page&nbsp;32) </I></P>
<P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Proposal 1: Approval of the Merger Proposal requires the affirmative vote of the holders of a majority of the
shares of Class&nbsp;A Common Stock outstanding as of the close of business on the Record Date. The approval of the Merger Proposal is a condition to the parties&#8217; obligations to consummate the merger. </P></TD></TR></TABLE>
<P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Proposal 2: Approval of the Compensation Proposal requires the affirmative vote of the holders of a majority of
the shares of Class&nbsp;A Common Stock entitled to vote thereon, present in person or represented by proxy. This vote will be on a <FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory basis. </P></TD></TR></TABLE>
<P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Proposal 3: Approval of the Adjournment Proposal requires the affirmative vote of the holders of a majority of
the shares of Class&nbsp;A Common Stock entitled to vote thereon, present in person or represented by proxy. </P></TD></TR></TABLE> <P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Voting and
Proxies&nbsp;(Page&nbsp;33) </I></P> <P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Stockholders of Record</I>: Stockholders of record of our Class&nbsp;A Common Stock entitled to vote at the special
meeting may vote in any of the following ways:</P> <P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">by proxy, by filling out and signing the proxy card (a proxy card and a prepaid reply envelope are enclosed for
your convenience); </P></TD></TR></TABLE> <P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">by proxy, by calling the toll-free number found on the proxy card or online at the internet voting website
provided on the proxy card by [&#9679;] on [&#9679;]; or </P></TD></TR></TABLE> <P STYLE="font-size:13pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">by <FONT STYLE="white-space:nowrap">pre-registering</FONT> to attend the special meeting and voting at the
special meeting. </P></TD></TR></TABLE> <P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you are a stockholder of record, you may change your vote or revoke your proxy before it is voted at the special
meeting by (1)&nbsp;signing another proxy card with a later date and returning it prior to the special meeting; (2)&nbsp;submitting a new proxy electronically over the internet or by telephone after the
</P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
date of the earlier submitted proxy; (3)&nbsp;delivering a written notice of revocation to our Corporate Secretary at the address for our principal executive office listed on the cover page of
this proxy statement so that it arrives no later than the close of business on [&#9679;], 2025; or <FONT STYLE="white-space:nowrap">(4)&nbsp;pre-registering</FONT> to attend the special meeting and voting at the special meeting.</P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Beneficial Owner of Shares</I>: If you are a beneficial owner and hold your shares of Class&nbsp;A Common Stock in &#8220;street name&#8221; through a
bank, broker or other nominee, you should contact your bank, broker or other nominee for instructions on how to vote your shares. If you receive printed copies of the proxy materials by mail, you may also vote by filling out the voting instruction
form and returning it in the envelope provided. The availability of online or phone voting may depend on the voting process of the organization that holds your shares. Beneficial owners who want to attend and also vote at the special meeting will
need to obtain a legal proxy from the organization that holds their shares giving them the right to vote their shares at the special meeting and by presenting it with their online ballot before the closing of the polls. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under applicable stock exchange rules, banks, brokers or other nominees have the discretion to vote on routine matters, but not
<FONT STYLE="white-space:nowrap">on&nbsp;non-routine&nbsp;matters.</FONT><B>&nbsp;The proposals to be considered</B> <B>at the special meeting are all</B><B></B><B><FONT STYLE="white-space:nowrap">&nbsp;non-routine</FONT></B><B></B><B>&nbsp;matters,
and banks, brokers and other nominees cannot vote on these proposals </B><B>without your instructions. Therefore, it is important that you cast your vote or instruct your bank, broker or nominee on how you wish to vote your shares.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For a more complete description on how to vote at the special meeting, see the section of this proxy statement entitled &#8220;<I>Questions and Answers About
the Special Meeting and the Merger&#8212;How do I vote at the special meeting?</I>&#8221; and &#8220;<I>The Special Meeting&#8212;Voting; Proxies; Revocation</I>&#8221; beginning on page 24 and page 33, respectively, of this proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_5"></A>Recommendation of the Air Lease Board; Reasons for the Merger (Page&nbsp;55) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board, after considering various factors described herein, unanimously (i)&nbsp;determined that the merger agreement and the transactions
contemplated thereby, including the merger, are fair to and in the best interests of the Company and its stockholders and (ii)&nbsp;approved and declared advisable the execution, delivery and performance of the merger agreement and the consummation
of the transactions contemplated thereby, including the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board unanimously recommends that you vote (1) &#8220;<B>FOR</B>&#8221; the
Merger Proposal; (2) &#8220;<B>FOR</B>&#8221; the Compensation Proposal; and (3) &#8220;<B>FOR</B>&#8221; the Adjournment Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For a more complete
discussion of the factors considered by the Air Lease Board in reaching its decision to approve and adopt the Merger Proposal, see &#8220;<I>The Merger&#8212;Recommendation of the Air Lease Board; Reasons for the Merger&#8221;</I> beginning on
page&nbsp;55. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_6"></A>Opinion of the Company&#8217;s Financial Advisor (Page 60 and Annex C) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the meeting of the Air Lease Board on September&nbsp;1, 2025, J.P. Morgan Securities LLC (&#8220;<B>J.P. Morgan</B>&#8221;) rendered its oral opinion to
the Air Lease Board to the effect that, as of such date, and based upon and subject to the assumptions made, procedures followed, matters considered and limitations on the review undertaken by J.P. Morgan in preparing its opinion, the merger
consideration to be paid to </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the holders of the Class&nbsp;A Common Stock in the proposed merger was fair, from a financial point of view, to such holders. J.P. Morgan confirmed its September&nbsp;1, 2025 oral opinion by
delivering its written opinion, dated September&nbsp;1, 2025, to the Air Lease Board that, as of such date, the merger consideration to be paid to the holders of Class&nbsp;A Common Stock in the proposed merger was fair from a financial point of
view, to such holders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The full text of the written opinion of J.P. Morgan, dated September&nbsp;1, 2025, which sets forth, among other things, the
assumptions made, procedures followed, matters considered and limitations on the review undertaken by J.P. Morgan in preparing its opinion, is attached as Annex C to this proxy statement and is incorporated herein by reference. The summary of the
opinion of J.P. Morgan set forth in this proxy statement is qualified in its entirety by reference to the full text of such opinion. The Company&#8217;s stockholders are urged to read the opinion in its entirety. J.P. Morgan&#8217;s opinion was
addressed to the Air Lease Board (in its capacity as such) in connection with and for the purposes of its evaluation of the proposed merger, and was limited to the fairness, from a financial point of view, of the merger consideration to be paid to
the holders of Class&nbsp;A Common Stock in the proposed merger. J.P. Morgan expressed no opinion as to the fairness of any consideration to be paid in connection with the proposed merger to the holders of any other class of securities, creditors or
other constituencies of the Company or as to the underlying decision by the Company to engage in the proposed merger. The issuance of J.P. Morgan&#8217;s opinion was approved by a fairness opinion committee of J.P. Morgan. The summary of the opinion
of J.P. Morgan set forth in this proxy statement is qualified in its entirety by reference to the full text of such opinion. The opinion does not constitute a recommendation to any stockholder of the Company as to how such stockholder should vote
with respect to the proposed merger or any other matter. </P> <P STYLE="margin-top:13pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For a description of the opinion that the Air Lease Board received from J.P. Morgan, see the
section of this proxy statement entitled &#8220;<I>The Merger &#8211; Opinion of the Company&#8217;s Financial Advisor</I>&#8221; beginning on page 60 of this proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_7"></A>Treatment of Company Equity Awards in the Merger (Page&nbsp;98) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Treatment of Company Restricted Stock Units </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the
terms and subject to the conditions set forth in the merger agreement, at the effective time of the merger, (i)&nbsp;each outstanding Company restricted stock unit award that is subject to only time-based vesting conditions (each, a
&#8220;<B>Company RSU&#8221;</B>) that is vested (but not yet settled) immediately prior to the effective time of the merger or becomes vested as of the effective time of the merger in accordance with its terms will be converted into the right to
receive an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such
Company RSU and (ii)&nbsp;each outstanding Company RSU that is not vested immediately prior to the effective time of the merger will be converted into the contingent right to receive from Parent or the surviving corporation an amount in cash,
without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such Company RSU, subject to
the same vesting terms and conditions after the effective time as applied to the corresponding Company RSU immediately prior to the effective time of the merger. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Treatment of Company Performance Stock Units </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the terms and subject to the conditions set forth in the merger agreement, at the effective time of the merger, each outstanding restricted stock unit
award that is subject to performance-based vesting conditions (each, a &#8220;<B>Company PSU</B>&#8221;) will be converted into a contingent right to receive from Parent or the surviving corporation an amount in cash, without interest and subject to
applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock issuable pursuant to such Company PSU determined based upon the greater of
the target level of performance and the actual level of performance calculated as of the latest practicable date prior to the effective time of the merger, subject to the same vesting terms and conditions after the effective time of the merger as
applied to the corresponding Company PSU immediately prior to the effective time of the merger (other than any performance-based conditions). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_8"></A>Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger (Page&nbsp;72) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Holders of the Class&nbsp;A Common Stock should be
aware that the Company&#8217;s directors and executive officers have interests in the merger that may be different from, or in addition to, those of holders of the Class&nbsp;A Common Stock generally. The Air Lease Board was aware of these interests
and considered them, among other matters, in approving the merger agreement and making its recommendation that the Class&nbsp;A Common Stockholders vote &#8220;FOR&#8221; the Merger Proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information regarding the interests of the Company&#8217;s directors and executive officers in the merger, see &#8220;<I>The Merger&#8212;Interests
of Air Lease&#8217;s Directors and Executive Officers in the Merger</I>.&#8221; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_9"></A>Voting Agreement (Page&nbsp;82) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As a condition to Parent&#8217;s willingness to enter into the merger agreement and to proceed with the transactions contemplated thereby, including the
merger, Parent entered into the voting agreement with each of the Company&#8217;s directors as well as the Company&#8217;s Chief Financial Officer and General Counsel. As of October&nbsp;10, 2025, the Company directors and executive officers that
are party to the voting agreement beneficially own in the aggregate 6,895,945&nbsp;shares of the issued and outstanding Class&nbsp;A Common Stock, representing approximately 6.17% of the outstanding Class&nbsp;A Common Stock. However, the shares
subject to the voting agreement are limited to 4.99% of the issued and outstanding shares of Class&nbsp;A Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, see
&#8220;<I>Voting Agreement</I>&#8221; beginning on page&nbsp;120. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_10"></A>U.S. Federal Income Tax Considerations of the Merger
(Page&nbsp;89) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For U.S. federal income tax purposes, the receipt of cash by a U.S. Holder (as defined below in the section entitled &#8220;<I>The
Merger&#8212;U.S. Federal Income Tax Considerations of the Merger</I>&#8221;) in exchange for such U.S. Holder&#8217;s shares of Class&nbsp;A Common Stock in the merger generally will result in the recognition of gain or loss in an amount equal to
the difference, if any, between the amount of cash that such U.S. Holder receives in the merger and such U.S. Holder&#8217;s adjusted tax basis in the shares of Class&nbsp;A Common Stock surrendered in the merger. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">A <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder (as defined below in the section entitled
&#8220;<I>The Merger&#8212;U.S. Federal Income Tax Considerations of the Merger</I>&#8221;) generally will not be subject to U.S. federal income tax with respect to the exchange of shares of Class&nbsp;A Common Stock for cash in the merger unless
such <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder has certain connections to the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, see the section entitled
&#8220;<I>The Merger&#8212;U.S. Federal Income Tax Considerations of the Merger</I>&#8221; beginning on page&nbsp;89. <B>Stockholders should consult their tax advisors concerning</B> <B>the U.S. federal income tax consequences relating to the merger
in light of their particular circumstances and any consequences arising under U.S. federal <FONT STYLE="white-space:nowrap">non-income</FONT> tax laws or the laws of any state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> taxing
jurisdictions.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_11"></A>Anticipated Accounting Treatment of the Merger (Page&nbsp;83) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company, as the surviving company, may account for the merger as a business combination using the purchase method of accounting for financial accounting
purposes, whereby the estimated purchase price would be allocated to the assets and liabilities of the Company based on their relative fair values following FASB Accounting Standards Codification Topic 805, Business Combinations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_12"></A>Regulatory Approvals Required for the Merger (Page 92) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the terms of the merger agreement, the merger cannot be consummated until the authorizations, consents, orders or approvals of, or declarations or
filings with, or confirmation of no further questions and/or declinations to assert jurisdiction or conduct a formal review, and the expirations or terminations of waiting periods required by, governmental entities of Chile, China, COMESA, Egypt,
France, Germany, Italy, Kazakhstan, Mexico, Moldova, Morocco, Poland, Romania, Saudi Arabia, South Africa, South Korea, Sweden, Switzerland, Taiwan, Turkey, Ukraine, United Arab Emirates, United Kingdom, Vietnam and the United States (and any other
governmental entity which assumes jurisdiction to review the merger) shall have been filed, have occurred or been obtained, and all such required regulatory approvals shall be in full force and effect. The above list of jurisdictions is subject to
modification based, inter alia, on confirmation from local counsel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;8, 2025, the Company and Parent each filed their respective
notification and report forms with the U.S. Federal Trade Commission (the &#8220;<B>FTC</B>&#8221;) and the Antitrust Division of the U.S. Department of Justice (the &#8220;<B>DOJ</B>&#8221;) under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended (the &#8220;<B>HSR Act</B>&#8221;), with respect to the proposed merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company and Parent intend to promptly prepare and file the
requisite notification forms with the Committee on Foreign Investment in the United States&nbsp;(&#8220;<B>CFIUS</B>&#8221;) and all other relevant <FONT STYLE="white-space:nowrap">non-US</FONT> antitrust and foreign investment authorities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, please see the section of this proxy statement titled &#8220;<I>The Merger&#8212;Regulatory Approvals Required for the Merger</I>&#8221;
beginning on page 92. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_13"></A>Financing of the Merger (Page 80) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Concurrently with the execution of the merger agreement, Parent obtained equity and debt financing commitments for the transactions contemplated by the merger
agreement, including the merger. The </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Investors delivered equity commitment letters to Parent (the &#8220;<B>Equity Commitment Letters</B>&#8221;), pursuant to which the Investors committed to invest up to an aggregate amount of
$5,404,613,000 in equity securities of Parent on the terms and subject to conditions set forth in the equity commitment letters. Concurrently with the execution of the merger agreement, Parent also obtained a debt commitment letter from certain
lenders (the &#8220;<B>Debt Commitment Letter</B>&#8221;) pursuant to which such lenders committed to provide, on the terms and subject to the conditions set forth in the Debt Commitment Letter, up to an aggregate amount of $12,100,000,000 in debt
financing, of which $8,600,000,000 consisted of commitments under a bridge facility and $3,500,000,000 consisted of commitments for a revolving credit facility. The equity and debt financing will be used to fund all amounts required to pay the
merger consideration and all related fees, costs and expenses incurred by Parent in connection with, or upon the consummation of, the merger. The consummation of the merger and the other transactions contemplated by the merger agreement are not
conditioned on Parent&#8217;s receipt of any financing. For more information, please see the section of this proxy statement titled &#8220;<I>The Merger&#8212;Financing&#8221;</I> beginning on page 80. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_14"></A>Limited Guarantees (Page&nbsp;82) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under a limited guarantee, dated as of September&nbsp;1, 2025, by and between the Company and Sumitomo and a limited guarantee, dated as of September&nbsp;1,
2025, by and between the Company and SMBC AC (collectively, the &#8220;<B>Limited Guarantees</B>&#8221;), Sumitomo and SMBC AC (the &#8220;<B>Guarantors</B>&#8221;) have guaranteed, on a several and not joint and several basis, the due and punctual
performance and discharge of (a)&nbsp;Parent&#8217;s payment obligations in respect of the Parent regulatory termination fee and recovery expenses with respect to such regulatory termination fee pursuant to the merger agreement, (b)&nbsp;the
reimbursement and indemnification obligations of Parent pursuant to the merger agreement and (c)&nbsp;following any termination of the merger agreement, monetary damages payable by Parent or Merger Sub in accordance with the merger agreement for
willful breach of the merger agreement by Parent or Merger Sub, in each case when and only if those obligations become payable under the merger agreement. For more information, please see the section of this proxy statement titled &#8220;<I>The
Merger&#8212;Limited Guarantees</I>&#8221; beginning on page 82. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_15"></A>Appraisal Rights (Page&nbsp;83) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the merger is consummated, holders of Class&nbsp;A Common Stock who (1)&nbsp;do not vote in favor of the adoption of the merger agreement (whether by
voting against the adoption of the merger agreement, abstaining or otherwise not voting with respect to the adoption of the merger agreement), (2) continuously hold (in the case of holders of record who own in their own name) or continuously own (in
the case of beneficial owners) their applicable shares of our Class&nbsp;A Common Stock through the effective time of the merger, (3)&nbsp;properly demand appraisal of their applicable shares, (4)&nbsp;meet certain statutory requirements described
in this proxy statement, and (5)&nbsp;do not withdraw their demands or otherwise lose their rights to appraisal will be entitled to seek appraisal of their shares in connection with the merger under Section&nbsp;262 of the DGCL if the conditions set
forth in Section&nbsp;262(g) of the DGCL are satisfied. This means that these stockholders will be entitled to have their shares appraised by the Delaware Court of Chancery and to receive payment in cash of the &#8220;fair value&#8221; of their
shares of Class&nbsp;A Common Stock, exclusive of any elements of value arising from the accomplishment or expectation of the merger, together with (unless the Delaware Court of Chancery in its discretion determines otherwise for good cause shown)
interest on the amount determined by the Delaware Court of Chancery to be fair value from the effective date of the merger through the date of payment of the </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
judgment at a rate of five percent over the Federal Reserve discount rate (including any surcharge) as established from time to time during the period between the effective date of the merger and
the date of payment of the judgment, compounded quarterly (except that, if at any time before the entry of judgment in the proceeding, the surviving corporation makes a voluntary cash payment to stockholders seeking appraisal, interest will accrue
thereafter only upon the sum of (1)&nbsp;the difference, if any, between the amount so paid and the fair value of the shares as determined by the Delaware Court of Chancery; and (2)&nbsp;interest theretofore accrued, unless paid at that time). The
surviving corporation is under no obligation to make such voluntary cash payment prior to such entry of judgment. Due to the complexity of the appraisal process, stockholders who wish to seek appraisal of their shares of Class&nbsp;A Common Stock
are encouraged to seek the advice of legal counsel with respect to the exercise of appraisal rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Class&nbsp;A Common Stockholders considering seeking
appraisal should be aware that the fair value of their shares of Class&nbsp;A Common Stock as determined pursuant to Section&nbsp;262 of the DGCL could be more than, the same as or less than the value of the consideration that they would receive
pursuant to the merger agreement if they did not seek appraisal of their shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Only a holder of record of our Class&nbsp;A Common Stock may submit a
demand for appraisal. To exercise appraisal rights, the Class&nbsp;A Common Stockholder of record must (1)&nbsp;submit a written demand for appraisal to the Company before the vote is taken on the proposal to adopt the merger agreement; (2)&nbsp;not
vote, in person or by proxy, in favor of the proposal to adopt the merger agreement (whether by voting against the adoption of the merger agreement, abstaining or otherwise not voting with respect to the adoption of the merger agreement); (3)
continue to hold (in the case of holders of record who own in their own name) or own (in the case of beneficial owners) the subject shares of Class&nbsp;A Common Stock of record through the effective time of the merger; and (4)&nbsp;strictly comply
with all other procedures for exercising appraisal rights under the DGCL. The failure to follow exactly the procedures specified under the DGCL may result in the loss of appraisal rights. In addition, the Delaware Court of Chancery will dismiss
appraisal proceedings in respect of the Company unless certain conditions are satisfied by the stockholders seeking appraisal, as described further in the section entitled &#8220;<I>The Merger&#8212;Appraisal Rights.</I>&#8221; The requirements
under Section&nbsp;262 of the DGCL for exercising appraisal rights are described in further detail in this proxy statement, which description is qualified in its entirety by Section&nbsp;262 of the DGCL, the relevant section of the DGCL regarding
appraisal rights, a copy of which is attached as Annex D to this proxy statement. If you hold your shares of Class&nbsp;A Common Stock through a bank, broker or other nominee and you wish to exercise appraisal rights, you should consult with your
bank, broker or other nominee to determine the appropriate procedures for the making of a demand for appraisal on your behalf by your bank, broker or other nominee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">See the sections of this proxy statement titled &#8220;<I>The Merger&#8212;Appraisal Rights</I>&#8221; beginning on page&nbsp;83. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_16"></A>Restrictions on Solicitation and Adverse Recommendation Change (Page 107) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this proxy statement, &#8220;alternative proposal,&#8221; &#8220;superior proposal,&#8221; &#8220;acceptable confidentiality agreement,&#8221;
&#8220;adverse recommendation change,&#8221; and &#8220;intervening event&#8221; are defined in the section entitled &#8220;<I>The Merger Agreement&#8212;Other Covenants and Agreements&#8212;Restrictions on Solicitation and Adverse Recommendation
Change</I>&#8221; beginning on page&nbsp;107. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the merger agreement, the Company has agreed that, until the completion of the merger or the date, if
any, of termination of the merger agreement and subject to certain exceptions, none of the Company, its subsidiaries, or its or their officers, directors, managers, employees or representatives will: (1)&nbsp;solicit, initiate, knowingly encourage
or knowingly facilitate any inquiry, discussion, offer or request that constitutes, or could reasonably be expected to lead to, an alternative proposal (an &#8220;<B>inquiry</B>&#8221;); (2) furnish <FONT STYLE="white-space:nowrap">non-public</FONT>
information regarding the Company and its subsidiaries to any person in connection with an inquiry or an alternative proposal; (3)&nbsp;enter into, continue or maintain discussions or negotiations with any person with respect to an inquiry or an
alternative proposal; (4)&nbsp;otherwise cooperate with or assist or participate in or facilitate any discussions or negotiations regarding, or furnish or cause to be furnished to any person or &#8220;Group&#8221; (as such term is defined in
Section&nbsp;13(d) under the Exchange Act) any <FONT STYLE="white-space:nowrap">non-public</FONT> information with respect to, or take any other action to facilitate any inquiries or the making of any proposal that constitutes, or could be
reasonably expected to result in, an alternative proposal; (5)&nbsp;approve, agree to, accept, endorse or recommend any alternative proposal; (6)&nbsp;submit to a vote of its stockholders, approve, endorse or recommend any alternative proposal;
(7)&nbsp;effect any adverse recommendation change; (8)&nbsp;enter into any letter of intent or agreement in principle or any agreement providing for any alternative proposal (except for acceptable confidentiality agreements); or (9)&nbsp;amend, or
grant a waiver or release under, (A)&nbsp;any standstill or similar agreement with respect to any shares of Class&nbsp;A Common Stock or (B)&nbsp;any applicable anti-takeover law or anti-takeover provision in the Company&#8217;s organizational
documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">However, at any time prior to the Company stockholders meeting at which the Merger Proposal is approved, the Air Lease Board may, subject to
certain conditions, in the case the Company has received a superior proposal or if there has been an intervening event, change the Company&#8217;s recommendation that its stockholders approve the Merger Proposal, in each case, if the Air Lease Board
has determined in good faith, after consultation with outside legal counsel, that the failure to take such action would reasonably be expected to be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable law,
subject to complying with certain notice and other specified conditions set forth therein, including negotiating with Parent (to the extent Parent desired to so negotiate) with respect to the terms and conditions of the merger agreement in response
to a such superior proposal. In addition, if the Company has received a superior proposal (that continues to be a superior proposal after taking into account the terms of any revised offer by Parent), the Company may terminate the merger agreement
to enter into a definitive written agreement providing for such superior proposal simultaneously with the termination of the merger agreement, <U>provided</U> that the Company pays the termination fee prior to or simultaneously with such termination
(as described in &#8220;<I>The Merger Agreement&#8212;Termination Fees and Remedies</I>&#8221; beginning on page&nbsp;118). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, please
see the section of this proxy statement titled &#8220;<I>The Merger Agreement&#8212;Other Covenants and Agreements&#8212;Restrictions on Solicitation and Adverse Recommendation Change&#8221;</I> beginning on page 107. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_17"></A>Conditions to the Merger (Page&nbsp;115) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligations of Parent, Merger Sub and the Company, as applicable, to complete the merger are subject to the satisfaction or, to the extent permitted by
law, waiver at or prior to the closing of the following conditions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">approval of the Merger Proposal by the requisite affirmative vote of our Class&nbsp;A Common Stockholders;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">(i) the expiration or termination of any waiting period (and any extension thereof) applicable to the merger and
the other transactions contemplated by the merger agreement (including the Orderbook Transfer (as defined below)) under the HSR Act, (ii)&nbsp;the receipt of the&nbsp;Committee on CFIUS approval, and (iii)&nbsp;the filing, occurrence or receipt of
certain other applicable authorizations, consents, orders or approvals of, or declarations or filings with, or confirmation of no further questions and/or declinations to assert jurisdiction or conduct a formal review, and the expirations or
terminations of waiting periods required by, applicable governmental entities of Chile, China, COMESA, Egypt, France, Germany, Italy, Kazakhstan, Mexico, Moldova, Morocco, Poland, Romania, Saudi Arabia, South Africa, South Korea, Sweden,
Switzerland, Taiwan, Turkey, Ukraine, United Arab Emirates, United Kingdom and Vietnam (and any other jurisdictions that either Parent or the Company may propose in good faith, which shall be added as required regulatory approvals, subject to the
consent of the other party (such consent not to be unreasonably withheld)); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">no applicable law and no judgment, preliminary, temporary or permanent, or other legal restraint or prohibition
and no binding order or determination by any governmental entity that prevents, makes illegal or prohibits the consummation of the merger and the other transactions contemplated thereby, including the Orderbook Transfer (&#8220;<B>Legal
Restraints</B>&#8221;). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligations of Parent and Merger Sub to consummate the merger<B> </B>are subject to the satisfaction or, to
the extent permitted by law, waiver at or prior to the closing of the following additional conditions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the accuracy of the Company&#8217;s representations and warranties in the merger agreement, subject to applicable
materiality or other qualifiers, as of the closing of the merger (except to the extent expressly made as of an earlier date, in which case as of such earlier date); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of a Company Material Adverse Effect (as defined in the section of this proxy statement entitled
&#8220;<I>The Merger Agreement&#8212;Representations and Warranties&#8212;Company Representations and Warranties</I>&#8221;) since the date of the merger agreement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the performance by the Company in all material respects of all obligations required to be performed by it under
the merger agreement at or prior to the closing of the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the delivery by Company to Parent of a certificate, dated as of the closing date of the merger and signed by the
Chief Executive Officer or Chief Financial Officer of the Company, certifying to the effect that the above conditions have been satisfied. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligation of the Company to consummate the merger is subject to the satisfaction or, to the extent permitted by law, waiver at or prior to the closing of
the following conditions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the accuracy of the representations and warranties of Parent and Merger Sub in the merger agreement as of the
closing (except to the extent expressly made as of an earlier date, in which case as of such earlier date); </P></TD></TR></TABLE>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the performance by Parent and Merger Sub in all material respects of all obligations required to be performed by
them under the merger agreement at or prior to the closing of the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the delivery by Parent to the Company of a certificate, dated as of the closing date of the merger and signed by
an authorized officer of Parent, certifying to the effect that the above conditions have been satisfied. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, please
see the section of this proxy statement titled &#8220;<I>The Merger Agreement&#8212;Conditions to the Merger&#8221;</I> beginning on page 115. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_18"></A>Termination (Page&nbsp;116) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company and Parent may terminate the merger agreement by mutual written consent at any time prior to the
effective time of the merger, and either of the Company or Parent may also terminate the merger agreement: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the merger is not consummated on or before June&nbsp;1, 2026 (as it may be extended, the &#8220;<B>End
Date</B>&#8221;); <U>provided</U>, <U>however</U>, that the End Date shall be automatically extended to September&nbsp;1, 2026 (or if the merger is not consummated by such extended End Date, to December&nbsp;1, 2026), if, on the then applicable End
Date, all of the closing conditions (other than those that are to be satisfied on the closing date, if such conditions are then capable of being satisfied), as described in &#8220;<I>The Merger Agreement&#8212;Conditions to the Merger</I>&#8221;
beginning on page&nbsp;115, have been satisfied or waived, other than the condition related to the receipt of the required regulatory approvals or the condition related to the absence of any Legal Restraint arising under antitrust laws or foreign
direct investment laws; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if there is a Legal Restraint and such Legal Restraint is final and
<FONT STYLE="white-space:nowrap">non-appealable;</FONT> or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the requisite approval of the Company&#8217;s Class&nbsp;A Common Stockholders is not obtained at a duly
convened meeting of such stockholders or any adjournment or postponement thereof at which a vote on the merger agreement and the transactions contemplated thereby, including the merger, was taken. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company may also terminate the merger agreement: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if Parent or Merger Sub has breached any representation, warranty, covenant or agreement contained in the merger
agreement, or if any representation or warranty of Parent or Merger Sub has become untrue, in each case, such that the relevant condition in the merger agreement could not be satisfied as of the closing date of the merger and which has not been
cured by the earlier of (1)&nbsp;sixty (60) days after written notice by the Company to Parent informing Parent of such breach or failure to be true and (2)&nbsp;the End Date; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">at any time prior to receipt of the requisite Company stockholder approval (&#8220;<B>Company Stockholder
Approval</B>&#8221;), in order to enter into a definitive written agreement providing for a superior proposal in accordance with the merger agreement, <U>provided</U> that the Company pays the termination fee prior to or simultaneously with such
termination (as described in &#8220;<I>The Merger Agreement&#8212;Termination Fees and Remedies</I>&#8221; beginning on page&nbsp;118); or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if all of the conditions to Parent and Merger Sub&#8217;s obligations to effect the merger (including the mutual
conditions to each party&#8217;s obligations to effect the merger) have been satisfied or waived (other than those conditions which by their terms are to be satisfied at the closing by any party, but subject to the satisfaction (or waiver) of such
conditions at the closing), and Parent </P></TD></TR></TABLE>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
fails to consummate the closing of the merger within ten (10)&nbsp;business days after the delivery of the written notice by the Company stating that the Company is ready, willing and able to
effect the closing (subject to the satisfaction of all of the relevant conditions of the merger agreement). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent may also terminate
the merger agreement: </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the Company has breached any representation, warranty, covenant or agreement contained in the merger
agreement, or if any representation or warranty of the Company has become untrue, in each case, such that the relevant condition in the merger agreement could not be satisfied as of the closing date of the merger and which has not been cured by the
earlier of (i)&nbsp;sixty (60) days after written notice by Parent to the Company informing the Company of such breach or failure to be true and (ii)&nbsp;the End Date; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if at any time prior to the date of the special meeting to approve the merger, an adverse recommendation change
shall have occurred. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_19"></A>Termination Fees and Remedies (Page&nbsp;118) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Except as specifically provided in the merger agreement, all fees and expenses incurred in connection with the merger and the other transactions contemplated
by the merger agreement will be paid by the party incurring such fees or expenses, whether or not such transactions are consummated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company will pay
to Parent a fee of $225,000,000 if: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the Company terminates the merger agreement prior to receipt of the requisite Company Stockholder Approval in
order to enter into a definitive written agreement providing for a superior proposal; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Parent terminates the merger agreement prior to the special meeting to approve the merger, in the event an
adverse recommendation change shall have occurred; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">(1)&nbsp;after the date of the merger agreement, an alternative proposal shall have been made by a third party to
the Company and not publicly withdrawn prior to the Company stockholders meeting to approve the merger or shall have been made directly to the Company&#8217;s stockholders generally by a third party and not publicly withdrawn prior to the Company
stockholders meeting to approve the transaction; (2)&nbsp;thereafter the merger agreement is terminated because (a)&nbsp;the merger is not consummated on or before the End Date or the extension of the End Date, if applicable, (b)&nbsp;the requisite
approval of Company stockholders was not obtained at a duly convened stockholders meeting or any adjournment or postponement thereof at which a vote on the merger was taken, or (c)&nbsp;the Company has breached any representation, warranty, covenant
or agreement contained in the merger agreement, or if any representation or warranty of the Company has become untrue, in each case, such that the relevant condition in the merger agreement could not be satisfied as of the closing date of the merger
and which has not been cured by the earlier of (i)&nbsp;sixty (60) days after written notice by Parent to the Company informing the Company of such breach or failure to be true and (ii)&nbsp;the End Date; and (3)&nbsp;within twelve (12)&nbsp;months
of such termination, (x)&nbsp;the Company enters into a definitive contract for an alternative proposal and such alternative proposal is consummated (whether during or after such <FONT STYLE="white-space:nowrap">12-month</FONT> period) or
(y)&nbsp;an alternative proposal is consummated, <U>provided</U> that for purposes of this bullet, the references to 20% in the definition of &#8220;alternative proposal&#8221; are deemed to be references to 50.1%. See &#8220;<I>The Merger
Agreement&#8212;Other Covenants and</I> </P></TD></TR></TABLE>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
<I>Agreements&#8212;Restrictions on Solicitation and Adverse Recommendation Change&#8221; beginning on page&nbsp;107 for definition of &#8220;alternative proposal.&#8221;
</I></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent will pay to the Company a fee of $350,000,000 if either Parent or the Company terminates the merger agreement (x)&nbsp;if
there is a Legal Restraint, such Legal Restraint is final and <FONT STYLE="white-space:nowrap">non-appealable</FONT> and such Legal Restraint results from a failure to obtain a required regulatory approval or (y)&nbsp;if the merger is not
consummated on or before the End Date or the extension of the End Date, if applicable, and, in the case of either clause (x)&nbsp;or (y), on the termination date the only conditions to closing of the merger that have not been satisfied are the
conditions relating to the receipt of regulatory approvals and the absence of Legal Restraints (only if the applicable Legal Restraint giving rise to such termination right results from a </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">failure to obtain a required regulatory approval); <U>provided</U> that the Parent termination fee will not be payable to the Company if the Company&#8217;s
breach of the merger agreement was the primary cause of, or primarily resulted in, the failure of the applicable conditions to be satisfied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Except in
the case of fraud or willful breach of the merger agreement and except for rights to specific performance, the payment of the applicable termination fee will be the sole and exclusive remedy available to the party receiving it in the event any such
payment becomes due and payable. See &#8220;<I>The Merger Agreement&#8212;Termination Fees and Remedies</I>&#8221; beginning on page 118. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_20"></A>Financing Efforts and Cooperation (Page&nbsp;114) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each of Parent and Merger Sub will use, and will cause its representatives and controlled
affiliates to use, reasonable best efforts to take, or cause to be taken, all actions and to use reasonable best efforts to do, or cause to be done, all things necessary, proper or advisable to arrange, obtain and consummate any portion of the debt
financing (and any takeout financing) that is necessary in order for Parent and Merger Sub to pay (i)&nbsp;the aggregate merger consideration, (ii)&nbsp;the repayment or refinancing of any indebtedness required as a result of the merger, and
(iii)&nbsp;all fees and expenses in connection with the merger and the other transactions contemplated by the merger agreement, no later than the closing of the merger on the terms and subject only to the conditions set forth in the Debt Commitment
Letter as of the date of the merger agreement (or, in the case of a takeout financing, the applicable conditions thereto). The closing of the merger is not subject to any financing contingency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company will, and will instruct its representatives and cause the subsidiaries of the Company to, use reasonable best efforts to cooperate with Parent and
Merger Sub in connection with Parent&#8217;s efforts to obtain any financing in connection with consummation of the merger and other related transactions (provided that the requested cooperation is consistent with applicable law and does not
unreasonably interfere with the normal operations of the Company and its subsidiaries), including by providing reasonably available financial and other pertinent information regarding the Company and its subsidiaries. Parent will indemnify the
Company, its subsidiaries and their respective representatives from and against any and all losses suffered or incurred by them in connection with the requested cooperation or any information utilized in connection with the requested cooperation,
subject to certain exceptions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, see &#8220;<I>The Merger Agreement&#8212;Financing Efforts; Financing Cooperation</I>&#8221;
beginning on page 114. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_21"></A>Orderbook Transfer Cooperation (Page&nbsp;115) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company has agreed to provide commercially reasonable cooperation to Parent and Merger Sub to facilitate the transfer of the Company&#8217;s orderbook
(consisting of the Company&#8217;s agreements with original equipment manufacturers (&#8220;<B>OEMs</B>&#8221;) with respect to contracted deliveries of new aircraft or engines) to SMBC AC (the &#8220;<B>Orderbook Transfer</B>&#8221;) effective
immediately following the closing of the merger, including by using its reasonable best efforts to (a)&nbsp;provide to Parent, as of ten (10)&nbsp;business days prior to the closing of the merger (or such other date as may be mutually agreed), a
schedule setting forth certain information with respect to each undelivered orderbook aircraft as of such date, (b)&nbsp;obtain such consents from the applicable OEMs as may be required in connection with the Orderbook Transfer and the other
transactions contemplated by the merger agreement and (c)&nbsp;enter into the required documentation in order to novate or otherwise transfer the applicable orderbook contracts to SMBC AC or its designated affiliate effective upon the closing of the
merger and on terms and conditions reasonably acceptable to Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, see &#8220;<I>The Merger Agreement&#8212;Orderbook Transfer
Cooperation</I>&#8221; beginning on page 115. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_22"></A>Delisting and Deregistration of the Class&nbsp;A Common Stock</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the merger is completed, the Class&nbsp;A Common Stock will no longer be traded on the NYSE and will be deregistered under the Securities Exchange Act of
1934, as amended (the &#8220;<B>Exchange Act</B>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_23"></A>Effect on the Company if the Merger is Not Completed</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the merger agreement is not adopted by our Class&nbsp;A Common Stockholders, or if the merger is not completed for any other reason, our Class&nbsp;A
Common Stockholders will not receive any payment for their shares of our Class&nbsp;A Common Stock in connection with the merger. Instead, the Company will remain an independent public company and the Class&nbsp;A Common Stock will continue to be
listed and traded on the NYSE and registered under the Exchange Act. Furthermore, if the merger is not completed, and depending on the circumstances that cause the merger not to be completed, the price of our Class&nbsp;A Common Stock may decline
significantly.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Accordingly, there can be no assurance as to the effect of the merger not being completed on the future value of your shares of our
Class&nbsp;A Common Stock. If the merger is not completed, the Air Lease Board will continue to evaluate and review, among other things, the Company&#8217;s business, operations and strategic direction, and will take whatever actions it deems
appropriate and in the best interest of the Class&nbsp;A Common Stockholders. If the merger agreement is not adopted by our Class&nbsp;A Common Stockholders or if the merger is not completed for any other reason, the Company&#8217;s business,
prospects and results of operations may be adversely impacted.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_24"></A>Legal Proceedings Relating to the Merger (page&nbsp;92)
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As of the date of this proxy statement, there has been no litigation brought by Class&nbsp;A Common Stockholders related to the merger agreement or
the transactions contemplated by the merger agreement against the Company, its officers, or any member of the Air Lease Board. However, Class&nbsp;A </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-bottom:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Common Stockholders may file such lawsuits. Such litigation, if not resolved, could prevent or delay completion of the merger and result in substantial costs to the Company, including any costs
associated with the indemnification of directors and officers. One of the conditions to the closing is the absence of any Legal Restraint that restrains, enjoins or otherwise prohibits the consummation of the merger. Therefore, if a Class&nbsp;A
Common Stockholder were successful in obtaining an injunction prohibiting the consummation of the merger on the agreed-upon terms, then such injunction may prevent the merger from being completed, or from being completed within the expected
timeframe. The defense or settlement of any lawsuit or claim may adversely affect the Company&#8217;s business, financial condition, results of operations and cash flows. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">See the sections of this proxy statement titled &#8220;<I>The Merger&#8212;Legal Proceedings Relating to the Merger</I>&#8221; beginning on page&nbsp;92. </P>
</div></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_25"></A>QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The following questions and answers address briefly some questions you may have regarding the special meeting, the merger agreement and the
merger. These questions and answers may not address all questions that may be important to you as a stockholder of the Company. Please refer to the more detailed information contained elsewhere in this proxy statement, the annexes to this proxy
statement and the documents referred to or incorporated by reference in this proxy statement for further information. </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>Why am I receiving these proxy materials?</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">On September&nbsp;1, 2025, the Company entered into the merger agreement providing for the merger of Merger Sub with and into the Company,
with the Company surviving the merger as an indirect subsidiary of Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">The Air Lease Board is furnishing this proxy statement and
form of proxy card to the holders of the Class&nbsp;A Common Stock in connection with the solicitation of proxies in favor of the Merger Proposal and to approve the other proposals to be voted on at the special meeting or any adjournment or
postponement thereof. This proxy statement includes information that we are required to provide to you under the rules of the SEC and is designed to assist you in voting on the matters presented at the special meeting. The Company&#8217;s
Class&nbsp;A Common Stockholders of record as of the close of business on the Record Date may attend the special meeting and are entitled and requested to vote on the proposals described in this proxy statement. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What is the proposed transaction?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The proposed transaction is the merger of Merger Sub with and into the Company pursuant to the merger
agreement. If the merger is consummated, the Company will become an indirect subsidiary of Parent. As a result of the merger, the Class&nbsp;A Common Stock will no longer be publicly traded and will be delisted from the NYSE and under the Exchange
Act. Shares of the Company&#8217;s Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will continue to be outstanding at the Company with the same rights, preferences, and voting powers, privileges, and restrictions and
limitations thereof, as they hold today. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What will I receive in the merger?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If the merger is completed and you do not properly exercise appraisal rights, holders of the Company&#8217;s
Class&nbsp;A Common Stock will be entitled to receive the $65.00 per share cash consideration, without interest and less any applicable withholding taxes, for each share of Class&nbsp;A Common Stock that you own. You will not be entitled to retain
or receive shares in the surviving corporation in respect of your Class&nbsp;A Common Stock. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What are the material U.S. federal income tax consequences of the Merger?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If you are a U.S. Holder (as such term is defined below in the section entitled &#8220;<I>The Merger&#8212;U.S.
Federal Income Tax Considerations of the Merger</I>&#8221;), the exchange of shares of Class&nbsp;A Common Stock for cash pursuant to the merger<B> </B>will be a taxable transaction for U.S. federal income tax purposes, which generally will require
a U.S. Holder to recognize gain or loss for U.S. federal income tax purposes in an amount equal to the difference, if any, between the amount of cash received by such U.S. Holder in the merger and such U.S. Holder&#8217;s adjusted tax basis in the
shares of Class&nbsp;A Common Stock surrendered in the merger. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">A <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder (as defined under the section
entitled &#8220;<I>The Merger&#8212;U.S. Federal Income Tax Considerations of the Merger</I>&#8221;) generally will not be subject to U.S. federal income tax with respect to the exchange of shares of Class&nbsp;A Common Stock for cash in the merger
unless such <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder has certain connections to the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">A more complete
description of material U.S. federal income tax consequences of the Merger is provided below under the section of this proxy statement entitled &#8220;<I>The Merger&#8212;U.S. Federal Income Tax Considerations of the Merger</I>&#8221; beginning on
page 89. <B>Stockholders should consult their tax advisors concerning the U.S. federal income tax consequences relating to the merger in light of their particular circumstances and any consequences arising under U.S. federal <FONT
STYLE="white-space:nowrap">non-income</FONT> tax laws or the laws of any state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> taxing jurisdictions.</B> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>Will stockholders receive dividends before the merger is completed or the merger agreement is
terminated?</B> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Under the merger agreement, the Company is permitted to declare and pay regular quarterly cash dividends on its
Class&nbsp;A Common Stock of $0.22 per share, when, as, and if declared by the Air Lease Board. The Company intends to pay any quarterly dividend declared for which the record date occurs prior to the closing of the merger but which is not yet paid
as of the closing, without interest. In addition, the Company is permitted under the merger agreement to pay dividends on its issued and outstanding preferred stock in the amounts contemplated by the applicable certificates of designations.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What will happen to my Air Lease Equity Awards?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Under the terms and subject to the conditions set forth in the merger agreement, at the effective time of the
merger, (i)&nbsp;each outstanding Company RSU that is vested (but not yet settled) immediately prior to the effective time of the merger or becomes vested as of the effective time of the merger in accordance with its terms will be converted into the
right to receive an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock
subject to such Company RSU and (ii)&nbsp;each outstanding Company RSU that is not vested immediately prior to the effective time of the merger will be converted into the contingent right to receive from Parent or the surviving corporation an amount
in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such Company RSU,
subject to the same vesting terms and conditions after the effective time as applied to the corresponding Company RSU immediately prior to the effective time of the merger. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Under the terms and subject to the conditions set forth in the merger agreement, at the effective time of the merger, each outstanding Company
PSU will be converted into a contingent right to receive from Parent or the surviving corporation an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger
consideration multiplied by the number of shares of Class&nbsp;A Common Stock issuable pursuant to such Company PSU determined based upon the greater of the target level of performance and the actual level of performance calculated as of the latest
practicable date prior to the effective time of the merger, subject to the same vesting terms and conditions after the effective time of the merger as applied to the corresponding Company PSU immediately prior to the effective time of the merger
(other than any performance-based conditions). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>When and where is the special meeting?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The special meeting will take place on [&#9679;], 2025, starting at [&#9679;] [a.m./p.m.] Pacific time. The
special meeting will be held online in a virtual only meeting format via a live audio webcast at www.cesonlineservices.com/alsm_vm. You will be able to listen to the special meeting live and vote online. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What matters will be voted on at the special meeting?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">You will be asked to vote on the following matters: </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">to approve and adopt the merger agreement and the consummation of the transactions contemplated thereby,
including the merger; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">to approve, on an advisory <FONT STYLE="white-space:nowrap">(non-binding)</FONT> basis, the compensation that
will or may be payable to the named executive officers of the Company in connection with the merger; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">to approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if
there are insufficient votes at the time of the special meeting to approve the Merger Proposal; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">to act upon other business that may properly come before the special meeting or any adjournment or postponement
thereof. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What constitutes a quorum for the special meeting?</B> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The presence of the holders of a majority in voting power of all issued and outstanding Class&nbsp;A Common
Stock entitled to vote as of the close of business on the Record Date, present in person or represented by proxy, shall form a quorum for the transaction of business at the special meeting. As of the Record Date, there were [&#9679;] issued and
outstanding shares of Class&nbsp;A Common Stock. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What vote of holders of Class&nbsp;A Common Stock is required to approve the Merger Proposal?</B>
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The consummation of the merger requires the approval of the Merger Proposal by the affirmative vote of the
holders of a majority of the shares of our Class&nbsp;A Common Stock outstanding as of the close of business on the Record Date. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Each of the directors as well as certain executive officers of the Company have agreed to vote certain of the Class&nbsp;A Common Stock they
own in favor of the Merger Proposal, pursuant to the voting agreement. As of October&nbsp;10, 2025, those Company stockholders party to the voting agreement beneficially owned 6,895,945 shares of Class&nbsp;A Common Stock, or approximately 6.17% of
the issued and outstanding shares of Class&nbsp;A Common Stock. However, the number of shares subject to the voting agreement is limited to 4.99% of the issued and outstanding shares of Class&nbsp;A Common Stock. See &#8220;<I>Voting
Agreement</I>&#8221; beginning on page&nbsp;120. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What vote of holders of Class&nbsp;A Common Stock is required to approve the Compensation Proposal and
Adjournment Proposal? </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Approval of the Compensation Proposal requires the affirmative vote of the holders of a majority of the shares
of Class&nbsp;A Common Stock entitled to vote thereon, present in person or represented by proxy. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Approval of the
Adjournment Proposal requires the affirmative vote of the holders of a majority of the shares of Class&nbsp;A Common Stock entitled to vote thereon, present in person or represented by proxy. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What effect do abstentions and &#8220;broker <FONT STYLE="white-space:nowrap">non-votes&#8221;</FONT> have
on the proposals? </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">A &#8220;broker <FONT STYLE="white-space:nowrap">non-vote&#8221;</FONT> generally occurs when a bank, broker or
other nominee holding shares on your behalf does not vote on a proposal because the bank, broker or other nominee has not received your voting instructions and lacks discretionary power to vote your shares. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Proposal 1: Abstentions will have the same effect as a vote &#8220;AGAINST&#8221; the Merger Proposal. Broker
<FONT STYLE="white-space:nowrap">non-votes</FONT> will count as a vote &#8220;AGAINST&#8221; the Merger Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Proposal 2: Abstentions
will have the same effect as a vote &#8220;AGAINST&#8221; the Compensation Proposal. Broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will have no effect on the outcome of the Compensation Proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Proposal 3: Abstentions will have the same effect as a vote &#8220;AGAINST&#8221; the Adjournment Proposal. Broker <FONT
STYLE="white-space:nowrap">non-votes</FONT> will have no effect on the outcome of the Adjournment Proposal. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>If I do not vote in favor of the Merger Proposal, what are my appraisal rights? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If the merger is consummated and the conditions set forth in Section&nbsp;262(g) of the DGCL are satisfied, our
Class&nbsp;A Common Stockholders who (1)&nbsp;do not vote in favor of the Merger Proposal (whether by voting against the Merger Proposal, abstaining or otherwise not voting with respect to the Merger Proposal), (2) continuously hold (in the case of
holders of record who own in their own name) or continuously own (in the case of beneficial owners) their applicable shares of Class&nbsp;A Common Stock through the effective time of the merger, (3)&nbsp;properly demand appraisal of their applicable
shares, (4)&nbsp;meet certain statutory requirements as described in this proxy statement and (5)&nbsp;do not withdraw their demands or otherwise lose their rights to appraisal will be entitled to seek appraisal of their shares in connection with
the merger under Section&nbsp;262 of the DGCL. This means that such stockholders will be entitled to have their shares of Class&nbsp;A Common Stock appraised by the Delaware Court of Chancery and to receive payment in cash of the &#8220;fair
value&#8221; of their shares, exclusive of any elements of value arising from the accomplishment or expectation of the merger, together with (unless the Delaware Court of Chancery in its discretion determines otherwise for good cause shown) interest
on the amount determined by the Delaware Court of Chancery to be fair value from the effective date of the merger through the date of payment of the judgment at a rate of five percent over the Federal Reserve discount rate (including any surcharge)
as established from time to time during the period between the effective date of the merger and the date of payment of the judgment, compounded quarterly (except that, if at any time before the entry of judgment in the proceeding, the surviving
corporation makes a voluntary cash payment to each stockholder seeking appraisal, interest will </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
accrue thereafter only upon the sum of (1)&nbsp;the difference, if any, between the amount so paid and the fair value of the shares as determined by the Delaware Court of Chancery; and
(2)&nbsp;interest theretofore accrued, unless paid at that time). The surviving corporation is under no obligation to make such voluntary cash payment prior to such entry of judgment. Stockholders who wish to seek appraisal of their shares are
encouraged to seek the advice of legal counsel with respect to the exercise of appraisal rights due to the complexity of the appraisal process. The DGCL requirements for exercising appraisal rights are described in additional detail in the section
of this proxy statement titled &#8220;<I>The Merger&#8212;Appraisal Rights</I>&#8221; beginning on page 83 of this proxy statement and which description is qualified in its entirety by Section&nbsp;262 of the DGCL regarding appraisal rights,
attached as Annex D to this proxy statement. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>With respect to the Compensation Proposal, why am I being asked to cast a
<FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory vote to approve specified compensation that may become payable to the named executive officers of the Company in connection with the merger? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">SEC rules require us to seek an advisory, <FONT STYLE="white-space:nowrap">non-binding</FONT> vote with respect
to certain categories of compensation that may be provided to named executive officers in connection with a merger<B> </B>transaction. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What will happen if the Compensation Proposal is not approved? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Approval of the Compensation Proposal is not a condition to the completion of the merger. This vote is an
advisory vote and will not be binding on the Company. Therefore, if Class&nbsp;A Common Stockholders approve the Merger Proposal by the requisite majority and the merger is completed, the payments that are the subject of the vote on the Compensation
Proposal may become payable to the named executive officers, subject only to the conditions applicable thereto, regardless of the outcome of the Compensation Proposal. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How does the Air Lease Board recommend that I vote? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The Air Lease Board unanimously recommends that Class&nbsp;A Common Stockholders vote: </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">&#8220;<B>FOR</B>&#8221; the Merger Proposal; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">&#8220;<B>FOR</B>&#8221; the Compensation Proposal; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">&#8220;<B>FOR</B>&#8221; the Adjournment Proposal, if necessary or appropriate, to solicit additional proxies if
there are insufficient votes at the time of the special meeting to approve the Merger Proposal. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">You should read
&#8220;<I>The Merger&#8212;Recommendation of the Air Lease Board; Reasons for the Merger</I>&#8221; beginning on page&nbsp;55 for a discussion of the factors that the Air Lease Board considered in deciding to recommend and/or approve, as applicable,
the merger agreement. See also &#8220;<I>The Merger&#8212;Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</I>&#8221; beginning on page&nbsp;72. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What happens if I experience technical difficulties during the special meeting? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If you have difficulty accessing the special meeting, please follow the instructions contained in the reminder
email you will receive the evening before the special meeting. We will have technicians available to assist you. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What happens if the Company experiences technical difficulties during the special meeting?
</B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If we experience technical difficulties at the special meeting and are not able to resolve them within a
reasonable amount of time, we will adjourn the special meeting to a later date and will provide notice of the date and time of such adjourned meeting on our website at www.airleasecorp.com. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How do I ask questions at the special meeting? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Stockholders or their proxy holders that have accessed the special meeting may submit questions during the
special meeting that are pertinent to the Company and the items being brought before a vote at the special meeting, as time permits and in accordance with the rules of conduct for the special meeting which will be posted on the virtual meeting
website during the special meeting. If you wish to submit a question, you may do so when you are logged into the virtual meeting website by typing your question in the designated spot on the website and clicking &#8220;Send&#8221;.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How do I cast my vote? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><I>Stockholders of Record</I>: Stockholders of record may vote (i)&nbsp;by filling out and signing the proxy
card that was included with this proxy statement and returning it in the envelope provided, (ii)&nbsp;by calling the toll-free number found on the proxy card, or (iii)&nbsp;online at the internet voting website provided on the proxy card by
[&#9679;]. Stockholders of record may also vote online during the special meeting as described below. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">Whether or not
you plan to attend the special meeting, we urge you to promptly submit a proxy using any of the methods described above. If you later decide to attend the special meeting via the online webcast and vote, that vote will automatically revoke any
previously submitted proxy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Beneficial Owner of Shares</I>: If you are a beneficial owner of shares held in street name, you will
receive instructions from your broker, bank or other nominee on how to vote your shares. If you received printed copies of the proxy materials by mail, you may also vote by filling out the voting instruction form and returning it in the envelope
provided. The availability of online or phone voting may depend on the voting process of the organization that holds your shares. Beneficial owners who want to attend and also vote at the special meeting will need to obtain a legal proxy from the
organization that holds their shares giving them the right to vote their shares at the special meeting and by presenting it with their online ballot before the closing of the polls. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">We urge you to promptly give voting instructions to your custodian by using the instruction card provided to you by your custodian. Please
note that if you intend to vote your shares held in street name by electronic ballot at the special meeting, you must provide a &#8220;legal proxy&#8221; from your custodian at the special meeting as described below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How do I vote at the special meeting? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If you plan to attend the special meeting via the online webcast and wish to vote at the special meeting, you
will have access to an electronic ballot on the special meeting virtual webcast site. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Stockholder of Record</I>: If
you were a stockholder of record as of the Record Date and have successfully <FONT STYLE="white-space:nowrap">pre-registered</FONT> to attend the special meeting, then you may vote at the special meeting by clicking on the &#8220;Stockholder
Ballot&#8221; link on the virtual meeting website, completing the electronic ballot and clicking &#8220;Sign and Submit&#8221; to send your completed ballot directly to the inspector of election before the polls are closed at the special meeting.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Beneficial Owner of Shares</I>: If you were a beneficial owner of shares held in street
name as of the Record Date and intend to vote at the special meeting, you must request a legal proxy from your broker, bank, or other nominee, and save it as a PDF, or image file format, in order to upload a copy with your electronic ballot during
the special meeting. If you do not request a legal proxy prior to the special meeting, or your broker, bank or nominee fails to provide you with a legal proxy, then you will not be able to vote or change your previously submitted vote at the special
meeting. Obtaining a legal proxy may take several days, or longer, and stockholders are advised to request a legal proxy as far in advance as possible. <B>The voting instruction form you may have received in connection with the special meeting is
not a legal proxy. </B>If you request a legal proxy from your broker, bank or other nominee, the issuance of the legal proxy will revoke any prior voting instructions you have given and will prevent you from giving any further voting instructions to
your broker, bank or nominee to vote on your behalf. As a result, you will only be able to vote by electronic ballot at the special meeting. Beneficial owners of shares as of the Record Date who have successfully
<FONT STYLE="white-space:nowrap">pre-registered</FONT> to attend the virtual special meeting and obtained a legal proxy from their broker, bank, or other nominee may vote at the special meeting by clicking on the &#8220;Stockholder Ballot&#8221;
link on the virtual meeting website, completing the electronic ballot, uploading your legal proxy or other evidence of authority to vote, and clicking &#8220;Sign and Submit&#8221; to have your completed ballot sent directly to the inspector of
election before the polls are closed at the special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Questions on how to vote</I>: If you have any questions or require any
assistance with voting your shares, please contact the Company&#8217;s proxy solicitor: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How can I revoke or change my vote? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Your proxy is revocable. The procedure you must follow to revoke your proxy depends on how you hold your
shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Stockholders of Record</I>: Stockholders of record can revoke and change a prior proxy vote by submitting a
later-dated proxy online, by phone or by mail, or by voting during the special meeting as described above. Stockholders of record may also send a letter to our Corporate Secretary at the address for our principal executive office listed on the cover
page of the proxy statement so that it arrives no later than the close of business on [&#9679;], 2025. Only your latest proxy card or voting instruction form received in accordance with the requirements above will be counted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Beneficial Owners</I>: Beneficial owners will need to contact the organization that holds your shares to obtain instructions on how to
change your vote. As noted above, if you request a legal proxy from your broker, bank or other nominee, the issuance of the legal proxy will revoke any prior voting instructions you have given and will prevent you from giving any further voting
instructions to your broker, bank or nominee to vote on your behalf. As a result, you will only be able to vote by electronic ballot at the special meeting as described above. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What effects will the Merger have on Air Lease? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The Class&nbsp;A Common Stock is currently registered under the Exchange Act and the Class&nbsp;A Common Stock
is listed on the NYSE under the symbol &#8220;AL.&#8221; Following the consummation of the merger, the registration of the Class&nbsp;A Common Stock will be terminated upon application to the SEC and the Class&nbsp;A Common Stock will no longer be
listed on the NYSE. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What will happen if the Merger is not consummated? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If the merger is not consummated for any reason, the Company&#8217;s Class&nbsp;A Common Stockholders will not
receive any payment for their Class&nbsp;A Common Stock in connection with the merger. Instead, the Company will remain an independent public company, and the Class&nbsp;A Common Stock will continue to be registered under the Exchange Act and listed
and traded on NYSE. Under specified circumstances, if the merger agreement is terminated, the Company may be required to pay Parent a termination fee of $225,000,000 or Parent may be required to pay the Company a termination fee of $350,000,000. See
&#8220;<I>The Merger Agreement&#8212;Termination</I>&#8221; beginning on page 116 and &#8220;<I>The Merger Agreement&#8212;Termination Fees and Remedies</I>&#8221; beginning on page&nbsp;118. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What do I need to do now? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">We urge you to read this entire proxy statement carefully, including its annexes and the documents referred to
or incorporated by reference in this proxy statement filed with the SEC, and to consider how the merger affects you. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">If
you are a stockholder of record, you can ensure that your shares are voted at the special meeting by submitting your proxy via: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">telephone, using the toll-free number listed on your proxy and voting instruction card; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the internet, at the address provided on your proxy and voting instruction card; or </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">mail, by completing, signing, dating and mailing your proxy and voting instruction card and returning it in the
envelope provided. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><B>If you hold your Class&nbsp;A Common Stock in &#8220;street name&#8221; through a broker, bank or
other nominee, you should follow the directions provided by it regarding how to instruct it to vote your Class&nbsp;A Common Stock. Without those instructions, your Class&nbsp;A Common Stock will not be voted.</B> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>How do I <FONT STYLE="white-space:nowrap">pre-register</FONT> to attend the special meeting?
</B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><I>Stockholders of Record</I>: You may register to attend the special meeting virtual webcast by visiting
www.cesonlineservices.com/alsm_vm and following the instructions or emailing proof of your ownership of our Class&nbsp;A Common Stock as of the Record Date to ALRegister@Proxy-Agent.com. Your proof of ownership may include a copy of your proxy card
received from the Company or a statement showing your ownership of shares of our Class&nbsp;A Common Stock as of the Record Date. After registering, and upon verification of your ownership, you will receive a confirmation email prior to the special
meeting with instructions for accessing the virtual special meeting. <B>You must <FONT STYLE="white-space:nowrap">pre-register</FONT> to attend the special meeting no later than </B>[&#9679;] <B>[a.m./p.m.] Pacific time on [</B>&#9679;<B></B><B>],
2025.</B> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>Beneficial Owners</I>: If your shares of our Class&nbsp;A Common Stock are held in an
account at a brokerage firm, a bank or other similar organization or by another holder of record as of the Record Date, you may register to attend the special meeting by visiting www.cesonlineservices.com/alsm_vm and following the instructions or
emailing ALRegister@Proxy-Agent.com and attaching the evidence that you beneficially owned shares of our Class&nbsp;A Common Stock as of the Record Date. This may include a copy of the voting instruction form provided by your broker, bank, financial
institution or other nominee or intermediary, an account statement, or a letter or legal proxy from such custodian. After registering, and upon verification of your ownership, you will receive a confirmation email prior to the special meeting with
instructions for accessing the virtual special meeting. <B>You must <FONT STYLE="white-space:nowrap">pre-register</FONT> to attend the special meeting no later than </B>[&#9679;]<B> [a.m./p.m.] Pacific time on </B>[&#9679;]<B>, 2025.</B> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What is the difference between a &#8220;stockholder of record&#8221; and a &#8220;beneficial owner of shares
held in street name&#8221;? </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If your shares are registered directly in your name with our transfer agent, Equiniti Trust Company, LLC, you
are considered a &#8220;stockholder of record&#8221; of the shares with respect to those shares, and the proxy materials will be made available directly to you by the Company. If your shares are held in an account at a brokerage firm, a bank or
other similar organization or by another holder of record (a &#8220;<B>custodian</B>&#8221;), then you are considered the &#8220;beneficial owner&#8221; of the shares, and the shares are considered to be held in &#8220;street name&#8221;. As a
beneficial owner, the proxy materials will be made available to you by the organization holding your shares and you have the right to instruct your broker, bank, trustee or nominee how to vote your shares. Your custodian is the stockholder of record
for purposes of voting and is required to vote your shares on your behalf in accordance with your instructions. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>Should I send in my share certificates now? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">No. Promptly after the effective time of the merger, you will be sent a letter of transmittal with detailed
written instructions for exchanging your Class&nbsp;A Common Stock for the merger consideration. If you hold certificated shares of Class&nbsp;A Common Stock, the letter of transmittal will include information on how to surrender your physical
certificates. If your shares of Class&nbsp;A Common Stock are held in &#8220;street name&#8221; by your broker, bank or other nominee, you may receive instructions from your broker, bank or other nominee as to what action, if any, you need to take
to effect the surrender of your &#8220;street name&#8221; Class&nbsp;A Common Stock in exchange for the merger consideration. Please do not send in any certificated shares of Class&nbsp;A Common Stock now. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What does it mean if I get more than one proxy and voting instruction card? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If your shares of Class&nbsp;A Common Stock are registered differently or held in more than one account, you
will receive more than one proxy or voting instruction card. Please complete and return all of the proxy cards or voting instruction cards you receive (or submit each of your proxies by telephone or the internet, if available to you) to ensure that
all of your Class&nbsp;A Common Stock are voted. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">If your shares of Class&nbsp;A Common Stock are held through a broker,
bank or other nominee, you will receive either a voting form or a proxy card from the nominee with specific instructions about the voting methods available to you. As a beneficial owner, in order to ensure your Class&nbsp;A
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
Common Stock are voted, you must provide voting instructions to the broker, bank or other nominee by the deadline provided in the materials you receive from them. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>What happens if I sell my shares of Class&nbsp;A Common Stock after the Record Date but before the special
meeting? </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The Record Date is earlier than the date of the special meeting. If you transfer your shares of Class&nbsp;A
Common Stock after the Record Date but before the special meeting, you will, unless special arrangements are made, retain your right to vote at the special meeting. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>When is the merger expected to be completed? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The merger will be consummated at 9:00 a.m. Eastern time on a date that is five business days following the
satisfaction or, to the extent permitted by applicable law, waiver of the conditions to the merger, subject to the receipt of the required approvals from the stockholders and certain other closing conditions. However, the Company cannot predict the
actual date on which the merger will be consummated, or whether it will be consummated, because the merger is subject to factors beyond the Company&#8217;s control. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>Who will count the votes? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">All votes will be counted by the inspector of election appointed for the special meeting, which we currently
expect to be First Coast Results, Inc. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Q:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B>Who can help answer my other questions? </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If you have any questions about the merger, the special meeting or this proxy statement, would like additional
copies of this proxy statement or require assistance with submitting your proxy or voting your Class&nbsp;A Common Stock, please contact our proxy solicitor: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">If your broker, bank or other nominee holds your shares of Class&nbsp;A Common Stock, you can
also call your broker, bank or other nominee for additional information. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_26"></A>CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This proxy statement, and the documents incorporated by reference in this proxy statement, include &#8220;forward-looking statements&#8221; that
reflect the Company&#8217;s current views as to future events and financial performance with respect to its operations, the expected completion and timing of the merger and other information relating to the merger. These statements can be identified
by the fact that they do not relate strictly to historical or current facts. There are forward-looking statements throughout this proxy statement, including under the headings, among others, &#8220;<I>Summary</I>,&#8221; &#8220;<I>Questions and
Answers About the Special Meeting and the Merger</I>,&#8221; &#8220;<I>The Special Meeting</I>,&#8221; and &#8220;<I>The Merger</I>,&#8221; and in statements containing the words &#8220;aim,&#8221; &#8220;anticipate,&#8221; &#8220;are
confident,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;should,&#8221;
&#8220;will&#8221; and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance or other future events or trends. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">You should be aware that forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies. Although we believe that
the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that the actual results or developments we anticipate will be realized, or, even if realized, that they will have the expected effects on the
business or operations of the Company. These forward-looking statements speak only as of the date on which the statements were made and we undertake no obligation to update or revise any forward-looking statements made in this proxy statement or
elsewhere as a result of new information, future events or otherwise, except as required by law. We can give no assurance that the conditions to the merger will be satisfied, or that the merger will close within the anticipated time
period.&nbsp;Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the inability to complete the merger because of the failure to receive, on a timely basis or otherwise, the
required approvals by Class&nbsp;A Common Stockholders; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the inability to complete the merger because of the failure to receive, on a timely basis or subject to
conditions that are not anticipated, the required approvals by governmental or regulatory agencies in connection with the transactions contemplated by the merger agreement; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the occurrence of any event, change or other circumstance that could give rise to the termination of the merger
agreement; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the nature, cost and outcome of any legal proceedings that have may be instituted against the Company or others
relating to the merger agreement; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the risk that the pendency and uncertainty of the merger disrupts the business of the Company and current plans
and operations and potential difficulties in employee retention as a result; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the effect of the announcement of the merger on the Company&#8217;s business relationships, operating results and
business generally; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the political and economic conditions affecting our business segments, severe disruptions to the economy, the
financial markets, and the markets in which we compete; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">unanticipated legislative or regulatory developments; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the restrictions or prohibitions under certain covenants in the merger agreement during the pendency of the
merger that may impact the Company&#8217;s ability to pursue certain business opportunities and limit the Company&#8217;s access to financing sources; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the restrictions under the merger agreement on the Company&#8217;s ability to incur additional debt, which may
negatively impact its liquidity and ability to maintain its investment grade ratings; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">risks related to the Company&#8217;s significant indebtedness and the continued availability of capital and
financing sources, as well as adverse rating agency actions; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the risk that the Company&#8217;s Class&nbsp;A Common Stock price may decline if the merger is not consummated;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the amount of the costs, fees, expenses and charges related to the merger; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the risk that the transaction may involve unexpected costs, liabilities or delays; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any additional factors discussed under &#8220;Part I &#8212; Item 1A. Risk Factors&#8221; in our Annual Report on
Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2024, &#8220;Part II &#8212; Item 1A. Risk Factors&#8221; in our Quarterly Reports on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarters ended
March&nbsp;31, 2025 and June&nbsp;30, 2025, and other SEC filings, including future SEC filings. See &#8220;<I>Where You Can Find Additional Information</I>&#8221; beginning on page&nbsp;128. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_27"></A>THE SPECIAL MEETING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_28"></A>Date, Time and Location </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This
proxy statement is being furnished to holders of Class&nbsp;A Common Stock of the Company as part of the solicitation of proxies by the Air Lease Board for use at the virtual special meeting, which will be held on [&#9679;], 2025, starting at
[&#9679;] [a.m./p.m.] Pacific time, or at any adjournments or postponements thereof. The special meeting will be held online in a virtual only meeting format via a live audio webcast at www.cesonlineservices.com/alsm_vm. If you plan to attend the
virtual special meeting, you will need to <FONT STYLE="white-space:nowrap">pre-register</FONT> at www.cesonlineservices.com/alsm_vm by [&#9679;] [a.m./p.m.] Pacific time on [&#9679;], 2025. To <FONT STYLE="white-space:nowrap">pre-register</FONT> for
the special meeting, please follow the instructions provided under &#8220;<I>Questions and Answers About the Special Meeting and the Merger&#8212;How do I <FONT STYLE="white-space:nowrap">pre-register</FONT> to attend the special meeting?</I>&#8221;
and &#8220;<I>The Special Meeting.</I>&#8221; Once registered, you will be able to attend the special meeting, vote and submit your questions during the special meeting via live online webcast by visiting www.cesonlineservices.com/alsm_vm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_29"></A>Purpose of the Special Meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The purpose of the special meeting is for the holders of Class&nbsp;A Common Stock of the Company to consider and vote upon </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(1) the Merger Proposal; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(2) the Compensation Proposal; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(3) the Adjournment Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">A copy of the merger
agreement is attached to this proxy statement as Annex&nbsp;A. This proxy statement and the enclosed form of proxy are first being mailed to holders of Class&nbsp;A Common Stock of the Company on or about [&#9679;], 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The vote on the Compensation Proposal is a vote separate and apart from the vote to approve the Merger Proposal. Accordingly, a stockholder may vote to
approve the Compensation Proposal and vote not to approve the Merger Proposal, or vice versa. Because the vote on the Compensation Proposal is advisory in nature only, it will not be binding on any of the Company, Parent or the surviving
corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_30"></A>Record Date; Shares Entitled to Vote; Quorum </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The holders of record of Class&nbsp;A Common Stock as of the close of business on [&#9679;], 2025 are entitled to receive notice of and to vote at the special
meeting and any adjournment or postponement thereof, unless a new record date is fixed in connection with any adjournment or postponement of the special meeting. As of the Record Date, there were [&#9679;] shares of Class&nbsp;A Common Stock issued
and outstanding. Holders of Class&nbsp;A Common Stock are entitled to one vote for each share of Class&nbsp;A Common Stock they own at the close of business on the Record Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">A list of all Class&nbsp;A Common Stockholders entitled to vote at the special meeting will be available for examination at our principal executive offices at
2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067, for 10 days before the meeting, and during the meeting, such list will be available to registered Class&nbsp;A Common Stockholders as a link on the meeting platform. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The holders of a majority in voting power of all issued and outstanding Class&nbsp;A Common Stock as of the
Record Date entitled to vote must be present in person or represented by proxy at the special meeting in order to constitute a quorum for the transaction of business. Once a share is represented at the special meeting, it will be counted for the
purpose of determining a quorum at the special meeting.&nbsp;If a quorum is not present, the Chairman of the special meeting or the holders of a majority in voting power of the Class&nbsp;A Common Stock entitled to vote, present in person or
represented by proxy, may adjourn the special meeting until a quorum has been obtained. Abstentions will be counted toward the presence of a quorum at the special meeting. Broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will not be counted
for the purpose of determining the presence of a quorum. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_31"></A>Required Stockholder Vote </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Approval of the Merger Proposal requires the affirmative vote of a majority of the shares of Class&nbsp;A Common Stock outstanding and entitled to vote as of
the close of business on the Record Date. The approval of the Merger Proposal is a condition to the parties&#8217; obligations to consummate the merger. No vote of the Company&#8217;s issued and outstanding preferred stock of the Company is required
or being sought. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Approval of the Compensation Proposal requires the affirmative vote of the holders of a majority of the shares of Class&nbsp;A Common
Stock entitled to vote thereon, present in person or represented by proxy at the special meeting. This vote will be on a <FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Approval of the Adjournment Proposal requires the affirmative vote of the holders of a majority of the shares of Class&nbsp;A Common Stock entitled to vote
thereon, present in person or represented by proxy at the special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to the voting agreement, the Company stockholder parties thereto
agreed, subject to certain conditions, to vote certain of the shares of Class&nbsp;A Common Stock beneficially owned by them in favor of the Merger Proposal. The aggregate number of shares subject to the voting agreement is limited to 4.99% of the
issued and outstanding shares of Class&nbsp;A Common Stock. For more information, see &#8220;<I>Voting Agreement</I>&#8221; beginning on page&nbsp;120. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Abstentions and Broker <FONT STYLE="white-space:nowrap">Non-Votes</FONT> </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If a stockholder abstains from voting, that abstention will have the same effect as if the stockholder voted: (1) &#8220;AGAINST&#8221; the Merger Proposal;
(2) &#8220;AGAINST&#8221; the Compensation Proposal; and (3) &#8220;AGAINST&#8221; the Adjournment Proposal. Abstentions will be counted as present for purposes of determining whether a quorum exists. If no instruction as to how to vote is given
(including no instruction to abstain from voting) in an executed, duly returned and not revoked proxy, the proxy will be voted in accordance with the Air Lease Board&#8217;s recommendation with respect to each proposal and consequently will be voted
&#8220;FOR&#8221; each of (1)&nbsp;the Merger Proposal, (2)&nbsp;the Compensation Proposal, and (3)&nbsp;the Adjournment Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Broker <FONT
STYLE="white-space:nowrap">non-votes</FONT> are shares held by a broker, bank, trust or other nominee that are present in person or represented by proxy and entitled to vote at the special meeting, but with respect to which the broker, bank or other
nominee is not instructed by the beneficial owner of such shares on how to vote on a particular proposal and the broker does not have discretionary voting power on such proposal. Because brokers, banks and other nominee holders of record do not have
discretionary voting authority with </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
respect to any of the three proposals to be presented at the special meeting, if a beneficial owner of shares of Class&nbsp;A Common Stock held in &#8220;street name&#8221; does not give voting
instructions to the broker, bank, trust or other nominee with respect to any of the proposals, then those shares will not be counted for the purpose of determining whether a quorum is present and each broker
<FONT STYLE="white-space:nowrap">non-vote</FONT> will count as a vote &#8220;AGAINST&#8221; the proposal to approve the Merger Proposal, but will have no effect on: (1)&nbsp;the Compensation Proposal; or (2)&nbsp;the Adjournment Proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_32"></A>Voting; Proxies; Revocation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Voting By Mail </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you are a stockholder of record and
received your special meeting materials by mail, you can vote by filling out, signing, dating and completing the proxy card included with this proxy statement and returning it by mail in the enclosed self-addressed envelope. No postage is necessary
if the proxy card is mailed in the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you hold your shares through a bank, broker or other nominee, the proxy card will give you separate
instructions for voting your shares. If you received printed copies of the proxy materials by mail, you may vote by filling out the voting instruction form and returning it in the envelope provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Voting by Submitting a Proxy by Internet or Telephone </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">To submit your proxy on the internet, go to the voting website provided on the proxy card by [&#9679;] [a.m./p.m.] Pacific time, on [&#9679;], 2025. To submit
your proxy by telephone, registered stockholders should dial 1-866-402-3905 and follow the instructions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The availability of online or phone voting may
depend on the voting process of the organization that holds your shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Voting at the Special Meeting </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you plan to attend the special meeting via the online webcast and wish to vote at the special meeting, you will have access to an electronic ballot on the
special meeting virtual webcast site. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you were a stockholder of record as of the Record Date and have successfully
<FONT STYLE="white-space:nowrap">pre-registered</FONT> to attend the special meeting, then you may vote at the special meeting by clicking on the &#8220;Stockholder Ballot&#8221; link on the virtual meeting website, completing the electronic ballot
and clicking &#8220;Sign and Submit&#8221; to send your completed ballot directly to the inspector of election before the polls are closed at the special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you were a beneficial owner of shares held in street name as of the Record Date and intend to vote at the special meeting, you must request a legal proxy
from your broker, bank, or other nominee, and save it as a PDF, or image file format, in order to upload a copy with your electronic ballot during the special meeting. If you do not request a legal proxy prior to the special meeting, or your broker,
bank or nominee fails to provide you with a legal proxy, then you will not be able to vote or change your previously submitted vote at the special meeting. Obtaining a legal proxy may take several days, or longer, and stockholders are advised to
request a legal proxy as far in advance as possible. The voting instruction form you may have received in connection with the special meeting is not a legal proxy. If you request a legal proxy from your broker, bank or other nominee, the issuance of
the legal proxy will </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
revoke any prior voting instructions you have given and will prevent you from giving any further voting instructions to your broker, bank or nominee to vote on your behalf. As a result, you will
only be able to vote by electronic ballot at the special meeting. Beneficial owners of shares as of the Record Date who have successfully <FONT STYLE="white-space:nowrap">pre-registered</FONT> to attend the virtual special meeting and obtained a
legal proxy from their broker, bank, or other nominee may vote at the special meeting by clicking on the &#8220;Stockholder Ballot&#8221; link on the virtual meeting website, completing the electronic ballot, uploading your legal proxy or other
evidence of authority to vote, and clicking &#8220;Sign and Submit&#8221; to have your completed ballot sent directly to the inspector of election before the polls are closed at the special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Questions on how to vote</I>: If you have any questions about the merger, the special meeting or this proxy statement, would like additional copies of this
proxy statement or require assistance with submitting your proxy or voting your Class&nbsp;A Common Stock, please contact our proxy solicitor: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Revocation of Proxies </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Stockholders of record can revoke and change a prior proxy vote by submitting a later-dated proxy online, by phone or by mail, or by voting during the special
meeting as described above. Stockholders of record may also send a letter to our Corporate Secretary at the address for our principal executive office so that it arrives no later than the close of business on [&#9679;], 2025. Only your latest proxy
card or voting instruction form received in accordance with the requirements above will be counted. Your attendance at the special meeting will not by itself revoke your proxy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Beneficial owners will need to contact the organization that holds your shares to obtain instructions on how to change your vote. As noted above, if you
request a legal proxy from your broker, bank or other nominee, the issuance of the legal proxy will revoke any prior voting instructions you have given and will prevent you from giving any further voting instructions to your broker, bank or nominee
to vote on your behalf. As a result, you will only be able to vote by electronic ballot at the special meeting as described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_33"></A>Adjournments and Postponements </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company may, with Parent&#8217;s consent (not to be unreasonably withheld, conditioned or delayed), adjourn or
postpone the special meeting if the Company reasonably believes that (i)&nbsp;such adjournment or postponement is necessary to ensure that any required supplement or amendment to this proxy statement is provided to the holders of shares of
Class&nbsp;A Common Stock a reasonable time in advance of the special meeting, (ii)&nbsp;after consultation with Parent, as of the time for which the special meeting is then scheduled, (A)&nbsp;there will be an insufficient number of shares of
Class&nbsp;A Common Stock present (either in person or by proxy) to constitute a necessary quorum, or (B)&nbsp;there will be an insufficient number of proxies to obtain the Company Stockholder Approval, or (iii)&nbsp;such adjournment or postponement
is required by law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company shall, if requested by Parent, adjourn or recess the special meeting, if after consultation with
Parent, as of the time for which the special meeting is then scheduled (A)&nbsp;there will be an insufficient number of shares of Class&nbsp;A Common Stock present (either in person or by proxy) to constitute a necessary quorum, or (B)&nbsp;there
will be an insufficient number of proxies to obtain the Company Stockholder Approval. Any signed proxies received by the Company in which no voting instructions are provided on the Adjournment Proposal will be voted in favor of adjournment, if such
proposal is introduced at the special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the special meeting is adjourned, we are not required to give notice of the time and place of the
reconvened adjourned meeting if such time and place are announced at the meeting at which the adjournment is taken, unless the adjournment is for more than 30&nbsp;days or, after the adjournment, the Air Lease Board fixes a new record date for the
special meeting. At any reconvened adjourned meeting, any business may be transacted which might have been transacted at the original convening of the special meeting. All proxies will be voted in the same manner as they would have been voted at the
original convening of the special meeting, except for any proxies that have been effectively revoked or withdrawn prior to the time the proxy is voted at the reconvened meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_34"></A>Solicitation of Proxies </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This
proxy statement is sent on behalf of, and the proxies are being solicited by, the Air Lease Board. We will bear all costs of this solicitation of proxies. In addition to solicitations by mail, the Company&#8217;s directors, officers and employees,
without additional remuneration, may solicit proxies by telephone, telecopy, email and personal interviews. We will request brokers, custodians and other fiduciaries to forward proxy-soliciting materials to the beneficial owners of Class&nbsp;A
Common Stock they hold of record. We will reimburse them for their reasonable <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses incurred in connection with the distribution of the proxy materials.
We have also engaged Innisfree M&amp;A Incorporated to assist the Company in the solicitation of proxies and have agreed to pay them a fee of $50,000 and potentially additional fees under certain circumstances, plus reasonable expenses, for these
services. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_35"></A>THE MERGER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_36"></A>The Parties to the Merger and their Principal Affiliates </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Air Lease Corporation </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Founded in 2010, the Company is
principally engaged in purchasing modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers and leasing those aircraft to airlines. In addition to leasing activities, the Company sells aircraft from its fleet
to third parties, including other leasing companies, financial services companies, airlines and other investors. The Company also provides fleet management services to investors and owners of aircraft portfolios for a management fee. For information
about the Company, see &#8220;<I>Security Ownership of Directors, Executive Officers and Certain Beneficial Owners</I>&#8221; beginning on page&nbsp;122 and <I>&#8220;Where You Can Find Additional Information</I>&#8221; beginning on page 128. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company&#8217;s Class&nbsp;A Common Stock is listed on the NYSE under the ticker symbol &#8220;AL.&#8221; The principal executive office of the Company is
located at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Takeoff Merger Sub Inc. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Merger Sub is a wholly owned, indirect subsidiary of Parent and was formed solely for the purpose of engaging in the merger and other related transactions.
Merger Sub has not engaged in any business other than in connection with the merger and other related transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Merger Sub&#8217;s address is located
at 277 Park Avenue, 15th Floor, New York, New York 10172. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora
Designated Activity Company) </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent was established in connection with the proposed transactions and, if the transaction is consummated, will be
jointly owned by the Investors. Parent was formed solely for the purpose of engaging in the merger and other related transactions, and Parent has not engaged in any business other than in connection with the merger and other related transactions.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent&#8217;s address is located at 277 Park Avenue, 15th Floor, New York, New York 10172. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Sumitomo Corporation </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumitomo is an integrated global
trading company with diversified investments in businesses involved in manufacturing, marketing, sales and distribution of consumer products, providing financing for customers and suppliers, coordination and operation of urban and industrial
infrastructure products, providing transportation and logistics services, developing natural resources, sales and distribution of steel and other products, and developing and managing real estate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumitomo&#8217;s address is located at Otemachi Place East Tower, <FONT STYLE="white-space:nowrap">3-2</FONT> Otemachi
<FONT STYLE="white-space:nowrap">2-Chome,</FONT> <FONT STYLE="white-space:nowrap">Chiyoda-ku,</FONT> Tokyo <FONT STYLE="white-space:nowrap">100-8601,</FONT> Japan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>SMBC Aviation Capital Limited </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">SMBC Aviation Capital is one of the world&#8217;s leading aircraft operating lease companies. In operation since 2001, it has an owned and serviced fleet
valued at $30.0 billion, comprising 507 owned and 234 serviced aircraft. In June 2012, it was acquired by a consortium led by SBMC, with its ultimate parent becoming SMFG, and over the last 13 years has formed a key pillar of the wider Sumitomo
family aircraft financing group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">SMBC AC&#8217;s address is located at Fitzwilliam 28, Fitzwilliam Street Lower, Dublin D02 KF20, Ireland. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Apollo Capital Management, L.P. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo is a subsidiary
of Apollo Global Management, a Delaware corporation, a high-growth, global alternative asset manager and a retirement services provider that is publicly listed on the NYSE under the ticker symbol &#8220;APO.&#8221; Apollo Global Management has three
reportable segments: asset management, retirement services, and principal investing. These business segments are differentiated based on the investment services they provide, as well as varying investing strategies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo Global Management&#8217;s asset management segment focuses on credit and equity investment strategies. These strategies reflect the range of investment
capabilities across Apollo Group&#8217;s asset management platform based on relative risk and return. Credit focuses on generating excess returns through high-quality credit underwriting and origination. In addition to participation in the
traditional issuance and secondary credit markets, through affiliated origination platforms and corporate solutions capabilities, the credit strategy seeks to originate attractive and safe-yielding assets for investors. Apollo Group&#8217;s equity
team has experience across sectors, industries, and geographies in spanning its private equity, hybrid value, secondaries equity, real estate equity, impact investing, infrastructure, and clean transition equity strategies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo Group&#8217;s retirement services business is conducted by Athene Holding Ltd., a leading financial services company that specializes in issuing,
reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In Apollo Global Management&#8217;s principal investing segment, Apollo Global Management makes strategic equity and financing investments and generates
performance allocations from the Apollo Group funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Apollo&#8217;s address is located at 9 West
57<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Street, 43<SUP STYLE="font-size:75%; vertical-align:top">rd</SUP> Floor, New York, NY 10019. Apollo&#8217;s website is www.apollo.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Brookfield Asset Management Ltd. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Brookfield is a global
alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate and credit. Brookfield offers a broad range of investment
strategies designed to build and preserve wealth for institutional and individual investors. Drawing on its <FONT STYLE="white-space:nowrap">125-year</FONT> heritage as an owner and operator, Brookfield supports businesses in enhancing operations,
growing free cash flow, and creating long-term value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Brookfield&#8217;s Class&nbsp;A Limited Voting Shares are listed on the NYSE and Toronto Stock
Exchange under the ticker symbol &#8220;BAM.&#8221; Brookfield&#8217;s principal executive office is located at Brookfield Place, 250 Vesey Street, 15<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor, New York, NY 10281-0221.
Brookfield&#8217;s website is www.brookfield.com. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_37"></A>Background of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The following summarizes certain events and contacts that led to the signing of the merger agreement. It does not purport to describe every conversation of
or among the Air Lease Board or between the Company&#8217;s officers or representatives or other parties. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company&#8217;s senior officers and the
Air Lease Board have regularly reviewed and assessed, among other things, the Company&#8217;s strategic direction and business plans, general economic and industry conditions, the competitive environment and the Company&#8217;s financial condition
and performance and future growth prospects as part of their evaluation of the Company&#8217;s plans and strategies for enhancing stockholder value. In connection with this review and assessment, the Company&#8217;s senior officers and the Air Lease
Board regularly evaluated strategic transactions, including, among others, potential business combinations, acquisitions, dispositions, joint ventures and minority investments in the Company. The Company&#8217;s senior officers and the Air Lease
Board also regularly reviewed the Company&#8217;s Class&nbsp;A Common Stock price performance and returns, and the potential risks faced by the Company in executing its strategic plan and operating as an independent public company, including risks
relating to the Company&#8217;s operations and performance, the aircraft leasing industry, general economic and geopolitical developments and other factors. In this regard, the Company&#8217;s senior officers and the Air Lease Board also reviewed
and considered the constraints faced by the Company resulting from the <FONT STYLE="white-space:nowrap">write-off</FONT> of its aircraft that were detained in Russia in 2022 and the related impact on the Company&#8217;s <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio, which had remained above its target of 2.5x to 1x since the <FONT STYLE="white-space:nowrap">write-off.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As part of the Company&#8217;s assessment of strategic transactions, beginning in September 2023 and continuing in 2024 and 2025, the Company explored, on a
preliminary basis, the possibility of investing in a joint venture with a global investment firm (&#8220;<B>Party A</B>&#8221;) in which the Company would contribute certain of its assets and Party A would contribute cash (the &#8220;<B>Party A
Joint Venture</B>&#8221;). Throughout these discussions, the Company considered the potential benefits of contributing assets to the Party A Joint Venture, including the initial gain on sale profits, ongoing management fees, and <FONT
STYLE="white-space:nowrap">de-leveraging</FONT> of its balance sheet, and weighed such benefits against the potential risks and costs, including forgone lease revenues and the possibility that the Company could generate higher gain on sale profits
in the secondary trading market. Additionally, during an initial discussion on September&nbsp;25, 2023 arranged by an investment banking firm that the Company had worked with in the past, attended by the Company&#8217;s Executive Vice President and
Chief Financial Officer, Gregory B. Willis, and the Company&#8217;s then-Senior Vice President and Treasurer, Daniel Verwholt, Party A made it clear that it would require additional capital partners to move forward with the Party A Joint Venture.
Subsequently, throughout 2023, 2024 and 2025, representatives of the Company had preliminary discussions with five financial investment firms regarding their&nbsp;potential participation as capital partners in the Party A Joint Venture, though none
of the five investment firms elected to proceed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Around the time the discussions with Party A were taking place, another investment banking firm that had
worked with the Company in the past suggested to senior officers of the Company that they speak with a global investment firm (&#8220;<B>Party B</B>&#8221;) regarding its potential interest in participating in a separate joint venture with the
Company. On October&nbsp;31, 2023, following outreach by the Company&#8217;s President and Chief Executive Officer, John L. Plueger, and Mr.&nbsp;Willis, the Company entered into a confidentiality agreement with Party B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;3, 2023, the Air Lease Board held an <FONT STYLE="white-space:nowrap">in-person</FONT> meeting for its regularly scheduled annual strategy
session, at which certain senior officers of the Company were present. During the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
meeting, the Air Lease Board reviewed the Company&#8217;s financial performance and industry landscape, including (i)&nbsp;the multiples at which the Company&#8217;s Class&nbsp;A Common Stock had
been trading, (ii)&nbsp;the Company&#8217;s continuing efforts to reduce its <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio (which at the end of the third quarter of 2023 was 2.68x on a GAAP
basis) to its target of 2.5x to 1x, (iii) the projected decline in the Company&#8217;s core lease margins through the end of 2025, which were expected to be driven by higher interest expense due to increases in interest rates that began in 2022 and
the impact of <FONT STYLE="white-space:nowrap">COVID-era</FONT> lease restructurings and (iv)&nbsp;an update on the Company&#8217;s recovery efforts related to losses resulting from aircraft detained in Russia. The Company&#8217;s senior officers
reviewed the discussions with potential joint venture investors. The Company&#8217;s senior officers also reviewed the Company&#8217;s potential acquisition opportunities, including opportunities outside of the aircraft leasing sector, and other
potential strategic transaction structures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;6, 2023, the Company&#8217;s then-Executive Chairman, Steven F. <FONT
STYLE="white-space:nowrap">Udvar-H&aacute;zy,</FONT> Mr.&nbsp;Plueger, Mr.&nbsp;Willis and Mr.&nbsp;Verwholt held a subsequent meeting in person with Party A to further discuss the structure of the Party A Joint Venture and potential <FONT
STYLE="white-space:nowrap">co-investors.</FONT> Subsequently, on December&nbsp;5, 2023, Mr.&nbsp;Willis and Mr.&nbsp;Verwholt met in person with representatives of an investment firm (&#8220;<B>Party C</B>&#8221;) to evaluate their potential
interest in participating as an <FONT STYLE="white-space:nowrap">co-investor</FONT> in the Party A Joint Venture. Thereafter, discussions with Party C continued over the ensuing six months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">While joint venture discussions were ongoing with Party A and potential <FONT STYLE="white-space:nowrap">co-investors,</FONT> in November 2023, <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> participated in a preliminary conversation with a representative of a strategic party active in the aircraft leasing industry regarding its potential interest in a strategic transaction
with the Company (&#8220;<B>Party D</B>&#8221;) and separately had a preliminary conversation with a representative of a strategic party not active in the aircraft leasing industry regarding its potential interest in a strategic transaction
(&#8220;<B>Party E</B>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;4, 2023, Mr.&nbsp;Plueger, Mr.&nbsp;Willis and Mr.&nbsp;Verwholt met with representatives of Party B to
explore, on a preliminary basis, Party B&#8217;s potential interest in a joint venture or other strategic transaction or investment in the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
December&nbsp;14, 2023, the Air Lease Board held a special meeting via videoconference, with certain senior officers of the Company participating, where the Company&#8217;s senior officers updated the Air Lease Board on their respective preliminary
discussions regarding the potential strategic transaction opportunities that were discussed with the different third parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In January 2024, a
representative of Party D informed <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> that the Company was too large in terms of assets and overall valuation to make it a viable acquisition target for Party D. In February 2024, a
representative of Party E informed <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> that although they admired what the Company had accomplished, it was no longer interested in exploring a potential strategic transaction with the
Company as it believed that an acquisition of a large public company like the Company would be very challenging for them. No further discussions regarding a potential strategic transaction were held with Party E thereafter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Also during January 2024, representatives of Party B contacted Mr.&nbsp;Willis to further discuss a potential joint venture or other strategic transaction.
However, by February 2024, Party B had ceased its exploration of a potential joint venture or other strategic transaction with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
February&nbsp;13, 2024, the Air Lease Board held a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, at which certain of the Company&#8217;s senior officers were present. During the meeting, the Air Lease Board reviewed
the Company&#8217;s financial performance and wider industry landscape, including the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Company&#8217;s capital allocation strategy in light of the challenges faced by the Company at the time given its heightened
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio due to the <FONT STYLE="white-space:nowrap">write-off</FONT> of its Russian fleet in 2022. The Air Lease Board also reviewed the aircraft leasing
industry&#8217;s competitive landscape and possible strategic transaction opportunities for the Company, noting that while several leasing companies may represent theoretical acquisition candidates, there were limited opportunities that the
Company&#8217;s senior officers believed reflected a strategic fit or financially attractive investment opportunity for the Company at that time, including in light of the trading multiples of its Class&nbsp;A Common Stock. At the meeting, the
Company&#8217;s senior officers also updated the Air Lease Board on their ongoing discussions with the various third parties, all of which remained at a preliminary stage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;10, 2024, Mr.&nbsp;Willis and Mr.&nbsp;Verwholt had a call with Party A and their respective advisors to discuss a draft term sheet for the
Party A Joint Venture. The term sheet contemplated that a portion of the Company&#8217;s existing assets and orderbook would be transferred to the joint venture, and that each capital partner in the Party A Joint Venture would additionally acquire a
minority equity stake of 2.5% for an aggregate equity stake of 5% in the Company in exchange for their participation in the Party A Joint Venture, which equity investment was subject to the Company&#8217;s Class&nbsp;A Common Stock trading below
0.80x book value. The Company requested the equity investment by the capital partners to further align their interests with those of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
May&nbsp;3, 2024, the Air Lease Board held a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, at which certain of the Company&#8217;s senior officers were present. During the meeting, Mr.&nbsp;Willis provided updates on
the potential Party A Joint Venture, and reviewed the latest proposed key terms of the joint venture, potential benefits to the Company, and the requirement that the parties find a <FONT STYLE="white-space:nowrap">co-investor,</FONT> which it had
not yet done. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;17, 2024, Party C notified Mr.&nbsp;Willis that it was no longer interested in participating in the Party A Joint Venture, as
it was not willing to meet the Company&#8217;s requirement that it acquire a minority equity stake in the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;22, 2024, at a business
reception, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> met with Noriyuki Hiruta and David Swan, the Chairman and the Chief Operations&nbsp;&amp; Sustainability Officer, respectively, of SMBC AC, who expressed their interest in
exploring a potential strategic transaction with the Company. The representatives of SMBC AC did not discuss any price or valuation for the Company, but indicated that they would get in touch with the Company after August. On the same day, at a
dinner requested by a representative of another strategic party (&#8220;<B>Party F</B>&#8221;) with <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger, a representative of Party F informed <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger that, if Party F could obtain the necessary capital support from its existing investors, Party F could be interested in exploring opportunities to invest in or acquire
the Company and suggested that, in its view, the Company was worth approximately <FONT STYLE="white-space:nowrap">$6-7&nbsp;billion,</FONT> which was then equivalent to a range of $52.00 to $61.00 per share of the Company&#8217;s Class&nbsp;A Common
Stock (the Company&#8217;s Class&nbsp;A Common Stock closed at $48.35 per share on July&nbsp;22, 2024). During these interactions, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger informed each of SMBC AC and
Party F that the Company had no plans to sell or merge at the time, but that the Air Lease Board would carefully evaluate any serious proposals that would enhance stockholder value. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;23, 2024, at a business reception, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger met in person again
with Mr.&nbsp;Hiruta and Mr.&nbsp;Swan, together with Mr.&nbsp;Shane Matthews, SMBC AC&#8217;s Head of Strategic and Market Analysis, at which time Mr.&nbsp;Swan reiterated their interest in exploring a potential strategic transaction involving the
Company but without any mention of price or valuation. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Mr.&nbsp;Plueger reiterated the message communicated on July&nbsp;22 that while the Company had no plans to sell or merge at the time, the Air Lease Board would carefully evaluate any serious
proposals that would enhance stockholder value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;30, 2024, at a dinner with the Air Lease Board held in conjunction with a regularly
scheduled Air Lease Board meeting, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger orally informed the Air Lease Board of the unsolicited meetings with SMBC AC and Party F. The Air Lease Board discussed the
interest that had been expressed at the meetings and asked to be kept advised on any further developments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;31, 2024, the Air Lease Board
held a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, at which certain of the Company&#8217;s senior officers were present. During the meeting, Mr.&nbsp;Willis reviewed the mergers and acquisitions landscape at the
time, noting there were limited opportunities for acquisitions by the Company that were a strategic fit for or financially attractive to the Company, including in light of the trading multiples of the Company&#8217;s Class&nbsp;A Common Stock.
Mr.&nbsp;Willis provided an update on the Party A Joint Venture, including the Company&#8217;s senior officers&#8217; outreach to additional potential capital partners to <FONT STYLE="white-space:nowrap">co-invest</FONT> in the Party A Joint
Venture, which had not yet confirmed an interested <FONT STYLE="white-space:nowrap">co-investor.</FONT> Mr.&nbsp;Plueger and Mr.&nbsp;Willis also reviewed the Company&#8217;s capital allocation strategy, including an evaluation of a potential share
repurchase program as a mechanism to return capital to stockholders, but noted that the Company&#8217;s <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio remained above its target due to the <FONT
STYLE="white-space:nowrap">write-off</FONT> of its Russian aircraft fleet in 2022, which resulted in an unsupportive framework for a share repurchase program at the Company&#8217;s then-current stock price (the Company&#8217;s Class&nbsp;A Common
Stock closed at $49.62 per share on July&nbsp;31, 2024). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On August&nbsp;9, 2024, the Air Lease Board held a special meeting via videoconference, with
certain of the Company&#8217;s senior officers participating, to discuss a potential share repurchase program in light of the decline in the Company&#8217;s stock performance since the Air Lease Board&#8217;s most recent meeting. At the meeting, the
Air Lease Board and the Company&#8217;s senior officers reviewed the benefits, risks and legal considerations of a potential share repurchase program. The Air Lease Board also noted that the Company&#8217;s <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio remained elevated and discussed the potential implications of that heightened leverage on the Company&#8217;s debt ratings. The Air Lease Board reviewed the potential negative impact on
the Company&#8217;s <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio if a share repurchase program were implemented. As a result, the Air Lease Board determined not to pursue a share repurchase
program at that time. Mr.&nbsp;Willis also provided an update on the discussions with Party A regarding the Party A Joint Venture, and <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> discussed other strategic transaction
opportunities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later in August 2024, representatives of the Company and SMBC AC discussed setting up a <FONT STYLE="white-space:nowrap">follow-up</FONT>
meeting to discuss a potential strategic transaction involving the Company. This meeting was scheduled to be held on September&nbsp;12, 2024. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
September&nbsp;3, 2024, in a meeting organized by a representative of another investment banking firm, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger met in person with representatives of Party B to <FONT
STYLE="white-space:nowrap">re-engage</FONT> in discussions about a potential joint venture or other strategic transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On September&nbsp;12, 2024, <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> Mr.&nbsp;Plueger and the Company&#8217;s Lead Independent Director, Robert A.&nbsp;Milton, met in person with SMBC AC&#8217;s Chief Executive Officer, Peter Barrett, Mr.&nbsp;Swan and
SMBC AC&#8217;s Chief Financial Officer, Aisling Kenny. During the meeting, Mr.&nbsp;Barrett expressed interest in exploring a potential acquisition of the Company in an <FONT STYLE="white-space:nowrap">all-cash</FONT> transaction. Mr.&nbsp;Milton
informed the SMBC AC representatives that the Air Lease Board had no plans at the time to sell or merge the Company but would remain open to considering any proposal made by SMBC AC. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> informed the SMBC AC representatives that the Company would consult with financial and legal advisors to evaluate SMBC
AC&#8217;s interest and that Mr.&nbsp;Milton would be the primary Company representative on behalf of the Air Lease Board for further discussions. At the conclusion of the meeting, Mr.&nbsp;Barrett indicated that SMBC AC would submit a preliminary, <FONT
STYLE="white-space:nowrap">non-binding</FONT> indication of interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On September&nbsp;13, 2024,
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> Mr.&nbsp;Plueger and Mr.&nbsp;Milton met in person with the Chief Executive Officer of Party F, who noted that Party F was facing challenges in obtaining necessary capital support
from its existing investors to pursue such a transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On September&nbsp;18, 2024, the Air Lease Board held a special meeting via videoconference,
with certain of the Company&#8217;s senior officers participating, to discuss the developments regarding the potential strategic transactions. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> reviewed the status of the Party A
Joint Venture and the discussions with SMBC AC, Party B and Party F. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> Mr.&nbsp;Plueger and Mr.&nbsp;Milton reported on their meetings in September with SMBC AC and Party F. The Air
Lease Board determined it would be in the best interests of the Company and its stockholders to continue discussions on the Party A Joint Venture and on the other strategic transactions contemplated by the other parties that had expressed strategic
interest in the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;7, 2024, Mr.&nbsp;Barrett and Mr.&nbsp;Milton had a call to discuss SMBC AC&#8217;s continued interest in
exploring a potential strategic transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;11, 2024, the Air Lease Board held its regularly scheduled annual strategy session <FONT
STYLE="white-space:nowrap">in-person</FONT> at which certain of the Company&#8217;s senior officers were present. The Air Lease Board reviewed and discussed the Company&#8217;s financial performance and strategic plan, including (i)&nbsp;the decline
in the Company&#8217;s Class&nbsp;A Common Stock <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">price-to-book</FONT></FONT> multiple from levels seen prior to the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic,
reflecting the Company&#8217;s lower <FONT STYLE="white-space:nowrap">after-tax</FONT> return on common equity, (ii)&nbsp;a leverage analysis showing the Company&#8217;s heightened
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio and (iii)&nbsp;the proposed 2025 strategic plan prepared by the Company&#8217;s senior officers. During the meeting,
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> reviewed the discussions with Party F, and Mr.&nbsp;Milton reviewed his recent discussion with Mr.&nbsp;Barrett. Mr.&nbsp;Willis also provided an update on the Party A Joint Venture,
noting that a <FONT STYLE="white-space:nowrap">co-investor</FONT> had not yet been identified, and on other possible strategic transaction opportunities, including with another global investment firm (&#8220;<B>Party G</B>&#8221;). At the meeting,
the Air Lease Board unanimously agreed that J.P. Morgan, with whom the Company had an existing banking relationship, would be well-positioned to advise the Company and the Air Lease Board on the potential strategic transactions given its knowledge
and familiarity with the Company and the aircraft leasing industry. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;17, 2024, Mr.&nbsp;Plueger met in person with the Chief Executive
Officer of Party F who informed Mr.&nbsp;Plueger that there continued to be challenges in obtaining necessary capital support from Party F&#8217;s existing investors to pursue a potential strategic transaction with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In October 2024, the Company determined to engage Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP (&#8220;<B>Skadden</B>&#8221;) as external legal counsel
in connection with the Company&#8217;s evaluation of the potential strategic transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;31, 2024, Mr.&nbsp;Barrett called
Mr.&nbsp;Milton and previewed that SMBC AC would submit a written preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest in the next few days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;4, 2024, SMBC AC submitted an unsolicited written preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest to
acquire the Company. SMBC AC proposed an <FONT STYLE="white-space:nowrap">all-cash</FONT> transaction for 100% of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the Company&#8217;s issued and outstanding Class&nbsp;A Common Stock at a preliminary price indication range of $54.00 to $61.00 per share, stating that the proposed price range represented a 22%
to 38% premium to the Company&#8217;s closing Class&nbsp;A Common Stock price of $44.35 per share on October&nbsp;31, 2024. The proposal was subject to, among other things, further due diligence, an assessment of regulatory approvals and internal
discussions between SMBC AC&#8217;s shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;6, 2024, the Air Lease Board held a regularly scheduled
<FONT STYLE="white-space:nowrap">in-person</FONT> meeting, with certain senior officers of the Company participating. At the meeting, the Company&#8217;s senior officers reviewed with the Air Lease Board the Company&#8217;s financial performance and
industry landscape, again noting that the Company&#8217;s <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio (which at the end of the third quarter of 2024 was 2.63x on a GAAP basis) remained above
its target due to the <FONT STYLE="white-space:nowrap">write-off</FONT> of its Russian fleet in 2022, and therefore was not conducive to the adoption of a share repurchase program at that time. The Company&#8217;s senior officers also discussed
updates on the various strategic transactions that were being explored, including the Party A Joint Venture and the SMBC AC <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest, and the Air Lease Board discussed the framework
of a response to SMBC AC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;7, 2024, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> on behalf of the Air Lease Board
and as authorized at the meeting held the previous day, sent Mr.&nbsp;Barrett a letter stating that the Company was in the process of carefully evaluating SMBC AC&#8217;s preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of
interest in the context of all relevant factors. The letter further noted that the Air Lease Board would pursue the course of action that was in the best interest of the Company&#8217;s stockholders and expected to respond in due course as soon as
possible. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;11, 2024, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> met with representatives of J.P. Morgan to
discuss the engagement of J.P. Morgan as the Company&#8217;s financial advisor in connection with the Company&#8217;s evaluation of potential strategic transactions based on the Air Lease Board&#8217;s recommendation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;12, 2024, Mr.&nbsp;Barrett contacted <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> telephonically to follow up on the
Company&#8217;s response letter sent on November&nbsp;7, 2024, and the timing of the Air Lease Board&#8217;s further response. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;19, 2024,
the Air Lease Board held a special meeting via videoconference, with certain of the Company&#8217;s senior officers and representatives of Skadden participating, to (i)&nbsp;continue discussions of the Company&#8217;s potential strategic
transactions, including the transaction contemplated by the preliminary indication of interest from SMBC AC and the option to remain an independent public company and not engage in a business combination transaction, and (ii)&nbsp;review the
proposed terms of the engagement letter provided by J.P. Morgan as financial advisor and the disclosures made by J.P. Morgan of its relationships with SMBC AC and its shareholders (which had been disclosed by J.P. Morgan to the Air Lease Board in a
relationship disclosure letter delivered prior to the meeting). Representatives of Skadden reviewed the directors&#8217; fiduciary duties and certain legal considerations related to the proposed strategic transaction with SMBC AC and other
alternatives, including remaining an independent public company. The Air Lease Board also continued its discussions on the response to SMBC AC&#8217;s preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest, and
directed the Company&#8217;s senior officers to send a response to SMBC AC to the effect that, while the Company remained open to receiving an improved proposal from SMBC AC, the price range in its letter was inadequate and overly broad. At this
meeting, the Air Lease Board authorized the Company&#8217;s senior officers to sign the engagement letter and retain J.P. Morgan as the Company&#8217;s financial advisor in connection with the evaluation of possible strategic transactions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;20, 2024, as authorized by and on behalf of the Air Lease Board, <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> sent Mr.&nbsp;Barrett a response letter to SMBC AC&#8217;s preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest stating that the Company had carefully
analyzed and considered SMBC AC&#8217;s preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest letter and that, while the Company remained interested in continuing discussions about a potential strategic transaction,
the Air Lease Board determined that the price range outlined in SMBC AC&#8217;s preliminary, <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest was inadequate and overly broad. The Company stated in its response that it would
welcome an improved proposal and would continue to consider all strategic alternatives that are in the best interest of the Company&#8217;s Class&nbsp;A Common Stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;22, 2024, as authorized by the Air Lease Board, the Company entered into an engagement letter with J.P. Morgan as its financial advisor to
provide investment banking and related services in connection with the Company&#8217;s review of strategic transactions, which may include a possible merger, consolidation or similar business combination transaction involving the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On November&nbsp;25, 2024, SMBC AC sent a response letter to the Company stating its continued interest in exploring a potential strategic transaction with
the Company and that it had shareholder support to explore such an opportunity. However, the letter stated it would require additional information from the Company and clarity in relation to process and timeline in order to present a refined
proposal per the Company&#8217;s request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;2, 2024, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> called
Mr.&nbsp;Barrett to discuss SMBC AC&#8217;s latest response letter. During that call, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> informed Mr.&nbsp;Barrett that the indicated price range would need to be significantly
improved, with a lower band beginning at least $60.00 per share, in order to be considered by the Company (the Company&#8217;s Class&nbsp;A Common Stock closed at $50.60 per share on December&nbsp;2, 2024). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;16, 2024, the Air Lease Board had an update call to brief all directors on the status of discussions with SMBC AC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;17, 2024, Mr.&nbsp;Barrett contacted representatives of J.P. Morgan telephonically to provide an update on the status of a revised written
proposal that SMBC AC was preparing. Mr.&nbsp;Barrett indicated he expected a letter to be shared by the end of the month, and reiterated his desire for the Company and SMBC AC to enter into a <FONT STYLE="white-space:nowrap">non-disclosure</FONT>
agreement. On the same day, representatives of J.P. Morgan reported Mr.&nbsp;Barrett&#8217;s update and requests to the Air Lease Board for its consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;24, 2024, SMBC AC and Sumitomo submitted a revised written <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest for an <FONT
STYLE="white-space:nowrap">all-cash</FONT> transaction for 100% of the Company&#8217;s issued and outstanding Class&nbsp;A Common Stock at a preliminary price range indication of $57.00 to $61.50 per share. The letter noted the revised price range
represented a 17% to 27% premium to the Company&#8217;s December&nbsp;23, 2024 closing Class&nbsp;A Common Stock price of $48.61 per share. The revised <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest stated that Sumitomo
and SMBC AC intended to acquire the Company through a newly formed acquisition vehicle and that the transaction would potentially include minority investments from unidentified third-party financial investors. The proposal contemplated completion of
due diligence and definitive documentation within four to six weeks from date of receipt of all required due diligence information. Sumitomo and SMBC AC also provided a list of due diligence information requests and requested to enter into a
confidentiality agreement with the Company. The revised <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest also stated that Sumitomo and SMBC AC had engaged Goldman Sachs Group, Inc. (&#8220;<B>Goldman Sachs</B>&#8221;) and
Citigroup Global Markets Inc. (&#8220;<B>Citi</B>&#8221;) as their financial advisors, and that SMBC AC had engaged Davis Polk&nbsp;&amp; Wardwell LLP (&#8220;<B>Davis Polk</B>&#8221;) as their external legal counsel. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On December&nbsp;27, 2024, the Air Lease Board held a special meeting via videoconference, with certain of
the Company&#8217;s senior officers and representatives of J.P. Morgan and Skadden participating, to discuss the revised <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest from Sumitomo and SMBC AC. Representatives of J.P.
Morgan reviewed the terms and structure of the revised <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest, public market valuation perspectives, and precedent transactions. The Air Lease Board determined to provide a response
that would continue the preliminary discussions between the parties regarding the terms of a potential strategic transaction, and contemplated the sharing of certain limited information on an aggregated basis with Sumitomo and SMBC AC in an effort
to get Sumitomo and SMBC AC to a higher valuation for the Company. On the same day following the meeting, representatives of J.P. Morgan conveyed the Air Lease Board&#8217;s response to representatives of Goldman Sachs and Citi. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On January&nbsp;13, 2025, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> met with the Chief Executive Officer of Party F in connection
with an industry event. At this event, the Chief Executive Officer of Party F again informed <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> that they still did not have the required capital support from their existing investors
to pursue a potential strategic transaction and did not expect to obtain that support in the near future as internal matters took precedence over potential strategic transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Also on January&nbsp;13, 2025, in connection with the same industry event, Party D met with representatives of J.P. Morgan and reiterated that Party D was not
interested in pursuing a strategic transaction with the Company given the Company&#8217;s size and valuation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On January&nbsp;17, 2025, representatives
of Skadden and Davis Polk discussed certain legal matters related to the potential acquisition structure that was contemplated for the potential strategic transaction, including the involvement of third-party financial investors, and discussed
certain regulatory considerations related thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On January&nbsp;21, 2025, at the request of the Air Lease Board, representatives of Skadden sent a
draft <FONT STYLE="white-space:nowrap">non-disclosure</FONT> agreement to representatives of Davis Polk, which would require Company consent before Sumitomo and SMBC AC could engage in discussions, or share information regarding the Company, with
any third-party financing sources. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On February&nbsp;1, 2025, representatives of J.P. Morgan contacted Party F telephonically to discuss Party F&#8217;s
interest a potential strategic transaction with the Company. During this conversation, and a <FONT STYLE="white-space:nowrap">follow-up</FONT> call in April 2025, Party F reiterated that it was focused on other internal matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On February&nbsp;6, 2025, representatives of J.P. Morgan discussed the draft <FONT STYLE="white-space:nowrap">non-disclosure</FONT> agreement with
representatives of Goldman Sachs and Citi, conveying the Company&#8217;s concerns regarding Sumitomo&#8217;s and SMBC AC&#8217;s prospective ability to share confidential information regarding the Company with its potential third party financial
investors, whose commitment in a potential strategic transaction was not yet confirmed and whose identities were not disclosed to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
February&nbsp;11, 2025, the Air Lease Board held a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, with certain of the Company&#8217;s senior officers participating. Representatives of J.P. Morgan and Skadden joined
the meeting via videoconference for a portion of the meeting to discuss (i)&nbsp;the status on the draft <FONT STYLE="white-space:nowrap">non-disclosure</FONT> agreement with Sumitomo and SMBC AC, (ii)&nbsp;the proposed scope of certain limited
information to be shared in an effort to get Sumitomo and SMBC AC to a higher valuation for the Company, and (iii)&nbsp;the latest update on Sumitomo&#8217;s and SMBC AC&#8217;s proposed acquisition structure, which would include third party
financial investors not yet identified. The Air Lease Board directed representatives of J.P. Morgan to continue discussions with Goldman Sachs and Citi in connection </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
with the potential strategic transaction and to provide the agreed upon additional due diligence information pursuant to the <FONT STYLE="white-space:nowrap">non-disclosure</FONT> agreement once
finalized and executed, and to confirm with Party F whether it would be interested in pursuing a strategic transaction with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Thereafter, the
Company, Sumitomo and SMBC AC further negotiated the <FONT STYLE="white-space:nowrap">non-disclosure</FONT> agreement, which was executed on February&nbsp;24, 2025 (the &#8220;<B>NDA</B>&#8221;). Under the NDA, subject to certain restrictions,
Sumitomo and SMBC AC were permitted to continue to engage in discussions with four financial investors, including Apollo Global Management and its or its affiliates&#8217; managed funds <B></B>and Brookfield Corporation and its or its
affiliates&#8217; managed funds (&#8220;<B>Brookfield</B> <B>Corporation</B>&#8221;), in order to support their financing of the potential strategic transaction solely regarding (i)&nbsp;the financial model for the potential strategic transaction
based solely on publicly available information and/or (ii)&nbsp;the structure and/or governance of the acquisition vehicle that may be formed to effect the potential strategic transaction, and only for the purposes of evaluating, negotiating and, if
applicable, consummating a potential strategic transaction with the Company. In addition, the NDA prohibited Sumitomo and SMBC AC from disclosing to any of such investors any confidential information of the Company or transaction-related
information, other than the fact that Sumitomo and SMBC AC were considering or may pursue a transaction involving the Company. The NDA also contained a customary standstill provision, with an exception that would permit Sumitomo and SMBC AC to make
confidential proposals to the Air Lease Board that would not reasonably be expected to require a public announcement by the Company, and customary fall away events, including in the event that the Company entered into an agreement with a third party
for a transaction, including a merger, amalgamation, consolidation or other business combination transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On February&nbsp;28, 2025, Sumitomo, SMBC
AC and their representatives were provided access to a virtual data room containing certain due diligence information about the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;4,
2025, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Plueger met in person with the Chief Executive Officer of Party F, who reiterated to them that it would not pursue a strategic transaction with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;13, 2025, the Air Lease Board held a regularly scheduled meeting via videoconference, with certain of the Company&#8217;s senior officers
participating. At the meeting, Mr.&nbsp;Plueger updated the Air Lease Board on the discussions with Sumitomo and SMBC AC and the status of diligence matters, as well as the discussions with investors potentially interested in the Party A Joint
Venture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Also on March&nbsp;13, 2025, the Company announced that <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> would retire from his
executive role on May&nbsp;2, 2025 and transition from Executive Chairman to Chairman of the Air Lease Board until the Company&#8217;s 2026 annual stockholder meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;14, 2025, the Chief Executive Officer of a strategic company in the aircraft leasing industry (&#8220;<B>Party H</B>&#8221;) called
Mr.&nbsp;Milton and communicated Party H&#8217;s unsolicited preliminary interest in acquiring the Company using Party H&#8217;s stock as acquisition consideration. The Chief Executive Officer of Party H indicated to Mr.&nbsp;Milton an indicative
price in the area of $55.00 per share and emphasized that they would not be open to a higher price (the Company&#8217;s Class&nbsp;A Common Stock closed at $46.02 per share on March&nbsp;14, 2025). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;18, 2025, a hedge fund known for participating in activist campaigns contacted the Company indicating it was a stockholder of the Company and
wanted to have a meeting to discuss the Company&#8217;s capital allocation plans and strategy. At the meeting, which was held later in March, the hedge fund suggested that the Company consider a large-scale sale of its assets and use of the proceeds
to return capital to stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;20, 2025, the Chief Executive Officer of Party H messaged and called Mr.&nbsp;Milton regarding
Party H&#8217;s interest in exploring a potential strategic transaction and shared an unsolicited written overview of its mergers and acquisitions credentials with Mr.&nbsp;Milton, which Mr.&nbsp;Milton forwarded to the Air Lease Board. The overview
materials did not contain a specific transaction proposal or any indication of price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On March&nbsp;31, 2025, the Company, Sumitomo and SMBC AC executed
an amendment to the NDA whereby the Company consented to Sumitomo and SMBC AC sharing certain due diligence information with certain affiliates of Apollo Global Management and Brookfield Corporation as potential financial investors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On April&nbsp;4, 2025, the Air Lease Board held an update call, with certain of the Company&#8217;s senior officers and representatives of J.P. Morgan
participating. J.P. Morgan presented on Sumitomo&#8217;s and SMBC AC&#8217;s due diligence efforts and anticipated next steps, as well as the Company&#8217;s recent dialogue with other third parties including Party F (which had expressed that it was
not interested in pursuing a strategic transaction with the Company) and Party H. Additionally, the Company&#8217;s senior officers and J.P. Morgan reviewed the Company&#8217;s latest financial outlook for the next several years and the key issues
and constraints that the Company was facing. At the meeting, the Air Lease Board discussed the recent receipt of Russia insurance proceeds, and its impact on capital allocation and share repurchases, including the fact that capacity for material
share repurchases would likely require the Company to reduce its leverage through a combination of additional Russia insurance proceeds and greater aircraft sales. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On April&nbsp;15, 2025, representatives of J.P. Morgan contacted representatives of Goldman Sachs and Citi requesting updates as to timing and status of a
revised proposal, if any. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On April&nbsp;17, 2025, Sumitomo and SMBC AC submitted a revised written <FONT STYLE="white-space:nowrap">non-binding</FONT>
proposal for the acquisition of 100% of the Company&#8217;s issued and outstanding Class&nbsp;A Common Stock at the same $57.00 to $61.50 price range indication as the <FONT STYLE="white-space:nowrap">non-binding</FONT> indication of interest
previously submitted on December&nbsp;24, 2024, representing a 36% to 47% premium to the Company&#8217;s April&nbsp;16, 2025 Class&nbsp;A Common Stock closing price of $41.78 (down from $49.21 per share on December&nbsp;24, 2024). The revised <FONT
STYLE="white-space:nowrap">non-binding</FONT> proposal contained more clarity on the proposed acquisition structure and stated it was subject to completion of due diligence review, but was not subject to any financing contingency. Sumitomo and SMBC
AC also provided a list of priority outstanding diligence information requests and requested that the parties enter into a <FONT STYLE="white-space:nowrap">non-binding</FONT> letter of intent containing the material terms of the proposed transaction
with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On April&nbsp;21, 2025, representatives of J.P. Morgan and representatives of Citi and Goldman Sachs discussed the proposed financial
terms and structure of the revised <FONT STYLE="white-space:nowrap">non-binding</FONT> proposal regarding equity investors, diligence process and regulatory approvals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later in the day on April&nbsp;21, 2025, the Air Lease Board held a special meeting via videoconference, with certain of the Company&#8217;s senior officers
and representatives of J.P. Morgan and Skadden participating, to discuss the revised <FONT STYLE="white-space:nowrap">non-binding</FONT> proposal received from Sumitomo and SMBC AC. Representatives of J.P. Morgan reviewed the consideration,
structure, financing, regulatory, due diligence and timing aspects of the revised proposal. They also reviewed the Company&#8217;s historical stock trading performance, the Company&#8217;s financial projections for 2025-2028 prepared by the
Company&#8217;s senior officers, and an extrapolation for 2029-2032 using certain assumptions discussed with the Company&#8217;s senior officers, and J.P. Morgan&#8217;s preliminary illustrative standalone valuation analyses of the Company.
Representatives of J.P. Morgan and Skadden discussed with the Air Lease </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Board potential next steps and considerations associated with respect to the proposed transaction with Sumitomo and SMBC AC or with Party H, should the Air Lease Board determine to continue
exploratory discussions with either or both of these parties. Following discussion, it was the consensus of the Air Lease Board to continue discussions with Sumitomo and SMBC AC and with Party H. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On April&nbsp;30, 2025, representatives of J.P. Morgan updated the Company&#8217;s senior officers that the Chief Executive Officer of Party F expressed to
them that they did not have any greater capacity to move quickly on a large-scale transaction at the time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;2, 2025, the Air Lease Board held
a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, with certain of the Company&#8217;s senior officers participating. Representatives of J.P. Morgan and Skadden joined the meeting via videoconference for a portion of
the meeting to discuss updates on the potential strategic transactions that had arisen since the April&nbsp;21 Air Lease Board meeting. Representatives of J.P. Morgan reviewed certain updates to the Company&#8217;s standalone financial projections
prepared by the Company&#8217;s senior officers and the related impact on J.P. Morgan&#8217;s preliminary illustrative standalone valuation analyses of the Company. Representatives of J.P. Morgan also reviewed alternative share repurchase scenarios
for the Company and the impact of such alternative scenarios on the illustrative present value of the Company&#8217;s future Class&nbsp;A Common Stock price. They also discussed the potential Party A Joint Venture and the likelihood that it would
result in a reduction in the Company&#8217;s return on equity relative to its standalone plan, in light of the forgone lease revenues and potentially superior gain on sale revenues available in the secondary trading market for aircraft. Finally,
they discussed potential next steps with respect to Sumitomo and SMBC AC and Party H, should the Air Lease Board determine to continue to pursue discussion with any or all of those parties. Representatives of Skadden then reviewed certain legal
considerations and regulatory approval matters related to a potential strategic transaction with Sumitomo and SMBC AC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;6, 2025, on behalf of
Sumitomo and SMBC AC, representatives of Goldman Sachs and Citi contacted representatives of J.P. Morgan to (i)&nbsp;request a second amendment to the NDA to allow for limited sharing of due diligence information with the potential financial
investors for purposes of obtaining internal approvals for a potential strategic transaction and (ii)&nbsp;follow up on their request to enter into a <FONT STYLE="white-space:nowrap">non-binding</FONT> letter of intent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;7, 2025, the Chief Executive Officer of Party H had a call with representatives of J.P. Morgan where the Chief Executive Officer of Party H
expressed interest in submitting a proposal for a potential strategic transaction with the Company, but did not provide any indication of the price that would be included in such a proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;8, 2025, Mr.&nbsp;Milton provided an email update to the Air Lease Board on developments with Sumitomo and SMBC AC and Party H, respectively.
Mr.&nbsp;Milton proposed that the Air Lease Board respond to Sumitomo&#8217;s and SMBC AC&#8217;s requests and highlight in the response that (i)&nbsp;the price range indication in Sumitomo&#8217;s and SMBC AC&#8217;s revised proposal was
inadequate, particularly in light of the recent upward movement of the Company&#8217;s Class&nbsp;A Common Stock price (which closed at $53.62 per share on May&nbsp;8, 2025) and (ii)&nbsp;the Company required more clarity with respect to a potential
strategic transaction timeline. In addition, Mr.&nbsp;Milton informed the Air Lease Board that Party H had indicated interest in submitting a proposal for a potential strategic transaction with the Company. The members of the Air Lease Board
concurred with Mr.&nbsp;Milton&#8217;s approach to Sumitomo and SMBC AC and to Party H. Mr.&nbsp;Milton indicated that he would direct representatives of J.P. Morgan to convey the Air Lease Board&#8217;s response to Sumitomo&#8217;s and SMBC
AC&#8217;s advisors, which occurred thereafter. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Also on May&nbsp;8, 2025, representatives of Skadden sent a draft clean team agreement to representatives of
Davis Polk. Over the course of the month, the parties negotiated the scope of information to be shared and scope of permitted representatives that would be granted access to such information pursuant to the clean team agreement. The clean team
agreement was executed on June&nbsp;12, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;9, 2025, at the request of Sumitomo and SMBC AC, the Company, Sumitomo and SMBC AC executed a
second amendment to the NDA whereby the Company consented to Sumitomo&#8217;s and SMBC AC&#8217;s sharing of certain additional diligence information with the potential financial investors, which included Apollo Global Management and Brookfield
Corporation, to the extent permitted by the terms of the amended NDA. The Company also granted consent to the disclosure of certain information by Sumitomo and SMBC AC to rating agencies on a confidential basis and solely to the extent required to
obtain rating evaluation service/rating assessment service and/or retain and obtain credit ratings in connection with the potential strategic transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;14, 2025, representatives of Davis Polk sent a draft <FONT STYLE="white-space:nowrap">non-binding</FONT> merger agreement letter of intent (the
&#8220;<B>LOI</B>&#8221;) to representatives of Skadden. The LOI contemplated, among other things, that (i)&nbsp;Sumitomo, SMBC AC and the financial investors (the identities of which had not yet been determined at this time) would form a special
purpose acquisition vehicle that would become the holding company for the Company upon completion of the transaction, (ii)&nbsp;each issued and outstanding share of the Company&#8217;s Class&nbsp;A Common Stock would receive a purchase price to be
agreed between $57.00 and $61.50 per share in cash, (iii)&nbsp;the Investors would enter into equity commitment letters with special purpose acquisition vehicle providing for their commitment to fund an amount not yet determined at this stage,
(iv)&nbsp;the merger agreement would contain a customary &#8220;fiduciary out&#8221; provision in favor of the Company allowing it to change its recommendation for the merger and or terminate the merger agreement to enter into an unsolicited
superior transaction if required by its fiduciary duties, (v) the merger agreement could be terminated by the Company under customary circumstances, including in connection with the entry into a definitive agreement with respect to a superior
transaction (subject to the payment of a termination fee which was to be agreed upon), (vi) the parties would use reasonable best efforts to obtain the applicable regulatory approvals, to which the specific allocation of responsibility would be set
out more fully in the definitive merger agreement, (vii)&nbsp;the Company would agree to cooperate with the special purpose acquisition vehicle to facilitate the orderbook transfer to SMBC AC immediately following the closing of the transaction,
including reasonable best efforts to obtain all consents from original equipment manufacturers and enter into documentation to novate the orderbook contracts to SMBC AC, and (viii)&nbsp;the Company would be permitted to continue to declare its
regular quarterly cash dividends. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;22, 2025, Mr.&nbsp;Milton provided an email update to the Air Lease Board informing them that there had
been no material progress with Sumitomo and SMBC AC or Party H, respectively, since the last update provided on May&nbsp;8, 2025. Mr.&nbsp;Milton proposed that the representatives of J.P. Morgan would contact Sumitomo and SMBC AC to (i)&nbsp;convey
the Company&#8217;s reluctance to provide additional diligence information without first receiving confirmation of their interest in pursuing the potential strategic transaction and (ii)&nbsp;given the Class&nbsp;A Common Stock&#8217;s recent
trading price (the Class&nbsp;A Common Stock closed at $57.11 per share on May&nbsp;22, 2025), inform Sumitomo and SMBC AC that they would need to pay a higher price than previously indicated in their
<FONT STYLE="white-space:nowrap">non-binding</FONT> proposal submitted on April&nbsp;21, 2025 to be considered by the Company. Mr.&nbsp;Milton also proposed that J.P. Morgan would contact the Chief Executive Officer of Party H to ascertain whether
Party H intended to submit a formal expression of interest with an indicative price range for a potential strategic transaction. The Air Lease Board agreed with both messages, and thereafter the representatives of J.P. Morgan communicated the
messages to Sumitomo&#8217;s and SMBC AC&#8217;s advisors and to Party H. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On May&nbsp;30, 2025, the Chief Executive Officer of Party H met with a representative of J.P. Morgan and
conveyed that Party H was prepared to offer a fixed number of shares of its common stock of Party H in a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">stock-for-stock</FONT></FONT> merger with the Company, but this offer did not
equate to a price level which was at or above the price levels at which the Company&#8217;s Class&nbsp;A Common Stock had been trading (the Company&#8217;s Class&nbsp;A Common Stock closed at $57.61 per share on May&nbsp;30, 2025). The Chief
Executive Officer of Party H expressed that their offer was based on fundamentals and not trading levels, such that they would remain interested should the Company&#8217;s Class&nbsp;A Common Stock price decrease in the future or the Company
otherwise determine this proposal was compelling. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In early June 2025, Mr.&nbsp;Willis and representatives from Party A and one of the financial
investment firms that had expressed interest in serving as a <FONT STYLE="white-space:nowrap">co-investor</FONT> in the Party A Joint Venture (&#8220;<B>Party&nbsp;I</B>&#8221;)<B></B> had further discussions regarding the structure of the Party A
Joint Venture, and the terms of the Party A Joint Venture were modified to remove the requirement to acquire a minority equity stake of 5% in the Company.&nbsp;Discussions with Party A and Party I&nbsp;regarding the Party A Joint Venture continued
until the transaction agreements with the Investors were executed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On June&nbsp;4, 2025, Mr.&nbsp;Barrett contacted Mr.&nbsp;Milton telephonically to
discuss the indicative price range in the latest proposal. Mr.&nbsp;Barrett conveyed that the Investors remained interested in pursuing a potential strategic transaction and indicated that they would increase the upper band of the price range in
their proposal to $65.00 per share (the Company&#8217;s Class&nbsp;A Common Stock closed at $56.73 per share on June&nbsp;4, 2025). Mr.&nbsp;Milton informed Mr.&nbsp;Barrett of the Air Lease Board&#8217;s requirement for the parties to conclude
their discussions about a potential strategic transaction by <FONT STYLE="white-space:nowrap">mid-July</FONT> to minimize disruption to the Company&#8217;s operations in the absence of a transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On June&nbsp;6, 2025, the Air Lease Board held a special meeting via videoconference, with certain of the Company&#8217;s senior officers and representatives
of J.P. Morgan and Skadden participating to discuss the various potential strategic transactions. Mr.&nbsp;Milton reviewed his conversation with Mr.&nbsp;Barrett held on June&nbsp;4, 2025 as well as the status of discussions with Party H.
Representatives of J.P. Morgan reviewed their financial analyses of the Company and potential next steps and timing with the Investors. A representative of Skadden reviewed certain legal considerations, including fiduciary duties associated with the
Air Lease Board&#8217;s consideration of the revised proposal and related process matters. At the conclusion of the meeting, the Air Lease Board determined to continue pursuing discussions with the Investors and provide due diligence information in
connection with a potential strategic transaction, and directed representatives of J.P. Morgan to reiterate to the Investors the Company&#8217;s desire to conclude the parties&#8217; discussions regarding a potential strategic transaction by <FONT
STYLE="white-space:nowrap">mid-July,</FONT> and that the Company would accelerate the due diligence timeline on the understanding that the top end of the Investors&#8217; price range was increased to be $65.00 per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As directed by the Air Lease Board, on June&nbsp;7, 2025, representatives of J.P. Morgan, Goldman Sachs and Citi discussed the proposed price range and
timeline for a potential strategic transaction pursuant to the Investors&#8217; proposal. Representatives of Goldman Sachs and Citi expressed that they understood the request to increase the top end of the price range to $65.00 per share but
indicated that they did not believe that the <FONT STYLE="white-space:nowrap">mid-July</FONT> timeline was feasible. Representatives of J.P. Morgan then reported this update to Mr.&nbsp;Milton and the Company&#8217;s senior officers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On June&nbsp;12, 2025, the Company, Sumitomo and SMBC AC entered into a clean team agreement with respect to certain highly confidential information of the
Company to be made available, on a restricted basis, to certain individuals at Sumitomo and SMBC AC and their advisors in the virtual data room. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Over the course of June 2025, certain senior officers of the Company and the Investors and their respective
advisors continued to negotiate the LOI with respect to certain significant issues, including, among other things, (i)&nbsp;whether the merger consideration stated therein would be a price range or a specific price per the Company&#8217;s request,
(ii)&nbsp;efforts and remedies around regulatory approval matters, (iii)&nbsp;the fiduciary out provisions available to the Company, (iv)&nbsp;the inclusion of a reverse termination fee payable to the Company in the event the merger agreement is
terminated by any party as a result of the failure to obtain any applicable regulatory approval, and (v)&nbsp;the conditionality surrounding the proposed transfer of the Company&#8217;s orderbook to SMBC AC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On June&nbsp;19, 2025, the Chief Executive Officer of Party H met in person with <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy.</FONT> During
this meeting, the Chief Executive Officer of Party H had expressed to <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> concerns about the potential impact of tariffs on aircraft, engines and parts on the aircraft leasing industry.
No proposal for a strategic transaction with the Company was communicated at this meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;2, 2025, the Chief Executive Officer of Party H
met with Mr.&nbsp;Milton in person to discuss matters unrelated to the Company. During this meeting, the Chief Executive Officer of Party H expressed Party H&#8217;s continued interest in exploring a potential strategic transaction to
Mr.&nbsp;Milton, but reiterated that Party H did not intend to submit a formal proposal or pursue a potential strategic transaction with the Company at a premium to the Company&#8217;s then current Class&nbsp;A Common Stock price (the
Company&#8217;s Class&nbsp;A Common Stock price closed at $58.93 per share on July&nbsp;2, 2025). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;3, 2025, Mr.&nbsp;Plueger had a call with
Mr.&nbsp;Barrett to discuss, at a high level, the Company&#8217;s orderbook as part of the Investors&#8217; due diligence. Mr.&nbsp;Plueger and Mr.&nbsp;Barrett did not discuss price during this conversation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later in the day on July&nbsp;3, 2025, the Company entered into the LOI with the Investors, which at that time identified Apollo as an Investor in addition to
Sumitomo and SMBC AC. The LOI provided for, among other things, that (i)&nbsp;the purchase price would be in the range of $60.00 - $65.00 per share, (ii)&nbsp;the parties to the merger agreement would use reasonable best efforts to obtain promptly
all regulatory approvals and take mutually agreed actions in furtherance thereof, and the merger agreement would include remedies for failure to obtain the regulatory approvals, (iii)&nbsp;the Company would agree to cooperate with special purpose
acquisition vehicle to facilitate the orderbook transfer to SMBC AC immediately following the closing of the transaction, including reasonable best efforts to obtain all consents from original equipment manufacturers and enter into documentation to
novate the contracts to SMBC AC, provided that the receipt of such consents would not be a condition to the closing of the transaction, and (iv)&nbsp;the Company would be permitted to continue to declare its regular quarterly cash dividends. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;4, 2025, Mr.&nbsp;Milton had a call with Mr.&nbsp;Barrett to discuss the Company&#8217;s desired timing of trying to reach a binding agreement by
the end of July, in advance of the Company&#8217;s earnings announcement for the second quarter. Mr.&nbsp;Barrett informed Mr.&nbsp;Milton that based on the due diligence information that had been provided to the Investors, they would work toward
reaching an agreement by July&nbsp;30, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later in the day on July&nbsp;4, 2025, Mr.&nbsp;Milton provided an email update to the Air Lease Board
informing them of his recent discussions with Mr.&nbsp;Barrett and with the Chief Executive Officer of Party H, noting the progress that had been made with the Investors, including the signing of the LOI, while there remained uncertainty whether
Party H would make an offer for a strategic transaction. Following this update, Party H did not provide any further offer or expression of interest regarding a strategic transaction with the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;7, 2025, representatives of Skadden sent a draft merger agreement to representatives of Davis
Polk. The draft merger agreement provided, among other things, that (i)&nbsp;the acquiror would be required to use reasonable best efforts to take all actions and do all things necessary, proper or advisable to obtain required regulatory approvals,
(ii)&nbsp;the Air Lease Board would be permitted to change its recommendation that stockholders vote in favor of the adoption and approval of the merger agreement and the transactions thereby, including the merger, in the event of a superior
proposal (as defined in the draft merger agreement) or an intervening event (as defined in the draft merger agreement), (iii) the termination fee payable by the Company in certain circumstances, including if the merger agreement were terminated due
to a superior proposal or a change of recommendation, would be equal to 2% of the Company&#8217;s equity value at the transaction price and (iv)&nbsp;the termination fee payable by the Investors if the merger agreement were terminated due to a
failure to obtain regulatory approvals would be equal to 7% of the Company&#8217;s equity value at the transaction price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;15, 2025,
Mr.&nbsp;Barrett contacted Mr.&nbsp;Milton telephonically to preview that the Investors intended to submit a revised proposal replacing the previously indicated price range with a fixed price of $63.00 per share. Mr.&nbsp;Milton expressed that the
Air Lease Board was unlikely to accept the price of $63.00 per share, but the Investors were welcome to submit the letter to facilitate further discussion. Mr.&nbsp;Barrett acknowledged Mr.&nbsp;Milton&#8217;s response, but noted that the Investors
were not interested in negotiating against themselves and indicated if required, he was willing to go back to the Investors to discuss price. Mr.&nbsp;Barrett also stated a letter would be shared later in the day. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On the same day, the Investors submitted a revised written <FONT STYLE="white-space:nowrap">non-binding</FONT> proposal letter for the <FONT
STYLE="white-space:nowrap">all-cash</FONT> acquisition of all of the Company&#8217;s issued and outstanding Class&nbsp;A Common Stock at a price of $63.00 per share, representing a 6.5% premium to the Company&#8217;s July&nbsp;14, 2025 closing
Class&nbsp;A Common Stock price of $59.13 (the &#8220;<B>July Proposal</B>&#8221;). The July Proposal stated that the Investors planned to transfer the Company&#8217;s orderbook to SMBC AC at closing of the transaction, and asked to engage with the
OEMs and reach an agreement in principle on this matter ahead of signing definitive transaction documents. The July Proposal stated it was structured to preserve the Company&#8217;s investment-grade credit rating, and that the Investors had already
initiated the rating advisory service process with the rating agencies to confirm the expectation of an investment-grade credit rating. The July Proposal stated that the Investors would require certain next steps to move forward towards signing
definitive agreements, including (i)&nbsp;completion of remaining due diligence review, (ii)&nbsp;confirmation of certain regulatory matters, (iii)&nbsp;indicative ratings from the rating agencies and (iv)&nbsp;assurances from the OEMs on the
transferability of the Company&#8217;s orderbook, but the July Proposal was not subject to a financing contingency. The letter also included a list of outstanding diligence requests for the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;16, 2025, the Air Lease Board held a special meeting via videoconference, with certain of the Company&#8217;s senior officers and representatives
of J.P. Morgan and Skadden participating, to discuss the July Proposal. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> and Mr.&nbsp;Milton reviewed the conversations held by Mr.&nbsp;Milton prior to receiving the July Proposal
with representatives of the Investors, including with Mr.&nbsp;Barrett, whereby Mr.&nbsp;Milton suggested that a revised offer at $63.00 per share was unlikely to be acceptable to the Air Lease Board. Representatives of J.P. Morgan then reviewed
their financial analyses of the July Proposal and the estimated impact of a potential share repurchase program in the absence of a transaction. The Air Lease Board then discussed the July Proposal and potential responses thereto, including the
timing considerations and liquidity needs of the Company. The Air Lease Board further discussed whether the Investors might have an ability and willingness to increase their offer price, and eventually concluded that $65.00 per share would be the
highest price per share that the Investors would be willing to pay. The Air Lease Board determined that the Company should respond to the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Investors with a proposed price of $65.00 per share, with a message communicating the Air Lease Board&#8217;s requirement to get to a binding commitment for a potential strategic transaction by
July&nbsp;30, 2025 (in advance of the Air Lease Board&#8217;s next regularly scheduled board meeting). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Shortly following this meeting, at the request of
the Air Lease Board, Mr.&nbsp;Milton contacted Mr.&nbsp;Barrett telephonically conveying the Air Lease Board&#8217;s response to the July Proposal, in particular that the price would have to increase to $65.00 per share or more to be considered by
the Company and the Company&#8217;s desired timeline. Mr.&nbsp;Barrett indicated that he would take that back to the Investors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;24, 2025,
Mr.&nbsp;Barrett contacted Mr.&nbsp;Milton telephonically and conveyed a best and final proposal for an acquisition by the Investors of the Company at $65.00 per share (the &#8220;<B>Final Proposal</B>&#8221;). Mr.&nbsp;Barrett emphasized to
Mr.&nbsp;Milton the Investors&#8217; extensive discussions in connection with improving the previous offer and reaching the Final Proposal, but indicated that this was the highest price that they would be willing to pay. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;26, 2025, the Air Lease Board held a special meeting via videoconference, with certain of the Company&#8217;s senior officers and representatives
of Skadden and J.P. Morgan participating, to discuss the Final Proposal. Representatives of Skadden reviewed the Air Lease Board&#8217;s fiduciary duties and certain legal considerations in evaluating whether to continue the discussions with the
Investors as compared to the alternative of terminating discussions and announcing other potential initiatives, including a potential share repurchase program and/or debt offerings, in connection with the Company&#8217;s earnings announcement on
August&nbsp;4, 2025. The Air Lease Board also discussed the Company&#8217;s liquidity needs given the anticipated timeline of closing the transaction described in the Final Proposal and the fact that the Company had not completed a bond offering
since June 2024. Representatives of J.P. Morgan reviewed their financial analyses of the Final Proposal. After discussion, the Air Lease Board concluded that the Company should continue its discussions with the Investors. The Company&#8217;s
Class&nbsp;A Common Stock closed at $58.06 per share on July&nbsp;25, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;27, 2025, representatives of Davis Polk sent a revised draft of
the merger agreement to representatives of Skadden. The draft merger agreement provided, among other things, (i)&nbsp;certain exceptions to the obligation to take all actions and do all things necessary, proper or advisable to obtain required
regulatory approvals, (ii)&nbsp;regulatory approvals for the orderbook transfer would be a condition to closing, (iii)&nbsp;the termination fee payable by the Company in certain circumstances would be equal to 3.75% of the Company&#8217;s equity
value at the transaction price, and (iv)&nbsp;there would be no termination fee payable by the Investors for failure to obtain the required regulatory approvals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On July&nbsp;30, 2025, the Air Lease Board held a regularly scheduled <FONT STYLE="white-space:nowrap">in-person</FONT> meeting, with certain senior officers
of the Company participating. During the meeting, the independent directors of the Air Lease Board met in executive session and received an update on the transaction from representatives of J.P. Morgan and Skadden, including on the status of an
amended and restated <FONT STYLE="white-space:nowrap">non-binding</FONT> letter of intent that would confirm the offer price of $65.00 per share and on the merger agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later on the same day, the Company entered into an amended and restated <FONT STYLE="white-space:nowrap">non-binding</FONT> letter of intent (the
&#8220;<B>A&amp;R LOI</B>&#8221;) with the Investors, which at this point had been expanded to include affiliates of Brookfield as parties to the A&amp;R LOI (hereinafter, references to the Investors in this &#8220;<I>Background of</I> <I>the
Merger</I>&#8221; include SMBC AC, Sumitomo, and affiliates of Apollo and Brookfield). In addition to including Brookfield as an Investor, the A&amp;R LOI reflected a purchase price of $65.00 per share and provided that the parties would try their
best to work towards finalizing and entering into definitive agreements for a transaction by no later than August&nbsp;29, 2025. The A&amp;R LOI did not amend any other terms of the LOI. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">53 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On August&nbsp;1, 2025, representatives of Skadden delivered a revised draft of the merger agreement to
representatives of Davis Polk. The revised draft provided the following with respect to certain significant issues: (i)&nbsp;Parent would agree to take all actions necessary to avoid any regulatory impediments, subject to an exception tied to a
&#8220;material adverse effect&#8221; standard, (ii)&nbsp;regulatory approvals for the orderbook transfer would not be a condition to closing, (iii)&nbsp;the Termination Fee (as defined in the draft merger agreement) payable by the Company in
certain circumstances would be equal to 2.5% of the Company&#8217;s equity value at the transaction price, and (iv)&nbsp;the Parent Regulatory Termination Fee (as defined in the draft merger agreement) payable by Parent in certain circumstances
would be equal to 6% of the Company&#8217;s equity value at the transaction price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On August&nbsp;10, 2025, representatives of Davis Polk delivered a
revised draft of the merger agreement to representatives of Skadden. The revised draft provided the following with respect to certain significant issues: (i)&nbsp;Parent would agree to take all actions necessary to avoid any regulatory impediments,
subject to an exception for those that would reasonably be expected to materially diminish the value of the Company and its subsidiaries, taken as a whole, or materially hinder or reduce the benefits expected to be derived by the acquirers,
(ii)&nbsp;regulatory approvals for the orderbook transfer would be a condition to closing, (iii)&nbsp;the Termination Fee would be equal to 3.5% of the Company&#8217;s equity value at the transaction price, and (iv)&nbsp;the Parent Regulatory
Termination Fee would be $200&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">From August&nbsp;11, 2025 to August&nbsp;13, 2025, Mr.&nbsp;Plueger and Mr.&nbsp;Milton held calls with the
respective senior management representatives of five OEM partners of the Company to advise them of the potential strategic transaction with the Investors and request their concurrence or <FONT STYLE="white-space:nowrap">non-objection</FONT> to the
sharing with SMBC AC and its advisors their purchase agreements and side letters with the Company. All five OEM partners provided approval and/or concurrence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">From August&nbsp;14, 2025 until the signing of the merger agreement, representatives of Davis Polk and Skadden continued to exchange drafts of the merger
agreement, disclosure schedules and other ancillary documents and negotiate key issues, including those described above and those related to the interim operating covenants applicable to the Company between signing and closing and the treatment of
employee equity awards and other employee compensation matters in the merger agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As a result of these negotiations, the final version of the
merger agreement included the following with respect to significant issues: (i)&nbsp;Parent would be required to take all actions necessary to avoid any regulatory impediments, subject to certain exceptions, including for any actions that would
reasonably be expected to materially diminish the value of the Company and its subsidiaries, taken as a whole, or materially reduce the benefits reasonably expected to be derived by the acquirers (including benefits from the orderbook transfer or
the servicing arrangements), (ii) regulatory approvals for the orderbook transfer would be a condition to closing, (iii)&nbsp;the Termination Fee would be $225&nbsp;million, (iv)&nbsp;the Parent Regulatory Termination Fee would be $350&nbsp;million,
and (v)&nbsp;the interim operating covenants would be as described in this proxy statement under &#8220;<I>The Merger Agreement.</I>&#8221; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On
August&nbsp;27, 2025, Mr.&nbsp;Plueger and Mr.&nbsp;Barrett held a call to discuss the Company&#8217;s proposed communication plans to announce the transaction to the Company&#8217;s employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On August&nbsp;29, 2025, the Air Lease Board held a special meeting via teleconference, with certain of the Company&#8217;s senior officers and
representatives of J.P. Morgan and Skadden participating. A representative of Skadden reviewed the directors&#8217; fiduciary duties and provided an update on the principal open issues in the definitive agreements and discussed the proposed
positions to be taken to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">54 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
resolve the remaining open points. The representatives of J.P. Morgan then reviewed updates to management&#8217;s projections and presented J.P. Morgan&#8217;s financial analyses of the proposed
transaction and also discussed certain open financial points. Following discussion, the Air Lease Board determined to continue to work toward finalizing the transaction documentation by September 1, 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On September&nbsp;1, 2025, Mr.&nbsp;Barrett called Mr.&nbsp;Milton to discuss certain outstanding issues on the draft merger agreement related to employee
compensation matters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Later in the day on September&nbsp;1, 2025, the Air Lease Board held a special meeting via videoconference, with certain of the
Company&#8217;s senior officers and representatives of J.P. Morgan and Skadden participating, to discuss the final updates on the merger agreement and related ancillary agreements and to consider approval of the transaction. A representative of
Skadden updated the Air Lease Board on the resolution of issues that had been outstanding and reviewed other terms and conditions of the definitive agreements for the transaction. Representatives of J.P. Morgan reviewed their financial analyses of
the transaction, and rendered to the Air Lease Board an oral opinion, confirmed by delivery of a written opinion, dated as of September&nbsp;1, 2025, to the effect that, as of that date and based on and subject to various assumptions made,
procedures followed, matters considered and limitations and qualifications on the review undertaken by J.P. Morgan as set forth in its written opinion, the merger consideration was fair, from a financial point of view, to the holders of the
Company&#8217;s Class&nbsp;A Common Stock. For more information regarding such opinion, see the section entitled &#8220;<I>&#8212;Opinion of the Company&#8217;s Financial Advisor.</I>&#8221;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">After discussion, the Air Lease Board unanimously (i)&nbsp;determined that the terms of the merger agreement and the transactions contemplated thereby,
including the merger, are advisable, fair to and in the best interests of the Company and its stockholders, (ii)&nbsp;approved and declared advisable the execution, delivery and performance of the merger agreement and the transactions contemplated
thereby, including the merger, and (iii)&nbsp;determined to recommend that the Company&#8217;s Class&nbsp;A Common Stockholders vote in favor of the adoption and approval of the merger agreement and the transactions contemplated thereby, including
the merger, at a Company stockholder meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">After the Air Lease Board meeting, the Company, Parent, Merger Sub and their respective affiliates entered
into the merger agreement and various ancillary documents. Prior to market open in the U.S. on September&nbsp;2, 2025, the Company and the Investors issued press releases announcing the entry into the merger agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_38"></A>Recommendation of the Air Lease Board; Reasons for the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board believes, based on its consideration of the factors relating to the substantive and procedural fairness described below, that the merger
agreement and the transactions contemplated thereby, including the merger, are advisable, fair to and in the best interests of, the Company and its stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board unanimously recommends that you vote (1) &#8220;<B>FOR</B>&#8221; the Merger Proposal; (2) &#8220;<B>FOR</B>&#8221; the Compensation
Proposal; and (3) &#8220;<B>FOR</B>&#8221; the Adjournment Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In evaluating the merger agreement and the transactions contemplated thereby,
including the merger, the Air Lease Board consulted with the Company&#8217;s senior management and outside financial and legal advisors. In recommending that the Company&#8217;s Class&nbsp;A Common Stockholders vote their Class&nbsp;A Common Stock
in favor of the proposal to approve and adopt the merger agreement and the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">55 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
transactions contemplated thereby, including the merger, the Air Lease Board also considered the following potentially positive factors, which are not intended to be exhaustive and are not
presented in any relative order of importance: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The belief of the Air Lease Board, after a thorough review of, and based on the Air Lease Board&#8217;s knowledge
of, the Company&#8217;s current, historical and projected financial condition, results of operations, prospects, business strategy, competitive position, industry trends, long-term strategic goals, opportunities and risks (including risks related to
geopolitical and economic developments), including the potential impact of those factors on the trading price of the Company&#8217;s Class&nbsp;A Common Stock (which cannot be quantified numerically), that the value offered to the Company&#8217;s
Class&nbsp;A Common Stockholders pursuant to the merger agreement is more favorable to the Company&#8217;s Class&nbsp;A Common Stockholders than the potential value that might reasonably be expected to result from remaining an independent public
company or entering into other strategic transactions. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The current and historical market prices of the Company&#8217;s Class&nbsp;A Common Stock, including the
relationship of the $65.00 <FONT STYLE="white-space:nowrap">per-share</FONT> merger consideration to the recent and historical trading prices of the Company&#8217;s Class&nbsp;A Common Stock, including that the
<FONT STYLE="white-space:nowrap">per-share</FONT> merger consideration constituted a premium of: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">approximately 7% premium over the Company&#8217;s <FONT STYLE="white-space:nowrap">all-time</FONT> high closing
stock price on August&nbsp;28, 2025; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">approximately 14% premium over the volume weighted average share price during the 30 trading day period ended
August&nbsp;29, 2025; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">approximately 31% premium over the volume weighted average share price during the last 12 months&#8217; trading
day period ended August&nbsp;29, 2025. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The historic and recent trading ranges of the Company&#8217;s Class&nbsp;A Common Stock and the potential trading
range of the Class&nbsp;A Common Stock absent announcement of the merger agreement, and the possibility that absent such announcement the trading price of the Class&nbsp;A Common Stock would continue to trade below the
<FONT STYLE="white-space:nowrap">per-share</FONT> merger consideration of $65.00 on a present-value basis. The Air Lease Board was aware of, and took into account, the significant <FONT STYLE="white-space:nowrap">run-up</FONT> in the Company&#8217;s
stock price in the weeks leading up to the announcement of the merger. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Air Lease Board&#8217;s belief that the merger, which the Air Lease Board evaluated with the assistance of
its legal and financial advisors, was more favorable to the Company&#8217;s Class&nbsp;A Common Stockholders than other opportunities and alternatives reasonably available to the Company, including the alternative of remaining an independent public
company, taking into account the potential risks, rewards and uncertainties associated with the merger as compared to such other opportunities and alternatives. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the Company had engaged in preliminary discussions with certain other third parties to gauge their
interest in a potential strategic transaction with the Company, as described under &#8220;<I>&#8212;Background of the Merger</I>&#8221;, and no other party had made a proposal for a strategic transaction with the Company that was more favorable than
Parent&#8217;s; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">56 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The history of negotiations with Parent as described under &#8220;<I>&#8212;Background of the Merger</I>&#8221;
that resulted in the $65.00 <FONT STYLE="white-space:nowrap">per-share</FONT> price payable in the merger, and the Air Lease Board&#8217;s belief that this was the highest price per share that Parent was willing to pay and was the best price
reasonably attainable for the Company&#8217;s Class&nbsp;A Common Stockholders, and that the terms and conditions of the merger agreement were the most favorable to the Company and its stockholders that Parent was willing to agree to;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The prospective risks to the Company as an independent public company, including the risks and uncertainties with
respect to: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">achieving the Company&#8217;s growth plans in light of the risks and uncertainties associated with executing on
the Company&#8217;s business strategy and achieving its financial projections, including the risks and uncertainties in the U.S. and global economy generally and the aviation leasing industry specifically and risks related to the current stage of
the economic cycle and macroeconomic and geopolitical challenges that could result in a market downturn in the coming months or years; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the increasing importance of operational scale and financial resources in maintaining efficiency and remaining
competitive in the aircraft leasing industry; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the risks to the Company&#8217;s business and operations described under &#8220;Risk Factors&#8221; in the
Company&#8217;s Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2024 and the Company&#8217;s Quarterly Reports on <FONT STYLE="white-space:nowrap">Form&nbsp;10-Q</FONT> for the quarterly periods ended
March&nbsp;31, 2025 and June&nbsp;30, 2025. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The financial analyses of J.P. Morgan, financial advisor to the Company in connection with the proposed merger,
and the oral opinion of J.P. Morgan rendered to the Air Lease Board at the meeting of the Air Lease Board on September&nbsp;1, 2025, confirmed by a written opinion dated as of September&nbsp;1, 2025 and delivered to the Air Lease Board, to the
effect that, as of such date and based upon and subject to the assumptions made, procedures followed, matters considered and limitations on the review undertaken described in such opinion, the merger consideration to be paid to the holders of the
Class&nbsp;A Common Stock in the proposed merger was fair, from a financial point of view, to such holders. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the merger consideration consists solely of cash, which will provide certainty of value to the
Company&#8217;s Class&nbsp;A Common Stockholders, while eliminating long-term business and execution risk. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the Company will be permitted to pay regular quarterly cash dividends of up to $0.22 per share of
Class&nbsp;A Common Stock, $11.625 per share of Series B Preferred Stock, $10.3125 per share of Series C Preferred Stock, and $15.00 per share of Series D Preferred Stock (which amounts in respect of the Series B Preferred Stock, Series C Preferred
Stock and Series D Preferred Stock may be adjusted in accordance with the dividend reset provisions contained in the relevant certificates of designation). </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The availability of appraisal rights to the Company&#8217;s Class&nbsp;A Common Stockholders who do not vote in
favor of the Merger Proposal, which rights provide eligible stockholders with the opportunity to have the Court of Chancery of the State of Delaware determine the fair value of their shares. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">57 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Air Lease Board&#8217;s view that the terms of the merger agreement would be unlikely to deter third parties
from making an unsolicited superior proposal, and that the Company may terminate the merger agreement in order to enter into an alternative acquisition agreement that the Air Lease Board determines to be a superior proposal, subject to certain
conditions, including the payment of the Company termination fee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Air Lease Board&#8217;s right, prior to the special meeting, under certain circumstances and subject to
certain conditions, to withdraw, qualify or modify its recommendation that the Company&#8217;s Class&nbsp;A Common Stockholders approve and adopt the merger agreement due to a superior proposal or an intervening event. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The financing commitments obtained by Parent to help ensure that it will have sufficient funds to pay the merger
consideration and related fees and expenses incurred in connection with the merger, and the absence of any financing contingency in the merger agreement. The Air Lease Board also considered the Limited Guarantees provided by Sumitomo and SMBC AC to
stand behind the monetary obligations of Parent under the merger agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The other terms of the merger agreement, including: </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the Air Lease Board believed that the Company termination fee of $225,000,000 is reasonable in
light of, among other things, the benefits of the merger to the Company&#8217;s Class&nbsp;A Common Stockholders, the typical size of such fees in similar transactions and the likelihood that a fee of such size would not be preclusive or
unreasonably restrictive of other offers. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The obligation of Parent to use its reasonable best efforts to take all actions and do all things necessary,
proper or advisable to obtain applicable antitrust and other regulatory approvals, subject to the limitations contained in the merger agreement, and to pay a Parent termination fee of $350,000,000 to the Company in the event that the merger
agreement is terminated in certain circumstances due to the failure to obtain the required regulatory approvals. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Company&#8217;s ability to seek specific performance under the merger agreement to specifically enforce the
terms thereof. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that receipt of consents from OEMs to the Orderbook Transfer contemplated by the merger agreement is not
a condition to the closing of the merger. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Board also considered and balanced against the potentially positive factors a
number of uncertainties, risks and other potentially negative factors in its deliberations concerning the merger and the other transactions contemplated by the merger agreement, which are not intended to be exhaustive and are not presented in any
relative order of importance: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The amount of time that may be required to consummate the merger, including the risk that the pendency of the
merger for an extended period of time could have an adverse effect on the Company. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the announcement and pendency of the merger, or the failure to complete the merger, may cause
substantial harm to the Company&#8217;s relationships with its employees (including making it more difficult to attract and retain key personnel and the possible loss of key management and other personnel), OEM suppliers and airline customers.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">58 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Air Lease Board considered the fact that completion of the merger would require U.S. and <FONT
STYLE="white-space:nowrap">non-US</FONT> antitrust approvals, as well as CFIUS approval in the U.S. and foreign direct investment approvals outside of the U.S., which are not within the Company&#8217;s control. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that, under specified circumstances, the Company may be required to pay fees and expenses in the event
the merger agreement is terminated and the effect this could have on the Company, including: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the possibility that the $225,000,000 termination fee payable by the Company to Parent upon the termination of
the merger agreement under certain circumstances could discourage other potential acquirers from making a competing proposal, although the Air Lease Board believed that the termination fee was reasonable in amount and would not unduly deter,
preclude or restrict any other party that might be interested in acquiring the Company; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the merger is not consummated, the Company will generally be required to pay its own expenses associated with
the merger agreement and the transactions contemplated thereby. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The significant costs involved in connection with entering into and completing the merger and the substantial
time and effort of management required to consummate the merger, which could disrupt the Company&#8217;s business operations. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The restrictions in the merger agreement on the Company&#8217;s ability to actively solicit competing bids to
acquire it and to entertain other acquisition proposals unless certain conditions are satisfied. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The restrictions on the Company&#8217;s conduct of business prior to completion of the merger, which could delay
or prevent the Company from undertaking business opportunities and financing transactions that may arise or taking other actions with respect to its operations during the pendency of the merger, whether or not the merger is completed.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that receipt of the <FONT STYLE="white-space:nowrap">all-cash</FONT> merger consideration would be a
taxable transaction for U.S. federal income tax purposes. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that, while the Company expects the merger to be consummated if the proposal to approve and adopt the
merger agreement is approved by the Company&#8217;s Class&nbsp;A Common Stockholders, there can be no assurance that all conditions to the parties&#8217; obligations to consummate the merger will be satisfied. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The risk of litigation arising from Class&nbsp;A Common Stockholders in respect of the merger agreement or
transactions contemplated by the merger agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that the market price of the Company&#8217;s Class&nbsp;A Common Stock could be affected by many
factors, including: (i)&nbsp;if the merger agreement is terminated, the reason or reasons for such termination and whether such termination resulted from factors adversely affecting the Company; (ii)&nbsp;the possibility that, as a result of the
termination of the merger agreement, possible acquirors may consider the Company to be an unattractive acquisition candidate; and (iii)&nbsp;the possible sale of the Company&#8217;s Class&nbsp;A Common Stock by short-term investors following an
announcement that the merger agreement was terminated. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">59 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The fact that certain of the Company&#8217;s directors and executive officers may have interests in the merger
that may be deemed to be different from, or in addition to, those of the Company&#8217;s stockholders, as described under &#8220;<I>&#8212;Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</I>.&#8221;
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">After taking into account all of the factors set forth above, as well as others, the Air Lease Board concluded that the risks,
uncertainties, restrictions and potentially negative factors associated with the merger were outweighed by the potential benefits of the merger to the Company&#8217;s Class&nbsp;A Common Stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>The foregoing discussion of factors considered by the Air Lease Board is not intended to be exhaustive, but summarizes the material factors considered by
the Air Lease Board, including the substantive and procedural factors considered by the Air Lease Board discussed above. In light of the variety of factors considered in connection with their evaluation of the merger, the Air Lease Board did not
find it practicable to, and did not, quantify or otherwise assign relative weights to the specific factors considered in reaching their determinations and recommendations. Moreover, each director applied his or her own personal business judgment to
the process and may have given different weight to different factors. The Air Lease Board did not undertake to make any specific determination as to whether any factor, or any particular aspect of any factor, supported or did not support their
ultimate determinations. The Air Lease Board based their recommendations on the totality of the information presented, including thorough discussions with, and questioning of, the Company&#8217;s senior management and outside financial advisor and
counsel. It should be noted that this explanation of the reasoning of the Air Lease Board and certain information presented in this section is forward-looking in nature and should be read in light of the factors set forth in
&#8220;</B><B><I>Cautionary Statement Concerning Forward-Looking Information</I></B><B>&#8221; beginning on page&nbsp;29. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_39"></A>Opinion of the Company&#8217;s Financial Advisor </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to an engagement letter, the Company retained J.P. Morgan as its financial advisor in connection with the proposed merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the meeting of the Air Lease Board on September&nbsp;1, 2025, J.P. Morgan rendered its oral opinion to the Air Lease Board to the effect that, as of such
date, and based upon and subject to the assumptions made, procedures followed, matters considered and limitations on the review undertaken by J.P. Morgan in preparing its opinion, the merger consideration to be paid to the holders of Class&nbsp;A
Common Stock in the proposed merger was fair, from a financial point of view, to such holders. J.P. Morgan confirmed its September&nbsp;1, 2025 oral opinion by delivering its written opinion, dated September&nbsp;1, 2025, to the Air Lease Board
that, as of such date, the merger consideration to be paid to the holders of Class&nbsp;A Common Stock in the proposed merger was fair, from a financial point of view, to such holders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The full text of the written opinion of J.P. Morgan, dated September&nbsp;1, 2025, which sets forth, among other things, the assumptions made, procedures
followed, matters considered and limitations on the review undertaken by J.P. Morgan in preparing its opinion, is attached as Annex C to this proxy statement and is incorporated herein by reference. The summary of the opinion of J.P. Morgan set
forth in this proxy statement is qualified in its entirety by reference to the full text of such opinion. The Company&#8217;s Class A Common Stockholders are urged to read the opinion in its entirety. J.P. Morgan&#8217;s
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">60 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
opinion was addressed to the Air Lease Board (in its capacity as such) in connection with and for the purposes of its evaluation of the proposed merger, and was limited to the fairness, from a
financial point of view, of the merger consideration to be paid to the holders of Class&nbsp;A Common Stock in the proposed merger. J.P. Morgan expressed no opinion as to the fairness of any consideration to be paid in connection with the proposed
merger to the holders of any other class of securities, creditors or other constituencies of the Company or as to the underlying decision by the Company to engage in the proposed merger. The issuance of J.P. Morgan&#8217;s opinion was approved by a
fairness opinion committee of J.P. Morgan. The opinion does not constitute a recommendation to any stockholder of the Company as to how such stockholder should vote with respect to the proposed merger or any other matter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In arriving at its opinion, J.P. Morgan, among other things: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">reviewed the merger agreement; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">reviewed certain publicly available business and financial information concerning the Company and the industries
in which it operates; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">compared the proposed financial terms of the proposed merger with the publicly available financial terms of
certain transactions involving companies J.P. Morgan deemed relevant and the consideration paid for such companies; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">compared the financial and operating performance of the Company with publicly available information concerning
certain other companies J.P. Morgan deemed relevant and reviewed the current and historical market prices of Class&nbsp;A Common Stock and certain publicly traded securities of such other companies; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">reviewed certain internal financial analyses and forecasts prepared by the management of the Company relating to
its business, as discussed more fully in the section entitled &#8220;<I>&#8212;Certain Projected Financial Information</I>&#8221; beginning on page 69 of this proxy statement; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">performed such other financial studies and analyses and considered such other information as J.P. Morgan deemed
appropriate for the purposes of its opinion. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition, J.P. Morgan held discussions with certain members of the management of the
Company with respect to certain aspects of the proposed merger, and the past and current business operations of the Company, the financial condition and future prospects and operations of the Company, and certain other matters J.P. Morgan believed
necessary or appropriate to its inquiry. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In giving its opinion, J.P. Morgan relied upon and assumed the accuracy and completeness of all information that
was publicly available or was furnished to or discussed with J.P. Morgan by the Company or otherwise reviewed by or for J.P. Morgan. J.P. Morgan did not independently verify any such information or its accuracy or completeness and, pursuant to J.P.
Morgan&#8217;s engagement letter with the Company, J.P. Morgan did not assume any obligation to undertake any such independent verification. J.P. Morgan did not conduct and was not provided with any valuation or appraisal of any assets or
liabilities, nor did J.P. Morgan evaluate the solvency of the Company or the Parent under any state or federal laws relating to bankruptcy, insolvency or similar matters. In relying on financial analyses and forecasts provided to J.P. Morgan or
derived therefrom, J.P. Morgan assumed that they have been reasonably prepared based on assumptions reflecting the best currently available estimates and judgments by management as to the expected future results of operations and financial condition
of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">61 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the Company to which such analyses or forecasts relate. J.P. Morgan expressed no view as to such analyses or forecasts or the assumptions on which they were based. J.P. Morgan also assumed that
the proposed merger and the other transactions contemplated by the merger agreement will be consummated as described in the merger agreement. J.P. Morgan also assumed that the representations and warranties made by the Company, the Parent and Merger
Sub in the merger agreement will be true and correct in all respects material to its analysis. J.P. Morgan is not a legal, regulatory or tax expert and relied on the assessments made by advisors to the Company with respect to such issues. J.P.
Morgan further assumed that all material governmental, regulatory or other consents and approvals necessary for the consummation of the proposed merger will be obtained without any adverse effect on the Company or on the contemplated benefits of the
proposed merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Projections (as defined in the section of this proxy statement titled &#8220;<I>&#8212;Certain Projected Financial
Information</I>&#8221;) furnished to J.P. Morgan were prepared by the Company&#8217;s management as discussed more fully in the section of this proxy statement titled &#8220;<I>&#8212;Certain Projected Financial Information</I>.&#8221; The Company
does not publicly disclose internal management projections of the type provided to J.P. Morgan in connection with J.P. Morgan&#8217;s analysis of the proposed merger, and such projections were not prepared with a view toward public disclosure. These
projections were based on numerous variables and assumptions that are inherently uncertain and may be beyond the control of the Company&#8217;s management, including, without limitation, factors related to general economic and competitive
conditions, prevailing interest rates, and other factors as set forth in the section of this proxy statement titled &#8220;<I>Cautionary Statement Concerning Forward-Looking Information</I>&#8221; beginning on page 29 of this proxy statement.
Accordingly, actual results could vary significantly from those set forth in such projections. For more information regarding the use of projections and other forward-looking statements, please refer to the section of this proxy statement titled
&#8220;<I>&#8212;Certain Projected Financial Information</I>&#8221; beginning on page 69 of this proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">J.P. Morgan&#8217;s opinion was
necessarily based on economic, market and other conditions as in effect on, and the information made available to J.P. Morgan as of, the date of such opinion. J.P. Morgan&#8217;s opinion noted that subsequent developments may affect J.P.
Morgan&#8217;s opinion and that J.P. Morgan does not have any obligation to update, revise, or reaffirm such opinion. J.P. Morgan&#8217;s opinion was limited to the fairness, from a financial point of view, of the merger consideration to be paid to
the holders of Class&nbsp;A Common Stock in the proposed merger, and J.P. Morgan expressed no opinion as to the fairness of any consideration paid in connection with the proposed merger to the holders of any other class of securities, creditors or
other constituencies of the Company or as to the underlying decision by the Company to engage in the proposed merger. Furthermore, J.P. Morgan expressed no opinion with respect to the amount or nature of any compensation to any officers, directors
or employees of any party to the proposed merger, or any class of such persons relative to the merger consideration to be paid to the holders of Class&nbsp;A Common Stock in the proposed merger or with respect to the fairness of any such
compensation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The terms of the merger agreement, including the merger consideration, were determined through arm&#8217;s length negotiations between the
Company, Parent and the Investors, and the decision to enter into the merger agreement was solely that of the Air Lease Board. J.P. Morgan&#8217;s opinion and financial analyses were only one of the many factors considered by the Air Lease Board in
its evaluation of the proposed merger and should not be viewed as determinative of the views of the Air Lease Board of the Company or Company&#8217;s management with respect to the proposed merger or the merger consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In accordance with customary investment banking practice, J.P. Morgan employed generally accepted valuation methodologies in rendering its opinion to the Air
Lease Board on September&nbsp;1, 2025, and in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">62 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the financial analyses presented to the Air Lease Board on such date in connection with the rendering of such opinion. The following is a summary of the material financial analyses utilized by
J.P. Morgan in connection with rendering its opinion to the Air Lease Board and does not purport to be a complete description of the analyses or data presented by J.P. Morgan. Some of the summaries of the financial analyses include information
presented in tabular format. The tables are not intended to stand alone, and in order to more fully understand the financial analyses used by J.P. Morgan, the tables must be read together with the full text of each summary. Considering the data set
forth below without considering the full narrative description of the financial analyses, including the methodologies and assumptions underlying the analyses, could create a misleading or incomplete view of J.P. Morgan&#8217;s analyses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Public Trading Multiples </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Using publicly available
information, J.P. Morgan compared selected financial data of the Company with similar data for a selected publicly traded company engaged in a business which J.P. Morgan, based on its experience, judged to be analogous to the business of the
Company. The company selected by J.P. Morgan was AerCap Holdings N.V. (&#8220;<B>AerCap</B>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">AerCap was selected, among other reasons, because it
operates a business that is in the same industry and shares certain operational and financial characteristics with the Company. However, the selected company is not identical or directly comparable to the Company, and the selected company may have
characteristics that are materially different from those of the Company. Accordingly, a complete analysis of the results of the following calculations cannot be limited to a quantitative review of such results and involves complex considerations and
judgments concerning the differences in the financial and operating characteristics of the selected company compared to the Company and other factors that could affect the public trading value of the selected company and the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">J.P. Morgan also reviewed and considered financial information and public market multiples for BOC Aviation Limited (&#8220;<B>BOC</B>&#8221;). J.P. Morgan
excluded such information with respect to BOC using its professional judgment in part because BOC is controlled by Bank of China, a Chinese state-owned enterprise, and listed on The Stock Exchange of Hong Kong. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Using publicly available information, J.P. Morgan calculated for each AerCap and the Company: (a)&nbsp;the ratio of such company&#8217;s share price on
August&nbsp;29, 2025 to its book value per share (&#8220;<B>BVPS</B>&#8221;), as of June&nbsp;30, 2025 as publicly reported by such company (such ratio also referred to as P/2Q25A BVPS); and (b)&nbsp;the ratio such company&#8217;s share price on
August&nbsp;29, 2025 to the equity research analyst estimates for such company&#8217;s 2026 earnings per share (&#8220;<B>EPS</B>&#8221;) (such ratio also referred to as P/2026E EPS). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The following table represents the analysis: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="82%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Price&nbsp;to<BR>2Q25A<BR>BVPS</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Price&nbsp;to<BR>2026E<BR>EPS</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AerCap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.20x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9.1x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Air Lease</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.92x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11.6x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Based on the results of this analysis, J.P. Morgan selected: (a)&nbsp;a P/2Q25A BVPS ratio reference range of 0.92x to 1.20x;
and (b)&nbsp;a P/2026E EPS ratio reference range of 9.1x to 11.6x and applied such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">63 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
reference ranges respectively to (i)&nbsp;the Company&#8217;s BVPS of $65.53, as of June&nbsp;30, 2025 as publicly reported by the Company and (ii)&nbsp;to the Company&#8217;s estimate 2026 EPS
of $5.16, as provided by the management of the Company. This resulted in the following implied equity value per share of Class&nbsp;A Common Stock (in each case rounded to the nearest $0.05): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Implied&nbsp;Equity&nbsp;Value<BR>Per&nbsp;Share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Price to 2Q25A BVPS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">60.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">78.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Price to 2026E EPS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">47.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">59.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">J.P. Morgan compared these ranges of implied equity value per share of Class&nbsp;A Common Stock to the merger consideration
of $65.00 per share of Class&nbsp;A Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Selected Transactions Analysis </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Using publicly available information, J.P. Morgan examined selected sales transactions involving selected target companies engaged in businesses which J.P.
Morgan judged, based on its experience, to be analogous to the business of the Company. For each of the selected transactions, J.P. Morgan divided the price paid for the applicable target company by the book value of such target company (such ratio
also referred to as P/BV). Specifically, J.P. Morgan reviewed the following transactions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000"><B>Announcement<BR>Date</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000"><B>Acquiror</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000"><B>Target</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Sep-24</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Avolon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Castlelake (portfolio)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Aug-23</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AviLease</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Standard Chartered&#8217;s aircraft leasing business</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Nov-22</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Macquarie&nbsp;AirFinance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">ALAFCO (portfolio)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">May-22</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">SMBC AC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Goshawk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Dec-21</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carlyle Aviation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AMCK Aviation (portfolio)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Mar-21</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carlyle Aviation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">FLY Leasing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Mar-21</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AerCap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">GECAS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Nov-19</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Marubeni / Mizuho</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Aircastle</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Sep-19</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Tokyo Century</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Aviation Capital Group</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Jun-18</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Goshawk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Sky Aviation Leasing International Limited</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Apr-17</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">DAE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AWAS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Oct-16</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Avolon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">CIT Commercial Air</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Sept-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Bohai Leasing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Avolon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Mar-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Macquarie</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AWAS (portfolio)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Dec-13</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">AerCap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">ILFC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Oct-12</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">MUFJ&nbsp;Lease&nbsp;&amp;&nbsp;Finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Jackson Square Aviation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Jan-12</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Sumitomo / SMFG</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">RBS Aviation Capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Aug-11</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">FLY Leasing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Global Aviation Asset Management</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">None of the selected transactions reviewed was identical to the proposed merger. Certain of these transactions may have
characteristics that are materially different from those of the proposed merger. However, the selected transactions were chosen because certain aspects of the transactions, for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">64 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
purposes of J.P. Morgan&#8217;s analysis, may be considered similar to the proposed merger. The analyses necessarily involve complex considerations and judgments concerning differences in
financial and operational characteristics of the companies involved and other factors that could affect the transactions differently than they would affect the proposed merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Based on the results of this analysis and other factors J.P. Morgan considered appropriate, J.P. Morgan selected a P/BV reference range of 0.66x to 1.67x.
J.P. Morgan then applied this reference range to the Company&#8217;s BVPS of $65.96, as of June&nbsp;30, 2025 calculated pro forma for publicly announced cash contingent and possessed insurance settlement proceeds to recover losses relating to
aircraft detained in Russia. This resulted in implied equity value of $43.55 to $110.15 (in each case, rounded to the nearest $0.05) per share of Class&nbsp;A Common Stock, compared to the merger consideration of $65.00 per share of Class&nbsp;A
Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Dividend Discount Analysis </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">J.P.
Morgan conducted a dividend discount analysis to determine a range of equity values for the Class&nbsp;A Common Stock based on fully diluted shares outstanding provided by the Company&#8217;s management, assuming the Company continued to operate as
a standalone entity. The range was determined by adding the present value of an estimated future dividend stream for the Company over an eight-year period from 2025 through 2032, using the Air Lease Projections (as defined below) provided by the
management of the Company (as discussed more fully in the section entitled &#8220;<I>&#8212;Certain Projected Financial Information</I>&#8221; beginning on page 69 of this proxy statement) and the present value of an estimated terminal value of the
shares of Class&nbsp;A Common Stock at the end of 2032. J.P. Morgan used the perpetuity growth method to calculate a terminal value growth rate of 1.50% to 2.50% (among other terminal year assumptions). The range of terminal values was then
discounted to present values as of June&nbsp;30, 2025 using a range of discount rates from 8.50% to 9.50%, which were chosen by J.P. Morgan based upon an analysis of the cost of equity of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This analysis implied an equity value of $58.30 to $75.20 (in each case, rounded to the nearest $0.05) per share of Class&nbsp;A Common Stock as of
June&nbsp;30, 2025, compared to the merger consideration of $65.00 per share of Class&nbsp;A Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Other Information </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">J.P. Morgan observed certain additional information for reference purposes only and not as a component to its fairness analysis: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">52-Week</FONT> Historical Trading Range </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For reference only and not as a component of its fairness analysis, J.P. Morgan reviewed the <FONT STYLE="white-space:nowrap">52-week</FONT> trading range of
Class&nbsp;A Common Stock for the period ending August&nbsp;29, 2025, the last trading day prior to the announcement of the proposed merger, which was $40.45 to $60.65 (in each case, rounded to the nearest $0.05) per share of Class&nbsp;A Common
Stock. J.P. Morgan compared that range to the merger consideration of $65.00 per share of Class&nbsp;A Common Stock. J.P. Morgan noted that the historical trading range analyses were presented merely for reference and informational purposes only and
not as a component of its fairness analysis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Analyst Price Targets </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For reference only and not as a component of its fairness analysis, J.P. Morgan reviewed the future price targets of publicly available equity research
analysts for the Class&nbsp;A Common Stock published in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">65 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
August 2025 and obtained from generally recognized financial data service providers, which provided a reference range of $50.00 to $72.00 (in each case, rounded to the nearest $0.05) per share of
Class&nbsp;A Common Stock. J.P. Morgan compared that range to the merger consideration of $65.00 per share of Class&nbsp;A Common Stock. J.P. Morgan noted that the analyst price target analyses were presented merely for reference and informational
purposes only and not as a component of its fairness analysis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Trading Multiples </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For reference only and not as a component of its fairness analysis, using P/2Q25A BVPS public trading multiple ranges described above J.P. Morgan applied such
reference ranges to the Company&#8217;s estimated BVPS of $68.32, as of December&nbsp;31, 2025 (which includes publicly announced cash contingent and possessed insurance settlement proceeds to recover losses relating to aircraft detained in Russia).
This resulted in implied equity value of $62.75 to $81.90 (in each case rounded to the nearest $0.05) per share of Class&nbsp;A Common Stock. J.P. Morgan compared that range to the merger consideration of $65.00 per share of Class&nbsp;A Common
Stock. J.P. Morgan noted such public trading multiples analysis analyses were presented merely for reference and informational purposes only and not as a component of its fairness analysis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Miscellaneous </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The foregoing summary of certain material
financial analyses does not purport to be a complete description of the analyses or data presented by J.P. Morgan. The preparation of a fairness opinion is a complex process and is not necessarily susceptible to partial analysis or summary
description. J.P. Morgan believes that the foregoing summary and its analyses must be considered as a whole and that selecting portions of the foregoing summary and these analyses, without considering all of its analyses as a whole, could create an
incomplete view of the processes underlying the analysis and its opinion. As a result, the ranges of valuations resulting from any particular analysis or combination of analyses described above were merely utilized to create points of reference for
analytical purposes and should not be taken to be the view of J.P. Morgan with respect to the actual value of the Company. The order of analyses described does not represent the relative importance or weight given to those analyses by J.P. Morgan.
In arriving at its opinion, J.P. Morgan did not attribute any particular weight to any analyses or factors considered by it and did not form an opinion as to whether any individual analysis or factor (positive or negative), considered in isolation,
supported or failed to support its opinion. Rather, J.P. Morgan considered the totality of the factors and analyses performed in determining its opinion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Analyses based upon forecasts of future results are inherently uncertain, as they are subject to numerous factors or events beyond the control of the parties
and their advisors. Accordingly, forecasts and analyses used or made by J.P. Morgan are not necessarily indicative of actual future results, which may be significantly more or less favorable than suggested by those analyses. Moreover, J.P.
Morgan&#8217;s analyses are not and do not purport to be appraisals or otherwise reflective of the prices at which businesses actually could be acquired or sold. None of the selected companies reviewed as described in the above summary is identical
to the Company and none of the selected transactions reviewed as described in the above summary was identical to the proposed merger. However, the companies selected were chosen by J.P. Morgan because they are publicly traded companies with
operations and businesses that, for purposes of J.P. Morgan&#8217;s analysis, may be considered similar to those of the Company and the transactions selected were chosen by J.P. Morgan because certain aspects of the transactions, for purposes of
J.P. Morgan&#8217;s analysis, may be considered similar to the proposed merger. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">66 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
The analyses necessarily involve complex considerations and judgments concerning differences in financial and operational characteristics of the companies involved and other factors that could
affect the companies compared to the Company and the transactions compared to the proposed merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As a part of its investment banking business, J.P.
Morgan and its affiliates are continually engaged in the valuation of businesses and their securities in connection with mergers and acquisitions, investments for passive and control purposes, negotiated underwritings, secondary distributions of
listed and unlisted securities, private placements, and valuations for corporate and other purposes. J.P.&nbsp;Morgan was selected to advise the Company with respect to the proposed merger and deliver an opinion to the Air Lease Board with respect
to the proposed merger on the basis of, among other things, such experience and its qualifications and reputation in connection with such matters and its familiarity with the Company and the industries in which it operates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company has agreed to pay J.P. Morgan a fee of $3&nbsp;million in connection with the delivery of its opinion and a transaction fee that is estimated,
based on the information available as of the date of announcement, to be approximately $66.6&nbsp;million, which is contingent and payable upon the consummation of the proposed merger and against which the opinion fee will be credited. In addition,
the Company has agreed to reimburse J.P. Morgan for certain of its expenses incurred in connection with its services, including the fees and disbursements of counsel, and will indemnify J.P. Morgan against certain liabilities arising out of J.P.
Morgan&#8217;s engagement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">During the two years preceding the date of J.P. Morgan&#8217;s written opinion, neither J.P. Morgan nor any of its affiliates
have had any material financial advisory or other material commercial or investment banking relationships with Sumitomo, an Investor and a significant shareholder of SMFL (as defined below), Sumitomo Mitsui Finance and Leasing Company, Limited, a
significant shareholder of SMBC AC (&#8220;<B>SMFL</B>&#8221;), Apollo, an Investor, and Brookfield, an Investor. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its affiliates have had commercial or
investment banking relationships with the Company, for which J.P. Morgan and such affiliates have received customary compensation. Such services during such period have included acting as joint lead arranger and joint bookrunner on a credit facility
in April 2025, as bookrunner on a bond offering in September 2024, as joint bookrunner on a bond offering in April 2024, as bookrunner on a bond offering in June 2024 and as bookrunner on a bond offering in January 2024. During the two years
preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its affiliates have had commercial or investment banking relationships with SMBC AC, an Investor, for which J.P. Morgan and such affiliates have received customary
compensation. Such services during such period have included acting as joint lead arranger on an extension to a credit facility in November 2024, as joint <FONT STYLE="white-space:nowrap">book-running</FONT> manager on a bond offering in April 2025
and as joint book-running manager on a bond offering in March 2024. In addition, J.P. Morgan and/or its affiliates are currently providing investment banking services to SMBC AC in connection with transactions that are unrelated to the proposed
merger. J.P. Morgan and/or its affiliates expect to receive customary compensation in connection with the foregoing which, considered in the aggregate and assuming all such transactions are actually completed, are expected by J.P. Morgan as to be
less than the fee for financial advisory services that J.P.&nbsp;Morgan expects to receive from the Company in connection with the proposed merger. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its
affiliates have had commercial or investment banking relationships with SMBC, a significant shareholder of SMBC AC, for which J.P. Morgan and such affiliates have received customary compensation. Such services during such period have included
providing investment banking services in connection with global securitized products. In addition, J.P. Morgan and/or its affiliates are currently providing investment banking </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">67 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
services to SMBC in connection with transactions that are unrelated to the proposed merger. J.P.&nbsp;Morgan and/or its affiliates expect to receive customary compensation in connection with the
foregoing which, considered in the aggregate and assuming all such transactions are actually completed, are expected by J.P. Morgan as to be less than the fee for financial advisory services that J.P.&nbsp;Morgan expects to receive from the Company
in connection with the proposed merger. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its affiliates have had commercial or investment banking relationships with SMFG the parent of SMBC and a
significant shareholder of SMFL, for which J.P. Morgan and such affiliates have received customary compensation. Such services during such period have included acting as joint bookrunner on notes issuances in February and July 2024 and as joint book
runner on a bond offering in September 2023. In addition, J.P. Morgan and/or its affiliates are currently providing investment banking services to SMFG in connection with transactions that are unrelated to the proposed merger. J.P. Morgan and/or its
affiliates expect to receive customary compensation in connection with the foregoing which, considered in the aggregate and assuming all such transactions are actually completed, are expected by J.P.&nbsp;Morgan as to be less than the fee for
financial advisory services that J.P. Morgan expects to receive from the Company in connection with the proposed merger. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its affiliates have had
commercial or investment banking relationships with Apollo Global Management, the ultimate parent entity of Apollo, for which J.P. Morgan and such affiliates have received customary compensation. Such services during such period have included acting
as lead arranger and lead left bookrunner on a credit facility in October 2023, as lead left bookrunner on a syndicated loan in August 2023, as lead left bookrunner on a syndicated loan in January 2025, as lead left bookrunner on a syndicated loan
in July 2025, as joint lead bookrunner on a bond offering in August 2023, as joint bookrunner on a bond offering in October 2024, as joint lead bookrunner on a bond offering in January 2024 and as financial advisor to Apollo Global Management on its
acquisition of Arconic in August 2023. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan and its affiliates have had commercial or investment banking relationships with portfolio companies of Apollo Global
Management, for which J.P. Morgan and such affiliates have received customary compensation. Such services during such period have included providing debt syndication, debt underwriting and financial advisory services to Apollo Global Management
portfolio companies. In addition, J.P. Morgan and/or its affiliates are currently providing investment banking services to Apollo Global Management and/or certain of its portfolio companies in connection with transactions that are unrelated to the
proposed merger. J.P. Morgan and/or its affiliates expect to receive customary compensation in connection with the foregoing which, considered in the aggregate and assuming all such transactions are actually completed, are expected by J.P. Morgan as
to be greater than the fee for financial advisory services that J.P.&nbsp;Morgan expects to receive from the Company in connection with the proposed merger. During the two years preceding the date of J.P. Morgan&#8217;s written opinion, J.P. Morgan
and its affiliates have had commercial or investment banking relationships with portfolio companies of Brookfield, for which J.P.&nbsp;Morgan and such affiliates have received customary compensation. Such services during such period have included
providing debt syndication and debt underwriting services to Brookfield portfolio companies. In addition, J.P. Morgan and/or its affiliates are currently providing investment banking services to Brookfield and/or certain of its portfolio companies
in connection with transactions that are unrelated to the proposed merger. J.P. Morgan and/or its affiliates expect to receive customary compensation in connection with the foregoing which, considered in the aggregate and assuming all such
transactions are actually completed, are expected by J.P. Morgan as to be less than the fee for financial advisory services that J.P. Morgan expects to receive from the Company in connection with the proposed merger. In addition, J.P. Morgan&#8217;s
commercial banking affiliate is an agent bank and a lender under outstanding credit facilities of the Company, SMBC AC, Apollo Global Management, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">68 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
portfolio companies of Apollo Global Management and portfolio companies of Brookfield, for which it receives customary compensation or other financial benefits. In addition, J.P. Morgan and its
affiliates hold, on a proprietary basis, less than 1% of the outstanding common stock of each of the Company, SMFG, Sumitomo, and Brookfield and approximately 4.02% of Apollo Global Management. During the two years preceding the date of J.P.
Morgan&#8217;s written opinion, the aggregate fees recognized by J.P.&nbsp;Morgan from the Company, SMBC AC, Apollo Global Management (including its portfolio companies), Brookfield (including its portfolio companies), SMFG and SMBC were
approximately $2,500,000, $1,500,000, $213,000,000, $46,000,000, $17,000,000 and $2,000,000, respectively. In the ordinary course of J.P. Morgan&#8217;s businesses, J.P. Morgan and its affiliates actively trade the debt and equity securities or
financial instruments (including derivatives, bank loans or other obligations) of the Company, SMFG, Sumitomo, SMBC, SMFL, Apollo Global Management and Brookfield for their own account or for the accounts of customers and, accordingly, they likely
hold long or short positions in such securities or other financial instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_40"></A>Certain Projected Financial Information
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company, as a matter of course, does not publicly disclose long-term forecasts or internal projections as to future financial performance,
earnings, or other results due to, among other reasons, the uncertainty and subjectivity of the underlying assumptions and estimates. However, in connection with the Air Lease Board&#8217;s evaluation of the merger, the Company&#8217;s management
provided to J.P.&nbsp;Morgan and Parent certain unaudited prospective financial information relating to the Company on a standalone basis for the fiscal years ending December&nbsp;31, 2025 through December&nbsp;31, 2028, and extrapolations of
certain forecasts for the fiscal years ending December&nbsp;31, 2029 through December&nbsp;31, 2032 (the &#8220;<B>Air Lease Projections</B>&#8221;). The Air Lease Projections were provided to J.P.&nbsp;Morgan by the Company for its use and reliance
in connection with its financial analyses and opinion, as more fully described in the section entitled &#8220;<I>&#8212;Opinion of the Company&#8217;s Financial Advisor</I>&#8221; beginning on page 60. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The summary of the Air Lease Projections below is not included to influence the decision of Class&nbsp;A Common Stockholders whether to vote to approve the
merger or any other proposal to be considered at the special meeting, but is provided solely because it was made available to the Air Lease Board and J.P. Morgan in connection with the merger. The inclusion of the below information should not be
regarded as an indication that any of the Company or its respective advisors or other representatives or any other recipient of this information considered, or now considers, to be necessarily predictive of actual future results, or that it should
be construed as financial guidance, and such summary projections set forth below should not be relied on as such. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This information was prepared solely
for internal use and is subjective in many respects. While presented with numerical specificity, the Air Lease Projections reflect numerous estimates and assumptions that are inherently uncertain and may be beyond the control of the Company&#8217;s
management, including, among others, the factors described in the sections entitled &#8220;<I>Cautionary Statement Concerning Forward-Looking Information</I>&#8221; and &#8220;<I>Where You Can Find Additional Information.</I>&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Projections also reflect assumptions as to certain business decisions that are subject to change and subjective judgment that is susceptible to
multiple interpretations and periodic revisions based on actual experience and business developments. The Company can give no assurance that the Air Lease Projections and the underlying estimates and assumptions will be realized. In addition, since
the Air Lease Projections cover multiple years, this information by its nature becomes less predictive </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">69 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
with each successive year. The Air Lease Projections constitute &#8220;forward-looking statements&#8221; and actual results may differ materially and adversely from those projected, and important
factors that may affect actual results and cause the Air Lease Projections to be inaccurate include, but are not limited to, risks and uncertainties relating to its business, industry performance, the regulatory environment, general business and
economic conditions and other matters described in the sections entitled &#8220;<I>Cautionary Statement Concerning Forward-Looking Information</I>&#8221; and &#8220;<I>Where You Can Find Additional Information.</I>&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Projections were not prepared with a view toward public disclosure, nor were they prepared with a view toward compliance with published
guidelines of the SEC or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of prospective financial information. Further, the Air Lease Projections include <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> financial measures. <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> financial measures are not prepared in accordance with GAAP and should be considered as a supplement to, not a substitute for, or
superior to, the corresponding measures calculated in accordance with GAAP. Neither the Company&#8217;s independent registered public accounting firm nor any other independent accountants have compiled, examined or performed any procedures with
respect to the Air Lease Projections, nor have they expressed any opinion or any other form of assurance on this information or its achievability. The report of the independent registered public accounting firm to the Company contained in its Annual
Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2024, which is incorporated by reference into this proxy statement, relates to historical financial information of the Company, and that report does not
extend to the Air Lease Projections and should not be read to do so. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Furthermore, the Air Lease Projections do not take into account any circumstances or
events occurring after the date that the Company&#8217;s management prepared them. The Company can give no assurance that, had it prepared the Air Lease Projections as of the date of this proxy statement, it would use similar estimates and
assumptions. Except as applicable securities laws require, the Company does not intend to, and disclaims any obligation to, make publicly available any update or other revision to the Air Lease Projections to reflect circumstances existing since its
preparation or to reflect the occurrence of unanticipated events, even if any or all of the underlying assumptions are shown to be inappropriate, including with respect to the accounting treatment of the merger under GAAP, or to reflect changes in
general economic or industry conditions. The Air Lease Projections do not take into account all the possible financial and other effects on the Company of the merger, the effect on the Company of any business or strategic decision or action that has
been or will be taken as a result of the merger agreement having been executed, or the effect of any business or strategic decisions or actions that would likely have been taken if the merger agreement had not been executed but were instead altered,
accelerated, postponed or not taken in anticipation of the merger. Further, the Air Lease Projections do not take into account the effect on the Company of any possible failure of the merger to occur. None of the Company or its respective
affiliates, officers, directors, advisors or other representatives has made, makes or is authorized in the future to make any representation to any stockholder or other person regarding the Company&#8217;s ultimate performance compared to the
information contained in the Air Lease Projections or that the forecasted results will be achieved. The inclusion of the Air Lease Projections in this proxy statement should not be deemed an admission or representation by the Company or its
respective advisors or other representatives or any other person that it is viewed as material information of the Company, particularly in light of the inherent risks and uncertainties associated with the Air Lease Projections. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In light of the foregoing, and considering that the special meeting will be held after the Company prepared the Air Lease Projections, as well as the
uncertainties inherent in any forecasted information, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">70 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Class&nbsp;A Common Stockholders are cautioned not to place undue reliance on the Air Lease Projections and are encouraged to review the Company&#8217;s most recent SEC filings for a description
of the Company&#8217;s respective reported financial results. See the section entitled &#8220;<I>Where You Can Find Additional Information</I>.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Air Lease Projections </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The following table sets forth a
summary of the Air Lease Projections for the Company, which information was prepared by Company management and reviewed with the Air Lease Board. The Company authorized J.P. Morgan to use and rely upon the Air Lease Projections for the Company in
connection with its financial analyses and its opinion, as more fully described in the section entitled &#8220;<I>&#8212;Opinion of the Company&#8217;s Financial Advisor</I>.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Air Lease Projections for fiscal years 2025-2028 and subsequent extrapolations for fiscal years 2029-2032 assume an improvement in the interest rate
environment, based on market interest rate expectations / forward interest rate curve as of August 2025, as well as an assumption for current market conditions to persist and do not contemplate any major disruptions in the aviation sector as
discussed in the &#8220;Risk Factors&#8221; set forth in the Company&#8217;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2024. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The revenue projections included in the Air Lease Projections were determined using a <FONT STYLE="white-space:nowrap">bottom-up,</FONT> aircraft level build
using the Company&#8217;s expected delivery schedule. Among other factors, the Air Lease Projections for fiscal years 2025-2028 reflect the Company&#8217;s contracted rental rates for both its existing fleet as well as the placed portion of its
orderbook, and assume that lease rates on lease extensions and unplaced orders are approximately in line with recent placement levels at the time the Air Lease Projections were created, which reflect marked improvement in market conditions since the
<FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic. The Air Lease Projections for fiscal years 2025-2028 also assume the continuation of the robust gain on sale margins that had recently been obtained by the Company, with $1.5&nbsp;billion of
assumed annual aircraft sales at 13% assumed gains. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As they relate to projecting the Company&#8217;s expenses, among other factors, the Air Lease
Projections for fiscal years 2025-2028 assume that the Company&#8217;s current depreciation policies (per GAAP) and debt capital structure remain consistent with past practice, including the continuation of the Company&#8217;s 2.50x adjusted net
debt / equity target. The Air Lease Projections for fiscal years 2025-2028 also assume interest expense on new debt issuances benefit from declining interest rates, reflecting market interest rate expectations as of August 2025, and the Company
maintaining credit spreads at the low end of their last 36 months&#8217; trading range. Additionally, the Air Lease Projections for fiscal years 2025-2028 assume moderate growth in operating expenses after removing any
<FONT STYLE="white-space:nowrap">one-time</FONT> items as well as the continuation of the Company&#8217;s existing preferred equity in its capital structure. Finally, the Air Lease Projections for fiscal year 2025 assume the receipt of
$736&nbsp;million of insurance proceeds, which is nonrecurring in nature. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The extrapolations for fiscal years 2029-2032 were created based on the
assumption that the Company would maintain profitability, as measured by Return on Average Common Equity, or ROACE, at approximately the midpoint of its cost of equity capital range, which represents an assumed increase relative to the
Company&#8217;s projected ROACE of 7.7% in fiscal year 2026 and 8.1% in fiscal year 2027. They also assume the Company continues to invest in its asset base by purchasing incremental aircraft. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">71 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>The following unaudited Air Lease Projections should not be regarded as an indication that the Company
considered, or now considers, it to be necessarily predictive of actual future performance or events, or that it should be construed as financial guidance, and the Air Lease Projections for the Company do not take into account any circumstances or
events occurring after the date it was prepared.</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="40%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Air Lease Projections</B><br>($ in millions)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Projections</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Extrapolation</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2025E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2026E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2027E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2028E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2029E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2030E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2031E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2032E</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Revenues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$3,034&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$3,112&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$3,283&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$3,491&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Net Income to Common<SUP STYLE="font-size:75%; vertical-align:top"> (1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$1,108&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$594&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$648&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$758&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$788&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$806&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$823&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$840&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">After tax Insurance Recovery</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$587&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Adj. Net Income to Common <SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$521&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$594&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$648&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$758&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$788&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$806&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$823&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$840&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Adj. Earnings per Share <SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$4.54&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$5.16&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$5.62&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$6.55&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">NBV of Flight Equipment ($ in billions)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$29.6&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$30.1&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$31.5&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$31.9&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Total Assets ($ in billions)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$33.9&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$34.5&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$36.0&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$36.6&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$37.5&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$38.3&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$39.1&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">$39.9&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Adj. ROACE <SUP STYLE="font-size:75%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">7.7%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">7.7%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">8.1%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">9.3%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">9.4%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">9.4%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">9.4%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">9.4%&#8201;</TD>
<TD NOWRAP VALIGN="top">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:3%;border-bottom:1px solid #000000; width:8%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Net Income to Common defined as net income less preferred stock dividends. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Adjusted Net Income to Common defined as net income attributable to common equity excluding the impact of
Russia insurance proceeds. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Excludes the impact of Russia insurance settlements in 2025E. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Return on Average Common Equity. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_41"></A>Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In considering the recommendation of the Air Lease Board to approve the merger agreement and the merger, stockholders should be aware that the Company&#8217;s
directors and executive officers may have interests in the merger that are different from, or in addition to, the interests of the stockholders generally. The Air Lease Board was aware of these interests and considered them, among other matters, in
evaluating and negotiating the merger agreement and approving the merger agreement and the merger, and in recommending to holders of Class&nbsp;A Common Stock that they vote to approve the Merger Proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">These interests are described in more detail below, and certain of them are quantified in the narrative below, including compensation that may become payable
in connection with the merger to the Company&#8217;s named executive officers (which is the subject of a <FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory vote of Class&nbsp;A </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">72 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Common Stockholders). For more information, please see the section of this proxy statement entitled &#8220;<I>Proposal 2: Approval on a <FONT STYLE="white-space:nowrap">Non-Binding,</FONT>
Advisory Basis of Certain Merger Related Executive Compensation</I>.&#8221; The merger will constitute a &#8220;change in control&#8221; for purposes of the Air Lease executive compensation plans and agreements described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this disclosure, the Company&#8217;s named executive officers are: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">John L. Plueger &#8211; Chief Executive Officer and President </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><FONT STYLE="white-space:nowrap">Steven&nbsp;F.&nbsp;Udvar-H&aacute;zy</FONT> &#8211; Chairman (formerly
Executive Chairman) </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Grant A. Levy &#8211; Executive Vice President </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Carol H. Forsyte &#8211; Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance
Officer </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Gregory B. Willis &#8211; Executive Vice President and Chief Financial Officer </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In accordance with SEC rules, this disclosure also covers individuals who served as executive officers of the Company at any time since January&nbsp;1, 2024
and who have interests in the merger, but who are not named executive officers. For purposes of this disclosure, the Company&#8217;s executive officers who are not named executive officers are: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Alex A. Khatibi, Executive Vice President, Marketing </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Kishore Korde, Executive Vice President, Marketing </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">John D. Poerschke, Executive Vice President of Aircraft Procurement and Specifications </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">David Beker, Executive Vice President, Marketing </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this disclosure, the Company&#8217;s <FONT STYLE="white-space:nowrap">non-employee</FONT> directors are:
<FONT STYLE="white-space:nowrap">Steven&nbsp;F.&nbsp;Udvar-H&aacute;zy,</FONT> Matthew J. Hart, Yvette Hollingsworth Clark, Cheryl Gordon Krongard, Marshall O. Larsen, Susan R. McCaw, Robert A. Milton and Ian M. Saines. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Certain Assumptions </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Except as otherwise specifically
noted, for purposes of quantifying the potential payments and benefits described in this section, the following assumptions were used: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">September&nbsp;30, 2025, which is the latest practicable date prior to this filing, as the assumed date of the
closing of the merger; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a per share merger consideration amount equal to $65.00 per share of Class&nbsp;A Common Stock;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the employment or service of each executive officer is terminated without cause or for good reason (as such terms
are defined in the relevant plans and agreements), in each case, on the assumed closing date of September&nbsp;30, 2025 (such termination, a &#8220;<B>qualifying termination</B>&#8221;); </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">73 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the base salary and annual target bonus of each executive officer remains unchanged from those in place as of
September&nbsp;30, 2025; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">equity-based awards that are outstanding as of September&nbsp;30, 2025 are the equity awards that the Company has
granted to each executive officer through September&nbsp;30, 2025 and no additional equity awards or other long-term incentive awards are granted following September&nbsp;30, 2025; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the value of Company PSUs is based on the achievement of the target level of performance. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The amounts indicated below are estimates based on multiple assumptions that may or may not actually occur or be accurate on the relevant date, including the
assumptions described above, and do not reflect certain compensation actions that may occur before the closing of the merger. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Treatment of Outstanding
Air Lease Equity Awards </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to the merger agreement, at the effective time of the merger, each Air Lease equity award held by an employee
(including an executive officer), will be treated as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company RSU that is vested (but not yet settled) immediately prior to the effective time of the
merger or becomes vested as of the effective time of the merger in accordance with its terms will be converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions,
equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such Company RSU; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company RSU that is not vested immediately prior to the effective time&nbsp;of the merger will
be converted into the contingent right to receive from Parent or the surviving corporation an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger
consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such Company RSU (each, a &#8220;<B>Converted RSU Cash Award</B>&#8221;); and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company PSU that is not vested immediately prior to the effective time of the merger will be
converted into a contingent right to receive from Parent or the surviving corporation an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration
multiplied by the number of shares of Class&nbsp;A Common Stock issuable pursuant to such Company PSU determined based upon the greater of the target level of performance and the actual level of performance calculated as of the latest practicable
date prior to the effective time of the merger (each, a &#8220;<B>Converted PSU Cash Award&#8221;</B>). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each Converted RSU Cash Award
and Converted PSU Cash Award will be subject to the same vesting terms and conditions after the effective time as applied to the corresponding Company RSU and Company PSU, respectively, immediately prior to the effective time of the merger, except
that Converted PSU Cash Awards will not be subject to any performance-based conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The award agreements relating to Company RSUs and Company PSUs
granted to Company employees (including executive officers of the Company) provide for full acceleration of vesting in the event the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">74 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
employee experiences a qualifying termination within twenty-four months following a change in control of the Company. Each Converted RSU Cash Award and Converted PSU Cash Award will be entitled
to the same double trigger termination protection as the corresponding Company RSU and Company PSU. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to the Air Lease <FONT
STYLE="white-space:nowrap">Non-Employee</FONT> Director Compensation Policy, all unvested Company RSUs granted to the Company&#8217;s <FONT STYLE="white-space:nowrap">non-employee</FONT> directors, in their capacity as such, will vest in full if the
<FONT STYLE="white-space:nowrap">non-employee</FONT> director&#8217;s service on the Air Lease Board terminates in connection with the merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Quantification of Air Lease Equity Awards</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">See the
section entitled &#8220;<I>&#8212;Quantification of Potential Payments and Benefits to Air Lease&#8217;s Named Executive Officers in Connection with the Merger</I>&#8221;<B> </B>beginning on page 78 of this proxy statement for an estimate of the
value of unvested Air Lease equity awards held by each of the Company&#8217;s named executive officers. Based on the assumptions described above under &#8220;<I>&#8212;Certain Assumptions</I>&#8221;, the estimated aggregate value of the unvested Air
Lease equity awards held by the Company&#8217;s four executive officers who are not named executive officers is: unvested Company RSUs&#8212;$2,358,915; and unvested Company PSUs&#8212;$10,431,525 if determined based on the achievement of the target
level of performance and $20,863,050 if determined based on the achievement of the maximum level of performance. For each Air Lease <FONT STYLE="white-space:nowrap">non-employee</FONT> director (other than
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy),</FONT> based on the assumptions described above under &#8220;<I>&#8212;Certain Assumptions</I>&#8221;, the estimated value of the unvested Company RSUs held by each such <FONT
STYLE="white-space:nowrap">non-employee</FONT> director (which relate solely to 2025 annual Company RSU grants) is $175,370. All Company RSUs granted to <FONT STYLE="white-space:nowrap">non-employee</FONT> directors (other than <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy)</FONT> prior to 2025 and dividend equivalent rights (if any) held by <FONT STYLE="white-space:nowrap">non-employee</FONT> directors were not included as those were fully vested as of
September&nbsp;30, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In 2025, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> received 2,698 Company RSUs in his capacity as a <FONT
STYLE="white-space:nowrap">non-employee</FONT> director of the Air Lease Board, which as of September&nbsp;30, 2025, remain unvested. Based on the assumptions described above under &#8220;<I>&#8212;Certain Assumptions</I>&#8221;, the estimated value
of such unvested Company RSUs is $175,370. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> also holds Company RSUs that he received in his capacity as an employee of the Company serving as Executive Chairman, which remain eligible
for double-trigger protection in the event his service with the Air Lease Board is terminated without cause following the closing of the merger. See the section entitled &#8220;<I>&#8212;Quantification of Potential Payments and Benefits to Air
Lease&#8217;s Named Executive Officers in Connection with the Merger</I>&#8221;<B> </B>beginning on page 78 of this proxy statement for an estimate of the value of all unvested Air Lease equity awards held by Mr.
<FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For information regarding the number of shares of Class&nbsp;A Common Stock held by the
Company&#8217;s <FONT STYLE="white-space:nowrap">non-employee</FONT> directors and executive officers, see the section entitled &#8220;<I>Security Ownership of Directors, Executive Officers and Certain Beneficial Owners&#8212;Security Ownership of
Certain Beneficial Owners</I>&#8221; beginning on page 122 of this proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Mr.&nbsp;Plueger&#8217;s Severance Agreement </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Mr.&nbsp;Plueger is party to a severance agreement with the Company (the &#8220;<B>Plueger Severance Agreement</B>&#8221;) pursuant to which he will be
entitled to receive the following if he experiences a qualifying termination within twenty-four months following a change in control of the Company, subject to his execution <FONT STYLE="white-space:nowrap">and&nbsp;non-revocation&nbsp;of</FONT> a
release of claims: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum pro rata target annual bonus for the year in which the termination occurs; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">75 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum cash payment equal to three times the sum of his annual salary and target annual bonus for the year in
which the termination occurs; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum cash payment representing the costs of providing him benefits for a period of two years under the
group health plans in which he was participating at the time of termination of employment; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum cash payment equal to two years of premiums for his group term life insurance; and
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">subject to his compliance with certain restrictive covenants, full vesting at the target level of performance for
performance-based equity awards granted during the term of the Plueger Severance Agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For the quantification of
Mr.&nbsp;Plueger&#8217;s severance benefits upon a qualifying termination following the merger, see &#8220;&#8212;<I>Quantification of Potential Payments and Benefits to Air Lease&#8217;s Named Executive Officers in Connection with the
Merger</I>&#8221; beginning on page&nbsp;78 of this proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Air Lease Executive Severance Plan </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each executive officer of the Company (other than Mr.&nbsp;Plueger) participates in the Air Lease Executive Severance Plan (the &#8220;<B>Executive Severance
Plan</B>&#8221;). The Executive Severance Plan provides for enhanced severance benefits in the event that a participant experiences a qualifying termination within twenty-four months following a change in control of the Company. In the event of a
qualifying termination, such executive officers will be entitled to receive the following severance payments and benefits, subject to their execution <FONT STYLE="white-space:nowrap">and&nbsp;non-revocation&nbsp;of</FONT> a release of claims and
compliance with the restrictive covenants set forth in the Executive Severance Plan: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum pro rata target annual bonus for the year in which the termination occurs; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">full vesting of any outstanding deferred bonus awards granted under the Company&#8217;s Amended and Restated
Deferred Bonus Plan (the &#8220;<B>Deferred Bonus Plan</B>&#8221;); </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum cash payment equal to two times the sum of the executive officer&#8217;s annual salary in effect as of
the date of termination and target annual bonus for the calendar year in which the termination occurs; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a lump sum cash payment in an amount equal to the COBRA costs of providing benefits for two years under the group
health plans in which the executive officer was participating at the time of termination of employment; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">full vesting at target level of performance for outstanding performance-based equity awards for any open
performance periods; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">full vesting for outstanding time-based equity awards. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">See the section entitled &#8220;<I>&#8212;Quantification of Potential Payments and Benefits to Air Lease&#8217;s Named Executive Officers in Connection with
the Merger</I>&#8221; beginning on page 78 of this proxy statement for the estimated amounts that each of the Company&#8217;s named executive officers would receive under the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">76 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Executive Severance Plan upon a qualifying termination following the merger. Based on the assumptions described above under &#8220;&#8212;<I>Certain Assumptions</I>&#8221;, the estimated
aggregate amount of the cash severance payments that the Company&#8217;s four executive officers who are not named executive officers would receive under Executive Severance Plan upon a qualifying termination following the merger is $15,375,000. No
executive officer has received an award under the Deferred Bonus Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Agreements with Acquiror Following the Merger </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As of the date of this proxy statement, none of the Company&#8217;s executive officers has entered into any new agreement, arrangement or understanding with
Parent or any of its affiliates regarding the terms and conditions of compensation, incentive pay or employment with the Company after the merger. Although no agreements have been entered into at this time with any of the Company&#8217;s executive
officers, prior to or following the closing of the merger, they may enter into new agreements and/or amendments to existing employment or compensation arrangements with Parent or one of its affiliates regarding their employment with the surviving
corporation or any of its affiliates after the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>280G Mitigation Actions </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Executive Severance Plan and the Plueger Severance Agreement contain &#8220;best net&#8221; cutback provisions, pursuant to which if any of severance
benefits under such arrangements constitute &#8220;parachute payments&#8221; within the meaning of Section&nbsp;280G of the Code and would be subject to the excise tax imposed by Section&nbsp;4999 of the Code (the &#8220;<B>Excise Tax</B>&#8221;)
such severance benefits will either be (i)&nbsp;provided in full or (ii)&nbsp;reduced so that no portion of such severance benefits are subject to the Excise Tax, whichever of the foregoing amounts results in the greater amount of severance benefits
on <FONT STYLE="white-space:nowrap">an&nbsp;after-tax&nbsp;basis,</FONT> notwithstanding that all or some portion of such benefits may be subject to the Excise Tax. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition, prior to the closing of the merger, the Company will, in consultation with Parent, review and, if possible, implement measures intended to
mitigate potential tax liabilities under Sections 280G and 4999 of the Code. However, no executive officer will be provided <FONT STYLE="white-space:nowrap">any&nbsp;gross-up&nbsp;payment,</FONT> indemnification or reimbursement for any taxes
imposed under Section&nbsp;4999 of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Annual Bonuses </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">With respect to the Company&#8217;s annual bonus plan (the &#8220;<B>Annual Bonus Plan</B>&#8221;), for the calendar year in which the closing occurs, Parent
will, or will cause the surviving corporation or their respective affiliates to, pay to each Air Lease employee who remains employed with Parent, the surviving corporation or their respective affiliates through the closing, such employee&#8217;s
target annual bonus (i)&nbsp;prorated based on the number of days elapsed during the period commencing on the first day of such calendar year and ending on the closing date, (ii)&nbsp;payable solely in the form of cash and (iii)&nbsp;payable within
10 days following the closing date (the &#8220;<B>Closing Year Annual Bonus</B>&#8221;). If the closing occurs in calendar year 2025, the Closing Year Annual Bonus will be determined based upon the greater of target performance and the actual level
of performance, extrapolated through the end of the calendar year based on actual performance through the closing date, as determined by the Leadership Development and Compensation Committee of the Air Lease Board prior to the closing (in
consultation with Parent) and the Closing Year Annual Bonus will not be subject to proration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Any Air Lease employee who is covered under a severance
arrangement must, as a condition of receiving the Closing Year Annual Bonus, execute a written agreement (in form and substance </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">77 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
reasonably acceptable to Parent) that the Closing Year Annual Bonus will reduce, on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis, any
pro rata annual bonus obligations due for the year of closing under such severance arrangement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Indemnification and Insurance </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to the terms of the merger agreement, from and after the closing, the surviving corporation will indemnify certain persons, including the
Company&#8217;s directors and executive officers. In addition, for a period of six years from the closing, the surviving corporation will maintain insurance policies for the benefit of certain persons, including the Company&#8217;s directors and
executive officers. For additional information, see &#8220;<I>The Merger Agreement&#8212;Other Covenants and Agreements&#8212;Directors&#8217; and Officers&#8217; Indemnification&#8221;</I> beginning on page 112 of this proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Quantification of Potential Payments and Benefits to Air Lease&#8217;s Named Executive Officers in Connection with the Merger </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The information set forth below is required by Item 402(t) of <FONT STYLE="white-space:nowrap">Regulation&nbsp;S-K&nbsp;regarding</FONT> compensation that is
based on or otherwise relates to the merger that the Company&#8217;s named executive officers could receive in connection with the merger. For additional details regarding the terms of the payments and benefits described below, see the discussion
under the caption &#8220;<I>Interests of Air Lease&#8217;s Directors and Executive </I><I>Officers in the Merger</I>&#8221; above. Such amounts have been calculated based on the assumptions described above under &#8220;&#8212;<I>Certain
Assumptions</I>&#8221; and assuming (i)&nbsp;the golden parachute rules under Section&nbsp;280G of the Code do not limit the payments to the named executive officers pursuant to the &#8220;best net&#8221; provision described above, (ii)&nbsp;there
is no reduction with respect to the Closing Year Annual Bonus received by the named executive officers as described above under &#8220;&#8211;<I>Annual Bonuses</I>&#8221;, and (iii)&nbsp;each of the named executive officer has properly executed any
required releases and complied with all requirements (including any applicable restrictive covenants) necessary in order to receive all payments and benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The amounts shown in the table below are estimates of the payments and benefits (on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis) that each of the
Air Lease named executive officers would receive based on multiple assumptions that may or may not actually occur or be accurate on the relevant date, including the assumptions described above under &#8220;&#8212;<I>Certain Assumptions</I>&#8221;
and in the footnotes to the table, and do not reflect certain compensation actions that may occur before the closing of the merger. In addition, these amounts do not attempt to forecast any additional long-term incentive awards or issuances or
forfeitures that may occur prior to the closing of the merger. As a result of the aforementioned assumptions, which may or may not actually occur or be accurate on the relevant date, the actual amounts, if any, to be received by a named executive
officer may materially differ from the amounts set forth below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:11pt; font-family:Times New Roman; "><B>Name&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;
</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Cash<BR>Severance<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Equity<BR>Acceleration<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Perquisites/<BR>Benefits<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John L. Plueger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$11,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$20,310,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$123,573</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$31,434,448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Steven&nbsp;F.&nbsp;Udvar-H&aacute;zy</FONT><SUP
STYLE="font-size:75%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8212;&#8199;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$17,645,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8212;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$17,645,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Grant A. Levy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,045,925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$162,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$8,708,819</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol H. Forsyte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,375,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,067,895</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$162,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$8,605,789</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory B. Willis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,325,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$3,929,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$162,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$8,417,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">78 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:32%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><I>Cash Severance</I>: The amounts in this column are &#8220;double-trigger&#8221; payments as they will only
become payable in the event of a qualifying termination on or following the closing of the merger. The following provides a summary of the cash severance amounts: </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="85%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="30%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:11pt; font-family:Times New Roman; "><B>Name&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:11pt; font-family:Times New Roman; " ALIGN="center"><B>&#8194;Cash&nbsp;Severance<SUP
STYLE="font-size:75%; vertical-align:top">(a)</SUP>&#8194;</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:11pt; font-family:Times New Roman; " ALIGN="center"><B>Prorated&nbsp;Target<BR>&#8194;Annual&nbsp;Bonus<SUP
STYLE="font-size:75%; vertical-align:top">(b)</SUP>&#8194;</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John L. Plueger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$9,000,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$2,000,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$11,000,000&#8194;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Steven&nbsp;F.&nbsp;Udvar-H&aacute;zy</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8212;&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8212;&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8212;&#8194;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Grant A. Levy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,600,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$900,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$4,500,000&#8194;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol H. Forsyte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,500,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$875,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$4,375,000&#8194;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory B. Willis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,460,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$865,000&#8195;&#8195;&#8195;&#8195;&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$4,325,000&#8194;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:8%;border-bottom:1.00pt solid #000000; width:32%">&nbsp;</DIV>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The amounts in this column for each named executive officer consist of an aggregate amount equal to the product
of 2.0 times (or 3.0 times for Mr.&nbsp;Plueger) of the sum of (i)&nbsp;the named executive officer&#8217;s annual base salary as of the date of the qualifying termination and (ii)&nbsp;the named executive officer&#8217;s target annual bonus for the
year in which the qualifying termination occurs. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The amount in this column for each named executive officer represents the named executive officer&#8217;s pro
rata target annual bonus for the year in which the qualifying termination occurs. These amounts assume that there is no proration on the target annual bonuses for the year in which the qualifying termination occurs based on the assumed closing date
of September&nbsp;30, 2025. See &#8220;&#8212; <I>Annual Bonuses</I>&#8221; above for more information. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><I>Equity Acceleration</I>: As described above in &#8220;&#8212;<I>Treatment of Outstanding Air Lease Equity
Awards</I>,&#8221; each unvested Company RSU Award and Company PSU held by our named executive officers will be converted into a Converted RSU Cash Award or Converted PSU Cash Award based on the per share merger consideration at the closing. The
resulting Converted RSU Cash Awards and Converted PSU Cash Awards will be subject to the same terms and conditions (other than performance conditions) that applied to the Company RSUs and Company PSUs prior to the closing. Thus, upon a qualifying
termination at the closing of the merger assuming that the merger occurs on September&nbsp;30, 2025, each Converted RSU Cash Award and Converted PSU Cash Award held by the named executive officers will fully vest. The amounts in this column are
&#8220;double-trigger&#8221; payments as they will only become payable in the event of a qualifying termination on or following the closing of the merger. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Company RSUs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Company
PSUs</B><SUP STYLE="font-size:75%; vertical-align:top"></SUP><FONT STYLE="font-size:7pt"><SUP STYLE="font-size:75%; vertical-align:top">(a)<B></B></SUP><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Shares&nbsp;(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Shares&nbsp;(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B><br><B>Value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John L. Plueger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">55,998</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,639,870</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">256,477</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$16,671,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$20,310,875&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Steven&nbsp;F.&nbsp;Udvar-H&aacute;zy</FONT><SUP
STYLE="font-size:75%; vertical-align:top">(b)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">153,698</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$9,990,370</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">117,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$7,655,310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$17,645,680&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol H. Forsyte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$744,575</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">50,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,301,350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,045,925&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Grant A. Levy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$733,850</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">51,293</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,334,045</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$4,067,895&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory B. Willis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,077</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$720,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">49,380</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">$3,209,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">$3,929,705&#8195;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The value of the Company PSUs in this column is based on the achievement of the target level of performance. At
the maximum level of performance, the value of the Company PSUs </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">79 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
would be as follows: (i)&nbsp;Mr.&nbsp;Plueger, $33,342,010, (ii) <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> $15,310,620, (iii) Ms.&nbsp;Forsyte, $6,602,700, (iv)
Mr.&nbsp;Levy, $6,668,090 and (v)&nbsp;Mr.&nbsp;Willis, $6,419,400. As noted above, the level of achievement of the Company PSUs will be determined based upon the greater of the target level of performance and the actual level of performance
calculated as of the latest practicable date prior to the effective time of the merger. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">For <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy,</FONT> the number of his Company RSUs includes
2,698 Company RSUs that he received in 2025 in his capacity as a <FONT STYLE="white-space:nowrap">non-employee</FONT> director. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><I>Perquisite / Benefits</I>: For Mr.&nbsp;Plueger, the amount in this column represents (i)&nbsp;a lump sum
cash payment representing the costs of providing him benefits under the group health plans in which he was participating at the time of termination of employment for a period of two years ($113,541) and (ii)&nbsp;a lump sum cash payment of the
premiums for his group term life insurance for a period of two years ($10,896) (see &#8220;&#8212;<I>Mr.</I><I></I><I>&nbsp;Plueger&#8217;s Severance Agreement</I>&#8221; above). For each other named executive officer (other than <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy),</FONT> the amount in this column represents a lump sum cash payment in an amount equal to the COBRA costs of providing benefits under the group health plans in which the executive officer was
participating at the time of termination of employment for two years (see &#8220;&#8212;<I>Air Lease Executive Severance Plan</I>&#8221; above). These amounts are &#8220;double-trigger&#8221; payments as they will only become payable in the event of
a qualifying termination on or following the closing of the merger. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">On May&nbsp;2, 2025, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> retired from his
executive role serving as Executive Chairman of the Company and, as of such date, became a <FONT STYLE="white-space:nowrap">non-employee</FONT> director serving as Chairman of the Air Lease Board. In connection with
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy&#8217;s</FONT> retirement as Executive Chairman, he became eligible to receive certain cash severance payments and benefits pursuant to a previously disclosed letter agreement entered into
between him and the Company, dated March&nbsp;13, 2025. Such cash severance payments and benefits are not related to the merger and therefore are not included in this table. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_42"></A>Financing </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Equity Financing
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to the&nbsp;Equity Commitment Letters, the Investors have committed to invest up to an aggregate amount of $5,404,613,000 in equity
securities of Parent, to fund all amounts required to pay the merger consideration and all related fees, costs and expenses incurred by Parent in connection with, or upon the consummation of, the merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Funding of the equity commitment by the Investors is subject to the satisfaction of the following conditions: (i)&nbsp;terms, conditions and limitations set
forth in the&nbsp;Equity Commitment Letters, which includes the satisfaction or waiver of each of the conditions to Parent&#8217;s and Merger Sub&#8217;s obligations to effect the closing under the merger agreement (other than any conditions that by
their nature are to be satisfied at the closing, but subject to the prior or substantially concurrent satisfaction or waiver of such conditions), and (ii)&nbsp;the substantially simultaneous occurrence of (x)&nbsp;the closing and (y)&nbsp;the
funding of the other equity commitments in accordance with the terms of the other Equity Commitment Letters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligation of the Investors to fund the
equity financing will terminate on the earliest to occur of (i)&nbsp;the closing of the merger, (ii)&nbsp;the valid termination of the merger agreement or one or more of the other Equity Commitment Letters (other than as a result of the funding of
the other equity </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">80 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
commitments pursuant to the other Equity Commitment Letters), (iii) the Company or any of its representatives claiming by, through or for the benefit of any of the foregoing, accepting payment in
full from an Investor or any other Investor under the Limited Guarantees in respect of the obligations therein; (iv)&nbsp;the Investors contributing to Parent cash in an aggregate amount equal to or exceeding the equity commitment; (v)&nbsp;the 60<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> day following the termination of the merger agreement by Parent in accordance with the terms of the merger agreement, unless under certain circumstances set forth in the equity commitment letters;
(vi)&nbsp;the Company or any representative (acting in such capacity and on behalf of the Company) commencing litigation or other proceeding against an Investor or any other <FONT STYLE="white-space:nowrap">non-recourse</FONT> party in connection
with the Equity Commitment Letters, the Limited Guarantees, the merger agreement or any of the transactions contemplated thereby, other than the permitted claims set forth in the Equity Commitment Letter; (vii)&nbsp;the commencement of litigation or
other proceeding by the Company or any representative (acting in such capacity and on behalf of the Company) relating to the limitation of liability of the Investors or Guarantors as set forth in the Equity Commitment Letters; provided, that in the
cases of (vi)&nbsp;and (vii), the obligations of the Investors will not be terminated unless the breach is not cured within ten (10)&nbsp;days after written notice by Investor notifying the Company of such breach. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Debt Financing </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent intends to finance the merger and
the related transactions with a combination of (a)&nbsp;one or more issuances of senior unsecured debt securities, (b)&nbsp;the borrowing of term loans under a senior unsecured term loan facility (the &#8220;<B>Term Loan Facility</B>&#8221;), (c)
obtaining consents (&#8220;<B>Change of Control Consents</B>&#8221;) under certain existing indebtedness of the Company so as to permit such indebtedness to remain outstanding following the closing of the merger and/or (d)&nbsp;borrowing under the
Bridge Facility (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent entered into the Debt Commitment Letter, dated as of September&nbsp;1, 2025, with Sumitomo Mitsui Banking
Corporation, Citigroup Global Markets Inc. and Goldman Sachs Bank USA, pursuant to which such financial institutions committed to provide (i)&nbsp;a <FONT STYLE="white-space:nowrap">364-day</FONT> senior unsecured bridge loan facility in an
aggregate principal amount of up to $8,600,000,000 (the &#8220;<B>Bridge Facility</B>&#8221;) and (ii)&nbsp;a <FONT STYLE="white-space:nowrap">3-year</FONT> $3,500,000,000 revolving credit facility, in each case in connection with the merger. The
funding of the Bridge Facility provided for in the Debt Commitment Letter is subject to customary conditions, including consummation of the merger pursuant to the terms of the merger agreement, the absence of a Company Material Adverse Effect (as
defined below), delivery of certain financial statements with respect to the Company, payment of fees and expenses, delivery of customary closing documentation, accuracy of certain customary representations and warranties, the absence of a payment
or bankruptcy event of default with respect to the borrower under the Bridge Facility and the refinancing of existing indebtedness of the Company for which Change of Control Consents are not obtained and that is not otherwise permitted to survive
the merger. Additionally, the Bridge Facility includes customary commitment reductions in the amount of qualified term loan commitments and net proceeds of certain debt and equity issuances and asset sales and in the amount of existing indebtedness
of the Company for which Change of Control Consents are successfully obtained. On September&nbsp;26, 2025, (i) Parent entered into a commitment letter for the Term Loan Facility (the &#8220;<B>Term Loan Commitment Letter</B>&#8221;), pursuant to
which a syndicate of banks and financial institutions committed to provide, subject to the satisfaction or waiver of the conditions set forth in the commitment letter (which are substantially the same as those applicable to the Bridge Facility), a
$1,000,000,000 unsecured term loan facility maturing 18 months after the term loans thereunder are borrowed and (ii)&nbsp;Parent entered into a joinder agreement with respect to the Debt Commitment Letter,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">81 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
pursuant to which commitments under the Bridge Facility were allocated to a syndicate of banks and financial institutions. As a result of entry into the Term Loan Commitment Letter, the Bridge
Facility commitments were reduced by a corresponding amount. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The completion of the merger is not subject to any financing condition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_43"></A>Limited Guarantees </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant
to the Limited Guarantees, Sumitomo and SMBC AC have severally (and not jointly and severally) guaranteed the due and punctual performance and discharge of (a)&nbsp;Parent&#8217;s payment obligations in respect of the Parent regulatory termination
fee and recovery expenses with respect to such regulatory termination fee pursuant to the merger agreement, (b)&nbsp;the reimbursement and indemnification obligations of Parent pursuant to the merger agreement and (c)&nbsp;following any termination
of the merger agreement, monetary damages payable by Parent or Merger Sub in accordance with the merger agreement for willful breach of the merger agreement by Parent or Merger Sub, in each case when and only if those obligations become payable
under the merger agreement (collectively, the &#8220;<B>Guaranteed Obligations</B>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligations of Sumitomo and SMBC AC under the Limited
Guarantees are several and not joint and several. Sumitomo shall be liable for 75.01% of any amount payable by Sumitomo and SMBC AC under the Limited Guarantees, and SMBC AC shall be liable for 24.99% of any amount payable by Sumitomo and SMBC AC
under the Limited Guarantees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Limited Guarantees are binding on Sumitomo and SMBC AC until the Guaranteed Obligations have been indefeasibly paid in
full. The Limited Guarantees shall automatically and immediately terminate and Sumitomo and SMBC AC shall have no further obligations under their respective Limited Guarantees as of the earliest to occur of: (i)&nbsp;the consummation of the closing
of the merger; (ii)&nbsp;the payment in full to the guaranteed party of the Guaranteed Obligations; (iii)&nbsp;the valid termination of the merger agreement pursuant to the terms of the merger agreement or in circumstances where no payment is due in
respect of any Guaranteed Obligations; (iv)&nbsp;termination of the Limited Guarantee by mutual written consent of the guarantor and the guaranteed party; (v)&nbsp;subject to clause (iii), 60 days following the termination of the merger agreement in
accordance with the terms of the merger agreement, unless the guaranteed party has commenced litigation against the guarantor under and pursuant to the respective Limited Guarantee prior to the expiration such
<FONT STYLE="white-space:nowrap">60-day</FONT> period, in which case such guarantee will terminate upon the final, non appealable resolution of such action and satisfaction by the guarantor of any obligations finally determined or agreed to be owed
by the guarantor consistent with terms of the Limited Guarantees and (vi)&nbsp;termination of the other Limited Guarantee (other than as a result of the amounts due under such other guarantee being paid in full). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_44"></A>Voting Agreement </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As a
condition to Parent&#8217;s willingness to enter into the merger agreement and to proceed with the transactions contemplated thereby, including the merger, the Company&#8217;s directors as well as executive officers Gregory Willis and Carol Forsyte
entered into a voting agreement with Parent on September&nbsp;1, 2025. As of October&nbsp;10, 2025, there were 111,765,032 shares of issued and outstanding Class&nbsp;A Common Stock, and the stockholders party to the voting agreement beneficially
owned in the aggregate 6,895,945 shares of issued and outstanding Class&nbsp;A Common Stock, representing approximately 6.17% of the issued and outstanding Class&nbsp;A Common Stock. The terms and conditions of the voting agreement will apply to any
Class&nbsp;A Common Stock owned and acquired by any of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">82 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
stockholders party to the voting agreement during the &#8220;voting period&#8221; from September&nbsp;1, 2025, through the termination of the voting agreement. However, the aggregate number of
shares of Class&nbsp;A Common Stock subject to the voting agreement is limited to 4.99% of the issued and outstanding shares of Class&nbsp;A Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For more information, see &#8220;<I>Voting Agreement</I>&#8221; beginning on page&nbsp;120. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_45"></A>Anticipated Accounting Treatment of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company, as the surviving corporation in the merger, may account for the merger as a business combination using the purchase method of accounting for
financial accounting purposes, whereby the estimated purchase price would be allocated to the assets and liabilities of the Company based on their relative fair values following FASB Accounting Standards Codification Topic 805, Business
Combinations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_46"></A>Appraisal Rights </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the merger is consummated, our Class&nbsp;A Common Stockholders who (1)&nbsp;do not vote in favor of the adoption of the merger agreement (whether by
voting against the adoption of the merger agreement, abstaining or otherwise not voting with respect to the adoption of the merger agreement), (2) properly demand an appraisal of their applicable shares of our Class&nbsp;A Common Stock prior to the
vote on the adoption of the merger agreement, (3)&nbsp;continuously hold (in the case of holders of record who own in their own name) or continuously own (in the case of beneficial owners) their applicable shares through the effective time of the
merger, (4)&nbsp;otherwise comply with the procedures of Section&nbsp;262 of the DGCL (&#8220;<B>Section</B><B></B><B>&nbsp;262</B>&#8221;), including by satisfying certain ownership thresholds set forth therein, and (5)&nbsp;do not withdraw their
demands or otherwise lose their rights to appraisal may, subject to the conditions of Section&nbsp;262, seek appraisal of their shares of Class&nbsp;A Common Stock in connection with the merger under Section&nbsp;262. Unless the context requires
otherwise, all references in Section&nbsp;262 and in this summary to a &#8220;stockholder&#8221; or to a &#8220;holder of shares&#8221; are to a record holder of our Class&nbsp;A Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The following discussion is not a complete statement of the law pertaining to appraisal rights under the DGCL and is qualified in its entirety by the full
text of Section&nbsp;262, which is attached to this proxy statement as Annex D and incorporated into this proxy statement by reference. The following summary does not constitute any legal or other advice and does not constitute a recommendation that
our stockholders exercise their appraisal rights under Section&nbsp;262. Only a holder of record of shares of Class&nbsp;A Common Stock is entitled to demand appraisal of the shares registered in that holder&#8217;s name. A person having a
beneficial interest in shares of our Class&nbsp;A Common Stock held of record in the name of another person, such as a bank, broker or other nominee, must act promptly to cause the record holder to demand an appraisal of such holder&#8217;s shares.
If you hold your shares of our Class&nbsp;A Common Stock through a bank, broker or other nominee and you wish to exercise appraisal rights, you should consult with your bank, broker or the other nominee to ensure that appraisal rights are exercised.
Stockholders should carefully review the full text of Section&nbsp;262 as well as the information discussed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under Section&nbsp;262, if the merger
is completed, holders of record of shares of Class&nbsp;A Common Stock who (1)&nbsp;submit a written demand for appraisal of such stockholder&#8217;s shares to the Company prior to the vote on the adoption of the merger agreement; (2)&nbsp;do not
vote in favor of the adoption of the merger agreement (whether by voting against the adoption of the merger agreement, abstaining or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">83 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
otherwise not voting with respect to the adoption of the merger agreement); and (3)&nbsp;continuously are the record holders of such shares through the effective time of the merger may be
entitled to have their shares of our Class&nbsp;A Common Stock appraised by the Delaware Court of Chancery and to receive payment in cash of the &#8220;fair value&#8221; of the shares of our Class&nbsp;A Common Stock, exclusive of any element of
value arising from the accomplishment or expectation of the merger, together with (unless the Delaware Court of Chancery in its discretion determines otherwise for good cause shown) interest on the amount determined by the Delaware Court of Chancery
to be fair value from the effective date of the merger through the date of payment of the judgment. However, after an appraisal petition has been filed, the Delaware Court of Chancery, at a hearing to determine stockholders entitled to appraisal
rights, will dismiss appraisal proceedings as to all of our stockholders who asserted appraisal rights unless (1)&nbsp;the total number of shares of our Class&nbsp;A Common Stock entitled to appraisal exceeds one percent of the outstanding shares of
our Class&nbsp;A Common Stock as measured in accordance with subsection (g)&nbsp;of Section&nbsp;262; or (2)&nbsp;the value of the merger consideration in respect of such shares exceeds $1&nbsp;million. We refer to these conditions as the
&#8220;ownership thresholds.&#8221; Unless the Delaware Court of Chancery, in its discretion, determines otherwise for good cause shown, interest on an appraisal award will accrue and compound quarterly from the effective time of the merger through
the date the judgment is paid at five percent over the Federal Reserve discount rate (including any surcharge) as established from time to time during such period (except that, if at any time before the entry of judgment in the proceeding, the
surviving corporation makes a voluntary cash payment to each stockholder entitled to appraisal, interest will accrue thereafter only upon the sum of (1)&nbsp;the difference, if any, between the amount so paid and the fair value of the shares as
determined by the Delaware Court of Chancery; and (2)&nbsp;interest theretofore accrued, unless paid at that time). The surviving corporation is under no obligation to make such voluntary cash payment prior to such entry of judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under Section&nbsp;262, where a merger agreement is to be submitted for adoption at a meeting of stockholders, the corporation, not less than 20 days prior to
the meeting, must notify each of its stockholders of record as of the Record Date for notice of such meeting that appraisal rights are available and include in the notice a copy of Section&nbsp;262. This proxy statement constitutes the
Company&#8217;s notice to our stockholders that appraisal rights are available in connection with the merger, and the full text of Section&nbsp;262 is attached to this proxy statement as Annex D. In connection with the merger, any holder of shares
of our Class&nbsp;A Common Stock who wishes to exercise appraisal rights, or who wishes to preserve such holder&#8217;s right to do so, should review Annex D carefully. Failure to strictly comply with the requirements of Section&nbsp;262 in a timely
and proper manner may result in the loss of appraisal rights under the DGCL. A stockholder who loses his, her or its appraisal rights will be entitled to receive the per share price described in the merger agreement without interest and less any
applicable withholding taxes. Because of the complexity of the procedures for exercising the right to seek appraisal of shares of our Class&nbsp;A Common Stock, the Company believes that if a stockholder is considering exercising such rights, that
stockholder should seek the advice of legal counsel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Stockholders wishing to exercise the right to seek an appraisal of their shares of Class&nbsp;A
Common Stock must do ALL of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the stockholder must not vote in favor of the proposal to adopt the merger agreement; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the stockholder must deliver to the Company a written demand for appraisal before the vote on the merger
agreement at the special meeting; and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">84 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the stockholder must continuously hold the shares from the date of making the demand through the effective time
of the merger (a stockholder will lose appraisal rights if the stockholder transfers the shares before the effective time of the merger). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition, after an appraisal petition has been filed, the Delaware Court of Chancery, at a hearing to determine stockholders entitled to appraisal rights,
will dismiss appraisal proceedings as to all of our stockholders who asserted appraisal rights unless one of the ownership thresholds is met. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Because a
proxy that does not contain voting instructions will, unless revoked, be voted in favor of the adoption of the merger agreement, each of our stockholders who votes by proxy and who wishes to exercise appraisal rights must vote against the adoption
of the merger agreement or abstain with respect to such proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Filing Written Demand </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">A stockholder wishing to exercise appraisal rights must deliver to the Company, before the vote on the adoption of the merger agreement at the special
meeting, a written demand for the appraisal of such stockholder&#8217;s shares. In addition, that stockholder must not vote or submit a proxy in favor of the adoption of the merger agreement. A vote in favor of the adoption of the merger agreement,
in person at the special meeting or by proxy (whether by mail or via the internet or telephone), will constitute a waiver of appraisal rights in respect of the shares so voted and will nullify any previously filed written demands for appraisal. A
stockholder exercising appraisal rights must hold of record the shares on the date the written demand for appraisal is made and must continue to hold the shares of record through the effective time of the merger. Neither voting (in person or by
proxy) against the adoption of the merger agreement nor abstaining from voting or failing to vote on the proposal to adopt the merger agreement will, in and of itself, constitute a written demand for appraisal satisfying the requirements of
Section&nbsp;262. The written demand for appraisal must be in addition to and separate from any proxy or vote on the adoption of the merger agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Only a holder of record of shares of our Class&nbsp;A Common Stock is entitled to demand appraisal rights for the shares registered in that holder&#8217;s
name. A demand for appraisal in respect of shares of our Class&nbsp;A Common Stock should be executed by or on behalf of the holder of record and must reasonably inform the Company of the identity of the holder and that the stockholder intends
thereby to demand an appraisal of such stockholder&#8217;s shares. If the shares are owned of record in the name of another person, such as a broker, fiduciary, depositary or other nominee, such demand must be executed by or on behalf of the record
owner, and if such shares are owned of record by more than one person, as in a joint tenancy or tenancy in common, the demand should be executed by or on behalf of all joint owners. An authorized agent, including an authorized agent for two or more
joint owners, may execute a demand for appraisal on behalf of a holder of record; however, the agent must identify the record owner or owners and expressly disclose that, in executing the demand, the agent is acting as agent for the record owner or
owners. If a stockholder holds shares of our Class&nbsp;A Common Stock through a broker who in turn holds the shares through a central securities depository nominee such as Cede&nbsp;&amp; Co., a demand for appraisal of such shares must be made by
or on behalf of the depository nominee and must identify the depository nominee as record holder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">STOCKHOLDERS WHO HOLD THEIR SHARES IN &#8220;STREET
NAME&#8221; BY A BANK, BROKER, TRUST OR OTHER NOMINEE AND WHO WISH TO EXERCISE APPRAISAL RIGHTS SHOULD CONSULT WITH THEIR BANK, BROKER, TRUST OR OTHER NOMINEE, AS </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">85 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
APPLICABLE, TO DETERMINE THE APPROPRIATE PROCEDURES FOR THE BANK, BROKER, TRUST OR OTHER NOMINEE TO MAKE A DEMAND FOR APPRAISAL OF THOSE SHARES. A PERSON HAVING A BENEFICIAL INTEREST IN SHARES
HELD OF RECORD IN THE NAME OF ANOTHER PERSON, SUCH AS A BANK, BROKER, TRUST OR OTHER NOMINEE, MUST ACT PROMPTLY TO CAUSE THE RECORD HOLDER TO FOLLOW PROPERLY AND IN A TIMELY MANNER THE STEPS NECESSARY TO PERFECT APPRAISAL RIGHTS. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">All written demands for appraisal pursuant to Section&nbsp;262 should be mailed or delivered to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Air Lease Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">2000 Avenue
of the Stars, Suite 1000N </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Los Angeles, California 90067 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Attention: Corporate Secretary </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At any time
within 60 days after the effective date of the merger, any holder of shares of our Class&nbsp;A Common Stock who has not commenced an appraisal proceeding or joined that proceeding as a named party may withdraw his, her or its demand for appraisal
and accept the per share price offered pursuant to the merger agreement, without interest and less any applicable withholding taxes, by delivering to the Company, as the surviving corporation, a written withdrawal of the demand for appraisal.
However, any such attempt to withdraw the demand made more than 60 days after the effective time of the merger will require written approval of the surviving corporation. Notwithstanding the foregoing, no appraisal proceeding in the Delaware Court
of Chancery will be dismissed as to any stockholder without the approval of the Delaware Court of Chancery, and such approval may be conditioned upon such terms as the Delaware Court of Chancery deems just; provided, however, that this will not
affect the right of any stockholder who has not commenced an appraisal proceeding or joined that proceeding as a named party to withdraw such stockholder&#8217;s demand for appraisal and to accept the merger consideration within 60 days after the
effective time of the merger. If the Company, as the surviving corporation, does not approve a request to withdraw a demand for appraisal when that approval is required, or, except with respect to any stockholder who withdraws such
stockholder&#8217;s demand in accordance with the proviso in the immediately preceding sentence, if the Delaware Court of Chancery does not approve the dismissal of an appraisal proceeding with respect to a stockholder, the stockholder will be
entitled to receive only the appraised value determined in any such appraisal proceeding, which value could be less than, equal to or more than the per share price being offered pursuant to the merger agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Notice by the Surviving Corporation </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the merger is
completed, within 10 days after the effective time of the merger, the surviving corporation will notify each record holder of shares of Class&nbsp;A Common Stock who has properly made a written demand for appraisal pursuant to Section&nbsp;262, and
who has not voted in favor of the adoption of the merger agreement, that the merger has become effective and the effective date thereof. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Filing a
Petition for Appraisal </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Within 120 days after the effective time of the merger, but not thereafter, the surviving corporation or any holder of shares
of our Class&nbsp;A Common Stock who has complied with Section&nbsp;262 and is entitled to appraisal rights under Section&nbsp;262 (or a beneficial owner in the circumstances described in the next </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">86 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
paragraph) may commence an appraisal proceeding by filing a petition in the Delaware Court of Chancery, with a copy served on the surviving corporation in the case of a petition filed by a
stockholder, demanding a determination of the fair value of the shares held by all dissenting stockholders entitled to appraisal. The surviving corporation is under no obligation, and has no present intention, to file a petition, and stockholders
should not assume that the surviving corporation will file a petition or initiate any negotiations with respect to the fair value of the shares of our Class&nbsp;A Common Stock. Accordingly, any holders of shares of our Class&nbsp;A Common Stock who
desire to have their shares appraised should initiate all necessary action to perfect their appraisal rights in respect of their shares of our Class&nbsp;A Common Stock within the time and in the manner prescribed in Section&nbsp;262. If no petition
for appraisal is filed with the Delaware Court of Chancery within 120 days after the effective time of the merger, stockholders&#8217; rights to appraisal shall cease, and all holders of shares of our Class&nbsp;A Common Stock will be entitled to
receive the consideration offered pursuant to the merger agreement, without interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Within 120 days after the effective time of the merger, any holder
of shares of Class&nbsp;A Common Stock who has complied with the requirements for an appraisal of such holder&#8217;s shares pursuant to Section&nbsp;262 will be entitled, upon written request, to receive from the surviving corporation a statement
setting forth the aggregate number of shares not voted in favor of the adoption of the merger agreement and with respect to which the Company has received demands for appraisal, and the aggregate number of holders of such shares. The surviving
corporation must send this statement to the requesting stockholder within 10 days after receipt by the surviving corporation of the written request for such a statement or within 10 days after the expiration of the period for delivery of demands for
appraisal, whichever is later. A beneficial owner of shares of Class&nbsp;A Common Stock held either in a voting trust or by a nominee on behalf of such person may, in such person&#8217;s own name, file a petition seeking appraisal or request from
the surviving corporation the foregoing statements. As noted above, however, the demand for appraisal can only be made by a stockholder of record. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If a
petition for an appraisal is duly filed by a holder of shares of Class&nbsp;A Common Stock and a copy thereof is served upon the surviving corporation, the surviving corporation will then be obligated within 20 days after such service to file with
the Delaware Register in Chancery a duly verified list containing the names and addresses of all stockholders who have demanded payment for their shares and with whom agreements as to the value of their shares have not been reached. The Delaware
Court of Chancery may order that notice of the time and place fixed for the hearing of such petition be given to the surviving corporation and all of the stockholders shown on the verified list at the addresses stated therein. Any such notice shall
also be given by one or more publications at least one week before the day of the hearing in a newspaper of general circulation published in the City of Wilmington, Delaware or any other publication which the Delaware Court of Chancery deems
advisable. The costs of any such notice are borne by the surviving corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">After notice to dissenting stockholders as required by the court, at the
hearing on such petition, the Delaware Court of Chancery will determine the stockholders who have complied with Section&nbsp;262 and who have become entitled to appraisal rights thereunder. The Delaware Court of Chancery may require the stockholders
who demanded appraisal for their shares to submit their stock certificates to the Register in Chancery for notation thereon of the pendency of the appraisal proceedings. If any stockholder fails to comply with the direction, the Delaware Court of
Chancery may dismiss the proceedings as to such stockholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Pursuant to Section&nbsp;262(g) of the DGCL, the Delaware Court of Chancery will dismiss
appraisal proceedings as to all of our stockholders who assert appraisal rights unless (1)&nbsp;the total number of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">87 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
shares entitled to appraisal exceeds one percent of the outstanding shares of Class&nbsp;A Common Stock as measured in accordance with Section&nbsp;262(g) of the DGCL; or (2)&nbsp;the value of
the merger consideration in respect of such shares exceeds $1&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Determination of Fair Value </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Where proceedings are not dismissed, the appraisal proceeding will be conducted in accordance with the rules of the Delaware Court of Chancery, including any
rules specifically governing appraisal proceedings. Through such proceeding, the Delaware Court of Chancery will determine the &#8220;fair value&#8221; of the shares of Class&nbsp;A Common Stock, exclusive of any element of value arising from the
accomplishment or expectation of the merger, together with interest, if any, to be paid upon the amount determined to be the fair value. In determining fair value, the Delaware Court of Chancery will take into account all relevant factors. Unless
the Delaware Court of Chancery in its discretion determines otherwise for good cause shown, interest from the effective date of the merger through the date of payment of the judgment will be compounded quarterly and will accrue at five percent over
the Federal Reserve discount rate (including any surcharge) as established from time to time during the period between the effective date of the merger and the date of payment of the judgment. However, the surviving corporation has the right, at any
time prior to the Delaware Court of Chancery&#8217;s entry of judgment in the proceedings, to make a voluntary cash payment to each stockholder seeking appraisal. If the surviving corporation makes a voluntary cash payment pursuant to subsection
(h)&nbsp;of Section&nbsp;262, interest will accrue thereafter only on the sum of (1)&nbsp;the difference, if any, between the amount paid by the surviving corporation in such voluntary cash payment and the fair value of the shares as determined by
the Delaware Court of Chancery; and (2)&nbsp;interest accrued before such voluntary cash payment, unless paid at that time. In Weinberger v. UOP, Inc., the Supreme Court of Delaware discussed the factors that could be considered in determining fair
value in an appraisal proceeding, stating that &#8220;proof of value by any techniques or methods which are generally considered acceptable in the financial community and otherwise admissible in court&#8221; should be considered, and that
&#8220;[f]air price obviously requires consideration of all relevant factors involving the value of a company.&#8221; The Delaware Supreme Court stated that, in making this determination of fair value, the court must consider market value, asset
value, dividends, earnings prospects, the nature of the enterprise and any other facts that could be ascertained as of the date of the merger that throw any light on future prospects of the merged corporation. Section&nbsp;262 provides that fair
value is to be &#8220;exclusive of any element of value arising from the accomplishment or expectation of the merger.&#8221; In Cede&nbsp;&amp; Co. v. Technicolor, Inc., the Delaware Supreme Court stated that such exclusion is a &#8220;narrow
exclusion [that] does not encompass known elements of value,&#8221; but which rather applies only to the speculative elements of value arising from such accomplishment or expectation. In Weinberger, the Supreme Court of Delaware also stated that
&#8220;elements of future value, including the nature of the enterprise, which are known or susceptible of proof as of the date of the merger and not the product of speculation, may be considered.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Class&nbsp;A Common Stockholders considering seeking appraisal should be aware that the fair value of their shares as so determined by the Delaware Court of
Chancery could be more than, the same as or less than the consideration they would receive pursuant to the merger if they did not seek appraisal of their shares and that an opinion of an investment banking firm as to the fairness from a financial
point of view of the consideration payable in a merger is not an opinion as to, and may not in any manner address, fair value under Section&nbsp;262. No representation is made as to the outcome of the appraisal of fair value as determined by the
Delaware Court of Chancery, and stockholders should recognize that such an appraisal could result in a determination of a value higher or lower than, or the same as, the per share price. Neither the Company nor Parent anticipates offering more than
the per share price to any stockholder exercising appraisal rights, and each of the Company and Parent reserves the rights to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">88 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
make a voluntary cash payment pursuant to subsection (h)&nbsp;of Section&nbsp;262 and to assert, in any appraisal proceeding, that for purposes of Section&nbsp;262, the &#8220;fair value&#8221;
of a share of Class&nbsp;A Common Stock is less than the per share price. The costs of the appraisal proceedings (which do not include attorneys&#8217; fees or the fees and expenses of experts) may be determined by the Delaware Court of Chancery and
taxed upon the parties as the Delaware Court of Chancery deems equitable under the circumstances. Upon application of a stockholder, the Delaware Court of Chancery may also order that all or a portion of the expenses incurred by any stockholder in
connection with the appraisal proceeding, including, without limitation, reasonable attorney&#8217;s fees and the fees and expenses of experts, be charged pro rata against the value of all the shares entitled to an appraisal. In the absence of such
determination or assessment, each party bears its own expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If any stockholder who demands appraisal of his, her or its shares of Class&nbsp;A Common
Stock under Section&nbsp;262 fails to perfect, or loses or validly withdraws, such holder&#8217;s right to appraisal, the stockholder&#8217;s shares of Class&nbsp;A Common Stock will be deemed to have been converted at the effective time of the
merger into the right to receive the per share price as provided in the merger agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">From and after the effective time of the merger, no stockholder
who has demanded appraisal rights in compliance with Section&nbsp;262 will be entitled to vote such shares of Class&nbsp;A Common Stock for any purpose or to receive payment of dividends or other distributions on the stock (except dividends or other
distributions payable to stockholders of record at a date which is prior to the effective date of the merger). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Failure to comply strictly with all of the
procedures set forth in Section&nbsp;262 may result in the loss of a stockholder&#8217;s statutory appraisal rights. In that event, you will be entitled to receive the per share price for your dissenting shares in accordance with the merger
agreement, without interest and less any applicable withholding taxes. Consequently, any stockholder wishing to exercise appraisal rights is encouraged to consult legal counsel before attempting to exercise those rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_47"></A>U.S. Federal Income Tax Considerations of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The following discussion is a summary of the U.S. federal income tax considerations of the merger generally applicable to U.S. Holders and <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Holders (each as defined below) who receive cash in exchange for their shares of Class&nbsp;A Common Stock pursuant to the merger. This discussion is based upon the Internal Revenue Code of 1986, as amended
(the &#8220;<B>Code</B>&#8221;), Treasury Regulations promulgated under the Code, rulings and judicial decisions, all as in effect on the date of this proxy statement and all of which are subject to change or differing interpretations, possibly with
retroactive effect. This discussion is limited to holders who hold their shares of Class&nbsp;A Common Stock as &#8220;capital assets&#8221; within the meaning of Section&nbsp;1221 of the Code (generally, property held for investment). This
discussion assumes that the merger will be consummated in accordance with the merger agreement and as described in this proxy statement. We have not sought, and do not intend to seek, any ruling from the Internal Revenue Service (which we refer to
as the &#8220;<B>IRS</B>&#8221;) or any opinion of counsel with respect to the statements made and the conclusions reached in the following summary, and no assurance can be given that the IRS will agree with the views expressed herein, or that a
court will not sustain any challenge by the IRS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This discussion is for general information purposes only and does not address all of the tax
consequences that may be relevant to holders in light of their particular facts and circumstances, nor does it address any consequences to holders subject to special rules under the U.S. federal income tax laws, such as: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">banks, insurance companies and other financial institutions; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">89 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">brokers or dealers in securities; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">traders in securities who elect to apply a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> method of accounting; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">regulated investment companies, real estate investment trusts and mutual funds; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><FONT STYLE="white-space:nowrap">tax-exempt</FONT> entities or governmental organizations; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">holders who hold their shares of Class&nbsp;A Common Stock as part of a &#8220;straddle,&#8221; hedge,
constructive sale, or other integrated transaction or conversion transaction or similar transactions; </P></TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">holders whose functional currency is not the U.S. dollar; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">partnerships, other entities classified as partnerships for U.S. federal income tax purposes, &#8220;S
corporations,&#8221; any other pass-through entities for U.S. federal income tax purposes (or investors in such entities), passive foreign investment companies and controlled foreign corporations; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">persons subject to any alternative minimum tax; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">U.S. expatriates and former citizens or long-term residents of the United States; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">persons subject to special tax accounting rules as a result of any item of gross income with respect to
Class&nbsp;A Common Stock being taken into account in an &#8220;applicable financial statement&#8221; as defined in Section&nbsp;451(b) of the Code; </P></TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">holders that own or have owned (directly, indirectly or constructively) 5% or more of Class&nbsp;A Common Stock
(by vote or value); and </P></TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">holders that received their shares of Class&nbsp;A Common Stock pursuant to the exercise of employee stock
options, through a <FONT STYLE="white-space:nowrap">tax-qualified</FONT> retirement plan or otherwise as compensation. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This discussion
does not address any U.S. federal tax consequences other than those pertaining to the income tax (such as estate, gift or other <FONT STYLE="white-space:nowrap">non-income</FONT> tax consequences) or any state, local or <FONT
STYLE="white-space:nowrap">non-U.S.</FONT> income or <FONT STYLE="white-space:nowrap">non-income</FONT> tax consequences, or the consequences of the Medicare tax on net investment income. If a partnership (including an entity or arrangement treated
as a partnership for U.S. federal income tax purposes) is a beneficial owner of shares of Class&nbsp;A Common Stock, the U.S. federal income tax treatment of a partner in such partnership will generally depend upon the status of the partner and the
activities of the partnership. Partnerships holding shares of Class&nbsp;A Common Stock and partners therein should consult their tax advisors regarding the consequences of the merger to their particular circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>THIS DISCUSSION IS PROVIDED FOR GENERAL INFORMATIONAL PURPOSES ONLY. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS CONCERNING THE U.S. FEDERAL INCOME TAX
CONSEQUENCES RELATING TO THE MERGER IN LIGHT OF THEIR PARTICULAR CIRCUMSTANCES AND ANY CONSEQUENCES ARISING UNDER ANY STATE, LOCAL, <FONT STYLE="white-space:nowrap">NON-U.S.</FONT> OR OTHER TAX LAWS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>U.S. Holders </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this discussion, a
&#8220;U.S. Holder&#8221; means a beneficial owner of shares of Class&nbsp;A Common Stock that is, for U.S. federal income tax purposes: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">an individual who is a citizen or resident of the United States; </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a corporation, or other entity treated as a corporation for U.S. federal income tax purposes, created or
organized in or under the laws of the United States or any state thereof or the District of Columbia; </P></TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">90 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">a trust (i)&nbsp;that is subject to the primary supervision of a court within the United States and one or more
United States persons (as defined in Section&nbsp;7701(a)(30) of the Code) have the authority to control all substantial decisions of the trust or (ii)&nbsp;that has a valid election in effect under applicable Treasury Regulations to be treated as a
United States person as defined in Section&nbsp;7701(a)(30) of the Code. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The receipt of cash by a U.S. Holder in exchange for shares of
Class&nbsp;A Common Stock pursuant to the merger will be a taxable transaction for U.S. federal income tax purposes. In general, a U.S. Holder will recognize gain or loss in an amount equal to the difference, if any, between the amount of cash
received and the U.S. Holder&#8217;s adjusted tax basis in the shares of Class&nbsp;A Common Stock surrendered pursuant to the merger. A U.S. Holder&#8217;s adjusted tax basis generally will equal the amount that such U.S. Holder paid for the shares
of Class&nbsp;A Common Stock. Such gain or loss will generally be capital gain or loss and will be long-term capital gain or loss if the U.S. Holder&#8217;s holding period in such Class&nbsp;A Common Stock exceeds one year as of the effective date
of the merger.&nbsp;Long-term capital gain recognized by certain <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders is generally subject to&nbsp;U.S. federal income tax at preferential rates. The deductibility of capital losses is
subject to limitations. If a U.S. Holder acquired different blocks of Class&nbsp;A Common Stock at different times or different prices, such U.S. Holder must determine its gain or loss, adjusted tax basis and holding period separately for each block
of Class&nbsp;A Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holders </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this discussion, the term <FONT STYLE="white-space:nowrap">&#8220;Non-U.S.</FONT> Holder&#8221; means a beneficial owner of shares of
Class&nbsp;A Common Stock who is neither a U.S. Holder nor a partnership (or entity or arrangement treated as a partnership) for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Any gain realized by a <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder pursuant to the merger will generally not be subject to U.S. federal income tax
unless: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The gain is effectively connected with a trade or business of such
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder in the United States (and, if required by an applicable income tax treaty, is attributable to permanent establishment maintained by such <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder
in the United States), in which case such gain will generally be subject to U.S. federal income tax at rates generally applicable to a United States person as defined under the Code, and, if the <FONT STYLE="white-space:nowrap">Non-U.S.</FONT>
Holder is a corporation, such gain may also be subject to the branch profits tax at a rate of thirty percent (30%) (or a lower rate under an applicable tax treaty); </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Such <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder is an individual who is present in the United States
for one hundred eighty-three (183)&nbsp;days or more in the taxable year of the merger, and certain other conditions are met, in which case gain will be subject to U.S. federal income tax at a rate of thirty percent (30%) (or a lower rate under an
applicable tax treaty), net of certain U.S. source losses from sales or exchanges of other capital assets, provided the <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holder has timely filed U.S. federal income tax returns with respect to such
losses. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holders should consult their tax advisors regarding potentially applicable
income tax treaties that may provide for different rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">COMPANY STOCKHOLDERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING THE TAX CONSEQUENCES OF THE
MERGER TO THEIR PARTICULAR CIRCUMSTANCES, INCLUDING THE APPLICABILITY OF ANY STATE, LOCAL, <FONT STYLE="white-space:nowrap">NON-U.S.</FONT> OR OTHER TAX LAWS. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">91 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Regulatory Approvals Required for the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the terms of the merger agreement,&nbsp;the consummation of the merger is conditioned upon&nbsp;the authorizations, consents, orders or approvals of, or
declarations or filings with, or confirmation of no further questions and/or declinations to assert jurisdiction or conduct a formal review, and the expirations or terminations of waiting periods required by,&nbsp;(i)&nbsp;the relevant antitrust
authorities in Chile, China, COMESA, Egypt, Germany, Kazakhstan, Mexico, Moldova, Morocco, Poland, Saudi Arabia, South Africa, South Korea, Switzerland, Taiwan, Turkey, Ukraine, United Arab Emirates,&nbsp;United
Kingdom,&nbsp;and&nbsp;Vietnam,&nbsp;(ii) the relevant foreign investment authorities in France, Italy, Romania, and Sweden, (iii)&nbsp;the HSR Act, (iv)&nbsp;CFIUS, and (v)&nbsp;any other jurisdictions that either Parent or the Company may propose
in good faith, which shall be added as required regulatory approvals, subject to the consent of the other party (such consent not to be unreasonably withheld) shall have been filed, have occurred or been obtained, and all such required regulatory
approvals shall be in full force and effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On October&nbsp;8, 2025, the Company and Parent each filed their respective notification and report forms
with the FTC and the Antitrust Division of the DOJ under the HSR Act with respect to the proposed merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company and Parent intend to promptly
prepare and file the requisite notification forms with CFIUS and all other relevant <FONT STYLE="white-space:nowrap">non-US</FONT> antitrust and foreign investment authorities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_48"></A>Legal Proceedings Relating to the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As of the date of this proxy statement, there has been no litigation brought by Class&nbsp;A Common Stockholders related to the merger agreement or the
transactions contemplated by the merger agreement against the Company, its officers or any member of the Air Lease Board. However, Class&nbsp;A Common Stockholders may file such lawsuits. Such litigation, if not resolved, could prevent or delay
completion of the merger and result in substantial costs to the Company, including any costs associated with the indemnification of directors and officers. One of the conditions to the closing is the absence of any law or order from a governmental
entity (whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits the consummation of the merger. Therefore, if a Class&nbsp;A Common Stockholder were successful in obtaining an injunction
prohibiting the consummation of the merger on the agreed-upon terms, then such injunction may prevent the merger from being completed, or from being completed within the expected timeframe. The defense or settlement of any lawsuit or claim that
remains unresolved at the time the merger is completed may adversely affect the Company&#8217;s business, financial condition, results of operations and cash flows. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">92 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_49"></A>PROPOSAL 1: APPROVAL AND ADOPTION OF THE MERGER AGREEMENT AND
THE TRANSACTIONS CONTEMPLATED THEREBY, INCLUDING THE MERGER </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We are asking you to approve and adopt the merger agreement and the transactions
contemplated thereby, including the merger. For a summary and detailed information regarding this proposal, see the information about the merger agreement throughout this proxy statement, including the information set forth in the sections of this
proxy statement titled &#8220;<I>The Merger Agreement</I>&#8221; beginning on page&nbsp;96. A copy of the merger agreement is attached as Annex A to this proxy statement. You are urged to read the merger agreement carefully and in its entirety. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Vote Required: </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The
proposal to approve and adopt the merger agreement and the transactions contemplated thereby, including the merger, requires the affirmative vote of a majority of shares of Class&nbsp;A Common Stock outstanding and entitled to vote at the special
meeting. Failure to vote, broker <FONT STYLE="white-space:nowrap">non-votes</FONT> and abstentions will have the same effect as a vote &#8220;AGAINST&#8221; the proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Recommendation: </B></FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="99%"></TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="10" STYLE="BORDER-LEFT:1.50pt solid #0071ce; BORDER-TOP:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; padding-left:8pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:8pt ;BORDER-LEFT:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; BORDER-BOTTOM:1.50pt solid #0071ce; padding-left:8pt; padding-right:2pt"><B>The Air Lease Board unanimously recommends
that you vote &#8220;FOR&#8221; this proposal.</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">93 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_50"></A>PROPOSAL 2: APPROVAL ON A
<FONT STYLE="white-space:nowrap">NON-BINDING,</FONT> ADVISORY BASIS OF CERTAIN MERGER RELATED EXECUTIVE COMPENSATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Section&nbsp;14A of the Exchange
Act, which was enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that we provide our Class&nbsp;A Common Stockholders with the opportunity to vote to approve, on an advisory <FONT
STYLE="white-space:nowrap">non-binding</FONT> basis, the payment of certain compensation that may be paid or become payable by the Company to its named executive officers in connection with the merger, as disclosed in the section of this proxy
statement entitled &#8220;<I>The Merger&#8212;Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</I>&#8221; beginning on page&nbsp;72. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Accordingly, we are seeking approval of the following resolution at the special meeting: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; font-size:11pt; font-family:Times New Roman">&#8220;<I>RESOLVED, that the Class</I><I></I><I>&nbsp;A Common Stockholders of Air Lease Corporation approve, on a <FONT
STYLE="white-space:nowrap">non-binding,</FONT> advisory basis, the compensation that may be paid or become payable to Air Lease Corporation&#8217;s named executive officers that is based on or otherwise relates to the merger as disclosed pursuant to
Item</I><I></I><I>&nbsp;402(t) of Regulation</I><I></I><I><FONT STYLE="white-space:nowrap">&nbsp;S-K</FONT> in the section entitled &#8220;The Merger&#8212;Interests of Air Lease&#8217;s Directors and Executive Officers in the Merger</I>&#8221;<I>
in Air Lease Corporation&#8217;s proxy statement for the special meeting.</I>&#8221; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Vote Required: </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Approval of this advisory vote requires the affirmative vote of a majority of shares of Class&nbsp;A Common Stock present or represented and entitled to vote
on the proposal at the special meeting. Abstentions will have the same effect as a vote &#8220;AGAINST&#8221; the proposal. Broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will have no effect on the outcome of the advisory vote. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">This proposal is not a condition to completion of the merger, and as an advisory vote, the result will not be binding on the Company, the Air Lease Board or
Parent. Further, the underlying plans and arrangements are contractual in nature and not, by their terms, subject to stockholder approval. Accordingly, regardless of the outcome of this advisory vote, if the merger is consummated, the
Company&#8217;s named executive officers will be eligible to receive the compensation that is based on or otherwise relates to the merger in accordance with the terms and conditions applicable to those payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Recommendation: </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="99%"></TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="13" STYLE="BORDER-LEFT:1.50pt solid #0071ce; BORDER-TOP:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; padding-left:8pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:10pt ;BORDER-LEFT:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; BORDER-BOTTOM:1.50pt solid #0071ce; padding-left:8pt; padding-right:2pt"><B>The Air Lease Board unanimously
recommends that you vote &#8220;FOR&#8221; this proposal.</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">94 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_51"></A>PROPOSAL 3: ADJOURNMENT OF SPECIAL MEETING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the special meeting, we are asking the Company&#8217;s Class&nbsp;A Common Stockholders to vote to adjourn the special meeting if there is not a quorum or
to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to approve Proposal 1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company may, with
Parent&#8217;s consent (not to be unreasonably delayed, withheld or conditioned), adjourn or postpone the special meeting if the Company reasonably believes that (i)&nbsp;such adjournment or postponement is necessary to ensure that any required
supplement or amendment to this proxy statement is provided to the holders of shares of Class&nbsp;A Common Stock a reasonable time in advance of the special meeting, (ii)&nbsp;after consultation with Parent, as of the time for which the special
meeting is then scheduled, (A)&nbsp;there will be an insufficient number of shares of Class&nbsp;A Common Stock present (either in person or by proxy) to constitute a necessary quorum, or (B)&nbsp;there will be an insufficient number of proxies to
obtain the Company Stockholder Approval, or (iii)&nbsp;such adjournment or postponement is required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company shall, if requested by Parent,
adjourn or recess the special meeting, if after consultation with Parent, as of the time for which the special meeting is then scheduled (A)&nbsp;there will be an insufficient number of shares of Class&nbsp;A Common Stock present (either in person
or by proxy) to constitute a necessary quorum, or (B)&nbsp;there will be an insufficient number of proxies to obtain the Company Stockholder Approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The approval of Proposal 1 is required for completion of the merger. Because the Air Lease Board believes that it is in the best interest of the Company and
its stockholders to engage in the merger and related transactions, the Air Lease Board believes it is in the best interest of the Company and its stockholders to adjourn the special meeting if there are not sufficient votes at the time of the
special meeting to approve Proposal 1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Vote Required: </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Approval of a meeting adjournment requires the affirmative vote of a majority of the shares of Class&nbsp;A Common Stock present or represented, and entitled
to vote on the proposal, at the special meeting. Abstentions will have the same effect as a vote &#8220;AGAINST&#8221; the proposal. Broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will have no effect on the outcome of the proposal. Any
signed proxies received by the Company in which no voting instructions are provided on the Adjournment Proposal will be voted in favor of adjournment, if such proposal is introduced at the special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><FONT COLOR="#0071ce"><B>Recommendation: </B></FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="99%"></TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="10" STYLE="BORDER-LEFT:1.50pt solid #0071ce; BORDER-TOP:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; padding-left:8pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:8pt ;BORDER-LEFT:1.50pt solid #0071ce; BORDER-RIGHT:1.50pt solid #0071ce; BORDER-BOTTOM:1.50pt solid #0071ce; padding-left:8pt; padding-right:2pt"><B>The Air Lease Board unanimously recommends
that you vote &#8220;FOR&#8221; this proposal.</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">95 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_52"></A>THE MERGER AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The following is a summary of the material provisions of the merger agreement. A copy of the merger agreement is attached to this proxy statement as
Annex</I><I></I><I>&nbsp;A and is incorporated by reference into this proxy statement. We encourage you to read carefully the merger agreement in its entirety, as the rights and obligations of the parties to the merger agreement are governed by the
express terms of the merger agreement and not by this summary or any other information contained in this proxy statement. In addition, you should read &#8220;Voting Agreement&#8221; beginning on page </I><I>120, which summarizes the voting
agreement, as certain provisions of these agreements relate to certain provisions of the merger agreement. A copy of the voting agreement is attached to this proxy statement as Annex</I><I></I><I>&nbsp;B and is incorporated by reference into this
proxy statement.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_53"></A>Explanatory Note Regarding the Merger Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The following summary of the merger agreement and the copy of the merger agreement attached as Annex&nbsp;A to this proxy statement are intended to provide
information regarding the terms of the merger agreement. The merger agreement contains representations and warranties by the Company, Parent and Merger Sub, which were made for purposes of that agreement and as of specified dates. The
representations, warranties and covenants of the Company, Parent and Merger Sub contained in the merger agreement: </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>have been qualified by matters specifically disclosed in the Company&#8217;s filings with the SEC after
January</I><I></I><I>&nbsp;1, 2024, and prior to the date of the merger agreement, in each case excluding any disclosures contained in any &#8220;risk factor&#8221; or &#8220;forward looking statements&#8221; sections of the Company&#8217;s filings
with the SEC or that otherwise comprise forward-looking statements, statements of risk, or are cautionary, predictive or forward-looking in nature;</I> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>are subject to materiality qualifications contained in the merger agreement which may differ from what may be
viewed as material by investors;</I> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>were made only as of the date of the merger agreement or, with respect to certain representations, in the
event the closing occurs, as of the date of the closing, or such other date as is specified in the merger agreement;</I> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>may be subject to important qualifications, limitations and supplemental information agreed to by the Company,
Parent and Merger Sub in connection with negotiating the terms of the merger agreement, including certain qualifications, limitations and supplemental information disclosed in the confidential disclosure letters to the merger agreement; and</I>
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>have been included in the merger agreement for the purpose of allocating risk between the contracting
parties.</I> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>In reviewing the representations, warranties and covenants contained in the merger agreement or any description thereof
in this summary, it is important to bear in mind that such representations, warranties, covenants and agreements or any descriptions were not intended by the parties to the merger agreement to be characterizations of the actual state of facts or
condition of the Company, Parent and Merger Sub or any of their respective subsidiaries, affiliates or businesses except as expressly stated in the merger agreement. Moreover, information concerning the subject matter of the representations and
warranties may change after the date of the merger agreement, which subsequent information may or may not be fully reflected in the Company&#8217;s public disclosures. The merger agreement and the description of the merger agreement in this proxy
statement should not be read alone, but should instead be read in conjunction with the other information contained in this proxy </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">96 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>
statement and other information regarding the Company that is or will be contained in, or incorporated by reference into, the Company&#8217;s filings with the SEC. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The description of the merger agreement below does not purport to describe all of the terms of that agreement, and is qualified in its entirety by
reference to the full text of the merger agreement, a copy of which is attached as Annex&nbsp;A and is incorporated in this proxy statement by reference. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Additional information about the Company may be found elsewhere in this proxy statement and in the Company&#8217;s other public filings. See &#8220;<I>Where
You Can Find Additional Information</I>&#8221; beginning on page&nbsp;128. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_54"></A>Structure of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the effective time of the merger, Merger Sub will be merged with and into the Company, and the separate corporate existence of Merger Sub will cease. The
Company will continue as the surviving corporation in the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the effective time of the merger, the certificate of incorporation of the Company
will be amended and restated to read in its entirety as set forth on Exhibit&nbsp;B to the merger agreement and the bylaws of the surviving corporation will be amended and restated to read in their entirety as set forth on Exhibit C to the merger
agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_55"></A>Completion of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The closing of the merger will take place on a date to be specified by the Company and Parent, which will be no later than five business days following the
satisfaction or (to the extent permitted by law) waiver by the party or parties entitled to the benefits thereof of the conditions set forth in the merger agreement (other than those conditions that by their nature are to be satisfied at the closing
of the merger, but subject to the satisfaction or (to the extent permitted by law) waiver of those conditions) by means of a virtual closing through the electronic exchange of signatures, or at such other date, time and place as may be agreed in
writing between the Company and Parent. The parties shall cause the merger to be consummated pursuant to the DGCL by filing a certificate of merger with respect to the merger (the &#8220;<B>Merger Certificate</B>&#8221;) with the Secretary of State
of the State of Delaware, in such form as is required by, and executed in accordance with, the DGCL, and the parties shall make all other filings or recordings required under the DGCL in connection with the merger. The merger shall become effective
at such time as the Merger Certificate is filed and accepted for record by the Secretary of State of the State of Delaware, or such later date and time as shall be agreed to in writing by the Company and Parent and specified in the Merger
Certificate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_56"></A>General Effects of the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Company&#8217;s Class&nbsp;A Common Stockholders adopt the Merger Proposal, and if the other conditions to the closing of the merger are either
satisfied or waived, Merger Sub will be merged with and into the Company with the Company continuing as the surviving corporation. If the merger is completed, all of Air Lease Corporation&#8217;s equity interests will be owned by Parent and none of
the Company&#8217;s current Class&nbsp;A Common Stockholders will have any ownership interest in, or be a stockholder of, the Company after the completion of the merger. As a result, our current Class&nbsp;A Common Stockholders will no longer
benefit from any increase in the Company&#8217;s value or bear the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">97 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
risk of any decrease in the Company&#8217;s value. Following the merger, Parent and their affiliates will benefit from any increase in the Company&#8217;s value and also will bear the risk of any
decrease in the Company&#8217;s value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_57"></A>Effects of the Merger on the Class&nbsp;A Common Stock of the Company </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to the provisions of the merger agreement, at the effective time of the merger, each share of Class&nbsp;A Common Stock of the Company issued and
outstanding immediately prior to the effective time of the merger (other than any shares held by any dissenting holder who has properly exercised their appraisal rights in&nbsp;accordance with Section&nbsp;262 of the Delaware General Corporation Law
and shares to be canceled or converted into shares of the surviving corporation in accordance with the merger agreement or restricted shares canceled and exchanged in accordance with the merger agreement) will be converted into the right to receive
the merger consideration. All such Class&nbsp;A Common Stock, when so converted, will no longer be outstanding and will automatically be canceled and will cease to exist, and each holder of a share certificate (or evidence of shares in book-entry
form) that immediately prior to the effective time of the merger represented any such Class&nbsp;A Common Stock will cease to have any rights with respect thereto, except the right to receive the merger consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each of Parent, the Company, the surviving corporation and the paying agent (without duplication) will be entitled to deduct and withhold from any amounts
payable to any person pursuant to the merger agreement such amounts as are required to be deducted and withheld with respect to the making of such payment under applicable law. Amounts so withheld and paid over to the appropriate taxing authority
will be treated for all purposes of the merger agreement as having been paid to the person in respect of which such deduction or withholding was made. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_58"></A>Effects of the Merger on the Preferred Stock of the Company </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">At the effective time of the merger, each share of the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock of the Company issued
and outstanding immediately prior to the effective time of the merger will remain outstanding and will be deemed to be a share of preferred stock of the surviving corporation with the same rights, powers, privileges and voting powers, and
restrictions and limitations thereof, applicable to such series of preferred stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_59"></A>Treatment of Company Equity Awards
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the terms and subject to the conditions set forth in the merger agreement, upon the effective time of the merger: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company RSU that is vested (but not yet settled) immediately prior to the effective time of the
merger or becomes vested as of the effective time of the merger in accordance with its terms will be converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions,
equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock subject to such Company RSU; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company RSU that is not vested immediately prior to the effective time of the merger will be
converted into the contingent right to receive from Parent or the surviving corporation an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration
multiplied by the </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">98 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
number of shares of Class&nbsp;A Common Stock subject to such Company RSU, subject to the same vesting terms and conditions after the effective time as applied to the corresponding Company RSU
immediately prior to the effective time of the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">each outstanding Company PSU will be converted into a contingent right to receive from Parent or the surviving
corporation an amount in cash, without interest and subject to applicable withholding taxes and other authorized deductions, equal to the product of the merger consideration multiplied by the number of shares of Class&nbsp;A Common Stock issuable
pursuant to such Company PSU determined based upon the greater of the target level of performance and the actual level of performance calculated as of the latest practicable date prior to the effective time of the merger, subject to the same vesting
terms and conditions after the effective time of the merger as applied to the corresponding Company PSU immediately prior to the effective time of the merger (other than any performance-based conditions). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_60"></A>Exchange and Payment Procedures for the Class&nbsp;A Common Stock in the Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As promptly as reasonably practicable after the effective time of the merger and in any event within three business days after the effective time of the
merger, Parent will cause the paying agent to mail, or otherwise provide in the case of book-entry shares, to each holder of record of Class&nbsp;A Common Stock (i)&nbsp;a form of letter of transmittal and (ii)&nbsp;instructions for effecting the
surrender of book-entry shares or share certificates in exchange for the merger consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">You will not be entitled to receive the merger
consideration until you surrender your certificates (or effective affidavit of loss in lieu thereof) or evidence of book-entry shares to the paying agent, together with a properly completed and duly executed letter of transmittal and any other
documents as reasonably may be required by the paying agent. If a transfer of ownership of shares is not registered in the transfer records of the Company, the merger consideration may be paid to the transferee if the stock certificate or evidence
of book-entry share formerly representing the shares is presented to the paying agent accompanied by all documents required to evidence and effect the transfer and to evidence that any applicable stock transfer taxes have been paid. No interest will
be paid or accrued on the cash payable upon surrender of the certificates or evidence of book-entry shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Any portion of the merger consideration
deposited with the paying agent that remains undistributed to holders of Class&nbsp;A Common Stock for one year after the effective time of the merger will be delivered to Parent. Former holders of Class&nbsp;A Common Stock who have not complied
with the above-described exchange and payment procedures may thereafter only look to Parent for payment of its claim for the merger consideration without any interest thereon. None of the Company, Parent, Merger Sub or the paying agent will be
liable to any person for any portion of the payment fund delivered to a public official pursuant to any applicable abandoned property, escheat or similar law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If any certificate formerly representing Class&nbsp;A Common Stock is lost, stolen or destroyed, the paying agent will issue the merger consideration
deliverable in respect of, and in exchange for, such lost, stolen or destroyed certificate only upon the making of an affidavit of such loss, theft or destruction by the person claiming such certificate to be lost, stolen or destroyed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">These procedures will be described in the letter of transmittal that you will receive, which you should read carefully in its entirety. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">99 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_61"></A>Representations and Warranties </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><I></I></B><I>Company Representations and Warranties</I><B><I> </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In the merger agreement, the Company makes certain representations to Parent and Merger Sub with respect to itself and its subsidiaries that are subject, in
some cases, to specified exceptions and qualifications contained in the merger agreement or in the Company disclosure letter delivered in connection therewith. These include representations and warranties relating to, among other things: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">corporate organization, existence and good standing, including with respect to the Company&#8217;s subsidiaries;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">ownership of the Company&#8217;s subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the capitalization of the Company; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">corporate power and authority to enter into the merger agreement and to consummate the transactions contemplated
by such agreements; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">subject to the ability to make an adverse recommendation change, the approval of, and recommendation by, the Air
Lease Board in favor of the Merger Proposal; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">required regulatory filings and authorizations, consents or approvals of government entities and consents or
approvals required of other third parties; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the accuracy of the Company&#8217;s filings with the SEC and of the financial statements included in the SEC
filings and the absence of certain undisclosed liabilities of the Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">matters relating to information to be included in required filings with the SEC in connection with the merger;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of any Company Material Adverse Effect with respect to the Company from June&nbsp;30, 2025 to the
date of the merger agreement and the operation of the Company&#8217;s business in the ordinary course consistent with past practice in all material respects from June&nbsp;30, 2025 to the date of the merger agreement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the filing of tax returns, the payment of taxes and other tax matters related to the Company and its
subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the Company&#8217;s employee benefit plans; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of suits, actions or other proceedings by or before any governmental entity with respect to the
Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">compliance with laws, including anti-bribery laws, sanctions laws and anti-money laundering laws, by the Company
and its subsidiaries since January&nbsp;1, 2022, and there having been no violation of any of the necessary permits and authorizations since January&nbsp;1, 2022; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">compliance with data privacy laws, compliance with contractual privacy and security standards and obligations,
and the absence of data breaches by the Company and its subsidiaries since January&nbsp;1, 2022; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">environmental matters and compliance with environmental laws by the Company and its subsidiaries;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">material contracts of the Company and its subsidiaries and the absence of certain defaults under material
contracts; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">real property that is leased by the Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">intellectual property owned, licensed or used by the Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">certain labor matters; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the inapplicability of anti-takeover provisions of applicable law with respect to the merger;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">100 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of any broker&#8217;s, finder&#8217;s, financial advisor&#8217;s or other similar fee or commission
owed to any broker, investment banker, financial advisor or other person in connection with the merger based upon arrangements made by or on behalf of the Company, other than the fees to be paid to J.P. Morgan; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the receipt by the Air Lease Board of an opinion of the Company&#8217;s financial advisor; </P></TD></TR></TABLE>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the Company&#8217;s insurance policies and certain claims made with respect to such policies;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">relevant aircraft owned and leased by the Company and its subsidiaries; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">acknowledgment by the Company of the absence of any other representations and warranties of Parent or Merger Sub,
other than as set forth in the merger agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Many of the representations and warranties in the merger agreement are qualified by
knowledge or materiality qualifications or a Company Material Adverse Effect (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of the merger agreement, a
&#8220;<B>Company Material Adverse Effect</B>&#8221; means any circumstance, occurrence, effect, change, event or development that, individually or in the aggregate, would or would reasonably be expected to (i)&nbsp;materially adversely affect the
business, assets, financial condition or results of operations of the Company and the Company&#8217;s subsidiaries, taken as a whole or (ii)&nbsp;materially impair, materially delay, materially interfere with or materially hinder the consummation by
the Company of the merger or the other transactions contemplated by the merger agreement or the compliance by the Company with its obligations under the merger agreement; <U>provided</U>, <U>however</U>, that, solely with respect to the foregoing
clause&nbsp;(i), any circumstance, occurrence, effect, change, event or development arising from or related to the following shall not be taken into account in determining whether a Company Material Adverse Effect has occurred or would be reasonably
expected to occur (except, in the case of the first six bullets and the tenth bullet below, to the extent disproportionately affecting the Company and the Company&#8217;s subsidiaries relative to other participants in the industry in which the
Company and the Company&#8217;s subsidiaries operate): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">conditions affecting the economy in any of the countries, markets or geographical areas in which the Company and
its subsidiaries operate, or any other national or regional economy or the global economy generally; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">political conditions (or changes in such conditions) in any of the countries, markets or geographical areas in
which the Company and its subsidiaries operate or any other country or region in the world, declared or undeclared acts of war, cyber-attacks, sabotage or terrorism, tariffs or trade wars, epidemics, pandemics or disease outbreaks (including <FONT
STYLE="white-space:nowrap">COVID-19</FONT> and any actions or events resulting therefrom) (including any escalation or general worsening of any of the foregoing) or national or international emergency in any of the countries, markets or geographical
areas in which the Company and its subsidiaries operate or any other country or region of the world occurring after the date of the merger agreement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">changes in the financial, credit, banking or securities markets in any of the countries, markets or geographical
areas in which the Company and its subsidiaries operate or any other country or region in the world (including any disruption thereof and any decline in the price of any security or any market index) and including changes or developments in or
relating to currency exchange or interest rates; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">changes required by U.S. generally accepted accounting principles or other accounting standards (or
interpretations thereof); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">changes in any laws or other binding directives issued by any governmental entity (or interpretations thereof);
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">changes that are generally applicable to the industries in which the Company and its subsidiaries operate;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">101 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any failure by the Company to meet any internal or published projections, forecasts or revenue or earnings
predictions for any period ending on or after the date of the merger agreement or any decline in the market price or trading volume of the Class&nbsp;A Common Stock of the Company (provided that the underlying causes of any such failure or decline
may be considered in determining whether a Company Material Adverse Effect has occurred to the extent not otherwise excluded by another exception in the Company Material Adverse Effect definition); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the negotiation, execution or delivery of the merger agreement, the performance by any party hereto of its
obligations hereunder or the public announcement (including as to the identity of the parties thereto) or pendency of the merger or any of the other transactions contemplated thereby including the impact thereof on relationships, contractual or
otherwise with customers, suppliers or employees of the Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">changes in the Company&#8217;s credit rating (provided that the underlying causes of such decline may be
considered in determining whether a Company Material Adverse Effect has occurred to the extent not otherwise excluded by another exception in the Company Material Adverse Effect definition); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the occurrence of natural disasters, force majeure events or weather conditions adverse to the business being
carried on by the Company and its subsidiaries; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">stockholder litigation arising from or relating to the merger agreement, the merger or any strategic alternatives
considered by the Company; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any action required by the terms of the merger agreement, or with the prior written consent or at the direction
of Parent; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any liability arising from any pending or threatened claim, suit, action, proceeding, investigation or
arbitration disclosed to Parent in the merger agreement or in the Company disclosure letter (but not any material deterioration or escalation thereof); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any comments or other communications by Parent or any of its affiliates of its intentions with respect to the
surviving corporation or the business of the Company; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any matter described in the Company disclosure letter (but only to the extent the material adverse effect in
question reasonably could be anticipated based on the substance and content of such disclosure, and not any material deterioration or escalation thereof). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Parent&#8217;s and Merger Sub&#8217;s Representations and Warranties </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In the merger agreement, Parent and Merger Sub make certain representations and warranties that are subject, in some cases, to specified exceptions and
qualifications contained in the merger agreement. The representations and warranties relate to, among other things: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">corporate organization, existence and good standing; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">corporate power and authority to enter into the merger agreement and to consummate the transactions contemplated
by such agreements; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">required regulatory filings and authorizations, consents or approvals of government entities and consents or
approvals required of other third parties; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">matters relating to information to be included in required filings with the SEC in connection with the merger;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">compliance with laws by Parent and its subsidiaries since the date of formation of Parent and there having been
no violation of any of the necessary permits and authorizations since the date of formation of Parent; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of suits, actions or other proceedings by or before any governmental entity with respect to Parent,
Merger Sub and their affiliates; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">102 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of any broker&#8217;s, finder&#8217;s, financial advisor&#8217;s or other similar fee or commission
owed to any broker, investment banker, financial advisor or other person in connection with the merger based upon arrangements made by or on behalf of Parent or Merger Sub, other than the fees to be paid to Citigroup Global Markets Inc. and Goldman
Sachs Group, Inc.; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the ownership of Merger Sub and the absence of any business or operations conducted by Merger Sub, other than
matters related to the merger; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">ownership of Class&nbsp;A Common Stock of the Company; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">sufficiency of cash to pay the aggregate merger consideration and all other payments, fees and expenses payable
by Parent and Merger Sub pursuant to the merger agreement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the solvency of the surviving corporation following the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">acknowledgment by Parent and Merger Sub of the absence of any other representations and warranties of the
Company, other than as set forth in the merger agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of the merger agreement, a &#8220;<B>Parent Material Adverse
Effect</B>&#8221; means, with respect to Parent or Merger Sub, any circumstance, occurrence, effect, change, event or development that, individually or in the aggregate, is or would be reasonably expected to prevent or materially impair, materially
interfere with, materially hinder or materially delay the consummation of the merger or the other transactions contemplated by the merger agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">None
of the representations and warranties contained in the merger agreement will survive the consummation of the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_62"></A>Conduct
of Business Pending the Merger </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger agreement provides that, subject to certain exceptions or unless Parent provides its prior written consent
(which will not be unreasonably withheld, conditioned or delayed), from the date of the merger agreement to the effective time of the merger, the Company will, and will cause each of its subsidiaries to, use commercially reasonably effects to
(i)&nbsp;conduct the business of the Company and its subsidiaries in the ordinary course of business consistent with past practice in all material respects and (ii)&nbsp;preserve their current business, assets and relationships with key employees,
customers and suppliers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition, the merger agreement provides that, subject to certain exceptions or unless Parent provides its prior written
consent (which will not be unreasonably withheld, conditioned or delayed), from the date of the merger agreement to the effective time of the merger, the Company will not, and will not cause or permit any of its subsidiaries to, do any of the
following, subject to certain exceptions, including those set forth in the Company&#8217;s disclosure letter: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">other than with respect to regular quarterly dividends up to $0.22 per share of Class&nbsp;A Common Stock,
$11.625 per share of Series B Preferred Stock, $10.3125 per share of Series C Preferred Stock, and $15.00 per share of Series D Preferred Stock (which amounts in respect of the Series B Preferred Stock, Series C Preferred Stock and Series D
Preferred Stock may be adjusted in accordance with the dividend reset provisions contained in the Certificates of Designation related thereto) of the Company, declare, set aside or pay any dividends on, or make any other distributions (whether in
cash, shares or property or any combination thereof) in respect of, any of its share capital, other equity interests or voting securities; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">split, combine, subdivide or reclassify any of its share capital, other equity interests or voting securities or
securities convertible into or exchangeable or exercisable for share capital or other </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">103 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
equity interests or voting securities, or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for its share capital, other equity interests or
voting securities; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">repurchase, redeem or otherwise acquire, or offer to repurchase, redeem or otherwise acquire, any share capital
or voting securities of, or equity interests in, the Company or any of its subsidiaries or any securities of the Company or any of its subsidiaries convertible into or exchangeable or exercisable for shares of capital stock or voting securities of,
or equity interests in, the Company or any of its subsidiaries, or any warrants, calls, options or other rights (contingent or otherwise) to acquire any such shares of capital stock, securities or interests, except for acquisitions, or deemed
acquisitions, of equity securities in connection with the vesting or settlement or forfeitures of Company RSUs and PSUs; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">create, allot, issue, deliver, sell, grant, pledge or otherwise encumber or subject to any lien (other than liens
imposed by applicable securities laws)&nbsp;(i) any shares of capital stock of the Company or any of its subsidiaries, other than the issuance of shares of capital stock of the Company upon the vesting or settlement of Company RSUs or Company PSUs
that were outstanding as of the date of the merger agreement or issued in accordance with the merger or the terms of the award agreements for such outstanding Company RSUs or Company PSUs, in each case in accordance with the terms thereof,
(ii)&nbsp;any other equity interests or voting securities of the Company or any of its subsidiaries, (iii)&nbsp;any securities convertible into or exchangeable or exercisable for shares of capital stock or voting securities of, or other equity
interests in, the Company or any of its subsidiaries, (iv)&nbsp;any warrants, calls, options or other rights (contingent or otherwise) to acquire any shares of capital stock or voting securities of, or other equity interests in, the Company or any
of its subsidiaries; (v)&nbsp;any rights issued by the Company or any of its subsidiaries that are linked in any way to the price of any class of shares of capital stock of the Company or any shares of capital stock of any subsidiary of the Company,
the value of the Company, any of the Company&#8217;s subsidiaries or any part of the Company or any of its subsidiaries; or (vi)&nbsp;any Company voting debt; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">amend the Company&#8217;s or any subsidiary&#8217;s organizational documents, except as may be required by law or
the rules and regulations of the SEC or the NYSE or for dormant or inactive subsidiaries and owner trusts; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">make or adopt any change in its accounting methods, principles or practices as in effect on the date hereof,
except insofar as may be required by a change in GAAP or Law (or authoritative interpretations thereof); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">directly or indirectly acquire or agree to acquire in any transaction (by merger, consolidation, acquisition of
stock or assets or otherwise) any material equity interest in or material business of any person or material division thereof or any material properties or assets, except for acquisitions contemplated by the Company&#8217;s orderbook (and engines
and buyer furnished equipment related thereto) and under certain other circumstances as set forth in the merger agreement and disclosure letter; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">except for contracts entered into in the ordinary course of business relating to certain managed aircraft, enter
into any partnership, joint venture or similar contract to which the Company or any of its subsidiaries is a party relating to the formation, creation, operation, management or control of any partnership or joint venture; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">except in the ordinary course of business consistent with past practice, enter into, waive, modify, amend or
terminate any material contract or contract that would, if entered into prior to the date of the merger agreement, be a material contract, subject to certain exceptions as set forth in the merger agreement and disclosure letter, <U>provided</U> that
(i)&nbsp;it will not be considered ordinary course of business consistent with past practice to enter into new OEM contracts for the </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">104 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
acquisition of aircraft not permitted under the merger agreement and (ii)&nbsp;any new or amended aircraft leases, servicing agreements and OEM contracts that are permitted to be entered into
after the date of the merger agreement will be either (x)&nbsp;on terms that the Company believes to be commercially reasonable, subject to the parameters set forth in the Company disclosure letter, or (y)&nbsp;on substantially the same terms of the
applicable letter of intent, memorandum of understanding or similar agreement set forth in the Company disclosure letter; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">except in relation to liens to secure indebtedness for borrowed money that is outstanding as of the date of the
merger agreement, or otherwise permitted to be incurred under the merger agreement, sell, lease (as lessor), license, mortgage, sell and leaseback or otherwise subject to any lien (other than permitted liens), or otherwise dispose of any material
properties or assets or any material interests therein, other than (i)&nbsp;dispositions of aircraft not to exceed the amounts and in accordance with the terms and conditions set forth in the Company disclosure letter (excluding any of the
transactions referenced in clause (ii)-(iv) of this bullet, (ii)&nbsp;with respect to transactions between the Company and any wholly owned Company subsidiary, or between wholly owned Company subsidiaries, (iii)&nbsp;dispositions contemplated by any
letter of intent, memorandum of understanding or similar agreement set forth in the Company disclosure letter, or (iv)&nbsp;in the ordinary course of business consistent with past practice with respect to properties or assets that are not aircraft;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">incur additional indebtedness, except for (A)&nbsp;indebtedness under the Company&#8217;s existing revolving
credit facilities or commercial paper issuances (1)&nbsp;in replacement of existing indebtedness, up to an amount equal to the aggregate principal amount of the indebtedness being replaced plus the aggregate amount of any unpaid interest related
thereto and the amount of any expenses incurred in connection therewith, or (2)&nbsp;otherwise in the ordinary course of business, (B)&nbsp;indebtedness between the Company and any wholly owned Company subsidiary, or between wholly owned Company
subsidiaries, (C)&nbsp;hedging transactions in the ordinary course of business consistent with past practice, and (D)&nbsp;certain other additional indebtedness as set forth in the merger agreement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">settle or compromise material litigation, or release, dismiss or otherwise dispose of certain claims,
liabilities, obligations or arbitrations, subject to certain exceptions as set forth in the merger agreement and disclosure letter; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">abandon or permit to lapse, assign, sell, lease, license, sublicense, modify, terminate, transfer or dispose of,
create or incur any lien (other than a permitted lien) on, or otherwise fail to take any action necessary to maintain, enforce or protect any material owned intellectual property rights, other than
<FONT STYLE="white-space:nowrap">non-exclusive</FONT> licenses granted to customers in the ordinary course of business consistent with past practice; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">fail to use commercially reasonable efforts to (A)&nbsp;prevent the lapse of any insurance policy or
(B)&nbsp;take any action that would make any insurance policy void or voidable or reduce the limits of insurance coverage provided thereunder, in the case of both (A)&nbsp;and (B), other than immaterial changes, operational changes or changes
required by applicable Law and policy expirations and reductions of limits in the ordinary course of business and other than changes in policies or limits of insurance coverage resulting from the transactions contemplated thereby;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">make or authorize capital expenditures, subject to certain exceptions as set forth in the merger agreement and
disclosure letter; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">except in the ordinary course of business consistent with past practice or as contemplated by contracts in
effect, accelerate any material payments under any leases relating to leased Company aircraft or fail to continue any aircraft maintenance programs with respect to <FONT STYLE="white-space:nowrap">off-lease</FONT> Company aircraft;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">105 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">(i) make, change or rescind any material income tax election (including, for the avoidance of doubt, any entity
classification election); (ii) change any of its material methods of tax accounting or tax accounting principles, methods or practices other than as required by applicable law; (iii)&nbsp;enter into any closing agreement with respect to taxes;
(iv)&nbsp;settle any material claim or assessment relating to the Company or any of its subsidiaries with respect to taxes; or (v)&nbsp;surrender any right to claim a material tax refund, offset or other reduction in tax liability;
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">adopt any plan of complete or partial liquidation or dissolution, restructuring, recapitalization or
reorganization for the Company or any significant subsidiary (excluding any internal reorganization of wholly owned Company subsidiaries); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">adopt or implement any&nbsp;stockholder rights&nbsp;plan or similar arrangement; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">except (A)&nbsp;as required by applicable law, or (B)&nbsp;as required by the terms of any Company benefit plan,
increase the compensation or benefits payable to any current or former director, officer, employee or individual independent contractor of the Company or any Company subsidiary, other than increases in base wages or salary in the ordinary course of
business consistent with past practice not to exceed 7% of the aggregate base wages or salary for employees at or below the level of senior vice president as in effect as of the date of the merger agreement; provided further that not more than ten
employees below the level of vice president shall be promoted; (ii)&nbsp;accelerate or commit to accelerate the funding, payment or vesting of any compensation or benefits payable to any current or former director, officer, employee or individual
independent contractor of the Company or any Company subsidiary; (iii)&nbsp;amend any Company benefit plan or adopt or enter into any plan that would be a Company benefit plan if in effect on the date hereof; (iv)&nbsp;grant or provide any severance
or termination payments or benefits to any current or former officers, directors, employees or individual independent contractors; (v)&nbsp;grant any equity or equity-based awards to, or discretionarily accelerate the vesting or payment of any such
awards held by, any current or former director, officer, employee or individual independent contractor; (vi)&nbsp;hire or terminate any employee who is a senior vice president or above, except for terminations for &#8220;cause&#8221;, or promote any
employee who, as a result of such promotion, would be a senior vice president or above; or (vii)&nbsp;enter into any collective bargaining agreement or recognize or certify any labor organization as the bargaining representative for any employees of
the Company or its subsidiaries; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">agree to take any of the foregoing actions described in the bullets above. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_63"></A>Other Covenants and Agreements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B></B><I>Stockholders&#8217; Meeting</I><B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger
agreement requires the Company to, as promptly as reasonably practicable after the SEC confirms it has no further comments on this proxy statement, duly call, give notice of, convene and hold a meeting of the Company&#8217;s stockholders for the
purpose of: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">seeking the Company Stockholder Approval of the Merger Proposal; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">in accordance with Section&nbsp;14A of the Exchange Act and the applicable SEC rules issued thereunder, seeking <FONT
STYLE="white-space:nowrap">non-binding,</FONT> advisory approval of the Compensation Proposal. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company agreed to use its reasonable
best efforts to (i)&nbsp;cause this proxy statement to be mailed to the Company&#8217;s Class&nbsp;A Common Stockholders; and (ii)&nbsp;subject to certain limitations described in &#8220;<I>&#8212;Restrictions on Solicitation and Adverse
Recommendation Change</I>&#8221; beginning on page&nbsp;107, solicit the Company Stockholder Approval. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">106 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_64"></A>Restrictions on Solicitation and Adverse Recommendation Change </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Except as set forth in certain sections of the merger agreement described below, the Company will, and will cause each of its subsidiaries, and its and their
officers, directors, managers or employees, and will instruct its accountants, consultants, legal counsel, financial advisors and agents and other representatives (collectively, &#8220;<B>representatives</B>&#8221;) of the Company or its
subsidiaries, to: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">immediately cease any existing solicitations, discussions or negotiations with any persons that may be ongoing
with respect to any alternative proposal or any proposal that could be reasonably expected to result in an &#8220;alternative proposal&#8221; (as defined below); and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">from the date of the merger agreement until the earlier of the effective time of the merger or the date (if any)
on which the merger agreement is terminated pursuant to the terms of the merger agreement, not, and not to publicly announce any intention to, directly or indirectly: </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">solicit, initiate, knowingly encourage or knowingly facilitate any inquiry, discussion, offer or request that
constitutes, or could reasonably be expected to lead to, an alternative proposal, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information regarding the Company and its
subsidiaries to any person in connection with an inquiry or an alternative proposal, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">enter into, continue or maintain discussions or negotiations with any person with respect to an inquiry or an
alternative proposal, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">otherwise cooperate with or assist or participate in or facilitate any discussions or negotiations (other than
informing persons of the applicable provisions of the merger agreement or contacting any person making an alternative proposal to ascertain facts or clarify terms and conditions for the sole purpose of the Air Lease Board reasonably informing itself
about such alternative proposal) regarding, or furnish or cause to be furnished to any person or group (as such term is defined in Section&nbsp;13(d) under the Exchange Act) any <FONT STYLE="white-space:nowrap">non-public</FONT> information with
respect to, or take any other action to facilitate any inquiries or the making of any proposal that constitutes, or could be reasonably expected to result in, an alternative proposal, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">approve, agree to, accept, endorse or recommend any alternative proposal, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">submit to a vote of its stockholders, approve, endorse or recommend any alternative proposal,
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">effect any adverse recommendation change, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">enter into any letter of intent or agreement in principle or any agreement providing for any alternative
proposal (except for acceptable confidentiality agreements) or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">amend, or grant a waiver or release under, (A)&nbsp;any standstill or similar agreement with respect to any
Class&nbsp;A Common Stock of the Company or (B)&nbsp;any applicable anti-takeover law or anti-takeover provision in the Company&#8217;s organizational documents. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Notwithstanding anything to the contrary in the paragraph immediately above, if the Company or any of its subsidiaries or any of its or their respective
representatives receives an alternative proposal by any person or group at any time prior to the special meeting, there has been no material breach of the obligations described in the paragraph immediately above that resulted in such alternative
proposal and the Air Lease Board (or any committee thereof) has determined, in its good faith judgment (after consultation with the Company&#8217;s financial advisors and outside legal counsel), that such alternative proposal constitutes or would
reasonably be expected to lead to a &#8220;superior proposal&#8221; (as defined below) and that the failure to take such action would be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable law, the Company and
its representatives may, prior to the special meeting: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information to and afford access to the business,
employees, officers, contracts, properties, assets, books and records of the Company and its subsidiaries to any person in response to such alternative proposal, pursuant to the prior execution of (and the Company and/or its subsidiaries may enter
into) an acceptable confidentiality agreement; and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">107 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">enter into and engage in discussions or negotiations with any person with respect to an inquiry or an alternative
proposal. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In the event the Company receives any alternative proposal or any inquiry, it will be subject to certain notice requirements,
including keeping Parent reasonably informed on a prompt basis of any material developments regarding the alternative proposal and providing a copy or summary of the material terms thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Notwithstanding anything in the merger agreement to the contrary, at any time prior to the special meeting, the Air Lease Board may: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">in the case of an intervening event or if the Company has received a superior proposal (after taking into account
the terms of any revised offer by Parent), and provided there has been no material breach of the <FONT STYLE="white-space:nowrap">non-solicitation</FONT> provisions of the merger agreement that resulted in such superior proposal, the Air Lease Board
may cause the Company to withdraw, qualify or modify, or propose publicly to withdraw, qualify or modify, in a manner adverse to Parent, the Company recommendation or take any action, or make any public statement, filing or release inconsistent with
the Company recommendation (any of the foregoing being an &#8220;<B>adverse recommendation change</B>&#8221;) (including recommending against the merger or approving, endorsing or recommending any alternative proposal) </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the Company has received a superior proposal (after taking into account the terms of any revised offer by
Parent), terminate the merger agreement to enter into a definitive written agreement providing for such superior proposal simultaneously with the termination of the merger agreement </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">in the case of the preceding two bullets, if the Air Lease Board has determined in good faith, after consultation
with outside legal counsel, that the failure to take such action would reasonably be expected to be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable law, <U>provided</U> that the Air Lease Board may not make
an adverse recommendation change or, in the case of a superior proposal, terminate the merger agreement, unless: </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">the Company has provided prior written notice to Parent at least five business days in advance (the
&#8220;<B>notice period</B>&#8221;) of taking such action, which notice will advise Parent of the circumstances giving rise to the adverse recommendation change, and, in the case of a superior proposal, that the Air Lease Board has received a
superior proposal and will include a copy of such superior proposal (or, where no such copy is available, a description of the material terms and conditions of such superior proposal); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">during the notice period, the Company has negotiated with Parent in good faith (to the extent Parent desires to
so negotiate) to make such adjustments in the terms and conditions of the merger agreement so that, in the case of a superior proposal, such superior proposal ceases to constitute (in the good faith judgment of the Air Lease Board) a superior
proposal, or in the case of an intervening event, the failure to make such adverse recommendation change (in the judgment of the Air Lease Board after consultation with the Company&#8217;s financial advisors and outside legal counsel) would no
longer be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable law; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">the Air Lease Board has determined in good faith, after considering the results of such negotiations and giving
effect to any proposals, amendments or modifications made or agreed to by Parent, if any, and after consultation with the Company&#8217;s financial advisors and outside legal counsel, that, in the case of a superior proposal, such superior proposal
remains a </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">108 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
superior proposal or, in the case of an intervening event, that the failure to make such adverse recommendation change continues to be inconsistent with the directors&#8217; exercise of their
fiduciary duties under applicable law. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If during the notice period any material revisions are made to the superior proposal, the Company
will deliver a new written notice to Parent and will comply with the requirements described in this paragraph with respect to such new written notice, <U>provided</U>, <U>however</U>, that for purposes of this sentence, references to the five
business day period above will be deemed to be references to the longer of (x)&nbsp;the original five-business day period and (y)&nbsp;a three-business day period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Nothing contained in the merger agreement will prevent the Company or the Air Lease Board from issuing a &#8220;stop, look and listen&#8221; communication
pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14d-9(f)</FONT> under the Exchange Act or complying with <FONT STYLE="white-space:nowrap">Rule&nbsp;14d-9</FONT> and <FONT STYLE="white-space:nowrap">Rule&nbsp;14e-2</FONT> under the Exchange
Act with respect to an alternative proposal or from making any disclosure to the Company&#8217;s stockholders if the Air Lease Board (after consultation with outside legal counsel) concludes that its failure to do so would reasonably be expected to
be inconsistent with its fiduciary duties under applicable Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For purposes of this proxy statement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">An &#8220;alternative proposal&#8221; means any proposal or offer (whether or not in writing), with respect to any: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">merger, consolidation, share exchange, other business combination, tender offer, share purchase or similar
transaction involving or relating to the Company that would result in any person or group beneficially owning 20% or more of the outstanding equity interests of the Company or any successor or parent company thereto; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">sale, contribution or other disposition, directly or indirectly (including by way of merger, consolidation, share
exchange, other business combination, partnership, joint venture, sale of share capital of or other equity interests in a subsidiary of the Company or otherwise) of any business or assets of the Company or its subsidiaries representing 20% or more
of the consolidated revenues, net income or assets of the Company and its subsidiaries, taken as a whole; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">issuance, sale or other disposition, directly or indirectly, to any person (or the stockholders of any person) or
group of securities (or options, rights or warrants to purchase, or securities convertible into or exchangeable for, such securities) representing 20% or more of the voting power of the Company; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">transaction in which any person (or the stockholders of any person) will acquire, directly or indirectly,
beneficial ownership, or the right to acquire beneficial ownership, or formation of any group which beneficially owns or has the right to acquire beneficial ownership of, 20% or more of the Class&nbsp;A Common Stock of the Company or securities (or
options, rights or warrants to purchase, or securities convertible into or exchangeable for, such securities) representing 20% or more of the voting power of the Company; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any combination of the foregoing (in each case, other than the merger or the other transactions contemplated by
the merger agreement). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">A &#8220;superior proposal&#8221; means any bona fide proposal or offer made by a third party or group
(i)&nbsp;that did not result from a material breach of Section&nbsp;5.04 of the merger agreement and (ii)&nbsp;pursuant to which </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">109 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
such third party or group (or the stockholders of such third party or group) would acquire, directly or indirectly, more than 50% of the Class&nbsp;A Common Stock or assets of the Company and its
subsidiaries, taken as a whole: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">on terms which the Air Lease Board determines in good faith (after consultation with outside counsel and a
financial advisor of nationally recognized reputation) to be more favorable from a financial point of view to the holders of Class&nbsp;A Common Stock than the merger, taking into account all the terms and conditions of such proposal and the merger
agreement (including any changes proposed by Parent to the terms of the merger agreement) and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the conditions to the consummation of which are reasonably capable of being satisfied, taking into account all
financial, regulatory, legal and other aspects of such proposal. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_65"></A>Efforts to Consummate </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to the terms and conditions of the merger agreement, each of Parent and the Company agreed to use their respective reasonable best efforts to
reasonably promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under the merger agreement and applicable Laws to consummate and make effective as reasonably promptly as
practicable after the date of the merger agreement the transactions contemplated by the merger agreement (including the merger and the Orderbook Transfer), including: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">preparing and filing with applicable governmental entities as reasonably promptly as practicable all necessary
applications, notices, disclosures, petitions, filings, ruling requests, and other documents and to obtain as reasonably promptly as practicable all consents necessary or advisable to be obtained from any governmental entity in order to consummate
the transactions contemplated by the merger agreement (including the merger and the Orderbook Transfer) (collectively, the &#8220;<B>governmental approvals&#8221;</B>); and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">as promptly as reasonably practicable taking all steps as may be necessary to obtain all such governmental
approvals. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In furtherance and not in limitation of the covenants of the parties described in the foregoing paragraphs, but subject to
the paragraph immediately below this paragraph, Parent and the Company will take any and all steps not prohibited by law to: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">avoid the entry of, or to have vacated, lifted, reversed or overturned any judgment or injunction, whether
temporary, preliminary or permanent, that would restrain, prevent or delay the closing on or before the End Date, including defending (with sufficient time for resolution in advance of the End Date) through litigation on the merits any claim
asserted in any court with respect to the transactions contemplated by the merger agreement by the FTC, the DOJ, or any other applicable governmental entity or any private party in connection with any antitrust law; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">avoid or eliminate each and every impediment under any antitrust law or foreign investment law, including by:
(A)&nbsp;consent decree, hold separate order, or otherwise, the sale, divestiture or disposition of such businesses, product lines or assets of Parent, the Company and their respective subsidiaries, (B)&nbsp;terminating existing relationships and
contractual rights and obligations, terminating any venture or other arrangement, creating any relationship, contractual rights or obligations of Parent or the Company of any of their respective subsidiaries, or effectuating any other changes or
restructuring of Parent, the Company or any of their respective subsidiaries, (C)&nbsp;creating any relationship, contractual rights or obligations of the Company or Parent or their respective subsidiaries, (D)&nbsp;opposing, including through
litigation and reasonable avenues of appeal, (i)&nbsp;any administrative or judicial action or proceeding that is initiated or </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">110 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
threatened to be initiated challenging the merger agreement or the consummation of the merger or the other transactions contemplated by the merger agreement and (ii)&nbsp;any request for the
entry of, and seek to have vacated, any order that would restrain, prevent or materially delay the consummation of the transactions contemplated by the merger agreement, in the case of (i)&nbsp;and (ii) as may be required to resolve any objections
as a governmental entity may have under the HSR Act, any antitrust law, any foreign investment law or any other applicable law, and/or to avoid the entry of, or to effect the dissolution, vacating, lifting, altering or reversal of, any order that
has the effect of restricting, preventing or prohibiting the consummation of the transactions contemplated by the merger agreement, commencing and/or defending any suit, action or other proceeding before any court or other applicable governmental
entity, and pursuing all reasonably available avenues of appeal thereto, as may be required in order to resolve any objections as a governmental entity may have to such transactions under the HSR Act, any antitrust law or any foreign investment law
and avoid the entry of, or to effect the dissolution, vacating, lifting, altering or reversal of, any order that has the effect of restricting, preventing or prohibiting the consummation of the transactions contemplated by the merger agreement or
taking any action and/or accepting any condition required by a governmental entity in connection with any governmental approval, and otherwise taking or committing to take action that would limit Parent&#8217;s and/or its subsidiaries&#8217; ability
to operate and/or retain, one or more of the businesses, product lines or assets of Parent, the Company and/or their respective subsidiaries, subject to certain exceptions as set forth in the merger agreement. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Notwithstanding anything to the contrary in the merger agreement, in no event will Parent, any of the Investors or any of their respective affiliates be
required to (x)&nbsp;take any actions with respect to any existing businesses, product lines or assets of any of the Investors or any of their respective affiliates (other than Parent and its subsidiaries (including the Company and the
Company&#8217;s subsidiaries following the merger)), or (y)&nbsp;take any action contemplated by the foregoing bullet or otherwise take any action or permit or suffer to exist any material restriction, condition, limitation or requirement, that, in
the case of this clause (y), would or would reasonably be expected to (when taken together with all other such actions, restrictions, conditions, limitations and requirements), (1) materially diminish the value (commercial or otherwise) of the
Company and its subsidiaries (taken as a whole and giving effect to the closing) or (2)&nbsp;materially reduce the benefits reasonably expected to be derived by Parent or any of the Investors and their respective affiliates from the transactions
contemplated thereby following the closing, including by materially reducing the benefits reasonably expected to be derived from the Orderbook Transfer or the servicing arrangements contemplated to be entered into by Parent and SMBC AC with respect
to the servicing by SMBC AC of certain Company owned aircraft; provided, further, that neither Parent nor the Company is required to take any action contemplated by the foregoing bullet that is not conditioned upon, or would be effective prior to,
the closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_66"></A>Access to Information; Confidentiality </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to applicable law, during the period from the date of the merger agreement to the effective time of the merger, the Company will, and will cause each
of its subsidiaries to, afford to Parent and to the representatives of Parent and SMBC AC reasonable access, upon reasonable advance notice, during normal business hours during the period prior to the effective time of the merger, to all their
respective properties, books, contracts, personnel (including for purposes of discussing retention and other post-closing employment arrangements) and records and furnish reasonably promptly to Parent all other information concerning its business,
assets, liabilities, properties and personnel as Parent may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">111 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
reasonably request (in each case, in a manner so as to not unreasonably interfere with the normal business operations of the Company or any of its subsidiaries), subject to certain exceptions.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_67"></A>Directors&#8217; and Officers&#8217; Indemnification </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">From and after the effective time of the merger, the surviving corporation will indemnify and hold harmless each individual who was prior to or is as of the
date of the merger agreement, or who becomes prior to the effective time of the merger, a director, officer or employee of the Company or any of its subsidiaries or who was prior to or is as of the date of the merger agreement, or who thereafter
commences prior to the effective time of the merger, serving at the request of the Company or any of its subsidiaries as a director, officer or employee of another person (the &#8220;<B>Company Indemnified Parties</B>&#8221;), against all claims,
losses, liabilities, damages, judgments, inquiries, fines and fees, costs and expenses, including reasonable attorneys&#8217; fees and disbursements, incurred in connection with any claim, action, suit or proceeding, whether civil, criminal,
administrative or investigative, arising out of or pertaining to the fact that the Company Indemnified Party is or was a director, officer or employee of the Company or any of its subsidiaries or is or was serving at the request of the Company or
any of its subsidiaries as a director, officer or employee of another person, whether asserted or claimed prior to, at or after the effective time of the merger, to the fullest extent permitted under applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The surviving corporation is obligated to maintain directors&#8217; and officers&#8217; liability insurance and fiduciary liability insurance for six
(6)&nbsp;years following the effective time of the merger (or, at the Company&#8217;s option, the Company may purchase &#8220;tail&#8221; directors&#8217; and officers&#8217; liability insurance and fiduciary liability insurance for a period of six
(6)&nbsp;years), <U>provided</U> that the surviving corporation is not required to pay an annual premium in excess of 300% of the aggregate annual premium most recently paid by the Company prior to the date of the merger agreement (the
&#8220;<B>maximum amount</B>&#8221;) for such insurance, and if the surviving corporation is unable to obtain the insurance required by this paragraph it will obtain as much comparable insurance as possible for each year within such six
(6)&nbsp;year period for an annual premium equal to the maximum amount. In lieu of such insurance, prior to the closing of the merger, the Company may, at its option, purchase &#8220;tail&#8221; directors&#8217; and officers&#8217; liability and
fiduciary liability insurance for a period of six (6)&nbsp;years for the Company and its current and former directors and officers who are currently covered by the directors&#8217; and officers&#8217; liability and fiduciary liability insurance
currently maintained by the Company, such &#8220;tail&#8221; insurance to provide coverage in an amount not less than the existing coverage and to have other terms not less favorable to the insured persons than the directors&#8217; and
officers&#8217; liability and fiduciary liability insurance currently maintained by the Company with respect to claims arising from facts or events that occurred at or before the closing of the merger; <U>provided</U> that in no event shall the cost
of any such tail insurance exceed the maximum amount, and if the Company is unable to obtain such &#8220;tail&#8221; insurance, it shall obtain as much comparable &#8220;tail&#8221; insurance as possible for such
<FONT STYLE="white-space:nowrap">six-year</FONT> period for an aggregate premium equal to the maximum amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_68"></A>Transaction
Litigation </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to entry into a customary joint defense agreement, the Company will give Parent the opportunity to consult with the Company and
participate in the defense or settlement of any stockholder litigation against the Company, any of the Company&#8217;s subsidiaries and/or their respective directors or officers (the &#8220;<B>Company Parties</B>&#8221;) relating to the merger or
the other transactions contemplated by the merger agreement.&nbsp;None of the Company, any of its subsidiaries or any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">112 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
representative of the Company will compromise, settle or come to an arrangement regarding any such stockholder litigation, in each case unless Parent will have consented in writing,
<U>provided</U> that the Company may compromise, settle or come to an agreement regarding stockholder litigation made or pending against a Company Party after consultation with Parent, if the resolution of such litigation requires payment from the
Company or any of its subsidiaries or any of its or their representatives in an amount that together with all other such payments does not exceed a specified amount and/or the provision of disclosures to the stockholders of the Company relating to
the merger (which disclosures shall be subject to review and comment by Parent), and the settlement provides for no material injunctive relief. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_69"></A>Section&nbsp;16 Matters </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Prior to the effective time of the merger, the Company and Merger Sub have each agreed to take all such steps as may be
required to cause any dispositions of shares of Class&nbsp;A Common Stock (including derivative securities with respect to shares of Class&nbsp;A Common Stock, including Company RSUs and Company PSUs) resulting from the merger and the other
transactions contemplated by the merger agreement by each individual is a director or executive officer of the Company and who would otherwise be subject to <FONT STYLE="white-space:nowrap">Rule&nbsp;16b-3&nbsp;promulgated</FONT> under the Exchange
Act to be exempt under such rule to the extent permitted by applicable Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_70"></A>Employment and Company Benefits </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">one-year</FONT> period following the closing of the merger (or, such shorter period of employment, as the case may
be), Parent will, or will cause the surviving corporation to, provide each employees of the Company or any subsidiary of the Company who remains employed with the surviving corporation or any other affiliate of Parent immediately following the
closing of the merger (each, a &#8220;Company Employee&#8221; with (i)&nbsp;a base salary or hourly wage rate that is at least equal to the base salary or hourly wage rate provided to the Company Employee immediately prior to the closing of the
merger; (ii)&nbsp;short-term cash incentive opportunities that are at least equal to the short-term cash incentive opportunities in effect for the Company Employee immediately prior to the closing of the merger, which short-term cash incentive
opportunities shall, for the year of closing, have the same termination protections as those provided under the Annual Bonus Plan (as defined below) (less certain amounts); (iii) target long-term incentive opportunities that are at least equal to
the target long-term incentive opportunities in effect for the Company Employee immediately prior to the closing of the merger (provided that such opportunities may be provided in the form of cash rather than equity) and (iv)&nbsp;employee benefits
(excluding any equity-based or other long-term incentives, retiree health and welfare benefits and defined benefit pension benefits) that, with respect to each Company Employee, are no less favorable in the aggregate than the employee benefits
provided by the Company or any subsidiary of the Company to such Company Employee immediately prior to the closing of the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">With respect to the
Company&#8217;s annual bonus plan, for the calendar year in which the closing occurs, Parent will, or will cause the surviving corporation or their respective affiliates to, pay to each Company employee who remains employed with Parent, the
surviving corporation or their respective affiliates through the closing, such employee&#8217;s target annual bonus (i)&nbsp;prorated based on the number of days elapsed during the period commencing on the first day of such calendar year and ending
on the closing date, (ii)&nbsp;payable solely in the form of cash and (iii)&nbsp;except in respect of the Deferred Bonus Plan, payable within 10 days following the closing date. If the closing occurs in calendar year 2025, the Closing Year Annual
Bonus will be determined based upon the greater of target performance and the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">113 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
actual level of performance, extrapolated through the end of the calendar year based on actual performance through the closing date, as determined by the Leadership Development and Compensation
Committee of the Air Lease Board prior to the closing (in consultation with Parent) and the Closing Year Annual Bonus will not be subject to proration. Any employee who is covered under a severance arrangement must, as a condition of receiving the
Closing Year Annual Bonus, execute a written agreement (in form and substance reasonably acceptable to Parent) that the Closing Year Annual Bonus will reduce, on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis, any pro rata annual bonus obligations due for the year of closing under such severance arrangement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_71"></A>Financing Efforts; Financing Cooperation </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each of Parent and Merger Sub will use, and will cause its representatives and controlled affiliates to use, reasonable best efforts to take, or cause to be
taken, all actions and to use reasonable best efforts to do, or cause to be done, all things necessary, proper or advisable to arrange, obtain and consummate any portion of the debt financing (and any takeout financing) that is necessary in order
for Parent and Merger Sub to pay the (i)&nbsp;aggregate merger consideration, (ii)&nbsp;repayment or refinancing of any indebtedness required as a result of the merger, and (iii)&nbsp;all fees and expenses in connection with the merger and the other
transactions contemplated by the merger agreement, no later than the closing of the merger on the terms and subject only to the conditions set forth in the Debt Commitment Letter as of the date of the merger agreement (or, in the case of a takeout
financing, the applicable conditions thereto). It is not a condition to any of Parent&#8217;s or Merger Sub&#8217;s obligations under the merger agreement, including to consummate the transactions as contemplated by the merger agreement, to obtain
any financing or refinancing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company will, and will instruct its representatives and cause the subsidiaries of the Company to, use reasonable best
efforts to provide customary cooperate to Parent and Merger Sub in connection with Parent&#8217;s efforts to obtain any financing in connection with consummation of the merger and other related transactions (provided that the requested cooperation,
among other things, is consistent with applicable law and does not unreasonably interfere with the normal operations of the Company and its subsidiaries), including by providing reasonably available financial and other pertinent information
regarding the Company and its subsidiaries. Parent will indemnify the Company, its subsidiaries and their respective representatives from and against any and all losses suffered or incurred by them in connection with the requested cooperation or any
information utilized in connection with the requested cooperation, subject to certain exceptions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company, on one hand, and Parent and Merger Sub, on
the other hand, will keep each other reasonably informed in reasonable detail and in a timely fashion of any actual or proposed Takeout Financing or Permitted Company Interim Financing (both as defined in the merger agreement) and coordinate and
cooperate with each other to achieve successful execution of such financing. The Company will provide Parent and Merger Sub no less than 20 business days&#8217; prior written notice of any proposed marketing or issuance of a Permitted Company
Interim Financing, and no marketing or issuance of such financing may be commenced without Parent&#8217;s prior written consent. The Company has agreed to use reasonable best efforts to provide cooperation to Parent and Merger Sub in the arrangement
and execution of a Qualified Bond (as defined in the merger agreement) issued by Parent or Merger Sub on behalf of the Company, by taking certain actions as set forth in the merger agreement. The Company may not commence any marketing efforts with
respect to debt financing other than as permitted under the merger agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">114 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_72"></A>Orderbook Transfer Cooperation </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Until the earlier of the closing of the merger and the date on which the merger agreement is terminated in accordance with its terms, the Company will provide
commercially reasonable cooperation to Parent and Merger Sub to facilitate the transfer of the orderbook to SMBC AC effective immediately following the closing of the merger, including by using its reasonable best efforts to (a)&nbsp;provide to
Parent, as of ten business days prior to the closing of the merger (or such other date as may be mutually agreed), a schedule setting forth, with respect to each undelivered orderbook aircraft as of such date, (i)&nbsp;the orderbook contract
relating to such undelivered orderbook aircraft, (ii)&nbsp;the orderbook lease applicable to such undelivered orderbook aircraft, if any, and (iii)&nbsp;the total amount of predelivery payments paid to the applicable OEMs under the applicable
orderbook contract as of the most recent date for such information is available to the Company, (b)&nbsp;obtain such consents from the applicable OEMs as may be required in connection with the Orderbook Transfer and the other transactions
contemplated by the merger agreement and (c)&nbsp;enter into the required documentation in order to novate or otherwise transfer the applicable orderbook contracts to SMBC AC or its designated affiliate effective upon the closing of the merger and
on terms and conditions reasonably acceptable to Parent. The receipt of consent from any OEM to the novation or transfer of any orderbook contracts is not a condition to the closing of the merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_73"></A>Stock Exchange Delisting; Deregistration </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Prior to the closing, the Company has agreed to cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions
reasonably necessary, proper or advisable under applicable Law and the rules and policies of the NYSE to enable the delisting by the surviving corporation of the Class&nbsp;A Common Stock from the NYSE and the deregistration of the Class&nbsp;A
Common Stock under the Exchange Act as promptly as practicable after the effective time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><A NAME="rom28474_74"></A>Parent&#8217;s Obligation to Cause
Affiliates to Comply </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Under the merger agreement, Parent has agreed to cause each of Merger Sub and any other applicable affiliate of Parent to comply
with and perform all of its obligations under or relating to the merger agreement, including in the case of Merger Sub to consummate the merger on the terms and conditions set forth in the merger agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_75"></A>Conditions to the Merger </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The
respective obligation of each party to effect the merger is subject to the satisfaction or, to the extent permitted by law, waiver at or prior to the closing of the following conditions: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the approval and adoption of the Merger Proposal by the affirmative vote of a majority of the shares of
Class&nbsp;A Common Stock outstanding and entitled to vote at a Company stockholder meeting; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">(i) the expiration or termination of any waiting period (and any extension thereof) applicable to the merger and
the other transactions contemplated by the merger agreement (including the Orderbook Transfer) under the HSR Act, (ii)&nbsp;the receipt of CFIUS approval, and (iii)&nbsp;the filing, occurrence or receipt of applicable authorizations, consents,
orders or approvals of, or declarations or filings with, and the expirations or terminations of waiting periods required by, applicable governmental entities, and all such required regulatory approvals described in the foregoing clauses (i)-(iii)
being in full force and effect; and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">115 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">no applicable law and no judgment, preliminary, temporary or permanent, or other legal restraint or prohibition
and no binding order or determination by any governmental entity will be in effect that prevents, makes illegal or prohibits the consummation of the merger and the other transactions contemplated thereby, including the Orderbook Transfer.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligations of the Company to consummate the merger are further subject to the satisfaction or, to the extent permitted by law,
waiver at or prior to the closing of the following conditions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the accuracy of the representations and warranties of Parent and Merger Sub in the merger agreement as of the
date of the merger agreement and as of the closing of the merger (except to the extent expressly made as of an earlier date, in which case as of such earlier date); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the performance by Parent and Merger Sub in all material respects of all obligations required to be performed by
them under the merger agreement at or prior to the closing of the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the delivery by Parent to the Company of a certificate, dated as of the closing of the merger and signed by an
authorized officer of Parent, certifying to the effect that certain conditions set forth in the merger agreement have been satisfied. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The obligations of Parent and Merger Sub to consummate the merger are further subject to the satisfaction or, to the extent permitted by law, waiver at or
prior to the closing of the following conditions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the accuracy of the Company&#8217;s representations and warranties in the merger agreement, subject to applicable
materiality or other qualifiers, as of the date of the merger agreement and as of the closing of the merger (except to the extent expressly made as of an earlier date, in which case as of such earlier date); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the absence of a Company Material Adverse Effect (as defined in the section of this proxy statement entitled
&#8220;<I>&#8212;Company Representations and Warranties</I>&#8221;); </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the performance by the Company in all material respects of all obligations required to be performed by it under
the merger agreement at or prior to the closing of the merger; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the delivery by Company to Parent of a certificate, dated as of the closing of the merger and signed by the Chief
Executive Officer or Chief Financial Officer of the Company, certifying to the effect that certain conditions set forth in the merger agreement have been satisfied. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_76"></A>Termination </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger
agreement may be terminated at any time prior to the effective time of the merger, whether before or after receipt of the Company Stockholder Approval, by mutual written consent of the Company and Parent. In addition, either the Company or Parent
may terminate the merger agreement: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the merger is not consummated on or before the End Date; <U>provided</U>, <U>however</U>, that this
termination right is not available to a party whose breach or failure to fulfill any obligation under the merger agreement results in the failure of the merger to be consummated by the End Date, <U>provided</U>, <U>further</U>, that if on the End
Date all of the closing conditions, as described in &#8220;<I>&#8212;Conditions to the Merger</I>&#8221; beginning on page&nbsp;115, have been satisfied or waived (other than those conditions which by their terms are to be satisfied by the delivery
of documents or taking of any other action at the closing of the merger by any party, but subject to the satisfaction (or&nbsp;waiver) of such conditions at the closing) other than the required regulatory approvals condition or the Legal Restraints
condition, then the End Date will be automatically extended to </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">116 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
September&nbsp;1, 2026; <U>provided</U> that if on September&nbsp;1, 2026, all of the closing conditions, as described in &#8220;<I>&#8212;Conditions to the Merger</I>&#8221; beginning on
page&nbsp;115, have been satisfied or waived (other than those conditions which by their terms are to be satisfied by the delivery of documents or taking of any other action at the closing of the merger by any party, but subject to the satisfaction
(or waiver) of such conditions at the closing) other than the Required Regulatory Approvals condition or the Legal Restraints condition, then the End Date will be automatically extended to December&nbsp;1, 2026, in which case the End Date will be
deemed for all purposes to be such later date; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the Legal Restraints condition is not satisfied and the legal restraint giving rise to such <FONT
STYLE="white-space:nowrap">non-satisfaction</FONT> shall have become final and <FONT STYLE="white-space:nowrap">non-appealable,</FONT> <U>provided</U> that the terminating party shall have complied with its obligations under the regulatory efforts
covenant; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the Company Stockholder Approval shall not have been obtained at a duly convened meeting of the stockholders
or any adjournment or postponement thereof at which a vote on the merger was taken. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company may also terminate the merger
agreement: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if Parent or Merger Sub has breached any representation, warranty, covenant or agreement contained in the merger
agreement, or if any representation or warranty of Parent or Merger Sub has become untrue, in each case, such that the Parent representation condition or the Parent covenant condition could not be satisfied as of the closing date of the merger,
<U>provided</U> that the Company may not terminate the merger agreement pursuant to this provision unless any such breach or failure to be true has not been cured by the earlier of (i) 60 days after written notice by the Company to Parent informing
Parent of such breach or failure to be true and (ii)&nbsp;the End Date, and provided further that the Company may not terminate the merger agreement pursuant to this provision if the Company is then in breach of the merger agreement in any material
respect; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">prior to receipt of the Company Stockholder Approval, in order to enter into a definitive written agreement
providing for a superior proposal in accordance with the merger agreement, <U>provided</U> that the Company pays the termination fee prior to or simultaneously with such termination; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if (i)&nbsp;all of the conditions to Parent and Merger Sub&#8217;s obligations to effect the merger (including
the mutual conditions to each party&#8217;s obligations to effect the merger) (as described in &#8220;<I>&#8212;Conditions to the Merger</I>&#8221; beginning on page&nbsp;115) have been satisfied or waived (other than those conditions which by their
terms are to be satisfied by the delivery of documents or taking of any other action at the closing of the merger by any party, but subject to the satisfaction (or waiver) of such conditions at the closing), (ii)&nbsp;Parent fails to consummate the
transactions contemplated by the merger agreement on the date which the closing should have occurred pursuant to the merger agreement, (iii)&nbsp;the Company has notified Parent in writing that the Company is ready, willing and able to effect the
closing of the merger (subject to the satisfaction of all of the conditions to Parent and Merger Sub&#8217;s obligations to effect the merger (including the mutual conditions to each party&#8217;s obligations to effect the merger)), and
(iv)&nbsp;Parent fails to consummate the closing of the merger within ten business days after the delivery of the notice described in the immediately preceding clause&nbsp;(iii). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent may also terminate the merger agreement: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">if the Company has breached any representation, warranty, covenant or agreement contained in&nbsp;the merger
agreement, or if any representation or warranty of the Company has become untrue, in each case, such that the Company representation condition or the Company covenant </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">117 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
condition could not be satisfied as of the closing date of the merger, <U>provided</U> that Parent may not terminate the merger agreement pursuant to this provision unless any such breach or
failure to be true has not been cured by the earlier of (i) 60 days after written notice by Parent to the Company informing the Company of such breach or failure to be true and (ii)&nbsp;the End Date, and provided further that Parent may not
terminate the merger agreement pursuant to this provision if Parent or Merger Sub is then in breach of the merger agreement in any material respect; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">prior to the special meeting, in the event that an adverse recommendation change shall have occurred.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_77"></A>Termination Fees and Remedies </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Except as specifically provided in the merger agreement, the parties have agreed that all fees and expenses incurred in connection with the merger and the
other transactions contemplated by the merger agreement will be paid by the party incurring such fees or expenses, whether or not such transactions are consummated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Company has agreed to pay to Parent a termination fee of $225,000,000 if: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the Company terminates the merger agreement prior to receipt of the Company Stockholder Approval in order to
enter into a definitive written agreement providing for a superior proposal; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Parent terminates the merger agreement prior to the special meeting, in the event an adverse recommendation
change shall have occurred; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">after the date of the merger agreement: </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">an alternative proposal shall have been made by a third party to the Company and not publicly withdrawn prior
to the special meeting or shall have been made directly to the Company&#8217;s stockholders generally by a third party and not publicly withdrawn prior to the special meeting; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:75%; vertical-align:top"><FONT STYLE="FONT-SIZE:95%">&#9675;</FONT></SUP>&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">thereafter the merger agreement is terminated because the Company Stockholder Approval was not obtained at a
duly convened stockholders meeting or any adjournment or postponement thereof at which a vote on the merger was taken; and </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">within
twelve (12)&nbsp;months of such termination, (x)&nbsp;the Company enters into a definitive contract for an alternative proposal and such alternative proposal is consummated (whether during or after such twelve (12)&nbsp;month period) or (y)&nbsp;an
alternative proposal is consummated, <U>provided</U> that for purposes of this bullet, the references to 20% in the definition of &#8220;alternative proposal&#8221; shall be deemed to be references to 50.1%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Parent has agreed to pay the Company a termination fee of $350,000,000 if: either Parent or the Company terminates the merger agreement (x)&nbsp;if there is a
Legal Restraint, such Legal Restraint is final and <FONT STYLE="white-space:nowrap">non-appealable</FONT> and the such Legal Restraint results from a failure to obtain a required regulatory approval or (y)&nbsp;if the merger is not consummated on or
before the End Date or the extension of the End Date, if applicable; and, in either case of clause (x)&nbsp;or (y), on the termination date the only conditions to closing of the merger that have not been satisfied are the conditions relating to the
receipt of regulatory approvals and the absence of Legal Restraint (only if the applicable Legal Restraint giving rise to such termination right results from a failure to obtain a required regulatory approval); <U>provided</U> that the termination
fee will not be payable to the Company if the Company&#8217;s breach of the merger agreement was the primary cause of, or primarily resulted in, the failure of the applicable conditions to be satisfied. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">118 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The parties have agreed that, except in the case of fraud or willful breach of the merger agreement, the
payment of the termination fee will be the sole and exclusive remedy available to Parent and Merger Sub with respect to the merger agreement and the transactions contemplated thereby in the event any such payment becomes due and payable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_78"></A>Assignment; Amendments and Waivers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Neither Parent, Merger Sub nor the Company may assign its respective rights, interests or obligations under the merger agreement without the prior written
consent of the other parties; <U>provided</U> that the rights, interests and obligations of Merger Sub may be assigned to another direct or indirect wholly owned subsidiary of Parent so long as such assignment is not reasonably expected to prevent
or materially delay, interfere with, impair or hinder consummation of the merger and transactions contemplated thereby, but no such assignment shall relieve Merger Sub of any of its obligations under the merger agreement. Any purported assignment
without such consent shall be void. Subject to the preceding sentences, the merger agreement is binding upon, inure to the benefit of, and be enforceable by the parties and their respective successors and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger agreement provides that it may be amended by the parties at any time before or after receipt of the Company Stockholder Approval, <U>provided</U>
that (i)&nbsp;after receipt of the Company Stockholder Approval, there will be made no amendment that by law requires further approval by the Company&#8217;s stockholders without the further approval of such stockholders, and (ii)&nbsp;except as
provided above, no amendment of the merger agreement will be submitted to be approved by the Company&#8217;s stockholders unless required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The
merger agreement provides that the parties, at any time prior to the effective time of the merger, may (i)&nbsp;extend the time for the performance of any of the obligations or other acts of the other parties, (ii)&nbsp;waive any inaccuracies in the
representations and warranties contained in the merger agreement or any document pursuant thereto, (iii)&nbsp;waive compliance with any covenants and agreements contained in the merger agreement, or (iv)&nbsp;waive the satisfaction of any of the
conditions contained in the merger agreement. No extension or waiver by the Company will require the approval of the Company&#8217;s stockholders unless such approval is required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><A NAME="rom28474_79"></A>Governing Law, Jurisdiction and Venue </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The merger agreement is governed by, and construed in accordance with, the laws of the State of Delaware. Parent, Merger Sub and the Company irrevocably agree
that any legal action or proceeding arising out of or relating to the merger agreement brought by any party or its affiliates against any other party or its affiliates shall be brought and determined in the Court of Chancery of the State of
Delaware; <U>provided</U> that if jurisdiction is not then available in the Court of Chancery of the State of Delaware, then any such legal action or proceeding may be brought in any federal court located in the State of Delaware or any other
Delaware state court. Each of the parties hereby irrevocably submits to the jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of
or relating to the merger agreement and the transactions contemplated thereby. Each of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in Delaware, other than actions in any
court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as described therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">119 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_80"></A>VOTING AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>The following summary describes certain material provisions of the voting agreement. This is qualified in its entirety by reference to the voting
agreement, which is attached to this proxy statement as Annex&nbsp;B and is incorporated by reference into this proxy statement. We encourage you to read carefully the voting agreement in its entirety, because this summary may not contain all the
information about the voting agreement that is important to you. The rights and obligations of the parties are governed by the express terms of the voting agreement and not by this summary or any other information contained in this proxy statement.
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">As a condition to Parent&#8217;s willingness to enter into the merger agreement and to proceed with the transactions contemplated thereby, including
the merger, each of our directors as well as executive officers Gregory Willis and Carol Forsyte (collectively, the &#8220;<B>Supporting Stockholders</B>&#8221;) entered into a voting agreement with Parent on September&nbsp;1, 2025, pursuant to
which they have agreed, among other things, to vote the shares of issued and outstanding Class&nbsp;A Common Stock owned by them (subject to certain excluded shares of Class&nbsp;A Common Stock and an aggregate cap of 4.99% of the Company&#8217;s
issued and outstanding Class&nbsp;A Common Stock being subject to the voting agreement) (A)&nbsp;(i) in favor of the Merger Proposal and (ii)&nbsp;in favor of any proposal to adjourn or postpone any Company stockholder meeting to a later date if the
Company or Parent proposes or requests such postponement or adjournment, and (iii)&nbsp;in favor of any other proposal considered and voted upon by the Company&#8217;s stockholders at any meeting (including the special meeting) necessary for the
consummation of the merger and the other transactions contemplated by the merger agreement and (B)&nbsp;against certain alternative proposals and certain other matters that would result in the Company being in breach of the merger agreement or
prevent, materially impede or materially delay consummation of the merger or any of the transactions contemplated by the merger agreement. Pursuant to the voting agreement, the Supporting Stockholders have agreed to vote an aggregate of 4.99% of the
issued and outstanding Class&nbsp;A Common Stock in favor of the Merger Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Beginning on the date of the voting agreement until the earlier of
(x)&nbsp;receipt of stockholder approval of the Merger Proposal and (y)&nbsp;the date the voting agreement is terminated, each Supporting Stockholder will not, directly or indirectly, (i)&nbsp;tender any Covered Shares (as defined in the voting
agreement) into any tender or exchange offer, (ii)&nbsp;create or permit to exist any liens on all or any portion of the Covered Shares, (iii)&nbsp;offer, sell or otherwise dispose of (collectively, &#8220;<B>Transfer</B>&#8221;) or enter into any
contract or other arrangement with respect to the Transfer of, any Covered Shares or beneficial ownership, voting power or any other interest thereof or therein (including by operation of law), (iv) grant any proxies or powers of attorney, deposit
any Covered Shares into a voting trust or enter into a voting agreement with respect to any Covered Shares that is inconsistent with the voting agreement or (v)&nbsp;commit or agree to take any of the foregoing actions, except that the Supporting
Stockholder may Transfer the Covered Shares (A)&nbsp;to such Supporting Stockholder&#8217;s controlled affiliates, (B)&nbsp;to any person by will or the laws of descent and distribution, (C)&nbsp;to any spouse, lineal descendants, siblings or
parents of such Supporting Stockholder by gift to achieve the estate planning objectives of such Supporting Stockholder, (D)&nbsp;to any trust or similar entity or any corporation, limited liability company or partnership (1)&nbsp;substantially all
of the economic interests of which are held by or for the benefit of such Supporting Stockholder or their spouse, lineal descendants, siblings or parents and (2)&nbsp;which is organized to achieve the estate planning objectives of such Supporting
Stockholder, (E)&nbsp;under any existing stock sale plan adopted in accordance with Rule <FONT STYLE="white-space:nowrap">10b5-1(c)</FONT> (Rule <FONT STYLE="white-space:nowrap">10b5-1)</FONT> under the Exchange Act for the sale of shares of
Class&nbsp;A Common Stock, (F)&nbsp;to any charitable organization that is tax exempt under Section&nbsp;501(c)(3) of the Code and (G)&nbsp;to satisfy any tax liability incurred by such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">120 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Supporting Stockholder in respect of vesting, exercise or settlement of Company RSUs and Company PSUs held by the stockholder, or (y)&nbsp;any Supporting Stockholder may Transfer in open market
transactions up to 15% of such stockholder&#8217;s respective Covered Shares in the aggregate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The voting agreement will automatically terminate upon the
earliest to occur of (a)&nbsp;the closing of the merger, (b)&nbsp;the termination of the merger agreement pursuant to its terms, (c)&nbsp;an adverse recommendation change (as defined in the merger agreement) by the Air Lease Board pursuant to the
merger agreement and (d)&nbsp;any modification, waiver or amendment to any provision of the merger agreement that is effected without a Supporting Stockholder&#8217;s prior written consent and that reduces the merger consideration or changes the
form of consideration being offered to the Class&nbsp;A Common Stockholders under the merger agreement (or other adverse effects described in the voting agreement). Certain provisions (such as those relating to expenses, amendment, waiver and
governing law) will survive the termination of the voting agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">121 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_81"></A>SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN BENEFICIAL OWNERS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Security
Ownership of the Company&#8217;s Directors and Executive Officers </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The table below describes Class&nbsp;A Common Stock ownership information by the
Company&#8217;s directors, named executive officers and all directors and executive officers as a group, as of October 10, 2025: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="55%"></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman"><B>Name<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Number&nbsp;of&nbsp;Beneficially&#8195;&#8195;</B><br><B>Owned Shares<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Percent<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP>&#8195;</B></TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B>Named Executive Officers and Directors</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John L. Plueger<SUP STYLE="font-size:75%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">826,764</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Steven <FONT STYLE="white-space:nowrap">F.&nbsp;Udvar-H&aacute;zy</FONT><SUP
STYLE="font-size:75%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">5,887,594</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">5.27%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Grant A. Levy<SUP STYLE="font-size:75%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">139,026</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol Forsyte<SUP STYLE="font-size:75%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">76,740</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory B. Willis</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">68,812</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Matthew J. Hart</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">57,516</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Yvette Hollingsworth Clark<SUP STYLE="font-size:75%; vertical-align:top">(8)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">22,551</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Cheryl&nbsp;Gordon&nbsp;Krongard<SUP STYLE="font-size:75%; vertical-align:top">(9)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">56,315</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Marshall O. Larsen<SUP STYLE="font-size:75%; vertical-align:top">(10)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">49,716</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Susan McCaw<SUP STYLE="font-size:75%; vertical-align:top">(11)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">28,119</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Robert A. Milton</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">47,529</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">*</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Ian M. Saines<SUP STYLE="font-size:75%; vertical-align:top">(10)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">51,978</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B>All Executive Officers and Directors, as a group (16&nbsp;persons)<SUP
STYLE="font-size:75%; vertical-align:top">(12)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">7,577,929</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">6.78%</TD></TR>
</TABLE> <DIV STYLE="line-height:12.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:24%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Less than 1% </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The address of each officer and director listed in the table above is: c/o Air Lease Corporation, 2000 Avenue
of the Stars, Suite 1000N, Los Angeles, California 90067. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Beneficial ownership is determined in accordance with the rules of the SEC. These rules generally provide that
a person is the beneficial owner of securities if they have or share the power to vote or direct the voting thereof, or to dispose or direct the disposition thereof, or have the right to acquire such powers within 60 days. Unless otherwise
indicated, each person has sole voting and investment power over the shares reported. Fractional shares have been rounded to the nearest whole share. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">In computing the percentage ownership of a person, shares of our Class&nbsp;A Common Stock subject to RSUs held
by that person which will vest within 60 days of October 10, 2025, are deemed to be outstanding. The shares subject to RSUs are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. All percentages
in the table are based on a total of 111,765,032 shares of our Class&nbsp;A Common Stock outstanding as of October 10, 2025. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Consists of 825,764 shares of Class&nbsp;A Common Stock held by Mr.&nbsp;Plueger over which Mr.&nbsp;Plueger
shares voting and investment power and 1,000 shares of Class&nbsp;A Common Stock held in the aggregate by Mr.&nbsp;Plueger&#8217;s children. Mr.&nbsp;Plueger disclaims beneficial ownership of the shares held directly by his children, except to the
extent of his pecuniary interest therein. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">122 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Consists of 1,384,491 shares of Class&nbsp;A Common Stock held directly by
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy;</FONT> 329,350 shares of Class&nbsp;A Common Stock held directly by Air Intercontinental, Inc.; 102,000 shares of Class&nbsp;A Common Stock held directly by Ocean Equities, Inc.; 36,000
shares of Class&nbsp;A Common Stock held directly by Emerald Financial LLC; 2,705,000 shares of Class&nbsp;A Common Stock held directly by the H&aacute;zy Family Community Property Trust 5/28/85, of
<FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee and has sole voting and investment power; 1,205,558 shares of Class&nbsp;A Common Stock held directly by
<FONT STYLE="white-space:nowrap">the&nbsp;Udvar-H&aacute;zy&nbsp;Separate</FONT> Property Trust, of <FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee and has sole voting and investment power; 114,295
shares of Class&nbsp;A Common Stock held directly in the aggregate <FONT STYLE="white-space:nowrap">by&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&#8217;s&nbsp;wife</FONT> and children; and 10,900 shares of Class&nbsp;A Common Stock held <FONT
STYLE="white-space:nowrap">by&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;as</FONT> custodian for his grandchildren under the Uniform Transfers to Minors <FONT STYLE="white-space:nowrap">Act.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and
investment power with respect to the shares held by Air Intercontinental, Inc., of which he is the sole stockholder and one of three directors. The remaining directors, his wife and one of his sons disclaim beneficial ownership of the shares held by
Air Intercontinental, Inc., except to the extent of their respective pecuniary interests <FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and investment power with respect to the shares held by
Ocean Equities, Inc. A trust of <FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee is the sole stockholder of Ocean Equities, Inc.,
<FONT STYLE="white-space:nowrap">and&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> one of three directors. The remaining directors, his wife and one of his sons, disclaim beneficial ownership of the shares held by Ocean Equities, Inc., except to
the extent of their respective pecuniary interests <FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and investment power with respect to the shares of Class&nbsp;A Common Stock held by Emerald
Financial <FONT STYLE="white-space:nowrap">LLC.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> one of three managers of Emerald Financial LLC, together with his wife and one of his daughters. His wife disclaims beneficial ownership of the shares
held by Emerald Financial LLC, except to the extent of her pecuniary interests <FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;disclaims</FONT> beneficial ownership of the shares held directly by his wife and children,
except to the extent of his pecuniary interest therein. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Consists of 130,026 shares of Class&nbsp;A Common Stock held by Mr.&nbsp;Levy over which Mr.&nbsp;Levy shares
voting and investment power and 9,000 shares of Class&nbsp;A Common Stock held in the aggregate by two of Mr.&nbsp;Levy&#8217;s children. Mr.&nbsp;Levy disclaims beneficial ownership of the shares held by such children, except to the extent of his
pecuniary interest therein. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Ms.&nbsp;Forsyte shares voting and investment power over these shares. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Includes 5,854 shares of Class&nbsp;A Common Stock underlying vested RSUs, including dividend equivalent
rights, that the director has deferred receipt of which would be delivered to the director within 60 days of October 10, 2025 if the director&#8217;s service terminates during that time. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Includes 28,668 shares of Class&nbsp;A Common Stock underlying vested RSUs, including dividend equivalent
rights, that the director has deferred receipt of which would be delivered to the director within 60 days of October 10, 2025 if the director&#8217;s service terminates during that time. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Includes 36,779 shares of Class&nbsp;A Common Stock underlying vested RSUs, including dividend equivalent
rights, that the director has deferred receipt of which would be delivered to the director within 60 days of October 10, 2025 if the director&#8217;s service terminates during that time. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(11)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Includes 18,314 shares of Class&nbsp;A Common Stock underlying vested RSUs, including dividend equivalent
rights, that the director has deferred receipt of which would be delivered to the director within 60 days of October 10, 2025 if the director&#8217;s service terminates during that time. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">123 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(12)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Includes 126,394 shares of Class&nbsp;A Common Stock underlying RSUs, including dividend equivalent rights,
held in the aggregate by <FONT STYLE="white-space:nowrap">non-employee</FONT> directors which are deemed to be beneficially owned as of October 10, 2025. All directors and current executive officers have sole voting and investment power over
6,221,342 of these shares and shared voting and investment power over 1,232,292 of these shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>Security Ownership of Certain
Beneficial Owners </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The table below describes Class&nbsp;A Common Stock ownership information by persons who, based upon their most recent filings with
the SEC, are known by us to beneficially own more than 5% of the Company&#8217;s outstanding Class&nbsp;A Common Stock as of October 10, 2025: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="43%"></TD>

<TD VALIGN="bottom" WIDTH="21%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="21%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Number&nbsp;of&nbsp;Beneficially&#8195;&#8195;<BR>Owned Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;Percent<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP>&#8195;&#8195;</B></TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">The Vanguard Group, Inc.<SUP STYLE="font-size:75%; vertical-align:top">(2) </SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">12,578,106</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">11.25%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">BlackRock, Inc.<SUP STYLE="font-size:75%; vertical-align:top">(3) </SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">12,440,887</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">11.13%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Dimensional Fund Advisors LP <SUP STYLE="font-size:75%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">6,835,595</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">6.12%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Steven F. <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> <SUP
STYLE="font-size:75%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">5,887,594</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">5.27%</TD></TR>
</TABLE> <DIV STYLE="line-height:12.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:24%">&nbsp;</DIV> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">In computing the percentage ownership of a person, shares of our Class&nbsp;A Common Stock subject to RSUs held
by that person which will vest within 60 days of October 10, 2025, are deemed to be outstanding. The shares subject to RSUs are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. All percentages
in the table are based on a total of 111,765,032 shares of our Class&nbsp;A Common Stock outstanding as of October 10, 2025. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Based solely on a Schedule 13G/A filed with the SEC by The Vanguard Group on April&nbsp;10, 2024. The Vanguard
Group, as the parent holding company, is the beneficial owner of 12,578,106 shares of Class&nbsp;A Common Stock with shared voting power over 62,607 shares, sole dispositive power over 12,404,055 shares and shared dispositive power over 174,051
shares. The address of The Vanguard Group is 100 Vanguard Blvd., Malvern, PA 19355. The foregoing Schedule 13G/A reported information as of March&nbsp;28, 2024. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Based solely on a Schedule 13G/A filed with the SEC by BlackRock, Inc. on April&nbsp;29, 2025. BlackRock, Inc.,
as the parent holding company, is the beneficial owner of 12,440,887 shares of Class&nbsp;A Common Stock with sole voting power over 11,980,325 shares and sole dispositive power over 12,440,887 shares. The address of BlackRock, Inc. is 50 Hudson
Yards, New York, NY 10001. The foregoing Schedule 13G/A reported information as of March&nbsp;31, 2025. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Based solely on a Schedule 13G/A filed with the SEC by Dimensional Fund Advisors LP on February&nbsp;9, 2024.
Dimensional Fund Advisors LP is the beneficial owner of 6,835,595 shares of Class&nbsp;A Common Stock with sole voting power over 6,716,636 shares and sole dispositive power over 6,835,595 shares, The address of Dimensional Fund Advisors L.P. is
6300 Bee Cave Road, Building One, Austin, TX 78746. The foregoing Schedule 13G/A reported information as of December&nbsp;29, 2023. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Consists of 1,384,491 shares of Class&nbsp;A Common Stock held directly by
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy;</FONT> 329,350 shares of Class&nbsp;A Common Stock held directly by Air Intercontinental, Inc.; 102,000 shares of Class&nbsp;A Common Stock held directly by Ocean Equities, Inc.; 36,000
shares of Class&nbsp;A Common Stock held directly by Emerald Financial LLC; 2,705,000 shares of Class&nbsp;A Common </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">124 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Stock held directly by the H&aacute;zy Family Community Property Trust 5/28/85, of <FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee and has sole
voting and investment power; 1,205,558 shares of Class&nbsp;A Common Stock held directly by <FONT STYLE="white-space:nowrap">the&nbsp;Udvar-H&aacute;zy&nbsp;Separate</FONT> Property Trust, of
<FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee and has sole voting and investment power; 114,295 shares of Class&nbsp;A Common Stock held directly in the aggregate
<FONT STYLE="white-space:nowrap">by&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&#8217;s&nbsp;wife</FONT> and children; and 10,900 shares of Class&nbsp;A Common Stock held <FONT STYLE="white-space:nowrap">by&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;as</FONT>
custodian for his grandchildren under the Uniform Transfers to Minors <FONT STYLE="white-space:nowrap">Act.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and investment power with respect to the shares held by Air Intercontinental,
Inc., of which he is the sole stockholder and one of three directors. The remaining directors, his wife and one of his sons disclaim beneficial ownership of the shares held by Air Intercontinental, Inc., except to the extent of their respective
pecuniary interests <FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and investment power with respect to the shares held by Ocean Equities, Inc. A trust of
<FONT STYLE="white-space:nowrap">which&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> the trustee is the sole stockholder of Ocean Equities, Inc., <FONT STYLE="white-space:nowrap">and&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> one of three
directors. The remaining directors, his wife and one of his sons, disclaim beneficial ownership of the shares held by Ocean Equities, Inc., except to the extent of their respective pecuniary interests
<FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;has</FONT> sole voting and investment power with respect to the shares of Class&nbsp;A Common Stock held by Emerald Financial
<FONT STYLE="white-space:nowrap">LLC.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;is</FONT> one of three managers of Emerald Financial LLC, together with his wife and one of his daughters. His wife disclaims beneficial ownership of the shares held by
Emerald Financial LLC, except to the extent of her pecuniary interests <FONT STYLE="white-space:nowrap">therein.&nbsp;Mr.&nbsp;Udvar-H&aacute;zy&nbsp;disclaims</FONT> beneficial ownership of the shares held directly by his wife and children, except
to the extent of his pecuniary interest therein. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">125 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_82"></A>ELIMINATING DUPLICATIVE PROXY MATERIALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">To reduce the expense of delivering duplicate proxy materials to stockholders who may have more than one account holding the Company&#8217;s Class&nbsp;A
Common Stock who share the same address, we have adopted a procedure approved by the SEC called &#8220;householding.&#8221; Under this procedure, a single set of this proxy statement will be sent to any household at which two or more of the
Company&#8217;s stockholders reside. Householding benefits both you and us. It reduces the volume of duplicate information received at your household and helps to reduce the Company&#8217;s expenses. The procedure applies to the Company&#8217;s
annual reports, proxy statements, other proxy materials and information statements. Once you receive notice from your broker or from us that communications to your address will be &#8220;householded,&#8221; the practice will continue until you are
otherwise notified or until you revoke your consent to the practice. Each stockholder will continue to have access to and utilize separate proxy voting instructions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If at any time you no longer wish to participate in &#8220;householding&#8221; and would like to receive a separate copy of this proxy statement or notice,
please notify your broker or contact us by writing to our principal executive offices at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067, Attn: Corporate Secretary or by telephone at <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-310-553-0555,</FONT></FONT></FONT> and a copy of the proxy statement or notice will be promptly delivered to you. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">126 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_83"></A>SUBMISSION OF FUTURE STOCKHOLDER PROPOSALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We held our 2025 annual meeting of stockholders on May&nbsp;2, 2025 (the &#8220;<B>2025 Annual Meeting</B>&#8221;).&nbsp;If the merger is completed, we will
have no public common stockholders and there will be no public participation in any future meetings of our Class&nbsp;A Common Stockholders. However, if the merger is not completed, we will hold an annual meeting of stockholders in 2026 (the
&#8220;<B>2026 Annual Meeting</B>&#8221;) in which our Class&nbsp;A Common Stockholders will be entitled to attend and participate in. In this case, we will provide notice of or otherwise publicly disclose the date on which the 2026 Annual Meeting
will be held, and Class&nbsp;A Common Stockholders may submit proposals for consideration at the 2026 Annual Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><I>Proposals for Inclusion in
2026 Annual Meeting Proxy Materials</I></B>. A stockholder seeking to have a proposal included in our proxy statement for the 2026 Annual Meeting must comply with <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-8&nbsp;under</FONT> the Exchange Act,
which sets forth the requirements for including stockholder proposals in Company-sponsored proxy materials. In accordance with <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-8,&nbsp;any</FONT> such proposal must be received by the Corporate
Secretary at our principal executive offices by November&nbsp;21, 2025, which is 120 days prior to <FONT STYLE="white-space:nowrap">the&nbsp;one-year&nbsp;anniversary</FONT> of the date our 2025 Annual Meeting proxy statement was first mailed or
made available to stockholders. However, if the date of the 2026 Annual Meeting changes by more than 30 days from <FONT STYLE="white-space:nowrap">the&nbsp;one-year&nbsp;anniversary</FONT> of the date of the 2025 Annual Meeting, then such proposals
must be received a reasonable time before we begin to print and send our proxy materials for the 2026 Annual Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B><I>Proposals and Nomination of
Director Candidates Not Intended for Inclusion in 2026 Annual Meeting Proxy Materials</I></B>. A stockholder seeking to present a proposal or nominate a director for election to the Air Lease Board at the 2026 Annual Meeting but not intending for
such proposal or nomination to be included in the proxy statement for the meeting must comply with the advance notice requirements set forth in our bylaws. Under our bylaws, written notice of nominations for directors and any other business proposed
by a stockholder must be received by the Corporate Secretary at our principal executive offices not less than 90&nbsp;days nor more than 120&nbsp;days prior to the first anniversary of the 2025 Annual Meeting (so long as the 2026 Annual Meeting is
held no more than 30&nbsp;days before and no more than 70&nbsp;days after such anniversary). Accordingly, notice of any such nominations or other business meeting all of the requirements set forth in our bylaws must be received by the Corporate
Secretary between January&nbsp;2, 2026 and February&nbsp;1, 2026. If we change the date of the 2026 Annual Meeting to a date that is more than 30 days before or more than 70 days after the anniversary of the 2025 Annual Meeting, your written notice
must be received not more than 120 days prior to the date of the 2026 Annual Meeting nor less than the later of (i)&nbsp;90 days prior to the date of the 2026 Annual Meeting or (ii)&nbsp;the 10th calendar day following the day on which public
announcement of the date of the 2026 Annual Meeting is first made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition to satisfying the foregoing requirements under our bylaws, stockholders
who intend to solicit proxies in support of director nominees other than Company-sponsored nominees must provide notice that sets forth the information required by <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-19&nbsp;under</FONT> the Exchange Act
no later than the dates specified above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The chairman of the Annual Meeting reserves the right to reject, exclude, rule out of order, or take other
appropriate action with respect to any proposal that does not comply with the above requirements, including conditions established by the SEC. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">127 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_84"></A>WHERE YOU CAN FIND ADDITIONAL INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We are subject to the informational requirements of the Exchange Act, and, in accordance with the Exchange Act, file annual, quarterly and current reports,
proxy and information statements and other information with the SEC. These filings are available to the public free of charge on the SEC&#8217;s website at www.sec.gov. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Our filings with the SEC are also available free of charge on our website at www.airleasecorp.com. Information contained on our website is not incorporated by
reference into this proxy statement and you should not consider information contained on our website to be part of this proxy statement. You may also request a copy of our SEC filings, which we will mail to you at no cost by first class mail or
another equally prompt method, by writing or telephoning our General Counsel and Corporate Secretary at: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Air Lease Corporation </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">General Counsel and Corporate Secretary </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">2000 Avenue of the Stars, Suite 1000N </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Los Angeles, California 90067 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><FONT
STYLE="white-space:nowrap">(310)&nbsp;553-0555</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The SEC allows us to &#8220;incorporate by reference&#8221; into this proxy statement documents we
file with the SEC. This means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be&nbsp;a part of this proxy statement and, with respect to this proxy
statement, later information that we file with the SEC will update and supersede such information. We incorporate by reference the documents listed below and, with respect to this proxy statement, any documents filed by us pursuant to
Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this proxy statement and prior to&nbsp;the date of the special meeting (other than, in each case, documents or information deemed to have been furnished and not filed in
accordance with SEC rules): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">our Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025005392/al-20241231.htm">
<FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT></A> for the fiscal year ended December&nbsp;31, 2024 (filed with the SEC on February&nbsp;13, 2025); </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the information specifically incorporated by reference into our Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025005392/al-20241231.htm">
<FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT></A> for the year ended December&nbsp;
31, 2024 from our Definitive Proxy Statement on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000119312525056665/d876257ddef14a.htm">Schedule&nbsp;14A</A> (filed with the SEC on March&nbsp;18, 2025)
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">our Quarterly Reports on <FONT STYLE="white-space:nowrap">Form&nbsp;
10-Q</FONT> for the quarterly periods ended <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025022166/al-20250331.htm">March&nbsp;
31, 2025</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025037413/al-20250630.htm">June&nbsp;30, 2025</A> (filed with the SEC on&nbsp;May&nbsp;5, 2025&nbsp;and&nbsp;August&nbsp;4, 2025,
respectively); and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">our Current Reports on <FONT STYLE="white-space:nowrap">Form&nbsp;
8-K</FONT> filed with the SEC on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025002049/al-20250121.htm">January&nbsp;
21, 2025</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000119312525052911/d893487d8k.htm">March&nbsp;
12, 2025</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000119312525054039/d922933d8k.htm">March&nbsp;
13, 2025</A> (only with respect to Item 5.02 and Exhibit 10.1 of Item 9.01), <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000119312525060791/d910271d8k.htm">March&nbsp;
24, 2025</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025023741/al-20250502.htm">May&nbsp;
8, 2025</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000162828025033782/al-20250701.htm">July&nbsp;
1, 2025</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1487712/000119312525193497/d13045d8k.htm">September&nbsp;2, 2025</A>. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">No persons have been authorized to give any information or to make any representations other than those contained in this proxy statement and, if given or
made, such information or representations must not be relied upon as having been authorized by us or any other person. This proxy statement is dated [&#9679;], 2025. You should not assume that the information contained in this proxy statement is
accurate as of any date other than that date, and the mailing of this proxy statement to stockholders will not create any implication to the contrary. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">128 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If you have any questions about the merger, the special meeting or this proxy statement, would like
additional copies of this proxy statement or require assistance with submitting your proxy or voting your Class&nbsp;A Common Stock, please contact our proxy solicitor: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Innisfree M&amp;A Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">501 Madison Avenue, 20<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">New York, NY 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Shareholders
May Call Toll-Free: +1 (877) <FONT STYLE="white-space:nowrap">687-1866</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Banks&nbsp;&amp; Brokers May Call Collect: +1 (212) <FONT
STYLE="white-space:nowrap">750-5833</FONT> </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">129 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_85"></A>ANNEX A: MERGER AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">AGREEMENT AND
PLAN OF MERGER </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Dated as of September&nbsp;1, 2025 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">among </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">AIR LEASE CORPORATION,
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">GLADIATORA DESIGNATED ACTIVITY COMPANY </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">TAKEOFF MERGER SUB INC. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">TABLE OF CONTENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_1">Article I</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_2">THE MERGER</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_3">Section&nbsp;1.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_3">The Merger</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_4">Section&nbsp;1.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_4">Closing</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_5">Section&nbsp;1.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_5">Effective Time</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_6">Section&nbsp;1.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_6">Effects</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_7">Section&nbsp;1.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_7">Organizational Documents</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_8">Section&nbsp;1.06</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_8">Directors and Officers of Surviving Corporation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_9">Article II</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_10">EFFECT ON SHARES OF CAPITAL STOCK OF THE CONSTITUENT ENTITIES; EXCHANGE OF CERTIFICATES</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_11">Section&nbsp;2.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_11">Effect on Shares of Capital Stock</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_12">Section&nbsp;2.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_12">Exchange of Certificates; Payment Fund</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_13">Section&nbsp;2.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_13">Dissenters&#8217; Rights</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_14">Section&nbsp;2.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_14">Treatment of Equity Awards</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_15">Article III</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_16">REPRESENTATIONS AND WARRANTIES OF THE COMPANY</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_17">Section&nbsp;3.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_17">Organization, Standing and Power</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_18">Section&nbsp;3.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_18">Company Subsidiaries</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_19">Section&nbsp;3.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_19">Capital Structure</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_20">Section&nbsp;3.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_20">Authority; Execution and Delivery; Enforceability</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_21">Section&nbsp;3.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_21">No Conflicts; Consents</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_22">Section&nbsp;3.06</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_22">SEC Documents; Undisclosed Liabilities</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_23">Section&nbsp;3.07</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_23">Information Supplied</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_24">Section&nbsp;3.08</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_24">Absence of Certain Changes or Events</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_25">Section&nbsp;3.09</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_25">Taxes</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_26">Section&nbsp;3.10</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_26">Employee Benefits</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_27">Section&nbsp;3.11</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_27">Litigation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_28">Section&nbsp;3.12</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_28">Compliance with Applicable Laws; Permits</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_29">Section&nbsp;3.13</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_29">Sanctions and Anti-Corruption</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_30">Section&nbsp;3.14</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_30">Environmental Matters</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_31">Section&nbsp;3.15</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_31">Contracts</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_32">Section&nbsp;3.16</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_32">Properties</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_33">Section&nbsp;3.17</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_33">Intellectual Property; Privacy and Cybersecurity</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_34">Section&nbsp;3.18</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_34">Labor Matters</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_35">Section&nbsp;3.19</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_35">Anti-Takeover Provisions</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_36">Section&nbsp;3.20</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_36">Brokers&#8217; Fees and Expenses</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-ii </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_37">Section&nbsp;3.21</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_37">Opinion of Financial Advisor</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_38">Section&nbsp;3.22</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_38">Insurance</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_39">Section&nbsp;3.23</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_39">Relevant Aircraft and Aircraft Leases</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_40">Section&nbsp;3.24</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_40">Vendors and Customers</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_41">Section&nbsp;3.25</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_41">Solvency</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_42">Section&nbsp;3.26</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_42">No Other Representations or Warranties</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_43">Article IV</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_44">REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_45">Section&nbsp;4.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_45">Organization, Standing and Power</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_46">Section&nbsp;4.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_46">Authority; Execution and Delivery; Enforceability</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_47">Section&nbsp;4.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_47">No Conflicts; Consents</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_48">Section&nbsp;4.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_48">Information Supplied</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_49">Section&nbsp;4.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_49">Compliance with Applicable Laws</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_50">Section&nbsp;4.06</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_50">Litigation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_51">Section&nbsp;4.07</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_51">Brokers&#8217; Fees and Expenses</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_52">Section&nbsp;4.08</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_52">Merger Sub</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_53">Section&nbsp;4.09</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_53">Ownership of Common Stock</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_54">Section&nbsp;4.10</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_54">Financing; Availability of Funds</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_55">Section&nbsp;4.11</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_55">Solvency of the Surviving Corporation Following the Merger</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_56">Section&nbsp;4.12</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_56">No Other Representations or Warranties</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_57">Article V</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_58">COVENANTS RELATING TO CONDUCT OF BUSINESS</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_59">Section&nbsp;5.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_59">Conduct of Business by the Company</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_60">Section&nbsp;5.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_60">Conduct of Business by Parent</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_61">Section&nbsp;5.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_61">No Control</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_62">Section&nbsp;5.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_62">No Solicitation by the Company; Company Board Recommendation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_63">Article VI</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_64">ADDITIONAL AGREEMENTS</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_65">Section&nbsp;6.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_65">Preparation of the Proxy Statement; Company Stockholder Meeting</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_66">Section&nbsp;6.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_66">Access to Information; Confidentiality</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_67">Section&nbsp;6.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_67">Efforts to Consummate</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_68">Section&nbsp;6.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_68">Indemnification, Exculpation and Insurance</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_69">Section&nbsp;6.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_69">Transaction Litigation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_70">Section&nbsp;6.06</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_70">Section&nbsp;16 Matters</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_71">Section&nbsp;6.07</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_71">Public Announcements</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_72">Section&nbsp;6.08</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_72">Employment and Company Benefits</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_73">Section&nbsp;6.09</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_73">Company Indebtedness</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_74">Section&nbsp;6.10</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_74">Parent Financing</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-iii </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_75">Section&nbsp;6.11</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_75">Parent Financing Cooperation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_76">Section&nbsp;6.12</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_76">Company Interim Financing Matters</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_77">Section&nbsp;6.13</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_77">Orderbook Cooperation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_78">Section&nbsp;6.14</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_78">Stock Exchange Delisting; Deregistration</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_79">Section&nbsp;6.15</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_79">Merger Sub; Parent Subsidiaries</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_80">Article VII</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_81">CONDITIONS PRECEDENT</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_82">Section&nbsp;7.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_82">Conditions to Each Party&#8217;s Obligation to Effect the Merger</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_83">Section&nbsp;7.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_83">Conditions to Obligations of the Company</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_84">Section&nbsp;7.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_84">Conditions to Obligations of Parent and Merger Sub</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_85">Article VIII</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_86">TERMINATION, AMENDMENT AND WAIVER</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_87">Section&nbsp;8.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_87">Termination</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_88">Section&nbsp;8.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_88">Effect of Termination</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_89">Section&nbsp;8.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_89">Fees and Expenses</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_90">Section&nbsp;8.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_90">Amendment</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_91">Section&nbsp;8.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_91">Extension; Waiver</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_92">Article IX</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><A HREF="#anxa28474_93">GENERAL PROVISIONS</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_94">Section&nbsp;9.01</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_94">Nonsurvival of Representations and Warranties</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_95">Section&nbsp;9.02</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_95">Notices</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_96">Section&nbsp;9.03</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_96">Definitions</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_97">Section&nbsp;9.04</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_97">Interpretation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_98">Section&nbsp;9.05</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_98">Severability</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_99">Section&nbsp;9.06</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_99">Counterparts</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_100">Section&nbsp;9.07</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_100">Entire Agreement; No Third-Party Beneficiaries</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_101">Section&nbsp;9.08</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_101">No Recourse</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_102">Section&nbsp;9.09</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_102">GOVERNING LAW</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_103">Section&nbsp;9.10</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_103">Assignment</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_104">Section&nbsp;9.11</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_104">Specific Enforcement; Jurisdiction; Venue</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_105">Section&nbsp;9.12</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_105">WAIVER OF JURY TRIAL</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><A HREF="#anxa28474_106">Section&nbsp;9.13</A></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_106">Debt Financing Sources</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><A HREF="#anxa28474_107">Exhibit A</A></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_107">Form of Voting Agreement</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><A HREF="#anxa28474_108">Exhibit B</A></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_108">Form of Certificate of Incorporation of Surviving Corporation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><A HREF="#anxa28474_109">Exhibit C</A></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#anxa28474_109">Form of Bylaws of Surviving Corporation</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">A-159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-iv </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">AGREEMENT AND PLAN OF MERGER (this &#8220;<U>Agreement</U>&#8221;), dated as of
September&nbsp;1, 2025, among Air Lease Corporation, a Delaware corporation (the &#8220;<U>Company</U>&#8221;), Gladiatora Designated Activity Company, an Irish private limited company (&#8220;<U>Parent</U>&#8221;), and Takeoff Merger Sub Inc., a
Delaware corporation and an indirect wholly owned Subsidiary of Parent (&#8220;<U>Merger Sub</U>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, the Company, Parent
and Merger Sub desire to effect the Merger, pursuant to which Merger Sub shall be merged with and into the Company, with the Company continuing as the surviving company, and each share of Common Stock issued and outstanding (subject to certain
exceptions) shall be converted into the right to receive $65.00 in cash, without interest; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, the Company Board has unanimously
(i)&nbsp;determined that the terms of this Agreement, the Merger and the other transactions contemplated hereby are fair to and in the best interests of the Company and its stockholders, (ii)&nbsp;approved and declared advisable the execution,
delivery and performance of this Agreement and the transactions contemplated hereby, including the Merger, and (iii)&nbsp;subject to <U>Section</U><U></U><U>&nbsp;5.04</U>, recommended that the Company&#8217;s stockholders vote in favor of the
adoption and approval of this Agreement and the transactions contemplated hereby, including the Merger, at the Company Stockholder Meeting; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, the Parent Board and the Merger Sub Board have each unanimously approved this Agreement and declared it advisable for Parent and
Merger Sub, respectively, to enter into this Agreement and to consummate the transactions contemplated hereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, the Merger Sub
Board has recommended adoption and approval of this Agreement by its sole stockholder; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, Parent will cause the sole stockholder of
Merger Sub to adopt and approve this Agreement and the consummation by Merger Sub of the Merger and the other transactions contemplated hereby by written consent immediately following the execution and delivery of this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, simultaneously with the execution and delivery of this Agreement, and as a condition and inducement to Parent&#8217;s and Merger
Sub&#8217;s willingness to enter into this Agreement, certain stockholders of the Company are entering into a voting agreement with Parent and Merger Sub (collectively, the &#8220;<U>Voting Agreements</U>&#8221;), in substantially the form attached
as <U>Exhibit A</U> hereto, pursuant to which, among other things, each such stockholder has agreed to vote in favor of the adoption and approval of this Agreement and the transactions contemplated hereby, including the Merger, at the Company
Stockholder Meeting, on the terms and subject to the conditions set forth in the Voting Agreements; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, simultaneously with the
execution and delivery of this Agreement, and as a condition and inducement to the Company&#8217;s willingness to enter into this Agreement, (i)&nbsp;each of SMBC Aviation Capital Limited, a company incorporated with limited liability in Ireland
(&#8220;<U>SMBC AC</U>&#8221;), and Sumitomo Corporation, a Japanese corporation (&#8220;<U>Sumitomo</U>&#8221;) (together with SMBC AC, each, a &#8220;<U>Guarantor</U>&#8221; and, collectively, the &#8220;<U>Guarantors</U>&#8221;), have entered
into a guarantee in favor of the Company with respect to certain obligations of Parent and Merger Sub under this Agreement (the &#8220;<U>Guarantees</U>&#8221;); (ii) each of SMBC AC, Sumitomo, Apollo Capital Management, L.P. and Brookfield Asset
Management Ltd. (each, an &#8220;<U>Equity Investor</U>&#8221; and collectively, the &#8220;<U>Equity Investors</U>&#8221;) have entered into an equity commitment letter with Parent (each, an &#8220;<U>Equity Commitment Letter</U>&#8221; and
collectively the &#8220;<U>Equity Commitment Letters</U>&#8221;); and (iii)&nbsp;Parent has received and accepted a fully </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-5 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
executed copy of each debt&nbsp;commitment&nbsp;letter with the Debt Financing Sources party thereto (including all exhibits, schedules and annexes thereto, each, a &#8220;<U>Debt Commitment
Letter</U>&#8221; and collectively the &#8220;<U>Debt Commitment Letters</U>&#8221; and, together with the&nbsp;Equity&nbsp;Commitment&nbsp;Letters,&nbsp;the &#8220;<U>Commitment Letters</U>&#8221;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, the Company, Parent and Merger Sub desire to make certain representations, warranties, covenants and agreements in connection with
the Merger and to prescribe various conditions to the Merger; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, certain capitalized terms used in this Agreement are defined
in <U>Section</U><U></U><U>&nbsp;9.03</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the representations, warranties and
covenants herein and intending to be legally bound, the parties hereto agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_1"></A>ARTICLE I </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_2"></A>THE MERGER </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_3"></A>Section&nbsp;1.01 <U>The</U><U> Merger</U>. On the terms and subject to the conditions set forth in this Agreement,
at the Effective Time, Merger Sub shall be merged with and into the Company in accordance with the provisions of the DGCL (the &#8220;<U>Merger</U>&#8221;). At the Effective Time, the separate corporate existence of Merger Sub shall cease and the
Company shall continue as the surviving company in the Merger (in such capacity, the Company is sometimes referred to herein as the &#8220;<U>Surviving Corporation</U>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_4"></A>Section&nbsp;1.02 <U>Closing</U>. The closing of the Merger (the &#8220;<U>Closing</U>&#8221;), shall take place at
9:00 a.m., New York, Eastern time, on a date that is five (5)<U></U>&nbsp;Business Days following the satisfaction or (to the extent permitted by applicable Law) waiver in accordance with this Agreement of all of the conditions set forth in
<U>Article VII</U> (other than any such conditions which by their nature cannot be satisfied until the Closing Date, but subject to the satisfaction or (to the extent permitted by applicable Law) waiver of those conditions in accordance with this
Agreement on the Closing Date) by means of a virtual closing through the electronic exchange of signatures, or such other date, time and place as Parent and the Company may agree in writing. For purposes of this Agreement, &#8220;<U>Closing
Date</U>&#8221; shall mean the date on which the Closing occurs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_5"></A>Section&nbsp;1.03 <U>Effective Time</U>. On
the Closing Date, upon the terms and subject to the conditions of this Agreement, the parties shall cause the Merger to be consummated pursuant to the DGCL by filing with the Secretary of State of the State of Delaware (the &#8220;<U>Delaware
Secretary of State</U>&#8221;) a certificate of merger (the &#8220;<U>Merger Certificate</U>&#8221;), in such form as is required by, and executed in accordance with, the DGCL, and the parties shall make all other filings or recordings required
under the DGCL in connection with the Merger. The Merger shall become effective at such time as the Merger Certificate is filed and accepted for record by the Delaware Secretary of State, or such later date and time as shall be agreed to in writing
by the Company and Parent and specified in the Merger Certificate (such date and time the Merger becomes effective, the &#8220;<U>Effective Time</U>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_6"></A>Section&nbsp;1.04 <U>Effects</U>. At the Effective Time, the Merger shall have the effects set forth in this
Agreement and the applicable provisions of the DGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, all the property, rights, privileges, powers and franchises of each of the Company and Merger Sub
shall vest in the Surviving Corporation, and all restrictions, disabilities, duties, debts and liabilities of each of the Company and Merger Sub shall become the restrictions, disabilities, duties, debts and liabilities of the Surviving Corporation.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-6 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_7"></A>Section&nbsp;1.05 <U>Organizational Documents</U>. At the
Effective Time, and by virtue of the Merger and without any further action by the parties, (i)&nbsp;the certificate of incorporation of the Surviving Corporation shall be amended and restated to read in its entirety as set forth on
<U>Exhibit</U><U></U><U>&nbsp;B</U> and, as so amended and restated, shall be the certificate of incorporation of the Surviving Corporation until thereafter changed or amended as provided therein or by applicable Law and (ii)&nbsp;the bylaws of the
Surviving Corporation shall be amended and restated to read in their entirety as set forth on <U>Exhibit C</U>, and as so amended and restated, shall be the bylaws of the Surviving Corporation until thereafter changed or amended as provided therein
or by applicable Law (in each case of clauses (i)&nbsp;and (ii), subject to <U>Section</U><U></U><U>&nbsp;
6.04</U><U>)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_8"></A>Section&nbsp;1.06 <U>Directors and Officers of Surviving Corporation</U>. The directors of
Merger Sub immediately prior to the Effective Time, together with any directors of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as directors of the Surviving Corporation),
shall be the directors of the Surviving Corporation until the earlier of their death, resignation or removal or until their respective successors are duly elected and qualified, as the case may be. The officers of Merger Sub immediately prior to the
Effective Time, together with any officers of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as officers of the Surviving Corporation), shall be the officers of the Surviving
Corporation until the earlier of their death, resignation or removal or until their respective successors are duly elected or appointed and qualified, as the case may be. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_9"></A>ARTICLE II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_10"></A>EFFECT ON SHARES OF CAPITAL STOCK OF THE CONSTITUENT ENTITIES; EXCHANGE OF CERTIFICATES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_11"></A>Section&nbsp;2.01 <U>Effect on Shares of Capital</U><U> Stock</U>. At the Effective Time, by virtue of the Merger
and without any action on the part of the Company, Parent, Merger Sub or the holders of shares of Class&nbsp;A common stock, par value $0.01 per share, of the Company (the &#8220;<U>Common Stock</U>&#8221;), or shares of common stock, par value
$0.01 per share, of Merger Sub (the &#8220;<U>Merger Sub Common Stock</U>&#8221;): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Conversion of Merger Sub Common Stock</U>.
Each share of Merger Sub Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into one fully paid and nonassessable share of a new class of common stock, par value $0.01 per share, of the Surviving
Corporation (the &#8220;<U>Class</U><U></U><U>&nbsp;C Common Stock</U>&#8221;) with the same rights, powers and privileges as the shares so converted and, together with any shares of Common Stock converted into shares of common stock of the
Surviving Corporation pursuant to <U>Section</U><U></U><U>&nbsp;2.01(b)(ii)</U>, shall constitute the only issued and outstanding shares of common stock of the Surviving Corporation. From and after the Effective Time, all certificates representing
shares of Merger Sub Common Stock shall be deemed for all purposes to represent the number of shares of Class&nbsp;C Common Stock into which they were converted in accordance with the immediately preceding sentence. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Cancellation of Company-Owned or Parent-Owned Shares; Conversion of Subsidiary-Owned Shares</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) Each share of Common Stock that is owned by the Company as treasury shares and each share of Common Stock that is owned
directly by Parent (or if the direct owner of Merger Sub is a Subsidiary of Parent, such Subsidiary) or Merger Sub immediately prior to the Effective Time shall no longer be issued and outstanding and shall automatically be canceled and shall cease
to exist, and no consideration shall be delivered in exchange therefor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-7 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) Each share of Common Stock that is owned by any direct or indirect
wholly owned Subsidiary of the Company or any direct or indirect wholly owned Subsidiary of Parent (other than Merger Sub or any Subsidiary of Parent that directly owns Merger Sub) or of Merger Sub shall be converted into such number of shares of
Class&nbsp;C Common Stock such that the ownership percentage of any such Subsidiary in the Surviving Corporation immediately following the Effective Time shall equal the ownership percentage of such Subsidiary immediately prior to the Effective
Time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>Conversion of Common Stock</U>. Subject to <U>Sections </U><U>2.02</U>, <U>2.03</U> and
<U>Section</U><U></U><U>&nbsp;2.04</U>, each share of Common Stock issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares and shares to be canceled or converted into shares of the Surviving Corporation in
accordance with <U>Section</U><U></U><U>&nbsp;2.01(b))</U> shall be converted into the right to receive $65.00 in cash, without interest (the &#8220;<U>Merger Consideration</U>&#8221;). All such shares of Common Stock, when so converted, shall no
longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate (or evidence of shares in book-entry form (such shares, &#8220;<U>Book-Entry Shares</U>&#8221;)) that immediately prior to the
Effective Time represented any such shares of Common Stock (each, a &#8220;<U>Certificate</U>&#8221;) shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration. Notwithstanding the foregoing, if
between the date of this Agreement and the Effective Time the outstanding shares of Common Stock shall have been changed into a different number of shares or a different class, by reason of any subdivision, reclassification, recapitalization,
consolidation or exchange of shares, or any similar event shall have occurred, then any number or amount contained herein which is based upon the number of shares of Common Stock will be appropriately adjusted to provide to the holders of shares of
Common Stock, Company RSUs and Company PSUs, as applicable, the same economic effect as contemplated by this Agreement prior to such event; <U>provided</U> that nothing in this <U>Section</U><U></U><U>&nbsp;2.01(c)</U> shall be construed to permit
the Company to take any action that is otherwise prohibited by the terms of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) <U>Preferred Stock to Remain
Outstanding</U>. Each share of each series of Preferred Stock issued and outstanding immediately prior to the Effective Time shall remain outstanding and shall be deemed to be a share of such series of preferred stock of the Surviving Corporation
with the same rights, powers, privileges and voting powers, and restrictions and limitations thereof, as such share of Preferred Stock had immediately prior to the Effective Time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_12"></A>Section&nbsp;2.02 <U>Exchange of Certificates</U><U>; Payment Fund</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Paying Agent</U>. Prior to the Effective Time, Parent shall, at its sole cost and expense, appoint a bank or trust company reasonably
acceptable to the Company to act as paying agent (the &#8220;<U>Paying Agent</U>&#8221;) for the payment and delivery of the Merger Consideration pursuant to this <U>Article II</U>. Prior to the Effective Time, Parent shall contribute, or shall
cause to be contributed, cash sufficient to pay the Merger Consideration to Bidco, Bidco shall contribute such cash to Merger Sub, and Merger Sub shall deposit such cash with the Paying Agent for payment in accordance with this <U>Article II</U>
through the Paying Agent. All such cash deposited with the Paying Agent is hereinafter referred to as the &#8220;<U>Payment Fund</U>.&#8221; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Letter of Transmittal</U>. As reasonably promptly as practicable after the Effective Time (and in any event within three
(3)&nbsp;Business Days after the Effective Time), Parent shall cause the Paying Agent to mail, or otherwise provide in the case of Book-Entry Shares, to each holder of record of shares of Common Stock (i)&nbsp;a form of letter of transmittal (the
&#8220;<U>Letter of Transmittal</U>&#8221;) which shall specify that delivery shall be effected and risk of loss and title shall pass (A)&nbsp;with respect to shares evidenced by Certificates, only upon the proper delivery of the Certificates and
validly executed Letter </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-8 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of Transmittal to the Paying Agent (and such other documents as the Paying Agent may reasonably request) and (B)&nbsp;with respect to Book-Entry Shares, only upon proper delivery of an
&#8220;agent&#8217;s message&#8221; regarding the book-entry transfer of Book-Entry Shares (or such other evidence, if any, of the transfer as the Paying Agent may reasonably request) and (ii)&nbsp;instructions for effecting the surrender of
Book-Entry Shares or Certificates in exchange for the applicable Merger Consideration. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>Merger Consideration Received in Connection
with Exchange</U>. Upon (i)&nbsp;in the case of shares of Common Stock represented by a Certificate, the surrender of such Certificate for cancellation to the Paying Agent together with the Letter of Transmittal, duly, completely and validly
executed in accordance with the instructions thereto, or (ii)&nbsp;in the case of shares of Common Stock held as Book-Entry Shares, the receipt of an &#8220;agent&#8217;s message&#8221; by the Paying Agent, in each case together with such other
documents as may reasonably be required by the Paying Agent, the holder of such shares shall be entitled to receive in exchange therefor the Merger Consideration into which such shares of Common Stock have been converted pursuant to
<U>Section</U><U></U><U>&nbsp;2.01</U>. In the event of a transfer of ownership of shares of Common Stock that is not registered in the transfer records of the Company, the Merger Consideration may be paid to a transferee if the Certificate or
Book-Entry Share representing such shares of Common Stock is presented to the Paying Agent (or, in the case of Book-Entry Shares, proper evidence of such transfer) accompanied by all documents required to evidence and effect such transfer and by
evidence that any applicable share transfer Taxes have been paid. Until surrendered as contemplated by this <U>Section&nbsp;2.02(c</U>), each share of Common Stock, and any Certificate with respect thereto, shall be deemed at any time from and after
the Effective Time to represent only the right to receive upon such surrender the Merger Consideration that the holders of shares of Common Stock are entitled to receive in respect of such shares pursuant to this
<U>Section</U><U></U><U>&nbsp;2.02(c</U>). No interest will be paid or accrued on the cash payable upon surrender of the Certificates (or shares of Common Stock held as Book-Entry Shares). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) <U>No Further Ownership Rights in Common Stock</U>. The Aggregate Merger Consideration paid in accordance with the terms of this
<U>Article II</U> upon conversion of any shares of Common Stock and any Company RSUs or Company PSUs shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such shares of Common Stock, Company RSUs or Company
PSUs, as applicable. From and after the Effective Time, there shall be no further registration of transfers on the share transfer books of the Surviving Corporation of shares of Common Stock, Company RSUs or Company PSUs that were outstanding
immediately prior to the Effective Time. From and after the Effective Time, the holders of Certificates (or Book-Entry Shares) representing shares of Common Stock outstanding immediately prior to the Effective Time shall cease to have any rights
with respect to such shares of Common Stock, except as otherwise provided for herein or by applicable Law. If, after the Effective Time, any Certificates formerly representing shares of Common Stock (or shares of Common Stock held in book-entry
form) are presented to Parent or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this <U>Article II</U>, subject to applicable Law in the case of Dissenting Shares. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) <U>Termination of Payment Fund</U>. Any portion of the Payment Fund (including any interest received with respect thereto) that remains
undistributed to the holders of shares of Common Stock for one year after the Effective Time shall be delivered to Parent (or its designee), and any holder of shares of Common Stock who has not theretofore complied with this <U>Article II</U> shall
thereafter look only to Parent (subject to abandoned property, escheat or other similar Laws) for payment of its claim for Merger Consideration without any interest thereon. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-9 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) <U>No Liability</U>. None of the Company, Parent, Merger Sub or the Paying Agent shall
be liable to any Person in respect of any portion of the Payment Fund delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) <U>Investment of Payment Fund</U>. The Paying Agent shall invest any cash in the Payment Fund if and as directed by Parent;
<U>provided</U> that such investment shall be in obligations of, or guaranteed by, the United States of America, in commercial paper obligations of issuers organized under the Law of a state of the United States of America, rated <FONT
STYLE="white-space:nowrap">A-1</FONT> or <FONT STYLE="white-space:nowrap">P-1</FONT> or better by Moody&#8217;s Investors Service, Inc. or Standard&nbsp;&amp; Poor&#8217;s Ratings Service, respectively, or in certificates of deposit, bank repurchase
agreements or bankers&#8217; acceptances of commercial banks with capital exceeding $10&nbsp;billion, or in mutual funds investing in such assets, and, in any case, no such instrument shall have a maturity that may prevent or delay payments to be
made pursuant to this <U>Article II</U>. Any interest and other income resulting from such investments shall be paid to, and be the property of, Parent. No investment losses resulting from investment of the Payment Fund shall diminish the rights of
any of the Company&#8217;s stockholders to receive the Merger Consideration or any other payment as provided herein. To the extent there are losses with respect to such investments or (subject to <U>Section</U><U></U><U>&nbsp;2.02(e</U>)) the
Payment Fund diminishes for any other reason below the level required to make prompt cash payment of the aggregate funds required to be paid pursuant to the terms hereof, Parent shall reasonably promptly replace or restore the cash in the Payment
Fund so as to ensure that the Payment Fund is at all times maintained at a level sufficient to make such cash payments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h)
<U>Withholding Rights</U>. Each of Parent, the Company, the Surviving Corporation, the Paying Agent or any other applicable withholding agent (without duplication) shall be entitled to deduct and withhold from the consideration otherwise payable to
any Person pursuant to this Agreement such amounts as are required to be deducted and withheld with respect to the making of such payment under applicable Law. Amounts so withheld and paid over to the appropriate taxing authority shall be treated
for all purposes of this Agreement as having been paid to the Person in respect of which such deduction or withholding was made. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i)
<U>Lost Certificates</U>. If any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the Person claiming such Certificate to be lost, stolen or destroyed, the Paying Agent shall, in exchange for
such lost, stolen or destroyed Certificate, pay the Merger Consideration deliverable in respect thereof pursuant to this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_13"></A>Section&nbsp;2.03 <U>Dissenters</U><U>&#8217;</U><U> Rights</U>. Notwithstanding any other provision of this Agreement to the contrary, to the extent that holders thereof are entitled to appraisal rights under Section<U></U>&nbsp;262 of the
DGCL, shares of Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has properly exercised and perfected his, her or its demand for appraisal or dissenters&#8217; rights under Section<U></U>&nbsp;262
of the DGCL (the &#8220;<U>Dissenting Shares</U>&#8221;), shall not be converted into the right to receive the Merger Consideration. At the Effective Time, the Dissenting Shares shall no longer be outstanding and shall automatically be canceled and
shall cease to exist, and each holder of Dissenting Shares shall cease to have any rights with respect thereto, but the holders of such Dissenting Shares shall be entitled to receive such consideration as shall be determined pursuant to
Section<U></U>&nbsp;262 of the DGCL; provided, however, that if any such holder shall have failed to perfect or shall have effectively withdrawn or lost his, her or its right to appraisal or dissenters&#8217; rights and payment under the DGCL, as
applicable (whether occurring before, at or after the Effective Time), such holder&#8217;s shares of Common Stock shall thereupon be deemed to have been converted as of the Effective Time into the right to receive the Merger Consideration, without
any interest thereon, and such shares shall not be deemed to be Dissenting Shares. The Company shall give prompt (and, in any event, within two (2)&nbsp;Business Days) written notice to Parent of any demands for appraisal of or dissenters&#8217;
rights </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-10 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
respecting any shares of Common Stock (or threats thereof), withdrawals of such demands and any other instruments served pursuant to the DGCL received by the Company relating to appraisal or
dissenters&#8217; demands, and Parent shall have the right to participate in and direct all negotiations and proceedings with respect to such demands. Prior to the Effective Time, the Company shall not, without the prior written consent of Parent,
voluntarily make any payment with respect to, or settle or offer to settle, or compromise any of the Company&#8217;s rights with respect to, any such demands, waive any failure to timely deliver a demand for appraisal pursuant to, or otherwise
comply with, Section&nbsp;262 of the DGCL, or agree to do or commit to do any of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_14"></A>Section&nbsp;2.04 <U>Treatment of </U><U>Equity Awards</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Company RSUs</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) At the Effective Time, each then outstanding Company RSU that is vested (but not yet settled) immediately prior to the
Effective Time or becomes vested as of the Effective Time in accordance with the terms thereof (each, a &#8220;<U>Vested Company RSU</U>&#8221;) shall, by virtue of the Merger and without any action on the part of the holder thereof, automatically
be canceled in exchange for the right of the holder thereof to receive an amount in cash, without interest and subject to applicable withholding Taxes and other authorized deductions, equal to the product of (x)&nbsp;the Merger Consideration,
<I>multiplied</I> by (y)&nbsp;the number of shares of Common Stock subject to such Vested Company RSUs (the &#8220;<U>Vested RSU Consideration</U>&#8221;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) At the Effective Time, each then outstanding Company RSU that is not a Vested Company RSU (each, an &#8220;<U>Unvested
Company RSU</U>&#8221;) shall, by virtue of the Merger and without any action on the part of the holder thereof automatically be canceled and converted into the contingent right to receive from Parent or the Surviving Corporation an aggregate amount
in cash, without interest and subject to applicable withholding Taxes and other authorized deductions, equal to the product of (x)&nbsp;the Merger Consideration, <I>multiplied</I> by (y)&nbsp;the number of shares of Common Stock subject to such
Unvested Company RSUs (each, a &#8220;<U>Converted RSU Cash Award</U>&#8221;). Each such Converted RSU Cash Award assumed and converted pursuant to this <U>Section</U><U></U><U>&nbsp;2.04(a)(ii)</U> will continue to have, and will be subject to, the
same vesting terms and conditions as applied to the corresponding Unvested Company RSU immediately prior to the Effective Time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) From and after the Effective Time, the Company RSUs shall no longer be outstanding and shall automatically be canceled
and shall cease to exist, and each applicable holder of such Company RSUs shall cease to have any rights with respect thereto, except the right to receive the Vested RSU Consideration and Converted RSU Cash Awards payable at the time and in the
manner set forth in <U>Section</U><U></U><U>&nbsp;2.04(a</U>) and <U>Section</U><U></U><U>&nbsp;2.04(c)</U>, as applicable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b)
<U>Company PSUs</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) At the Effective Time, each then outstanding Company PSU shall, by virtue of the Merger and
without any action on the part of the holder thereof, automatically be canceled and converted into a contingent right to receive from Parent or the Surviving Corporation an aggregate amount in cash, without interest and subject to applicable
withholding Taxes and other authorized deductions, equal to the product of (A)&nbsp;the Merger Consideration, <I>multiplied</I> by (B)&nbsp;the number of shares of Common Stock issuable pursuant to each such Company PSU determined based upon the
greater of (x)&nbsp;the target level of performance and (y)&nbsp;the actual level of performance calculated as of the latest practicable date prior to the Effective Time as determined by the Leadership Development and Compensation Committee of the
Company Board in accordance with the terms </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-11 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
of the applicable award agreement as in effect on the date hereof, <U>provided</U> that Parent will be provided with an opportunity to review such performance calculations and consult in good
faith with the Company (and the Company will give good faith consideration to any comments from Parent with respect thereto) reasonably in advance of the Company&#8217;s Leadership Development and Compensation Committee&#8217;s approval (each, a
&#8220;<U>Converted PSU Cash Award</U>&#8221;). Each such Converted PSU Cash Award assumed and converted pursuant to this <U>Section</U><U></U><U>&nbsp;2.04(b)(</U><U>i</U><U>)</U> shall be payable on the last day of the performance period that
applied to the corresponding Company PSUs immediately prior to the Effective Time (such date, the &#8220;<U>Vesting Date</U>&#8221;), and shall otherwise be subject to the same vesting terms and conditions as applied to the corresponding Company PSU
immediately prior to the Effective Time, except that no performance-based conditions shall apply to the Converted PSU Cash Awards. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) From and after the Effective Time, the Company PSUs shall no longer be outstanding and shall automatically be canceled
and shall cease to exist, and each applicable holder of such Company PSUs shall cease to have any rights with respect thereto, except the right to receive the Converted PSU Cash Awards payable at the time and in the manner set forth in
<U>Section</U><U></U><U>&nbsp;2.04(b)(i)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>Payments with Respect to Company Equity Awards</U>. The Company or the applicable
Company Subsidiary shall satisfy through its payroll systems or standard accounts payable procedures or through the Paying Agent, as applicable, all amounts in respect of the Vested RSU Consideration payable pursuant to
<U>Section&nbsp;2.04(</U><U>a)(</U><U>i</U><U>)</U> to the applicable recipients thereof on or as soon as practicable after the Effective Time and in no event later than five (5) Business Days following the Effective Time; <U>provided</U>,
<U>however</U>, with respect to any Vested Company RSU that constitutes nonqualified deferred compensation subject to Section&nbsp;409A of the Code, such payment shall be made at the earliest time permitted under the applicable Company Share Plan
that shall not trigger a Tax or penalty under Section&nbsp;409A of the Code. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) <U>Company Actions</U>. Prior to the Effective Time, the
Company Board (or, if appropriate, any duly authorized committee thereof administering the Company Share Plans) shall adopt such resolutions and take such other actions as may be required to provide for the treatment set forth in this
<U>Section&nbsp;2.04</U> in respect of the Company RSUs and Company PSUs. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_15"></A>ARTICLE III </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_16"></A>REPRESENTATIONS AND WARRANTIES OF THE COMPANY </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The Company represents and warrants to Parent and Merger Sub that the statements contained in this <U>Article&nbsp;III</U> are true and
correct except (i)&nbsp;as set forth in the Company SEC Documents furnished or filed and publicly available on or after January&nbsp;1, 2024 and at least one Business Day prior to the date of this Agreement (including all exhibits and schedules
thereto, but excluding any cautionary, predictive or forward-looking disclosures set forth in any &#8220;risk factors&#8221; section, any disclosures in any &#8220;forward-looking statements&#8221; section and any other disclosures included therein
to the extent they are cautionary, predictive or forward-looking in nature) or (ii)&nbsp;as set forth in the disclosure letter delivered by the Company to Parent at or before the execution and delivery by the Company of this Agreement (the
&#8220;<U>Company Disclosure Letter</U>&#8221;). The Company Disclosure Letter shall be arranged in numbered and lettered sections corresponding to the numbered and lettered sections contained in this Agreement, and the disclosure in any section or
subsection shall be deemed to qualify the corresponding section and any other section in this Agreement to the extent that it is reasonably apparent on the face of such disclosure that such disclosure also qualifies or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-12 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
applies to such other section or subsection; <U>provided</U> that nothing in the Company Disclosure Letter is intended to broaden the scope of any representation or warranty of the Company made
herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_17"></A>Section&nbsp;3.01 <U>Organization, Standing and Power</U>. The Company and each of its Subsidiaries
that is a &#8220;Significant Subsidiary&#8221; (as defined in Rule <FONT STYLE="white-space:nowrap">1-02</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> under the U.S. federal securities Laws) of the Company (the
&#8220;<U>Significant Subsidiaries</U>&#8221;) are duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is organized (in the case of good standing, to the extent such jurisdiction recognizes such
concept). Each of the Company Subsidiaries that are not Significant Subsidiaries is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is organized (in the case of good standing, to the extent such
jurisdiction recognizes such concept), except where the failure to be so organized, exist or be in good standing has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each of
the Company and the Company Subsidiaries has all requisite power and authority to conduct its businesses as presently conducted, except where the failure to have such power or authority, individually or in the aggregate, has not had and would not
reasonably be expected to have a Company Material Adverse Effect. Each of the Company and the Company Subsidiaries is duly qualified or licensed to do business in each jurisdiction where the nature of its business or the ownership or leasing of its
properties make such qualification necessary, other than in such jurisdictions where the failure to be so qualified or licensed has not had and would not reasonably be expected to have a Company Material Adverse Effect. The Company has delivered or
made available to Parent, prior to execution of this Agreement, true and complete copies of its Organizational Documents and the Organizational Documents of the Significant Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_18"></A>Section&nbsp;3.02 <U>Company Subsidiaries</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Section </U><U>3.02(a)</U> of the Company Disclosure Letter sets forth a true and complete list of each of the Company&#8217;s
Subsidiaries (including Owner Trusts), other than Immaterial Subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) All of the outstanding shares of capital stock or voting
securities of, or other equity interests in, each Company Subsidiary have been validly issued and are fully paid and nonassessable and are owned directly or indirectly by the Company, by a Company Subsidiary or by the Company and a Company
Subsidiary, free and clear of all Liens, excluding Permitted Liens, and free of any other material restriction (including any restriction on the right to vote, sell or otherwise dispose of such shares of capital stock, voting securities or other
equity interests), except for restrictions imposed by applicable securities Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Except for the shares of capital stock and voting
securities of, and other equity interests in, the Company Subsidiaries and except as would not be material to the Company and the Company Subsidiaries, taken as a whole, none of the Company or any Company Subsidiary owns, directly or indirectly, any
shares of capital stock or voting securities of, or other equity interests in, or any interest convertible into or exchangeable or exercisable for, any shares of capital stock or voting securities of, or other equity interests in, any Person, in
each case, other than securities held for investment by the Company or the Company Subsidiaries in the ordinary course of business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_19"></A>Section&nbsp;3.03 <U>Capital Structure</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The authorized shares of capital stock of the Company consist of 500,000,000 shares
of Common Stock, 10,000,000 shares of Class&nbsp;B Common Stock (the&nbsp;&#8220;<U>Class</U><U></U><U>&nbsp;B <FONT STYLE="white-space:nowrap">Non-Voting</FONT> Common Stock</U>&#8221;), and 50,000,000 shares of preferred stock, $0.01 par value, of
the Company (the &#8220;<U>Preferred Stock</U>&#8221; and, together with the Common Stock and Class&nbsp;B <FONT STYLE="white-space:nowrap">Non-Voting</FONT> Common Stock, the &#8220;<U>Capital Stock</U>&#8221;). At the close of business on
August&nbsp;28, 2025, (i)&nbsp;111,765,032 shares of Common Stock were </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-13 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
issued and outstanding; (ii)&nbsp;no shares of Class&nbsp;B <FONT STYLE="white-space:nowrap">Non-Voting</FONT> Common Stock were issued and outstanding; (iii) 300,000 shares of Series B Preferred
Stock were issued and outstanding (the &#8220;<U>Series</U>&nbsp;<U>B</U> <U>Preferred Stock</U>&#8221;); (iv) 300,000 shares of Series C Preferred Stock were issued and outstanding (the &#8220;<U>Series C Preferred Stock</U>&#8221;); (v) 300,000
shares of Series D Preferred Stock were issued and outstanding (the &#8220;<U>Series D Preferred Stock</U>&#8221;); (vi)&nbsp;2,405,179 shares of Common Stock were reserved and available for the grant of future awards pursuant to the Company Share
Plans; and (vii)&nbsp;2,843,213 shares of Common Stock were issuable upon the vesting or settlement of outstanding Company RSUs and Company PSUs (assuming achievement of all applicable performance goals at the maximum level of performance and
including dividend equivalent rights through that date). Except as set forth in this <U>Section</U><U></U><U>&nbsp;3.03(a)</U>, at the close of business on August&nbsp;28, 2025, no shares of capital stock or voting securities of, or other equity
interests in, the Company were issued, reserved for issuance or outstanding. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) All outstanding shares of Common Stock and Preferred
Stock are, and, at the time of issuance, all shares of Common Stock that may be issued upon the vesting or settlement of Company RSUs and Company PSUs will be, duly authorized, validly issued, fully paid and nonassessable and not subject to, or
issued in violation of, any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the applicable state and federal securities Laws, the DGCL, the Organizational
Documents of the Company or any written contract, lease, license, indenture, note, bond, agreement, undertaking, franchise or other instrument (in each case, to the extent legally binding on the parties thereto) (a &#8220;<U>Contract</U>&#8221;) to
which the Company is a party or otherwise bound. Except as set forth above in this <U>Section</U><U></U><U>&nbsp;3.03</U>, there are not issued, reserved for issuance or outstanding, and there are not any outstanding obligations of the Company or
any Company Subsidiary to issue, deliver or sell, or cause to be issued, delivered or sold, (x)&nbsp;any shares of capital stock of the Company or any Company Subsidiary or any securities of the Company or any Company Subsidiary convertible into or
exchangeable or exercisable for shares of capital stock or voting securities of, or other equity interests in, the Company or any Company Subsidiary, (y)&nbsp;any warrants, calls, options or other rights to acquire from the Company or any Company
Subsidiary, or any other obligation of the Company or any Company Subsidiary to issue, deliver or sell, or cause to be issued, delivered or sold, any shares of capital stock or voting securities of, or other equity interests in, the Company or any
Company Subsidiary or (z)&nbsp;any rights issued by, or other obligations of, the Company or any Company Subsidiary that are linked in any way to the price of any class of Capital Stock or any shares of capital stock of any Company Subsidiary, the
value of the Company, any Company Subsidiary or any part of the Company or any Company Subsidiary or any dividends or other distributions declared or paid on any shares of capital stock of the Company or any Company Subsidiary. Except for
acquisitions, or deemed acquisitions, of shares of Common Stock or other equity securities of the Company in connection with (i)&nbsp;the vesting or settlement of Company RSUs and Company PSUs, and (ii)&nbsp;forfeitures of Company RSUs and Company
PSUs, there are not any outstanding obligations of the Company or any of the Company Subsidiaries to repurchase, redeem or otherwise acquire any shares of capital stock or voting securities or other equity interests of the Company or any Company
Subsidiary or any securities, interests, warrants, calls, options or other rights referred to in clause (x), (y) or (z)&nbsp;of the immediately preceding sentence. There are no debentures, bonds, notes or other Indebtedness of the Company having the
right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the Company&#8217;s stockholders may vote (&#8220;<U>Company Voting Debt</U>&#8221;). Except for the Voting Agreements, none of the
Company or any of the Company Subsidiaries is a party to any voting agreement with respect to the voting of any shares of capital stock or voting securities of, or other equity interests in, the Company. None of the Company or any of the Company
Subsidiaries is a party to any agreement pursuant to which any Person is entitled to elect, designate or nominate any director of the Company or any of the Significant Subsidiaries. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-14 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_20"></A>Section&nbsp;3.04 <U>Authority; Execution and Delivery;
Enforceability</U>. The Company has all requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Merger and the other transactions contemplated by this Agreement,
subject, in the case of the Merger, to the receipt of the affirmative votes of holders of a majority of the outstanding shares of Common Stock at the Company Stockholder Meeting (the &#8220;<U>Company Stockholder Approval</U>&#8221;). The Board of
Directors of the Company (the &#8220;<U>Company Board</U>&#8221;) has unanimously adopted resolutions, by vote of the directors present at a meeting duly called at which all directors of the Company were present, (i)&nbsp;determining that the terms
of this Agreement, the Merger and the other transactions contemplated hereby are fair and in the best interests of the Company and its stockholders; (ii)&nbsp;approving and declaring advisable the execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby, including the Merger; and (iii)&nbsp;subject to <U>Section</U><U></U>&nbsp;5.04, recommending that the Company&#8217;s stockholders vote in favor of the adoption and approval of
this Agreement and the transactions contemplated hereby, including the Merger, at a duly held meeting of such stockholders for such purpose (the &#8220;<U>Company Stockholder Meeting</U>&#8221;). As of the date of this Agreement, such resolutions
have not been amended or withdrawn. Except for the Company Stockholder Approval, no other corporate proceedings or approvals on the part of the Company or its Affiliates are necessary to authorize or adopt this Agreement or to consummate the Merger
and the other transactions contemplated by this Agreement (except for the filing of the Merger Certificate<U> </U>with, and acceptance for record by, the Delaware Secretary of State pursuant to the DGCL). The Company has duly executed and delivered
this Agreement, and, assuming the due authorization, execution and delivery by Parent and Merger Sub, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms except, in each case, as
enforcement may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar Laws affecting creditors&#8217; rights generally and by general principles of equity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_21"></A>Section&nbsp;3.05 <U>No Conflicts; Consents</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The execution and delivery by the Company of this Agreement do not, and the performance by it of its obligations hereunder and the
consummation of the Merger and the other transactions contemplated by this Agreement will not, conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or (solely with respect to clause (ii)
below) give rise to a right of termination, cancellation or acceleration of any obligation, any obligation to make an offer to purchase or redeem any Indebtedness or shares of capital stock or any loss of a material benefit under, or result in the
creation of any Lien upon any of the properties or assets of the Company or any Company Subsidiary under, any provision of (i) the Organizational Documents of the Company or the comparable Organizational Documents of any Company Subsidiary (assuming
that the Company Stockholder Approval is obtained), (ii) any Material Contract to which the Company or any Company Subsidiary is a party or by which any of their respective properties or assets is bound or (iii)&nbsp;subject to the filings and other
matters referred to in <U>Section 3.05(b)</U>, any governmental franchises, licenses, permits, authorizations, qualifications, variances, exemptions, orders and approvals (each a &#8220;<U>Permit</U>&#8221; and collectively, the
&#8220;<U>Permits</U>&#8221;), judgment, order or decree (&#8220;<U>Judgment</U>&#8221;) or statute, law (including common law), ordinance, rule or regulation (&#8220;<U>Law</U>&#8221;), in each case, applicable to the Company or any Company
Subsidiary or their respective properties or assets (assuming that the Company Stockholder Approval is obtained), other than, in the case of clauses (ii) and (iii) above, any matters that, individually or in the aggregate, have not had and would not
reasonably be expected to have a Company Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) No Permits, consent, approval, clearance, waiver or order
(collectively, with the Permits, the &#8220;<U>Consents</U>&#8221; and each, a &#8220;<U>Consent</U>&#8221;) of or from, or registration, declaration, notice or filing made to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-15 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
or with any federal, national, state, provincial or local, whether domestic or foreign, government or any court of competent jurisdiction, administrative agency or commission or other
governmental authority or instrumentality, whether domestic, foreign or supranational (a &#8220;<U>Governmental Entity</U>&#8221;) is required to be obtained or made by or with respect to the Company or any Company Subsidiary in connection with the
execution and delivery of this Agreement or its performance of its obligations hereunder or the consummation of the Merger and the other transactions contemplated by this Agreement, other than (i)&nbsp;(A) the filing with the SEC of the Proxy
Statement in preliminary and definitive forms, and (B)&nbsp;the filing with the SEC of such reports under, and such other compliance with, the Exchange Act and the Securities Act, and the rules and regulations thereunder, as may be required in
connection with this Agreement, the Merger and the other transactions contemplated by this Agreement (including the requirement under the Exchange Act for the stockholders of the Company to approve or disapprove, on an advisory basis, certain
compensation that may become payable to the Company&#8217;s named executive officers in connection with the completion of the Merger); (ii)&nbsp;(A) compliance with and filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended (the &#8220;<U>HSR Act</U>&#8221;), (B)&nbsp;approvals and filings under all other Required Regulatory Approvals and (C)&nbsp;such other Consents, registrations, declarations, notices or filings as are required to be made or obtained under
any <FONT STYLE="white-space:nowrap">non-U.S.</FONT> antitrust, competition, trade regulation, Foreign Investment Laws or similar Laws in order to complete the Merger and the other transactions contemplated by this Agreement; (iii)&nbsp;the filing
of the Merger Certificate with, and acceptance for record by, the Delaware Secretary of State pursuant to the DGCL; (iv)&nbsp;the filing of appropriate documents with the relevant authorities of the other jurisdictions in which Parent and the
Company are qualified to do business; (v)&nbsp;compliance with the NYSE rules and regulations; and (vi)&nbsp;such other matters that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material
Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) The Company Stockholder Approval is the only vote of the holders of any class or series of the Company&#8217;s shares
of capital stock necessary for the adoption of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_22"></A>Section&nbsp;3.06 <U>SEC Documents; Undisclosed
Liabilities</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The Company has furnished or filed all reports, schedules, forms, statements and other documents (including exhibits
and other information incorporated therein) required to be furnished or filed by the Company with the SEC since January&nbsp;1, 2024 (such documents, together with any documents filed with the SEC during such period by the Company on a voluntary
basis on a Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> but excluding the Proxy Statement, being collectively referred to as the &#8220;<U>Company SEC Documents</U>&#8221;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Each Company SEC Document (i)&nbsp;at the time filed or, if amended or supplemented, as of the date of the most recent amendment or
supplement thereto (or in the case of Company SEC Documents that are registration statements filed pursuant to the requirements of the Securities Act, as of their respective effective dates), complied in all material respects with the requirements
of SOX and the Exchange Act or the Securities Act, as the case may be, and the rules and regulations of the SEC promulgated thereunder applicable to such Company SEC Document and (ii)&nbsp;did not at the time it was filed (or became effective in the
case of registration statements or if amended or superseded by a filing or amendment prior to the date of this Agreement, then at the time of such filing or amendment) contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. Each of the consolidated financial statements of the Company included in the Company SEC
Documents complied at the time it was filed as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, was prepared in accordance with United States generally
accepted accounting </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-16 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
principles (&#8220;<U>GAAP</U>&#8221;) (except, in the case of unaudited statements, as permitted by Form <FONT STYLE="white-space:nowrap">10-Q</FONT> of the SEC) applied on a consistent basis
during the periods involved (except as may be indicated in the notes thereto) and fairly presented in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the
consolidated results of their operations and cash flows for the periods shown (subject, in the case of unaudited statements, to the absence of footnote disclosure and to normal <FONT STYLE="white-space:nowrap">year-end</FONT> audit adjustments).
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Except (i)&nbsp;as reflected or reserved against in the Company&#8217;s consolidated balance sheet as of June&nbsp;30, 2025 (or the
notes thereto) included in the Company SEC Documents, (ii)&nbsp;for liabilities and obligations incurred in connection with or contemplated by this Agreement, (iii)&nbsp;for liabilities and obligations that have been incurred in the ordinary course
of business consistent with past practice since June&nbsp;30, 2025, (iv) for liabilities and obligations that have been discharged or paid in full in the ordinary course of business consistent with past practice, and (v)&nbsp;for liabilities and
obligations that, individually or in the aggregate, are not material to the Company and the Company Subsidiaries, taken as a whole, none of the Company or any Company Subsidiary has any liabilities or obligations of any nature (whether accrued,
absolute, contingent or otherwise) which are required to be recorded or reflected on a balance sheet, or in the footnotes thereto, under GAAP. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The Company maintains a system of &#8220;internal control over financial reporting&#8221; (as defined in
<FONT STYLE="white-space:nowrap">Rules&nbsp;13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f)</FONT> under the Exchange Act) designed to provide reasonable assurance (i)&nbsp;that transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP consistently applied, (ii)&nbsp;that transactions are executed only in accordance with the authorization of management and (iii)&nbsp;regarding prevention or timely detection of the
unauthorized acquisition, use or disposition of the Company&#8217;s properties or assets. No material weakness exists with respect to the Company&#8217;s system of internal control over financial reporting that would be required to be disclosed by
the Company pursuant to Item 308(a)(3) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> promulgated by the SEC. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) The
&#8220;disclosure controls and procedures&#8221; (as defined in Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e)</FONT> under the Exchange Act) utilized by the Company are designed to ensure that
all information (both financial and <FONT STYLE="white-space:nowrap">non-financial)</FONT> required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within
the time periods specified in the rules and forms of the SEC and that all such information required to be disclosed is accumulated and communicated to the management of the Company, as appropriate, to allow timely decisions regarding required
disclosure and to enable the chief executive officer and chief financial officer of the Company to make the certifications required under the Exchange Act with respect to such reports. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) None of the Company Subsidiaries is, or has at any time since January&nbsp;1, 2022, been, subject to the reporting requirements of
Section&nbsp;13(a) or 15(d) of the Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_23"></A>Section&nbsp;3.07 <U>Information Supplied</U>. None of the
information supplied or to be supplied by the Company or any of its Affiliates for inclusion or incorporation by reference in the Proxy Statement will, at the date it is first mailed to the Company&#8217;s stockholders or at the time of the Company
Stockholder Meeting, contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading. The Proxy Statement
will comply as to form in all material respects with the requirements of the Exchange Act and the rules and regulations thereunder. No representation is made by the Company or any of its Affiliates with respect to statements made or incorporated by
reference therein based on information supplied by Parent, Merger Sub or any of their respective Affiliates for inclusion or incorporation by reference therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-17 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_24"></A>Section&nbsp;3.08 <U>Absence of Certain Changes or Events</U>.
From June&nbsp;30, 2025, to the date of this Agreement, there has not occurred any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect. From
June&nbsp;30, 2025, to the date of this Agreement, each of the Company and the Company Subsidiaries has conducted its respective business in the ordinary course consistent with past practice in all material respects<U> </U>and has not taken any
action that, if taken after the date of this Agreement, would require Parent&#8217;s consent under <U>Section</U><U></U><U>&nbsp;5.01</U> of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_25"></A>Section&nbsp;3.09 <U>Taxes</U>. Except for matters that, individually or in the aggregate, have not had and would
not reasonably be expected to have a Company Material Adverse Effect: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Each of the Company and each Company Subsidiary has
(i)&nbsp;filed all Tax Returns required to have been filed by it (taking into account any extensions of time within which to file such Tax Returns) and (ii)&nbsp;paid all Taxes required to have been paid by it (whether or not shown as due on the
Company or applicable Company Subsidiary&#8217;s Tax Returns). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) No deficiency for Taxes has been assessed or asserted in writing by
any Governmental Entity against the Company or any Company Subsidiary, except for deficiencies which have been satisfied by payment, settled or withdrawn. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) There are no ongoing, pending or threatened in writing audits, examinations or other proceedings with respect to any Taxes of the Company
or any Company Subsidiary. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) There are no waivers or extensions of any statute of limitations currently in effect with respect to Taxes
of the Company or any Company Subsidiary (other than extensions that arise as a result of filing Tax Returns by the extended due date therefor). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) None of the Company or any Company Subsidiary has any current liability for Taxes of any Person (other than the Company or any Company
Subsidiary)&nbsp;(i) under Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.1502-6</FONT> (or any similar provision of state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Law), (ii) as a transferee or successor or
(iii)&nbsp;by Contract (other than Contracts entered into in the ordinary course of business and not relating primarily to Taxes). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f)
There are no Liens for Taxes upon any property or assets of the Company or any Company Subsidiary, except for Permitted Liens. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) None
of the Company or any Company Subsidiary is a party to or is bound by any Tax sharing, allocation or indemnification agreement or arrangement (other than such an agreement or arrangement exclusively between or among the Company and Company
Subsidiaries or customary <FONT STYLE="white-space:nowrap">gross-up</FONT> provisions in any credit agreement, employment agreement or similar commercial contract the primary purpose of which does not relate to Taxes). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h) None of the Company or any Company Subsidiary has been a &#8220;distributing corporation&#8221; or a &#8220;controlled corporation&#8221;
in a distribution intended to qualify for <FONT STYLE="white-space:nowrap">tax-free</FONT> treatment under Section&nbsp;355 of the Code. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) None of the Company or any Company Subsidiary has participated in any &#8220;listed transaction&#8221; within the meaning of Treasury
Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.6011-4</FONT> (or a similar provision of state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Law). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(j) The Company and each Company Subsidiary withheld and remitted all Taxes required to have been withheld and remitted, including in
connection with amounts paid or owing to any employee, creditor, stockholder, independent contractor or other third party. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-18 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(k) Neither the Company nor any Company Subsidiary will be required to include any material
item of income in, or exclude any material item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any (i)&nbsp;change in, or use of improper, accounting method prior to the
Closing Date or for a taxable period ending on or prior to the Closing Date, (ii) &#8220;closing agreement&#8221; described in Section&nbsp;7121 of the Code (or any corresponding or similar provision of applicable Law regarding Taxes) executed on or
prior to the Closing Date, (iii)&nbsp;installment sale or open transaction disposition made on or prior to the Closing Date, (iv)&nbsp;prepaid amount or advance payments received or deferred revenue received or accrued on or prior to the Closing
Date or (v) intercompany transaction or excess loss account, in each case, described in Treasury Regulations under Section&nbsp;1502 of the Code (or any corresponding or similar provision of applicable Law regarding Taxes). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_26"></A>Section&nbsp;3.10 <U>Employee Benefits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Section 3.10(a)</U> of the Company Disclosure Letter sets forth a complete list of all material Company Benefit Plans. For purposes of
this Agreement, (i) &#8220;<U>Company Benefit Plan</U>&#8221; means each &#8220;employee benefit plan&#8221; (as defined in Section&nbsp;3(3) of ERISA, whether or not subject to ERISA) and each other employment, bonus, deferred compensation,
incentive compensation, option, equity or equity-based award, retention, change in control, transaction bonus, salary continuation, severance or termination pay, medical, dental, vision, life insurance, disability or sick leave benefit, supplemental
unemployment benefits, profit-sharing, pension, retirement or other compensation or benefit plan, program, agreement or arrangement, in each case, whether written or unwritten, (A)&nbsp;that is maintained, sponsored or contributed to (or required to
be contributed to) by the Company or any Company Subsidiary in respect of any current or former directors, officers, employees or individual independent contractors of the Company or any Company Subsidiary or (B)&nbsp;with respect to which the
Company or any Company Subsidiary has any actual or contingent liability; <U>provided</U> that in no event shall a Company Benefit Plan include any arrangement operated by a Governmental Entity, and (ii)
&#8220;<U><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Benefit Plan</U>&#8221; means each Company Benefit Plan that covers current or former directors, officers, employees or individual independent contractors of the Company or any Company
Subsidiary who are located primarily outside of the United States. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Copies of the following materials have been made available to
Parent with respect to each material Company Benefit Plan, in each case to the extent applicable: (i)&nbsp;the plan document and all amendments thereto; (ii)&nbsp;the current determination letter or opinion letter from the Internal Revenue Service
(the &#8220;<U>IRS</U>&#8221;); (iii) the current summary plan description and any summary of material modifications; (iv)&nbsp;the most recent annual report on Form 5500 filed with the IRS; (v)&nbsp;the most recently prepared actuarial reports and
financial statements; (vi)&nbsp;any material <FONT STYLE="white-space:nowrap">non-routine</FONT> correspondence with any Governmental Entity during the last year; and (vii)&nbsp;for each material <FONT STYLE="white-space:nowrap">Non-U.S.</FONT>
Benefit Plan, any applicable documents that are substantially comparable (taking into account differences in applicable Law and practices) to the documents required to be provided in clauses (i)&nbsp;through (vi). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Except as would not be reasonably expected to have, individually or in the aggregate, a Company Material Adverse Effect, (i)&nbsp;each
Company Benefit Plan has been operated and administered in accordance with its terms and applicable Law (including ERISA and the Code); (ii) all contributions required to be made with respect to any Company Benefit Plan have been timely made and
deposited or reflected in the Company&#8217;s financial statements; (iii)&nbsp;there is no pending or, to the Knowledge of the Company, threatened, claim, assessment, complaint, grievance, proceeding or, to the Knowledge of the Company,
investigation of any kind by any Governmental Entity with respect to any Company Benefit Plan (other than routine claims for benefits); and (iv)&nbsp;each <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Benefit Plan, if intended to
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-19 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
qualify for special Tax treatment, meets all applicable requirements, and if required to be funded, book-reserved or secured by an insurance policy, is so fully funded, book-reserved or secured,
based on reasonable actuarial assumptions. Each Company Benefit Plan intended to be qualified under Section&nbsp;401(a) of the Code has received a favorable determination or opinion letter from the IRS and, to the Knowledge of the Company, no
circumstances exist that would reasonably be expected to result in any such letter being revoked. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Neither the Company, any Company
Subsidiary, nor any entity that, together with the Company or any Company Subsidiary, would be treated as a single employer under Section&nbsp;414 of the Code, has, within the last six (6)&nbsp;years maintained, established, participated in or
contributed to, or is or has, within the last six (6)&nbsp;years, been obligated to contribute to, or has otherwise incurred any actual or contingent liability under any plan that is subject to Title IV or ERISA (including any &#8220;multiemployer
plan&#8221; (as defined in Section&nbsp;3(37) of ERISA)) or a &#8220;multiple employer welfare arrangement&#8221; (as defined in Section&nbsp;3(40) of ERISA). Neither the Company nor any Company Subsidiary has any current or projected liability for,
and no Company Benefit Plan provides or promises, any post-employment or post-retirement medical, dental, disability, hospitalization, life or similar benefits (whether insured or self-insured) to any current or former director, officer, employee or
individual independent contractor (other than coverage mandated by applicable Law). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Except as contemplated by the terms of this
Agreement, neither the execution or delivery of this Agreement nor the consummation of the Merger will (either alone or together with any other event)&nbsp;(i) entitle any current or former director, officer, employee or individual independent
contractor of the Company or any Company Subsidiary to any payment or benefit; (ii)&nbsp;increase the amount or value of any benefit or compensation otherwise payable or required to be provided to any such current or former director, officer,
employee or individual independent contractor; (iii)&nbsp;accelerate the time of payment or vesting of any amounts due to any such current or former director, officer, employee or individual independent contractor; or (iv)&nbsp;result in any amounts
payable or benefits provided to any person to fail to be deductible for federal income Tax purposes by virtue of Section&nbsp;280G of the Code. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) No Company Benefit Plan requires any indemnity or gross up or contains any other obligation to reimburse any current or former director,
officer, employee or individual independent contractor of the Company or any Company Subsidiary for any Taxes, including under Section&nbsp;4999 or 409A of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_27"></A>Section&nbsp;3.11 <U>Litigation</U>. As of the date hereof, there is no suit, action or other proceeding pending
or, to the Knowledge of the Company, threatened in writing against the Company or any Company Subsidiary or any of their respective properties or assets that, individually or in the aggregate, has had or would reasonably be expected to have a
Company Material Adverse Effect, nor is there any Judgment outstanding against or, to the Knowledge of the Company, investigation by any Governmental Entity involving the Company or any Company Subsidiary or any of their respective properties or
assets that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_28"></A>Section&nbsp;3.12 <U>Compliance with Applicable Laws; Permits</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Except as would not be reasonably expected to have,
individually or in the aggregate, a Company Material Adverse Effect, the business of the Company and the Company Subsidiaries are being conducted, and since January&nbsp;1, 2022, have been conducted in accordance with all Laws applicable thereto.
Except as would not be reasonably expected to have, individually or in the aggregate, a Company Material Adverse Effect, the Company and the Company Subsidiaries hold, and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-20 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
since January&nbsp;1, 2022, have at all times held all material Permits necessary for the lawful conduct of their respective businesses and been in compliance in all material respects required by
all Laws applicable thereto, and all such Permits are in full force and effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Except as would not be reasonably expected to have,
individually or in the aggregate, a Company Material Adverse Effect, neither the Company nor any Company Subsidiary has received any written notice or, to the Knowledge of the Company, oral notice from a Governmental Entity since January&nbsp;1,
2022, alleging that the Company or any Company Subsidiary has not obtained a material Permit required for carrying on its business lawfully in accordance with applicable Laws, and neither the Company nor any Company Subsidiary has received any
written notice or, to the Knowledge of the Company, oral notice from a Governmental Entity that any such Permit will be revoked or terminated as a result of the execution or performance of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_29"></A>Section&nbsp;3.13 <U>Sanctions and Anti-Corruption</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The Company and each Company Subsidiary currently is, and since January&nbsp;1, 2022 has been, and to the knowledge of the Company, the
Company&#8217;s and each Company Subsidiary&#8217;s officers, directors, employees, and agents (acting in their capacity as such) currently is, and since January&nbsp;1, 2022 has been, in compliance with (i)&nbsp;all economic and financial sanctions
and export restrictions administered, imposed, or enforced by the United States, the United Kingdom, the European Union, Japan, or the United Nations Security Council (&#8220;<U>Sanctions</U>&#8221;), and (ii)&nbsp;all applicable Laws relating to
anti-corruption and anti-bribery, including the U.S. Foreign Corrupt Practices Act of 1977, the U.K. Bribery Act 2010, and any other Law implementing the Organization for Economic Cooperation and Development&#8217;s Convention on Combating Bribery
of Foreign Public Officials in International Business Transactions applicable to the Company (&#8220;<U>Anti-Corruption Laws</U>&#8221;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) As of the date of this Agreement and since January&nbsp;1, 2022, there have been no formal or informal proceedings, allegations,
investigations or inquiries pending, expected or, to the Knowledge of the Company, threatened against the Company, any Company Subsidiary, or any officer or director of the Company or any Company Subsidiary, concerning violations or potential
violations of Sanctions or Anti-Corruption Laws. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) None of the Company, any Company Subsidiary or any director, officer or employee of
the Company is, or is owned or controlled by Persons that are, (i)&nbsp;the subject or target of any Sanctions or (ii)&nbsp;located, organized, or resident in any country or territory that is the subject of Sanctions (currently, Iran, Cuba, North
Korea, Crimea, the <FONT STYLE="white-space:nowrap">so-called</FONT> Luhansk People&#8217;s Republic, <FONT STYLE="white-space:nowrap">so-called</FONT> Donetsk People&#8217;s Republic, and the <FONT STYLE="white-space:nowrap">non-government</FONT>
controlled areas of the Kherson and Zaporizhzhia regions of Ukraine). Since January&nbsp;1, 2022, neither the Company nor any Company Subsidiary has entered into any dealings or transactions that, at the time of the relevant dealing or transactions,
was prohibited under applicable Sanctions Laws. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The Company is not a TID U.S. Business within the meaning of 31 C.F.R. 800.248. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_30"></A>Section&nbsp;3.14 <U>Environmental Matters</U>. Except as would not be reasonably expected to have, individually or
in the aggregate, a Company Material Adverse Effect, (i)&nbsp;the Company and the Company Subsidiaries are and have at all times been in compliance with all Laws governing pollution or the protection of human health or the environment or relating to
exposure to or the generation, handling, storage, use, transportation, disposal, Release or treatment of, or recordkeeping with respect to, Hazardous Substances (&#8220;<U>Environmental Law</U>&#8221;) which compliance includes possession and
maintenance of, and compliance with, all Environmental Permits; (ii)&nbsp;none of the Company or any Company Subsidiary has received any written notice, demand, request for information, citation, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-21 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
summons or complaint, and no Judgment has been issued or is otherwise in effect, in each case, alleging that the Company or any Company Subsidiary is in violation of or has liability under
Environmental Laws, Environmental Permits or, with respect to, Hazardous Substances; (iii)&nbsp;there are no legal or administrative proceedings investigations, actions, claims or suits pending or, to the Knowledge of the Company, threatened,
involving the Company or any Company Subsidiary under Environmental Laws, related to Environmental Permits or with respect to Hazardous Substances; (iv)&nbsp;neither the Company nor any Company Subsidiary or, to the Knowledge of the Company, any
other Person has Released a Hazardous Substance at, on, under, to, in or from (A)&nbsp;any property or facility now or previously owned, leased or operated by, or (B)&nbsp;any property or facility to which any Hazardous Substance has been
transported for disposal, recycling or treatment by or on behalf of, in each case the Company or any Company Subsidiary (or any of their respective predecessors); and (v)&nbsp;neither the Company nor any Company Subsidiary has assumed or retained by
contract any obligation or liability under any Environmental Law or concerning any Hazardous Substances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_31"></A>Section&nbsp;3.15 <U>Contracts</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) As of the date of this Agreement, none of the Company or any Company Subsidiary is a party to any Contract required to be filed by the
Company as a &#8220;material contract&#8221; pursuant to Item 601(b)(10) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> under the Securities Act (a &#8220;<U>Filed Company Contract</U>&#8221;) that has not been so filed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Section 3.15(b</U>) of the Company Disclosure Letter sets forth, as of the date of this Agreement, a true and complete list, and the
Company has made available, or caused to be made available, or certain OEMs have made available, to Parent true and complete copies (including all material amendments, modifications, supplements and restatements), of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) (A) each Contract to which the Company or any of the Company Subsidiaries is a party that restricts in any material
respect the ability of the Company or any Company Subsidiaries to compete with any Person or engage in any line of business or geographic area or otherwise market or sell its services and/or assets and that is material to the Company and the Company
Subsidiaries, taken as a whole, (B)&nbsp;each Contract with a third party containing any &#8220;non-solicitation,&#8221; <FONT STYLE="white-space:nowrap">&#8220;no-hire&#8221;</FONT> or similar provision restricting the Company or any Company
Subsidiaries with respect to any customer or employee, (C)&nbsp;each Contract that provides for &#8220;exclusivity&#8221; or any similar requirement restricting the Company or any Company Subsidiaries and in favor of any third party, and
(D)&nbsp;each material Contract that contains a provision that the Company or any Company Subsidiary grants a &#8220;most favored nation&#8221; or similar best available pricing terms to any third party; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) each Contract pursuant to which any Indebtedness for borrowed money of the Company or any of the Company Subsidiaries in
excess of $10,000,000 is outstanding or may be incurred by its terms, other than any such agreement solely between or among the Company and the wholly owned Company Subsidiaries or between or among wholly owned Company Subsidiaries; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) each Contract to which the Company or any of the Company Subsidiaries is a party that evidences any swap or hedging
transaction or other derivative agreements; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iv) each partnership, joint venture or similar Contract to which the Company
or any of the Company Subsidiaries is a party relating to the formation, creation, operation, management or control of any partnership or joint venture or to the ownership of any equity interest in any entity or business enterprise; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-22 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(v) each Contract between the Company or any Company Subsidiary, on the one
hand, and, on the other hand, any (A)&nbsp;present executive officer or director of either the Company or any of the Company Subsidiaries, (B)&nbsp;based solely on Schedule 13G or Schedule 13D filings available as of the date hereof, any record or
beneficial owner of more than 5% of the shares of Common Stock outstanding as of the date hereof or (C)&nbsp;to the Knowledge of the Company, any Affiliate of any such executive officer, director or owner (other than the Company or any of the
Company Subsidiaries), in each case, other than those Contracts filed as exhibits (including exhibits incorporated by reference) to any Company SEC Documents; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(vi) each Contract relating to the disposition or acquisition by the Company or any of the Company Subsidiaries of any
business or assets (other than the OEM Contracts)&nbsp;(A) for aggregate consideration under such Contract in excess of $15,000,000 that was entered into after January&nbsp;1, 2022 and (B)&nbsp;with material obligations remaining to be performed or
material liabilities continuing after the date of this Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(vii) other than Contracts for ordinary repair and
maintenance, each Contract providing for the development or construction of, or additions or expansions to, any real property, under which the Company or any of the Company Subsidiaries has, or expects to incur, an obligation in excess of $5,000,000
in the aggregate; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(viii) each Contract pursuant to which (A)&nbsp;the Company or any Company Subsidiary grants any right,
license or covenant not to sue with respect to any material Intellectual Property Rights (other than <FONT STYLE="white-space:nowrap">non-exclusive</FONT> licenses granted in the ordinary course of business consistent with past practice and
Contracts pursuant to which a <FONT STYLE="white-space:nowrap">non-exclusive</FONT> license with respect to any Intellectual Property Rights is incidental to such Contract) or (B)&nbsp;the Company or any Company Subsidiary obtains any right, license
or covenant not to sue with respect to any material Intellectual Property Rights (other than <FONT STYLE="white-space:nowrap">non-exclusive</FONT> licenses for commercial
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">off-the-shelf</FONT></FONT> software which are generally available or <FONT STYLE="white-space:nowrap">non-exclusive</FONT> uses of Intellectual Property Rights that are incidental to
OEM Contracts and Contracts for buyer furnished equipment); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ix) each (A)&nbsp;Aircraft Lease for Company Aircraft,
(B)&nbsp;Servicing Agreement and (C)&nbsp;OEM Contract; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(x) each Contract with a Governmental Entity, other than Aircraft
Leases, Aircraft Documents, OEM Contracts, Contracts relating to the sale of any Company Aircraft in existence as of the date hereof, and Permits; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(xi) any Contract (other than a Contract that is a Material Contract pursuant to clauses (i)-(x) above) to which the Company
or any Company Subsidiary is a party that would reasonably be expected to involve aggregate payments by the Company or any Company Subsidiary during calendar year 2025 or any subsequent <FONT STYLE="white-space:nowrap">12-month</FONT> period of at
least $15,000,000 and which is not terminable by the Company or the applicable Company Subsidiary on less than 60 days&#8217; written notice without penalty; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(xii) any executed letter of intent, memorandum of understanding or similar agreement with respect to any of the foregoing
clauses (ii), (vi) or (ix)&nbsp;above; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman"><U>provided</U> that the following Contracts shall not be required to be listed on
<U>Section</U><U></U><U>&nbsp;3.15(</U>b) of the Company Disclosure Letter, shall not be required to made available to Parent pursuant to this <U>Section</U><U></U><U>&nbsp;3.15(b)</U>, and shall not be deemed a &#8220;Material Contract&#8221; for
any purposes hereunder (whether or not a Filed Company Contract): (1) any Company Benefit Plan, (2)&nbsp;any Contract between the Company, on the one hand, and one or more Company Subsidiaries, on the other hand, or between one
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-23 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
or more Company Subsidiaries and (3)&nbsp;any Real Estate Lease, which is the subject of <U>Section</U><U></U><U>&nbsp;3.16</U> (any such Contract in clauses (1)&nbsp;through (3), an
&#8220;<U>Excluded Contract</U>&#8221;). Each Contract described in this <U>Section</U><U></U><U>&nbsp;3.15(b)</U> and each Filed Company Contract, in each case, other than any Excluded Contract, is referred to herein as a &#8220;<U>Material
Contract</U>.&#8221; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Except for (x)&nbsp;Contracts that are Material Contracts solely pursuant to
<U>Section</U><U></U><U>&nbsp;3.15(b)(xii)</U>, (y) Material Contracts that have expired in accordance with their terms, and (z)&nbsp;matters which, individually or in the aggregate, have not had and would not reasonably be expected to have a
Company Material Adverse Effect, (i)&nbsp;each Material Contract is a valid, binding and legally enforceable obligation of the Company or one of the Company Subsidiaries, as the case may be, and, to the Knowledge of the Company, of the other parties
thereto, except, in each case, as enforcement may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar Laws affecting creditors&#8217; rights generally and by general principles of equity, (ii)&nbsp;each
such Material Contract is in full force and effect, and, as of the date hereof, no written notice or, to the Knowledge of the Company, oral notice of termination been given or received by the Company or any Company Subsidiary in respect of any
Material Contract, and (iii)&nbsp;none of the Company or any of the Company Subsidiaries is (with or without notice or lapse of time, or both) in breach or default under any such Material Contract and, to the Knowledge of the Company, no other party
to any such Material Contract is (with or without notice or lapse of time, or both) in breach or default thereunder and there does not exist any fact, circumstance, event, condition or omission that would constitute a default or breach (with or
without notice or lapse of time, or both), or that would give rise to a right in favor of any counterparty to terminate, avoid or accept repudiation of such Material Contract (other than Material Contracts that may be terminated for convenience),
except, in the case of clauses (i)&nbsp;or (ii), with respect to any Material Contract which expires by its terms (as in effect as of the date hereof) or which is terminated in accordance with the terms thereof by the Company in the ordinary course
of business consistent with past practice. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) <U>Section 3.15(d)</U> of the Company Disclosure Letter contains a true and accurate
schedule, as of the date set forth therein, of the total amount of PDPs paid by the Company and its Subsidiaries to the applicable OEMs in respect of each Undelivered Orderbook Aircraft pursuant to the applicable Orderbook Contracts. The Company
shall provide an updated schedule of such information as of the date hereof to Parent within twenty (20)&nbsp;Business Days of the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_32"></A>Section&nbsp;3.16 <U>Properties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) As of the date of this Agreement, the Company and the Company Subsidiaries do not own any real property, other than the Company&#8217;s
corporate offices in Dublin, Ireland. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Section 3.16(b)</U> of the Company Disclosure Letter contains a true and complete list, as
of the date of this Agreement, of all real property that is leased, subleased, <FONT STYLE="white-space:nowrap">sub-subleased,</FONT> or licensed to the Company and the Company Subsidiaries, as applicable, and sets forth a true and complete list of
any and all material leases, subleases, <FONT STYLE="white-space:nowrap">sub-subleases</FONT> and licenses to which the Company or any Company Subsidiary is a party with respect thereto (collectively, the &#8220;<U>Real Estate Leases</U>&#8221;).
True and complete copies of all material Real Estate Leases (including all material modifications, amendments, supplements, waivers and side letters thereto) have been made available to Parent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Each Real Estate Lease (i)&nbsp;is in full force and effect and constitutes the valid and legally binding obligation of the Company or the
applicable Company Subsidiary which is a party thereto, as applicable, enforceable in accordance with its terms, subject to: (A)&nbsp;Laws of general application relating to bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or
similar Laws affecting </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-24 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
creditors&#8217; rights generally; and (B)&nbsp;rules of law governing specific performance, injunctive relief and other equitable remedies; (ii)&nbsp;has not been amended or modified in any
material respect except as reflected in the modifications, amendments, supplements, waivers and side letters thereto made available to Parent; and (iii)&nbsp;except with respect to any Permitted Liens granted under the terms of any of the Real
Estate Leases, has not been assigned in any manner by the Company or any of the applicable Company Subsidiaries, other than, in each case, any matters that, individually or in the aggregate, have not had and would not reasonably be expected to have,
a Company Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Neither the Company nor any of the Company Subsidiaries has received a written notice of default
under any Real Estate Lease during the last 12 months through the date hereof which remains uncured. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_33"></A>Section&nbsp;3.17 <U>Intellectual Property</U><U>; Privacy and Cybersecurity</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Section 3.17(a)</U> of the Company Disclosure Letter sets forth a complete and correct (in all material respects) list, as of the date
hereof, of all registrations and applications for registration for Patents, Trademarks and Copyrights owned by the Company and the Company Subsidiaries (&#8220;<U>Registered Intellectual Property Rights</U>&#8221;). The Company or a Company
Subsidiary is the sole and exclusive owner of all Owned Intellectual Property Rights, in each case free and clear of all Liens other than Permitted Liens, except where the lack of such sole and exclusive ownership, individually or in the aggregate,
has not had and would not reasonably be expected to have a Company Material Adverse Effect. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, none of the Registered Intellectual
Property Rights has been adjudged invalid or unenforceable in whole or in part and, to the Knowledge of the Company, all Registered Intellectual Property Rights are otherwise valid, subsisting and enforceable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company or a
Company Subsidiary owns, is licensed or otherwise has a valid and enforceable right to use any and all Intellectual Property Rights used, or held for use in or otherwise necessary for, the conduct of the business of the Company and the Company
Subsidiaries, taken as a whole, as currently conducted by the Company or any Company Subsidiary; <U>provided</U>, <U>however</U>, that the foregoing representation and warranty shall not constitute a representation or warranty with respect to any
actual or alleged infringement, misappropriation, or other violation of third-party Intellectual Property Rights. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Neither the Company
nor any Company Subsidiary nor the operation of the business of the Company and the Company Subsidiaries has, since January&nbsp;1, 2022, infringed, misappropriated or otherwise violated, and, as of the date hereof, does not infringe, misappropriate
or otherwise violate, any Intellectual Property Rights of any third parties, and, as of the date hereof, there is no claim, investigation, suit, action or other proceeding pending or, to the Knowledge of the Company, threatened that (i)&nbsp;is
challenging or seeking to deny or restrict the rights of the Company or any Company Subsidiary in any of the Owned Intellectual Property Rights (excluding office actions in the ordinary course) or (ii)&nbsp;alleges that the use of Intellectual
Property Rights by, or the operation of the business of, the Company and the Company Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property Rights of any third party that, in each case, individually or in the
aggregate, would reasonably be expected to have a Company Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) To the Knowledge of the Company, the Owned
Intellectual Property Rights have not been, and, as of the date hereof, are not being, infringed, misappropriated or otherwise violated by any Person, except as would not, individually or in the aggregate, reasonably be expected to have a
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-25 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Company Material Adverse Effect, and, as of the date hereof, no such claim, investigation, suit, action or other proceeding is pending or threatened in writing against any Person by the Company
or any Company Subsidiary. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material
Adverse Effect, each of the Company and the Company Subsidiaries have taken commercially reasonable steps to maintain, enforce and protect the confidentiality of all Owned Intellectual Property Rights the value of which to their business is
contingent upon maintaining the confidentiality thereof. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, none of such Owned Intellectual Property Rights has been disclosed
other than to employees, contractors, consultants, representatives and agents of the Company or any Company Subsidiary under written confidentiality agreements (or similar obligations by operation of Law). Except as would not, individually or in the
aggregate, reasonably be expected to have a Company Material Adverse Effect, since January&nbsp;1, 2022, no employee or independent contractor of the Company or any Company Subsidiary who has participated in the development of any Intellectual
Property Rights for or on behalf of the Company or any Company Subsidiary has claimed any ownership interest or other right in any such Intellectual Property Rights. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, none of the
software included in the Owned Intellectual Property Rights that is distributed by, or otherwise used in the business of, the Company or any Company Subsidiaries (i)&nbsp;contains any worm, bomb, backdoor, clock, timer, or other disabling device
code, design or routine which can cause software to be erased, inoperable, or otherwise incapable of being used, either automatically or upon command; (ii)&nbsp;contains any software code that is licensed under any terms or conditions that require
that any software be (A)&nbsp;made available or distributed in source code form; (B)&nbsp;licensed for the purpose of making derivative works; (C)&nbsp;licensed under terms that allow reverse engineering, reverse assembly or disassembly of any kind;
or (D)&nbsp;redistributable at no charge; or (iii)&nbsp;is subject to any agreement with any Person under which the Company or any Company Subsidiaries has deposited, or could be required to deposit, into escrow the source code of such software and
no such source code has been released to any Person, or is entitled to be released to any Person, by any escrow agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) (i) The IT
Systems operate and perform in a manner that permits the conduct of the business of the Company and the Company Subsidiaries as currently conducted and are adequate in all material respects for the purposes for which they are being used or held for
use; (ii)&nbsp;the Company and the Company Subsidiaries have taken actions, consistent with current industry standards, designed to protect the confidentiality, integrity and security of the IT Systems (including information and transactions stored
or contained therein or transmitted thereby) against any breach, unauthorized use, access, interruption, modification or corruption or other compromise (each, a &#8220;<U>Breach</U>&#8221;); and (iii)&nbsp;except as would not, individually or in the
aggregate, reasonably be expected to have a Company Material Adverse Effect, since January&nbsp;1, 2022 through the date hereof, (A)&nbsp;there have not been any Breaches and (B)&nbsp;neither the Company nor any Company Subsidiary has been notified
in writing of any Breach. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h) Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material
Adverse Effect, (i)&nbsp;the Company and the Company Subsidiaries have since January&nbsp;1, 2022 complied, and are currently in compliance with all Privacy Obligations (including with respect to the cross-border transfer of Personal Information);
(ii) since January&nbsp;1, 2022 through the date hereof, there has been no claim, investigation, suit, action or other proceeding pending, and neither the Company nor any Company Subsidiary has received any written notice from any Person, alleging
any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-26 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
(A)&nbsp;violation of Privacy Obligations or such Person&#8217;s privacy, personal or confidentiality rights or (B)&nbsp;Breach; (iii) the Company has used commercially reasonable efforts
designed to ensure that all service providers, data processors and other third parties that process any Personal Information on behalf of the Company or any Company Subsidiary are bound by valid, written and enforceable agreements including any
terms required by applicable Privacy Laws and requiring such third parties to comply with applicable Privacy Laws and to maintain the privacy, security and confidentiality of such Personal Information; and (iv)&nbsp;the Company since January&nbsp;1,
2022 through the date hereof, has not been required under any applicable Privacy Obligation to provide any notice to any Governmental Entity or Person in connection with any Breach. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_34"></A>Section&nbsp;3.18 <U>Labor Matters</U>(a) . </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The Company and the Company Subsidiaries are not party to, subject to or currently negotiating any collective bargaining, works council or
labor-related agreements with a labor organization. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Except as would not reasonably be expected to have, individually or in the
aggregate, a Company Material Adverse Effect, with respect to employees of the Company or any of its Subsidiaries:&nbsp;(i) there are no unfair labor practice charges, labor grievances, labor arbitrations, labor-related strikes, walkouts, or
lockouts pending or, to the Knowledge of the Company, threatened, against the Company or any of its Subsidiaries, and (ii)&nbsp;no labor organization or group of employees of the Company or its Subsidiaries has made a presently pending written
demand for recognition or certification to the Company and there are no representation or certification proceedings or petitions seeking a representation proceeding presently pending or, to the Knowledge of the Company, threatened, to be brought or
filed with the National Labor Relations Board or any other labor relations tribunal or authority. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Except as would not be reasonably
expected to have, individually or in the aggregate, a Company Material Adverse Effect, since January&nbsp;1, 2022, the Company and the Company Subsidiaries have been in compliance with all applicable Laws respecting labor and employment, including
all applicable Laws with respect to fair employment practices, overtime pay, meal and rest breaks, discrimination, sexual harassment, civil rights, affirmative action, equal opportunity, immigration, occupational safety and health, workers
compensation, disability, unemployment compensation, whistleblower laws, wage payment and the payment and withholding of Taxes, collective bargaining, labor relations, terms and conditions of employment, worker classification and wages and hours
(collectively, the &#8220;<U>Employment Laws</U>&#8221;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Except as would not be reasonably expected to have, individually or in the
aggregate, a Company Material Adverse Effect, there are no currently pending, or to the Knowledge of the Company, threatened, suits, actions or other proceedings filed by or with any Governmental Entity against the Company or its Subsidiaries
alleging breach or violation of the Employment Laws. There are no pending or, to the Knowledge of the Company, threatened sexual harassment or discrimination claims against any employees at a level of vice president or above of the Company or its
Subsidiaries. Neither the Company nor any of its Subsidiaries have entered into any settlement agreements relating to allegations of sexual harassment or other discrimination or retaliation by any employees at a level of vice president or above of
the Company or any of its Subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) The Company has provided to Parent, in a &#8220;Clean Room&#8221; folder of the virtual data
room to which Parent has and will continue to restrict access to a limited group of Parent personnel who will keep such information confidential, a complete and accurate list in all material respects, as of the date no earlier than ten days prior to
the date of this Agreement, for each current officer and employee of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-27 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the Company or any of its Subsidiaries, such employee&#8217;s name or employee identification number, employer, title, hire date, location, whether full or part-time, whether active or on leave
(and, if on leave, the nature of the leave and the expected return date), whether exempt from the Fair Labor Standards Act (if applicable), balance of accrued but unused vacation, annual salary or wage rate, and current annual target cash bonus
opportunity. The Company shall provide an updated list pursuant to this <U>Section</U><U></U><U>&nbsp;3.18(e</U>) to Parent no later than five (5)&nbsp;Business Days prior to the Closing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) To the Knowledge of the Company, as of the date hereof, no current employee of the<I> </I>Company, who is at the level of senior vice
president or higher, has provided written notice to the Company of his or her intention to terminate his or her employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_35"></A>Section&nbsp;3.19 <U>Anti-Takeover Provisions</U>(a) . </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Assuming the accuracy of the representation contained in
<U>Section</U><U></U><U>&nbsp;4.09</U>, no &#8220;fair price,&#8221; &#8220;moratorium,&#8221; &#8220;control share acquisition&#8221; or other similar anti-takeover statute or similar statute or regulation applies to the Company with respect to
this Agreement or the Merger. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) The Company is not party to a stockholder rights plan, &#8220;poison pill&#8221; or similar
anti-takeover arrangement, or plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_36"></A>Section&nbsp;3.20 <U>Brokers</U><U>&#8217;</U><U> Fees and Expenses</U>.
No broker, investment banker, financial advisor or other Person, other than J.P. Morgan Securities LLC (the &#8220;<U>Company Financial Advisor</U>&#8221;), the fees and expenses of which will be paid by the Company, is entitled to any
broker&#8217;s, finder&#8217;s, financial advisor&#8217;s or other similar fee or commission in connection with the Merger or any of the other transactions contemplated by this Agreement based upon arrangements made by or on behalf of the Company.
The Company has made available to Parent a true and complete (but partially redacted with respect to provisions that do not relate to the specific level of fees payable by the Company in connection with the transactions contemplated by this
Agreement or any provisions that survive the transactions contemplated by this Agreement) copy (including all amendments, modifications, supplements and restatements) of the Company&#8217;s engagement letter with the Company Financial Advisor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_37"></A>Section&nbsp;3.21 <U>Opinion of Financial Advisor</U>. The Company Board has received the oral opinion of the
Company Financial Advisor, to be subsequently confirmed by delivery of a written opinion to the Company Board, to the effect that, as of the date of such opinion, and based upon and subject to the various assumptions, qualifications and limitations
set forth in the written opinion, the Merger Consideration to be paid to the holders of shares of Common Stock (other than any Dissenting Shares and shares to be canceled or converted into shares of the Surviving Corporation in accordance with
Section&nbsp;2.01(b)) is fair, from a financial point of view, to such holders of the shares of Common Stock. The Company will provide Parent with a copy of the written opinion of the Company Financial Advisor for informational purposes promptly
following receipt thereof by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_38"></A>Section&nbsp;3.22 <U>Insurance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Section </U>3.22 of the Company Disclosure Letter contains a true and complete list, as of the date hereof, of all currently <FONT
STYLE="white-space:nowrap">in-force</FONT> material insurance policies of the Company and the Company Subsidiaries (other than any insurance policy comprising a Company Benefit Plan) (collectively, the &#8220;<U>Insurance Policies</U>&#8221;).
Except as would not, individually or in the aggregate reasonably be expected to have a Company Material Adverse Effect, (A)&nbsp;the Insurance Policies are in full force and effect (subject to expirations pursuant to the terms of the Insurance
Policy) and provide insurance in such amounts and against such risks as the Company has determined to be prudent, taking into account the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-28 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
industries in which the Company and the Company Subsidiaries operate, and, to the Knowledge of the Company, as is sufficient to comply with applicable Law, (B)&nbsp;as of the date hereof, neither
the Company nor any Company Subsidiary has received written notice (including any invoices) that any premiums due and payable under the Insurance Policies have not been paid (unless waived with the consent of the relevant insurer or the payment due
date of such invoice has not passed), (C) to the Knowledge of the Company, neither the Company nor any Company Subsidiary is currently in default under any Insurance Policy, (D)&nbsp;as of the date hereof, neither the Company nor any Company
Subsidiary has received written notice that any insurer under any of the Insurance Policies has disputed the validity thereof on any substantive grounds, (E)&nbsp;as of the date hereof, neither the Company nor any Company Subsidiary has received
written notice of cancellation or termination in respect of any Insurance Policies (except in the ordinary course as required by applicable Law in connection with policy renewals or extensions), other than geographical coverage in relation to
Russia, Ukraine, Belarus and any other country as a result of the conflict in that region, and (F)&nbsp;as of the date hereof, neither the Company nor any Company Subsidiary has received written notice that any insurer under an Insurance Policy has
denied coverage for any claim thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) To the Knowledge of the Company, as of the date hereof, other than the insurance claims
relating to Company Aircraft detained in Russia, as disclosed in the Company SEC Documents, there is no claim pending under any Insurance Policy that the Company reasonably expects to exceed $5,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_39"></A>Section&nbsp;3.23 <U>Relevant Aircraft and Aircraft Leases</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Section 3.23</U><U>(</U><U>a)</U> of the Company Disclosure Letter contains a true and complete list, as of the date hereof, of Company
Aircraft identified by their type and manufacturer serial number. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Section </U><U>3.23(</U><U>b)</U> of the Company Disclosure
Letter contains a true and complete list, as of the date hereof, of Managed Aircraft identified by their type and manufacturer serial number. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) With respect to each Company Aircraft, as of the date hereof, (i)&nbsp;the Company, the relevant Company Subsidiary or the relevant owner
identified as the &#8220;Legal Entity Owner&#8221; on <U>Section</U><U></U><U>&nbsp;3.23(a)</U> of the Company Disclosure Letter is the sole holder of valid legal title to such Company Aircraft, and (ii)&nbsp;the Company or the relevant Company
Subsidiary (including as beneficial interest holder under an Owner Trust or other similar structure) is the sole holder of valid beneficial title to such Company Aircraft, in the case of each of clauses (i)&nbsp;and (ii), free and clear of all
Liens, other than Permitted Liens. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) As of the date hereof, the Company, the Company Subsidiary or the relevant Owner Trust or other
similar structure that is the Aircraft Lessor in respect of each Company Aircraft has not assigned or otherwise granted any Lien in respect of its rights as Aircraft Lessor pursuant to the relevant Aircraft Lease Documents other than pursuant to any
Permitted Liens. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) As of the date hereof, neither the Company nor any Company Subsidiary has Knowledge of any event which has occurred
and is continuing which constitutes or which, with the passing of time, giving of notice, making of any determination or any combination of the foregoing, would constitute a Total Loss of any Company Aircraft. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) As of the date hereof, neither the Company nor any Company Subsidiary has received any written notification or, to the Knowledge of the
Company, oral notification under the Aircraft Lease Documents that any Company Aircraft has been involved in any incident which has caused Major Damage to such Company Aircraft which has not been repaired in all material respects in accordance with
the applicable Aircraft Lease Document. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-29 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) In respect of each Company Aircraft and each Orderbook Aircraft subject to an Aircraft
Lease, to the Knowledge of the Company, (i)&nbsp;the Aircraft Lessor is not in material breach of any of its material obligations under the Aircraft Lease Documents and (ii)&nbsp;no circumstances exist and are continuing which would reasonably be
expected to entitle the relevant Aircraft Lessee to terminate any Aircraft Lease. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h) For any Aircraft Lease in relation to a Company
Aircraft or any Orderbook Aircraft in which the relevant Aircraft Lessor represents, warrants or undertakes to be tax resident in a particular jurisdiction, such Aircraft Lessor, is so resident in such jurisdiction for the purposes of measuring any
tax due and to comply with the requirements of the relevant double tax treaty, in each case to the extent so provided in such Aircraft Lease. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) The Company or the relevant Company Subsidiary holds valid legal and beneficial title to the portion of the ABS <FONT
STYLE="white-space:nowrap">E-Notes</FONT> owned by the Company or the relevant Company Subsidiary free and clear of all Liens, other than Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_40"></A>Section&nbsp;3.24 <U>Vendors and Customers</U>. <U>Section</U><U></U><U>&nbsp;3.24</U> of the Company Disclosure
Letter of the Company Disclosure Letter sets forth a true and complete list of (a)&nbsp;the 10 largest vendors or service providers (other than financial institutions) of the Company and the Company Subsidiaries (based on the dollar value of
expenditures by the Company and the Company Subsidiaries for the fiscal year 2024) (&#8220;<U>Significant Vendors</U>&#8221;) and (b)&nbsp;the 10 largest customers of the Company and the Company Subsidiaries (based on the dollar value of revenues to
the Company from the fiscal year 2024) (&#8220;<U>Significant Customers</U>&#8221;), together with amounts paid by or to such Persons during such period. Since January&nbsp;1, 2025 through the date of this Agreement, none of the Significant Vendors
or Significant Customers has reduced in any material respect or otherwise discontinued, or, to the Knowledge of the Company, threatened in writing to materially reduce or discontinue, supplying goods or services to, or purchasing services from, the
Company or its Subsidiaries, except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Since January&nbsp;1, 2025 through the date of this Agreement, none of the Significant Vendors or
Significant Customers has canceled or otherwise terminated, or, to the Knowledge of the Company, threatened in writing, to cancel or otherwise to terminate, its relationship with the Company or its Subsidiaries, except as would not reasonably be
expected to have, individually or in the aggregate, a Company Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_41"></A>Section&nbsp;3.25
<U>Solvency</U>. As of immediately prior to the Effective Time, but without giving effect to the Merger, the Orderbook Transfer or any repayment or refinancing of debt contemplated in this Agreement or the Debt Commitment Letters in connection with
and contingent upon the Closing, the Company and the Company Subsidiaries, taken as a whole, will be Solvent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_42"></A>Section&nbsp;3.26 <U>No Other Representations or Warranties</U>. Except for the representations and warranties
contained in <U>Article IV</U> or in any certificate delivered by Parent or Merger Sub to the Company (and notwithstanding the delivery or disclosure to the Company or its Representatives of any documentation, projections, estimates, budgets or
other information), the Company acknowledges that (x)&nbsp;none of Parent, the Parent Subsidiaries (including Merger Sub) or any other Person (including for the avoidance of doubt the Equity Investors and their Affiliates) on behalf of Parent makes,
or has made, any representation or warranty, express or implied, relating to itself or its business or otherwise in connection with this Agreement, the Merger or the other transactions contemplated by this Agreement, and the Company is not relying
on any representation, warranty or other information of any Person except for those representations or warranties expressly set forth in this Agreement and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-30 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
(y)&nbsp;no Person has been authorized by Parent, the Parent Subsidiaries (including Merger Sub) or any other Person on behalf of Parent to make any representation or warranty, express or
implied, relating to itself or its business or otherwise in connection with this Agreement and Merger, and if made, such representation or warranty shall not be relied upon by Parent or Merger Sub as having been authorized by such entity. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_43"></A>ARTICLE IV </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_44"></A><U>REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Parent and Merger Sub jointly and severally represent and warrant to the Company that the statements contained in this <U>Article IV</U> are
true and correct. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_45"></A>Section&nbsp;4.01 <U>Organization, Standing and Power</U>. Each of Parent and Merger Sub is
duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is organized (in the case of good standing, to the extent such jurisdiction recognizes such concept) and has all corporate power and authority
required to execute and deliver this Agreement and to consummate the Merger and the other transactions contemplated hereby and to perform each of its obligations hereunder. Each of Parent and Merger Sub is duly qualified or licensed to do business
in each jurisdiction where the nature of its business or the ownership or leasing of its properties make such qualification necessary, other than in such jurisdictions where the failure to be so qualified or licensed, individually or in the
aggregate, has not had and would not reasonably be expected to have a Parent Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_46"></A>Section&nbsp;4.02 <U>Authority; Execution and Delivery; Enforceability</U>. Each of Parent and Merger Sub has all
requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Merger and the other transactions contemplated by this Agreement. The Parent Board has adopted resolutions, by
vote of the directors present at a meeting duly called at which a quorum of directors of Parent was present, (i)&nbsp;approving the execution, delivery and performance of this Agreement; and (ii)&nbsp;determining that entering into this Agreement is
fair to and in the best interests of Parent and its stockholders. As of the date of this Agreement, such resolutions have not been amended or withdrawn. The Merger Sub Board has adopted resolutions (i)&nbsp;approving the execution, delivery and
performance of this Agreement; (ii)&nbsp;determining that the terms of this Agreement are in the best interests of Merger Sub and its sole stockholder; (iii)&nbsp;declaring this Agreement advisable; and (iv)&nbsp;recommending that its sole
stockholder adopt this Agreement and directing that this Agreement be submitted to its as sole stockholder for adoption. As of the date of this Agreement, such resolutions have not been amended or withdrawn. The sole stockholder of Merger Sub will
adopt and approve this Agreement by written consent immediately following the execution and delivery of this Agreement. No other corporate proceedings (including, for the avoidance of doubt, any stockholder approval) on the part of Parent, Merger
Sub or their respective Affiliates are necessary to authorize, adopt or approve, as applicable, this Agreement or to consummate the Merger and the other transactions contemplated by this Agreement (except for the filing of the Merger Certificate
with, and acceptance for record by, the Delaware Secretary of State pursuant to the DGCL). Each of Parent and Merger Sub has duly executed and delivered this Agreement and, assuming the due authorization, execution and delivery by the Company, this
Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms except, in each case, as enforcement may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or
similar Laws affecting creditors&#8217; rights generally and by general principles of equity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-31 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_47"></A>Section&nbsp;4.03 <U>No Conflicts; Consents</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The execution and delivery by each of Parent and Merger Sub of this Agreement does not, and the performance by each of Parent and Merger
Sub of its obligations hereunder and the consummation of the Merger and the other transactions contemplated by this Agreement will not, conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under,
or (solely with respect to clause (ii)) give rise to a right of termination, cancellation or acceleration of any obligation, any obligation to make an offer to purchase or redeem any Indebtedness or shares of capital stock or any loss of a material
benefit under, or result in the creation of any Lien upon any of the properties or assets of Parent, Merger Sub or any of their respective Affiliates or the Equity Investors under, any provision of (i)&nbsp;the governing or organizational documents
of Parent, Merger Sub or any of their respective Affiliates or the Equity Investors; (ii)&nbsp;any Contract to which Parent, Merger Sub or any of their respective Affiliates or the Equity Investors is a party or by which any of their respective
properties or assets is bound; or (iii)&nbsp;subject to the filings and other matters referred to in <U>Section</U><U></U><U>&nbsp;4.03(b)</U>, any Permit, Judgment or Law, in each case, applicable to Parent, Merger Sub or any of their respective
Affiliates or the Equity Investors or their respective properties or assets, other than, in the case of clauses (ii)&nbsp;and (iii) above, any matters that, individually or in the aggregate, have not had and would not reasonably be expected to have
a Parent Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) No Consent of or from, or registration, declaration, notice or filing made to or with any
Governmental Entity, is required to be obtained or made by or with respect to Parent, Merger Sub or any of their respective Affiliates or the Equity Investors in connection with the execution and delivery of this Agreement or its performance of its
obligations hereunder or the consummation of the Merger and the other transactions contemplated by this Agreement, other than (i)&nbsp;(A) compliance with and filings under the HSR Act, (B)&nbsp;approvals and filings under all other Required
Regulatory Approvals and (C)&nbsp;such other Consents, registrations, declarations, notices or filings as are required to be made or obtained under any <FONT STYLE="white-space:nowrap">non-U.S.</FONT> antitrust, competition, trade regulation,
Foreign Investment Laws or similar Laws in order to complete the Merger and the other transactions contemplated by this Agreement; (ii)&nbsp;the filing of the Merger Certificate with, and acceptance for record by, the Delaware Secretary of State
pursuant to the DGCL; (iii)&nbsp;the filing of appropriate documents with the relevant authorities of the other jurisdictions in which Parent and the Company are qualified to do business; and (iv)&nbsp;such other matters that, individually or in the
aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_48"></A>Section&nbsp;4.04 <U>Information Supplied</U>. None of the information supplied or to be supplied by Parent, Merger
Sub or any of their respective Affiliates for inclusion or incorporation by reference in the Proxy Statement will, at the date it is first mailed to the Company&#8217;s stockholders or at the time of the Company Stockholder Meeting, contain any
untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading. No representation is
made by Parent, Merger Sub, the Equity Investors or any of their respective Affiliates with respect to statements made or incorporated by reference therein based on information supplied by the Company or its Affiliates for inclusion or incorporation
by reference therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_49"></A>Section&nbsp;4.05 <U>Compliance with Applicable Laws</U>. Except as would not be
reasonably expected to have, individually or in the aggregate, a Parent Material Adverse Effect, since their respective dates of incorporation the business of Parent and the Parent Subsidiaries and their Affiliates has been conducted in accordance
with all Laws applicable thereto. Except as would not be reasonably expected to have, individually or in the aggregate, a Parent Material Adverse Effect, since their respective dates of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-32 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
incorporation to the Knowledge of Parent, the business of Parent and the Parent Subsidiaries has at all times maintained and been in compliance with all material Permits required by all Laws
applicable thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_50"></A>Section&nbsp;4.06 <U>Litigation</U>. There is no suit, action or other proceeding pending
or, to the Knowledge of Parent, threatened against Parent, Merger Sub or any of their respective Affiliates or the Equity Investors that, individually or in the aggregate, has had or would reasonably be expected to have a Parent Material Adverse
Effect, nor is there any Judgment outstanding against or, to the Knowledge of Parent, investigation by any Governmental Entity involving Parent, Merger Sub or any of their respective Affiliates or the Equity Investors that, individually or in the
aggregate, has had or would reasonably be expected to have a Parent Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_51"></A>Section&nbsp;4.07
<U>Brokers</U><U>&#8217;</U><U> Fees and Expenses</U>. No broker, investment banker, financial advisor or other Person, other than Citigroup Global Markets Inc. and Goldman Sachs Group, Inc., the fees and expenses of which will be paid by Parent, is
entitled to any broker&#8217;s, finder&#8217;s, financial advisor&#8217;s or other similar fee or commission in connection with the Merger or any of the other transactions contemplated by this Agreement based upon arrangements made by or on behalf
of Parent or Merger Sub. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_52"></A>Section&nbsp;4.08 <U>Merger Sub</U>. Takeoff Bidco Inc., a Delaware corporation and
direct wholly owned subsidiary of Parent (&#8220;<U>Bidco</U>&#8221;), is the sole stockholder of Merger Sub and upon the Effective Time will own all of the outstanding shares of common stock of the Surviving Corporation. Since its date of
incorporation, Merger Sub has not carried on any business nor conducted any operations other than the execution of this Agreement, the performance of its obligations hereunder and matters ancillary thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_53"></A>Section&nbsp;4.09 <U>Ownership of Common Stock</U>. None of Parent, Merger Sub or, to the Knowledge of Parent or
Merger Sub, any of their respective Affiliates or the Equity Investors owns, or will prior to the Closing Date own, any shares of capital stock of the Company or has any rights to acquire any shares of capital stock of the Company (except pursuant
to this Agreement). Other than the Voting Agreements, there are no voting trusts or other agreements, arrangements or understandings to which Parent, any Affiliate of Parent or any of the Parent Subsidiaries, or any Equity Investor is a party with
respect to the voting of Capital Stock or other equity interests of the Company or any of the Company Subsidiaries, nor are there any agreements, arrangements or understandings to which Parent, any Affiliate of Parent or any of the Parent
Subsidiaries, or any Equity Investor is a party with respect to the acquisition, divestiture, retention, purchase, sale or tendering of the Capital Stock or other equity interest of the Company or any of the Company Subsidiaries, other than
agreements, arrangements or understandings among the Equity Investors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_54"></A>Section&nbsp;4.10 <U>Financing;
Availability of Funds</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Parent has, as of the date of this Agreement, delivered to the Company (i)&nbsp;a true, correct and
complete fully executed copy of each Equity Commitment Letter by and between Parent and each Equity Investor, including all exhibits, schedules, annexes and amendments to such letter, in effect as of the date of this Agreement, pursuant to which,
subject to the terms and conditions thereof, each Equity Investor has agreed to invest in Parent the cash amounts set forth therein for the purposes set forth in such Equity Commitment Letter (the &#8220;<U>Equity Financing</U>&#8221;), and
(ii)&nbsp;a true, correct and complete fully executed copy of each Debt Commitment Letter, by and between the Debt Financing Sources party thereto and Parent, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-33 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
together with true, correct and complete copies of all fee letters related to such Debt Commitment Letter (each as amended, modified, supplemented, replaced, restated, substituted or waived in
accordance with the provisions of this Agreement, the &#8220;<U>Debt Fee Letter</U>&#8221;) (except that, solely with respect to any such Debt Fee Letter, the fee amounts, pricing caps and other customary economic terms set forth therein (none of
which, individually or in the aggregate, affect the amount, availability, conditionality, enforceability or termination provisions of the Debt Financing) may be redacted in a customary manner), pursuant to which, and subject to the terms and
conditions therein, the Debt Financing Sources party thereto have committed to lend the amounts set forth therein to Parent for the purpose of funding the transactions contemplated by this Agreement (the &#8220;<U>Debt Financing</U>&#8221; and
together with the Equity Financing, the &#8220;<U>Financing</U>&#8221;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) As of the date of this Agreement, each Commitment Letter is
in full force and effect, has not been withdrawn, terminated, rescinded, reduced, repudiated, amended, restated, replaced, supplemented or otherwise modified or waived in any respect (and no such withdrawal, termination, rescission, reduction,
repudiation, amendment, restatement, replacement, supplement, modification or waiver is contemplated, except in connection with customary syndication activities with respect to the Debt Financing), and is a legal, valid, binding and enforceable
obligation of Parent and, to the Knowledge of Parent, each of the other parties thereto. Each Equity Commitment Letter provides, and will continue to provide, that the Company is an express third-party beneficiary of, and entitled to enforce, such
Equity Commitment Letter, pursuant to, and in accordance with, the terms and conditions set forth therein. None of Parent or any Equity Investor will oppose the granting of an injunction, specific performance or other equitable relief on the basis
that there is adequate remedy at law in connection with the exercise of such third-party beneficiary rights. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) As of the date of this
Agreement, there are no side letters or other agreements or arrangements (written or oral) relating to the Commitment&nbsp;Letters&nbsp;or the Financing to which Parent or Merger Sub is a party, that could reasonably be expected to adversely affect
the amount, availability, conditionality, enforceability or termination provisions of the Financing.&nbsp;As of the date of this Agreement, Parent has not, and to the Knowledge of Parent, neither has any other party to any Commitment Letter,
committed any material breach of the performance, observance or fulfillment of any covenants, conditions or other obligations set forth in, or is in default under, any Commitment Letter, and no event has occurred or circumstance exists which, with
or without notice, lapse of time or both, would or would reasonably be expected to (i)&nbsp;constitute a material default or breach on the part of Parent, or, to the Knowledge of Parent, any other party thereto, under any term or condition of
any&nbsp;Commitment&nbsp;Letter,&nbsp;(ii)&nbsp;constitute or result in an inability to satisfy a condition precedent or other contingency to receipt of funding set forth in any&nbsp;Commitment&nbsp;Letter, (iii)&nbsp;make any of the assumptions or
any of the statements or representations set forth in any Commitment Letter inaccurate in any material respect&nbsp;or (iv)&nbsp;otherwise result in all or any portion of the Financing being unavailable at the Closing. As of the date of this
Agreement, Parent has no reason to believe (both before and after giving effect to any flex provisions contained in the Debt Fee Letter) that Parent, Merger Sub or any other party to the Commitment Letters will be unable to satisfy on a timely basis
(and in any event, not later than the Closing) any and all of the conditions precedent set forth in the Commitment Letters required to be satisfied by Parent, Merger Sub or any other party thereto, as applicable, or that the Required Amount will not
be made available on the Closing Date. Except as expressly set forth in the Commitment Letters, there are no conditions precedent or other contingencies related to the funding of the full amount of the Financing on the Closing Date. Parent has fully
paid any and all commitment and other fees in connection with the Commitment Letters that are due as of the date of this Agreement and will pay in full any such amounts due on or before the Closing Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-34 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The Equity Financing, together with the Debt Financing (after giving effect of the
maximum amount of &#8220;flex&#8221; (including any original issue discount flex) provided for with respect to the Debt Financing), is and will be sufficient to enable Parent to perform its payment obligations under this Agreement and to consummate
the transactions contemplated hereby (including any repayment or refinancing of Indebtedness contemplated by this Agreement). At the Effective Time, Parent and Merger Sub will have sufficient cash on hand to consummate the Merger on the terms
contemplated by this Agreement, and to make all payments contemplated by this Agreement, including payment of the Aggregate Merger Consideration, repayment or refinancing of any Indebtedness required as a result of the Merger, and all fees and
expenses in connection with the Merger and the other transactions contemplated hereby (the &#8220;<U>Required Amount</U>&#8221;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e)
Parent and Merger Sub acknowledge and agree that, notwithstanding anything to the contrary in this Agreement, it is not a condition to any of Parent&#8217;s or Merger Sub&#8217;s obligations hereunder, including to consummate the transactions
contemplated hereby, that Parent and Merger Sub obtain any financing or refinancing (including the Financing) on the terms set forth in the Commitment Letters or otherwise, or that the Company hold a specific amount of cash balances at Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_55"></A>Section&nbsp;4.11 <U>Solvency of the Surviving Corporation Following the Merger</U>. As of the Effective Time,
assuming the accuracy, in all material respects, of the representations and warranties of the Company in this Agreement and material compliance by the Company with the covenants contained in this Agreement, immediately after giving effect to the
transactions contemplated by this Agreement, including the payment of the Aggregate Merger Consideration, repayment or refinancing of any Indebtedness in connection with the transactions contemplated by this Agreement, if any, and payment of all
related fees and expenses, the Surviving Corporation and its Subsidiaries, on a consolidated basis, will be Solvent. For the purposes of this <U>Section</U><U></U><U>&nbsp;4.11</U>, the term &#8220;<U>Solvent</U>,&#8221; when used with respect to
any Person, means that, as of any date of determination, (a)&nbsp;the amount of the &#8220;fair saleable value&#8221; (determined on a going concern basis) of the assets of such Person will, as of such date, exceed the value of all
&#8220;liabilities of such Person, including contingent and other liabilities,&#8221; as of such date, as such quoted terms are generally determined in accordance with applicable Laws governing determinations of the insolvency of debtors;
(b)&nbsp;such Person will not have, as of such date, an unreasonably small amount of capital for the operation of the businesses in which it is engaged or proposed to be engaged following such date; and (c)&nbsp;such Person will be able to pay its
liabilities, including contingent and other liabilities, as they mature. For purposes of this definition, &#8220;not have an unreasonably small amount of capital for the operation of the businesses in which it is engaged or proposed to be
engaged&#8221; and &#8220;able to pay its liabilities, including contingent and other liabilities, as they mature&#8221; means that such Person will be able to generate enough cash from operations, asset dispositions or lines of credit, or a
combination thereof, to meet its obligations as they become due. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_56"></A>Section&nbsp;4.12 <U>No Other Representations
or Warranties</U>. Except for the representations and warranties contained in <U>Article III</U> or in any certificate delivered by the Company to Parent and Merger Sub (and notwithstanding the delivery or disclosure to Parent or its Representatives
of any documentation, projections, estimates, budgets or other information), each of Parent and Merger Sub acknowledges that (x)&nbsp;none of the Company, the Company Subsidiaries or any other Person on behalf of the Company makes, or has made, any
representation or warranty, express or implied, relating to itself or its business or otherwise in connection with this Agreement, the Merger or the other transactions contemplated by this Agreement and Parent and Merger Sub are not relying on any
representation, warranty or other information of any Person except for those representations or warranties expressly set forth in this Agreement, (y)&nbsp;no Person has been authorized by the Company, the Company Subsidiaries or any other Person on
behalf of the Company to make any representation or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-35 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
warranty, express or implied, relating to itself or its business or otherwise in connection with this Agreement and Merger, and if made, such representation or warranty shall not be relied upon
by Parent or Merger Sub as having been authorized by such entity and (z)&nbsp;any estimate, projection, prediction, data, financial information, memorandum, presentation or any other materials or information provided or addressed to Parent, Merger
Sub or any of their Representatives, including any materials or information made available to Parent and/or its Representatives in connection with presentations by the Company&#8217;s management, or information made available on any &#8220;data
sites&#8221; are not and shall not be deemed to be or include representations or warranties. Without limiting the generality of the foregoing, except for the representations and warranties contained in <U>Article&nbsp;III</U> or in any certificate
delivered by the Company to Parent and Merger Sub, each of Parent and Merger Sub hereby acknowledges and agrees that none of the Company, the Company Subsidiaries or any other Person on behalf of the Company makes, or has made, any representation or
warranty with respect to any projections, forecasts or other estimates, plans or budgets of future revenues, expenses or expenditures, future results of operations (or any component thereof), future cash flows (or any component thereof) or future
financial condition (or any component thereof) of the Company, the Company Subsidiaries or their future business, operations or affairs. Each of Parent and Merger Sub acknowledges that it has conducted, to its satisfaction, its own independent
investigation of the condition, operations and business of the Company and, in making its determination to proceed with the transactions contemplated by this Agreement, including the Merger, each of Parent and Merger Sub has relied solely on the
results of its own independent investigation and the terms of this Agreement and has not relied directly or indirectly on any materials or information made available to Parent and/or its Representatives by or on behalf of the Company, except for the
representations and warranties contained in <U>Article</U><U></U><U>&nbsp;III</U> and in any certificate delivered by the Company to Parent and Merger Sub. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_57"></A>ARTICLE V </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_58"></A>COVENANTS RELATING TO CONDUCT OF BUSINESS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_59"></A>Section&nbsp;5.01 <U>Conduct of Business by the Company</U>. Except (i)&nbsp;as expressly set forth in the Company
Disclosure Letter; (ii)&nbsp;as expressly permitted, contemplated or required by this Agreement; (iii)&nbsp;as required by applicable Law; or (iv)&nbsp;with the prior written consent of Parent (which shall not be unreasonably withheld, conditioned
or delayed), from the date of this Agreement to the Effective Time, the Company shall, and shall cause each Company Subsidiary to, use commercially reasonable efforts to (x)&nbsp;conduct the business of the Company and each Company Subsidiary in the
ordinary course of business consistent with past practice in all material respects and (y)&nbsp;preserve the Company&#8217;s and each Company Subsidiary&#8217;s current business, assets and relationships with key employees, customers and suppliers.
In addition, and without limiting the generality of the foregoing, except (i)&nbsp;as expressly set forth in the Company Disclosure Letter; (ii)&nbsp;as expressly permitted, contemplated or required by this Agreement; (iii)&nbsp;as required by
applicable Law; or (iv)&nbsp;with the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed) from the date of this Agreement to the Effective Time, the Company shall not, and shall not permit any Company
Subsidiary to, do any of the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) (i) other than with respect to regular quarterly dividends of up to $0.22 per share of Common
Stock, $11.625 per share of Series B Preferred Stock, $10.3125 per share of Series C Preferred Stock, and $15.00 per share of Series D Preferred Stock (which amounts in respect of the Series B Preferred Stock, Series C Preferred Stock and Series D
Preferred Stock may be adjusted in accordance with the dividend reset provisions contained in the Certificates of Designation related </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-36 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
thereto), declare, set aside or pay any dividends on, or make any other distributions (whether in cash, shares or property or any combination thereof) in respect of, any of its shares of capital
stock, other equity interests or voting securities, other than dividends and distributions by a direct or indirect wholly owned Company Subsidiary to its parent; (ii)&nbsp;split, combine, subdivide or reclassify any of its shares of capital stock,
other equity interests or voting securities or securities convertible into or exchangeable or exercisable for shares of capital stock or other equity interests or voting securities, or issue or authorize the issuance of any other securities in
respect of, in lieu of or in substitution for its shares of capital stock, other equity interests or voting securities, other than as permitted by <U>Section</U><U></U><U>&nbsp;5.01(b)</U>; or (iii)&nbsp;repurchase, redeem or otherwise acquire, or
offer to repurchase, redeem or otherwise acquire, any shares of capital stock or voting securities of, or equity interests in, the Company or any Company Subsidiary or any securities of the Company or any Company Subsidiary convertible into or
exchangeable or exercisable for shares of capital stock or voting securities of, or equity interests in, the Company or any Company Subsidiary, or any warrants, calls, options or other rights (contingent or otherwise) to acquire any such shares of
capital stock, securities or interests, except for acquisitions, or deemed acquisitions, of shares of Common Stock or other equity securities of the Company in connection with (A)&nbsp;vesting or settlement of Company RSUs and Company PSUs and
(B)&nbsp;forfeitures of Company RSUs and Company PSUs; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) except for transactions between or among the Company and one or more wholly
owned Company Subsidiaries or between or among one or more wholly owned Company Subsidiaries, create, allot, issue, deliver, sell, grant, pledge or otherwise encumber or subject to any Lien (other than Liens imposed by applicable securities
Laws)&nbsp;(i) any shares of capital stock of the Company or any Company Subsidiary other than the issuance of shares of Common Stock upon the vesting or settlement of Company RSUs or Company PSUs that are outstanding as of the date of this
Agreement or issued in accordance with this Agreement or the terms of the award agreements for such outstanding Company RSUs or Company PSUs, in each case in accordance with the terms thereof; (ii)&nbsp;any other equity interests or voting
securities of the Company or any Company Subsidiary; (iii)&nbsp;any securities convertible into or exchangeable or exercisable for shares of capital stock or voting securities of, or other equity interests in, the Company or any Company Subsidiary;
(iv)&nbsp;any warrants, calls, options or other rights (contingent or otherwise) to acquire any shares of capital stock or voting securities of, or other equity interests in, the Company or any Company Subsidiary; (v)&nbsp;any rights issued by the
Company or any Company Subsidiary that are linked in any way to the price of any class of Capital Stock or any shares of capital stock of any Company Subsidiary, the value of the Company, any Company Subsidiary or any part of the Company or any
Company Subsidiary; or (vi)&nbsp;any Company Voting Debt; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) (i) amend the Organizational Documents of the Company; or (ii)&nbsp;amend
in any material respect the Organizational Documents of any Company Subsidiary, except, in the case of each of the foregoing clauses (i)&nbsp;and (ii), as may be required by Law or the rules and regulations of the SEC or the NYSE or in connection
with liquidations or dissolutions of dormant or inactive Company Subsidiaries and Owner Trusts; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) make or adopt any change in its
accounting methods, principles or practices as in effect on the date hereof, except insofar as may be required by a change in GAAP or Law (or authoritative interpretations thereof); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) directly or indirectly acquire or agree to acquire in any transaction (by merger, consolidation, acquisition of stock or assets or
otherwise) any material equity interest in or material business of any Person or material division thereof or any material properties or assets, except (i)&nbsp;acquisitions contemplated by the Orderbook (as well as engines and buyer furnished
equipment </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-37 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
related thereto), (ii) acquisitions required under the terms of the Aircraft Leases and Servicing Agreements, (iii)&nbsp;acquisitions with respect to transactions between the Company, on the one
hand, and any wholly owned Company Subsidiary, on the other hand, or between wholly owned Company Subsidiaries, (iv)&nbsp;acquisitions contemplated by any letter of intent, memorandum of understanding or similar agreement set forth in
<U>Section</U><U></U><U>&nbsp;3.15(b)(xii)</U> of the Company Disclosure Letter, or (v)&nbsp;acquisitions not covered in clauses (i)-(iv) of this clause (e)&nbsp;in the ordinary course of business consistent with past practice up to the amounts set
forth in <U>Section</U><U></U><U>&nbsp;5.01(e)</U> of the Company Disclosure Letter; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) except for Contracts entered into in the
ordinary course of business relating to the Managed Aircraft, enter into any partnership, joint venture or similar Contract to which the Company or any Company Subsidiary is a party relating to the formation, creation, operation, management or
control of any partnership or joint venture; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) except in the ordinary course of business consistent with past practice, (A)&nbsp;enter
into any Contract that would, if entered into prior to the date of this Agreement, be a Material Contract, (B)&nbsp;modify, amend or terminate any Material Contract or Contract that would, if entered into prior to the date of this Agreement, be a
Material Contract, (C)&nbsp;waive, release, terminate, amend, renew or assign any material rights or claims of the Company or any of its Subsidiaries under any Material Contract or any Contract that would, if entered into prior to the date of this
Agreement, be a Material Contract, <U>provided</U> that, for purposes of this clause (g), (i) it shall not be considered ordinary course of business consistent with past practice to enter into new OEM Contracts for the acquisition of Aircraft not
permitted under <U>Section</U><U></U><U>&nbsp;5.01(e)</U> and (ii)&nbsp;any new or amended Aircraft Leases, Servicing Agreements and OEM Contracts that are permitted to be entered into pursuant to this clause (g)&nbsp;after the date hereof shall be
either (x)&nbsp;on terms that the Company believes to be commercially reasonable, subject to <U>Section</U><U></U><U>&nbsp;5.01(g)</U> of the Company Disclosure Letter, or (y)&nbsp;on substantially the same terms of the applicable letter of intent,
memorandum of understanding or similar agreement set forth in <U>Section</U><U></U><U>&nbsp;3.15(b)(xii)</U> of the Company Disclosure Letter; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h) except in relation to Liens to secure Indebtedness for borrowed money that is outstanding as of the date hereof, or otherwise permitted to
be incurred under this <U>Section</U><U></U><U>&nbsp;5.01</U>, sell, lease (as lessor), license, mortgage, sell and leaseback or otherwise subject to any Lien (other than Permitted Liens), or otherwise dispose of any material properties or assets or
any material interests therein other than (i)&nbsp;dispositions of Aircraft in amounts not to exceed the amounts and in accordance with the terms and conditions set forth in <U>Section</U><U></U><U>&nbsp;5.01(h)</U> of the Company Disclosure Letter
(excluding any of the transactions referenced in clause (ii)-(iv) of this clause (h)), (ii) with respect to transactions between the Company, on the one hand, and any wholly owned Company Subsidiary, on the other hand, or between wholly owned
Company Subsidiaries, (iii)&nbsp;dispositions contemplated by any letter of intent, memorandum of understanding or similar agreement set forth in <U>Section</U><U></U><U>&nbsp;3.15(b)(xii)</U> of the Company Disclosure Letter, or (iv)&nbsp;in the
ordinary course of business consistent with past practice with respect to properties or assets that are not Aircraft; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) incur any
additional Indebtedness or commitments therefor, except for (A)&nbsp;Indebtedness under the Company&#8217;s existing revolving credit facilities or commercial paper issuances (1)&nbsp;in replacement of existing Indebtedness, up to an amount equal to
the aggregate principal amount of the Indebtedness being replaced plus the aggregate amount of any unpaid interest related thereto and the amount of any premiums, fees or expenses incurred in connection therewith, or (2)&nbsp;otherwise in the
ordinary course of business, (B)&nbsp;Indebtedness between the Company, on the one hand, and any wholly owned Company Subsidiary, on the other hand, or between wholly owned Company Subsidiaries, (C)&nbsp;hedging transactions in the ordinary course
of business consistent with past practice, and (D)&nbsp;the following additional Indebtedness, in each case subject to compliance with <U>Section</U><U></U><U>&nbsp;6.1</U><U>2</U>: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-38 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) if the Closing has not occurred prior to May&nbsp;1, 2026 (the
&#8220;<B>First Trigger Date</B>&#8221;), then, during the <FONT STYLE="white-space:nowrap">3-month</FONT> period commencing on the First Trigger Date, additional Indebtedness in the form of secured or unsecured, investment grade bank term loans in
an aggregate principal amount (including committed but undrawn amounts thereunder) not to exceed $2.0&nbsp;billion (subject to any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> reduction of such
amount as set forth in the proviso below) (a &#8220;<B>Permitted Company Term Loan Financing</B>&#8221;); <I>provided</I> that such Permitted Company Term Loan Financing shall (1)&nbsp;have a maturity date (including any permitted extensions
thereunder) no later than the date that is five (5)&nbsp;years after the initial incurrence date thereof, (2)&nbsp;permit the prepayment of the indebtedness thereunder at par, without penalty or premium (other than customary &#8220;term SOFR&#8221;
breakage in the case of a prepayment other than on the last day of a term SOFR interest period) and (3)&nbsp;have such other terms and conditions that are not materially more restrictive on the Company and the Company Subsidiaries, taken as a whole,
than the terms and conditions of the Company&#8217;s principal Existing Credit Agreement (as in effect on the date hereof) or that are otherwise reasonably acceptable to the Parent in its Permitted Discretion; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) if the Closing has not occurred prior to the date that is the later of (x)&nbsp;July&nbsp;1, 2026 and (y)&nbsp;the date
that is 100 days after the date on which the Company Stockholder Approval is obtained (such later date, the &#8220;<B>Second Trigger Date</B>&#8221;), then, commencing on the Second Trigger Date, additional Indebtedness in an aggregate principal
amount (including committed but undrawn amounts thereunder) issued or otherwise incurred from and after the Second Trigger Date not to exceed the sum of (I) $2.0&nbsp;billion, plus (II)&nbsp;from and after the end of each three-month period after
the Second Trigger Date, an additional $2.0&nbsp;billion (in each case, subject to any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> reduction of such amount as set forth in the proviso below);
<I>provided</I> that such additional Indebtedness shall be in the form of (A)&nbsp;a Permitted Company Term Loan Financing and/or (B)&nbsp;any unsecured investment grade debt securities (&#8220;<B>Permitted Company Bond Financing</B>&#8221;);
<I>provided</I>, <I>further</I>, that such Permitted Company Bond Financing shall (1)&nbsp;have a maturity date (including any permitted extensions thereunder) no later than the date that is five (5)&nbsp;years after the initial incurrence date
thereof, (2)&nbsp;not be required to be (and shall not have terms requiring such debt to be offered to be) repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of the Closing, and/or upon any
other event or events or at the option of any holder thereof (except, in each case, upon the occurrence of a customary &#8220;event of default&#8221; thereunder or as a result of a change of control (other than resulting from the Merger) in a manner
substantially consistent with the Existing Senior Notes), (3) include disclosure in any marketing, offering or disclosure document for such Permitted Company Bond financing with respect to the Merger and the other transactions contemplated by this
Agreement and the Company following consummation of such transactions that is (i)&nbsp;materially consistent with any disclosure in the Debt Financing and/or Takeout Financing and (ii)&nbsp;that has been reviewed and is reasonably acceptable to
Parent and (4)&nbsp;have such other terms and conditions that are not more restrictive (other than in any immaterial respect) on the Company and the Company Subsidiaries than the terms and conditions of any of the Company&#8217;s senior notes
outstanding on the date hereof (the &#8220;<B>Existing</B> <B>Senior Notes</B>&#8221;) and that are otherwise reasonably acceptable to the Parent in its Permitted Discretion (any such Permitted Company Bond Financing, together with any Permitted
Company Term Loan Financing permitted under this Section&nbsp;5.01(i)(D)(ii) and/or Section&nbsp;5.01(i)(D)(i), each, a &#8220;<B>Permitted Company Interim Financing</B>&#8221;); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman"><I>provided</I>, <I>however</I>, that, notwithstanding anything herein to the contrary, as of any date of determination, the aggregate
principal amount of any Permitted Company Interim Financing permitted to be incurred as set forth above as of such date shall be reduced, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar,</FONT></FONT> by the
aggregate principal amount of all Qualified Bonds that have been issued as of such date (with such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-39 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
amounts reducing the aggregate amount of Permitted Company Bond Financing permitted hereunder before reducing the amount of any Permitted Company Term Loan Financing permitted hereunder); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(j) (A) settle or compromise any material litigation, or release, dismiss or otherwise dispose of any claim, liability, obligation or
arbitration, other than (i)&nbsp;litigation contemplated by <U>Section</U><U></U><U>&nbsp;6.05</U>, which shall be governed by that section, (ii)&nbsp;settlements or compromises of litigation or releases, dismissals or dispositions of claims,
liabilities, obligations or arbitration in the ordinary course of business consistent with past practice that involve the payment of monetary damages (excluding monetary damages to the extent that they are covered by the Company&#8217;s Insurance
Policies) or the waiver of claims in an amount not in excess of the amounts set forth on <U>Section</U><U></U><U>&nbsp;5.01(h)</U> of the Company Disclosure Letter, or (iii)&nbsp;settlements or compromises of litigation or releases, dismissals or
dispositions of claims, liabilities, obligations or arbitration not in the ordinary course of business consistent with past practice that involve the payment of monetary damages (excluding monetary damages to the extent that they are covered by the
Company&#8217;s Insurance Policies) or the waiver of claims in an amount not in excess of the amounts set forth in <U>Section</U><U></U><U>&nbsp;5.01(h)</U> of the Company Disclosure Letter,<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>and,
in each case of clause (ii)&nbsp;and (iii), do not impose material restrictions on the business or operations of the Company and the Company Subsidiaries, taken as whole, and except for claims and litigation with respect to which an insurer (but
neither the Company nor any Company Subsidiary) has the right to control the decision to settle; or (B)&nbsp;commence litigation, without first consulting with Parent, against any customer or supplier that would reasonably be expected to materially
damage such customer&#8217;s or supplier&#8217;s relationship the Company; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(k) abandon or permit to lapse, assign, sell, lease, license,
sublicense, modify, terminate, transfer or dispose of, create or incur any Lien (other than a Permitted Lien) on, or otherwise fail to take any action necessary to maintain, enforce or protect any material Owned Intellectual Property Rights, other
than <FONT STYLE="white-space:nowrap">non-exclusive</FONT> licenses granted to customers in the ordinary course of business consistent with past practice; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(l) fail to use commercially reasonable efforts to (A)&nbsp;prevent the lapse of any Insurance Policy or (B)&nbsp;take any action that would
make any Insurance Policy void or voidable or reduce the limits of insurance coverage provided thereunder, in the case of both (A)&nbsp;and (B), other than immaterial changes, operational changes or changes required by applicable Law and policy
expirations and reductions of limits in the ordinary course of business and other than changes in policies or limits of insurance coverage resulting from the transactions contemplated hereby; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(m) except (A)&nbsp;as required by applicable Law, or (B)&nbsp;as required by the terms of any Company Benefit Plan, (i)&nbsp;increase or
grant any increase in the compensation or benefits payable to any current or former director, officer, employee or individual independent contractor of the Company or any Company Subsidiary, other than increases in base wages or salary in the
ordinary course of business consistent with past practice not to exceed 7% of the aggregate base wages or salary for employees at or below the level of senior vice president as in effect as of the date hereof; <U>provided</U> further that not more
than ten (10)&nbsp;employees below the level of vice president shall be promoted; (ii)&nbsp;accelerate or commit to accelerate the funding, payment or vesting of any compensation or benefits payable to any current or former director, officer,
employee or individual independent contractor of the Company or any Company Subsidiary; (iii)&nbsp;amend any Company Benefit Plan or adopt or enter into any plan, agreement or arrangement that would be a Company Benefit Plan if in effect on the date
hereof; (iv)&nbsp;grant or provide any severance or termination payments or benefits to any current or former officers, directors, employees or individual independent contractors; (v)&nbsp;grant any equity or equity-based awards to, or
discretionarily accelerate the vesting or payment of any such awards held by, any current or former director, officer, employee or individual independent contractor; (vi)&nbsp;hire or terminate any employee who is a senior vice
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-40 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
president or above, except for terminations for &#8220;cause&#8221;, or promote any employee who, as a result of such promotion, would be a senior vice president or above; or (vii)&nbsp;enter
into any collective bargaining agreement or recognize or certify any labor union, works council or other labor organization as the bargaining representative for any employees of the Company or its Subsidiaries; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(n) make or authorize capital expenditures except (i)&nbsp;as required by the terms of the Contracts in existence on the date hereof or
entered into or amended after the date hereof in accordance with the clause (g)&nbsp;above, (ii) in connection with the maintenance, repairs, or overhaul of Aircraft or engines that the Company reasonably determines are necessary to preserve the
value of such Aircraft or engines, <FONT STYLE="white-space:nowrap">(iii)&nbsp;pre-delivery</FONT> payments to Aircraft OEMs in the ordinary course of business pursuant to OEM Contracts, (iv)&nbsp;in connection with acquisitions permitted under
<U>Section</U><U></U><U>&nbsp;5.01(e)</U> or <U>Section</U><U></U><U>&nbsp;5.01(f)</U>, or (v)&nbsp;in an amount not in excess of the amount set forth in <U>Section</U><U></U><U>&nbsp;5.01(n)</U> of the Company Disclosure Letter; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(o) except in the ordinary course of business consistent with past practice and except as contemplated by Contracts in effect on the date
hereof or entered into after the date hereof in accordance with the terms hereof, (i)&nbsp;accelerate any material payments under any leases relating to leased Company Aircraft or (ii)&nbsp;fail to continue any aircraft maintenance programs with
respect to <FONT STYLE="white-space:nowrap">off-lease</FONT> Company Aircraft; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(p) adopt or implement any&nbsp;stockholder
rights&nbsp;plan or similar arrangement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(q) adopt any plan of complete or partial liquidation or dissolution, restructuring,
recapitalization or reorganization for the Company or any Significant Subsidiary (excluding any internal reorganization of wholly owned Company Subsidiaries); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(r) (i) make, change or rescind any material income Tax election (including, for the avoidance of doubt, any entity classification election);
(ii) change any of its material methods of tax accounting or tax accounting principles, methods or practices other than as required by applicable Law; (iii)&nbsp;enter into any closing agreement with respect to Taxes; (iv)&nbsp;settle any material
claim or assessment relating to the Company or any Company Subsidiary with respect to Taxes; or (v)&nbsp;surrender any right to claim a material Tax refund, offset or other reduction in Tax liability; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(s) agree to take any of the foregoing actions in clauses (a)&nbsp;through (s) above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">For the avoidance of doubt, the Parties agree that the covenants contained in this <U>Section</U><U></U><U>&nbsp;5.01</U> (excluding the first sentence of
this <U>Section</U><U></U><U>&nbsp;5.01</U> solely with respect to the Company&#8217;s servicing of the Managed Aircraft) do not apply to the conduct or operations of the Managed Aircraft. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_60"></A>Section&nbsp;5.02 <U>Conduct of Business by Parent</U>. Except as expressly permitted, contemplated or required by
this Agreement, as required by applicable Law or with the prior written consent of the Company, from the date of this Agreement to the Effective Time, each of Parent and Merger Sub shall not, and shall cause each of their respective Affiliates not
to, and Parent shall cause the Equity Investors not to, take any actions or omit to take any actions that would or would be reasonably likely to materially impair, materially delay, materially interfere with or materially hinder the ability of
Parent, the Company or Merger Sub to consummate the Merger, the Orderbook Transfer and the other transactions contemplated by this Agreement in accordance with the terms of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_61"></A>Section&nbsp;5.03 <U>No Control</U>. Nothing contained in this Agreement shall give Parent, Merger Sub or any of
their respective Affiliates, directly or indirectly, the right to control or direct the Company&#8217;s or its Subsidiaries&#8217; operations prior to the Effective Time, and nothing contained in this Agreement shall give the Company, directly or
indirectly, the right to control or direct Parent&#8217;s or its Subsidiaries&#8217; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-41 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
operations prior to the Effective Time. Prior to the Effective Time, each of the Company, Parent and Merger Sub shall exercise, subject to the terms and conditions of this Agreement, complete
control and supervision over its and its Subsidiaries&#8217; respective operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_62"></A>Section&nbsp;5.04 <U>No
Solicitation by the Company; Company Board Recommendation</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Except as permitted by <U>Section</U><U></U><U>&nbsp;5.04(b)</U> or
<U>Section</U><U></U><U>&nbsp;5.04(d)</U>, the Company shall, and shall cause each of the Company Subsidiaries, and its and their officers, directors, managers or employees, and shall instruct its accountants, consultants, legal counsel, financial
advisors and agents and other representatives (collectively, &#8220;<U>Representatives</U>&#8221;) of the Company or the Company Subsidiaries, to: (i)&nbsp;immediately cease any existing solicitations, discussions or negotiations with any Persons
that may be ongoing with respect to any Alternative Proposal or any proposal that could be reasonably expected to result in an Alternative Proposal; and (ii)&nbsp;from the date hereof until the earlier of the Effective Time or the date, if any, on
which this Agreement is terminated pursuant to <U>Section</U><U></U><U>&nbsp;8.01</U>, subject to the other provisions of this <U>Section</U><U></U><U>&nbsp;5.04</U>, not, and not to publicly announce any intention to, directly or indirectly,
(A)&nbsp;solicit, initiate, knowingly encourage or knowingly facilitate any inquiry, discussion, offer or request that constitutes, or could reasonably be expected to lead to, an Alternative Proposal (an &#8220;<U>Inquiry</U>&#8221;),
(B)&nbsp;furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information regarding the Company and the Company Subsidiaries to any Person in connection with an Inquiry or an Alternative Proposal, (C)&nbsp;enter into, continue or maintain
discussions or negotiations with any Person with respect to an Inquiry or an Alternative Proposal, (D)&nbsp;otherwise cooperate with or assist or participate in or facilitate any discussions or negotiations (other than informing Persons of the
provisions set forth in this <U>Section</U><U></U><U>&nbsp;5.04</U> or contacting any Person making an Alternative Proposal to ascertain facts or clarify terms and conditions for the sole purpose of the Company Board reasonably informing itself
about such Alternative Proposal) regarding, or furnish or cause to be furnished to any Person or &#8220;Group&#8221; (as such term is defined in Section&nbsp;13(d) under the Exchange Act) any <FONT STYLE="white-space:nowrap">non-public</FONT>
information with respect to, or take any other action to facilitate any Inquiries or the making of any proposal that constitutes, or could be reasonably expected to result in, an Alternative Proposal, (E)&nbsp;approve, agree to, accept, endorse or
recommend any Alternative Proposal, (F)&nbsp;submit to a vote of its stockholders, approve, endorse or recommend any Alternative Proposal, (G)&nbsp;effect any Adverse Recommendation Change, (H)&nbsp;enter into any letter of intent or agreement in
principle or any agreement providing for any Alternative Proposal (except for Acceptable Confidentiality Agreements) or (I)&nbsp;amend, or grant a waiver or release under, (1)&nbsp;any standstill or similar agreement with respect to any shares of
Common Stock or (2)&nbsp;any applicable anti-takeover law or anti-takeover provision in the Company&#8217;s Organizational Documents; <U>provided</U> that, if the Company Board (or any committee thereof) has determined in its good faith judgment
that failure to take such action would reasonably be expected to be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable Law, the Company may waive any standstill or similar agreement with respect to any shares
of Common Stock solely to the extent necessary to permit the applicable counterparty to submit confidential proposals to the Company Board. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Notwithstanding anything to the contrary in <U>Section</U><U></U><U>&nbsp;5.04(a</U>), if the Company or any of its Subsidiaries or any of
its or their respective Representatives receives an Alternative Proposal by any Person or Group at any time prior to the Company Stockholder Meeting that did not result from a material breach of <U>Section</U><U></U><U>&nbsp;5.04(a</U>), then,
subject to compliance with <U>Section</U><U></U><U>&nbsp;5.04(c)</U>, the Company and its Representatives may, prior to the Company Stockholder Meeting, take the actions set forth in subsections (i), and (ii)&nbsp;of this
<U>Section</U><U></U><U>&nbsp;5.04(b)</U> if the Company Board (or any committee thereof) has determined, in its good faith judgment (after consultation with the Company&#8217;s financial advisors and outside legal counsel), that such Alternative
Proposal constitutes or would reasonably be expected to lead to a Superior Proposal and that the failure to take such action would reasonably be expected to be </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-42 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable Law: (i)&nbsp;furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information to and afford
access to the business, employees, officers, contracts, properties, assets, books and records of the Company and the Company Subsidiaries to any Person in response to such Alternative Proposal, pursuant to the prior execution of (and the Company
and/or Company Subsidiaries may enter into) an Acceptable Confidentiality Agreement; and (ii)&nbsp;enter into and engage in discussions or negotiations with any Person with respect to an Inquiry or an Alternative Proposal. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Promptly (but in any event within 48 hours) following receipt (to the Knowledge of the Company) of any Alternative Proposal or any
Inquiry, the Company shall advise Parent in writing of the receipt of such Alternative Proposal or Inquiry, and the terms and conditions of such Alternative Proposal or Inquiry (including, in each case, the identity of the Person or Group making any
such Alternative Proposal or Inquiry), and the Company shall as promptly as practicable (but in any event within 48 hours) provide to Parent (i)&nbsp;a copy of such Alternative Proposal or Inquiry, if in writing, together with copies of any written
materials relating thereto provided to the Company or its Representatives; and (ii)&nbsp;a summary of the material terms and conditions of such Alternative Proposal or Inquiry, to the extent such material terms and conditions are not included in the
written materials provided in the foregoing clause (i). The Company agrees that it shall promptly (but in any event within 48 hours) provide to Parent any <FONT STYLE="white-space:nowrap">non-public</FONT> information concerning the Company or any
of its Subsidiaries that may be provided (pursuant to <U>Section</U><U></U><U>&nbsp;5.04(b)</U>) to any other Person or Group in connection with any such Alternative Proposal that has not previously been provided to Parent. In addition, the Company
shall keep Parent reasonably informed on a prompt basis (but in any event within 48 hours) of any material developments regarding the Alternative Proposal or any material change to the terms or status of the Alternative Proposal or Inquiry and
related discussions or negotiations (and supplementally provide the material terms) of any such Alternative Proposal or Inquiry (including any amendments thereto and any new, amended or revised written materials relating thereto provided to the
Company or its Representatives). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Notwithstanding anything herein to the contrary, at any time prior to the Company Stockholder
Meeting, the Company Board may (i)&nbsp;in the case of an Intervening Event or if the Company has received a Superior Proposal (after taking into account the terms of any revised offer by Parent pursuant to this
<U>Section</U><U></U><U>&nbsp;5.04(d</U>) and provided such Superior Proposal did not result from a material breach of <U>Section</U><U></U><U>&nbsp;5.04(a</U>)), withdraw, qualify or modify, or propose publicly to withdraw, qualify or modify, in a
manner adverse to Parent, the Company Recommendation or take any action, or make any public statement, filing or release inconsistent with the Company Recommendation (any of the foregoing being an &#8220;<U>Adverse Recommendation Change</U>&#8221;)
(including, for the avoidance of doubt, recommending against the Merger or approving, endorsing or recommending any Alternative Proposal) and (ii)&nbsp;if the Company has received a Superior Proposal (after taking into account the terms of any
revised offer by Parent pursuant to this <U>Section</U><U></U><U>&nbsp;5.04(d</U>)), terminate this Agreement pursuant to <U>Section</U><U></U><U>&nbsp;8.01(d)</U> to enter into a definitive written agreement providing for such Superior Proposal
simultaneously with the termination of this Agreement, in the case of clauses (i)&nbsp;and (ii), if the Company Board has determined in good faith, after consultation with outside legal counsel, that the failure to take such action would reasonably
be expected to be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable Law; <U>provided</U> that the Company Board may not make an Adverse Recommendation Change or, in the case of a Superior Proposal, terminate
this Agreement pursuant to <U>Section</U><U></U><U>&nbsp;8.01(d)</U>, unless: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) the Company has provided prior written
notice to Parent at least five (5)&nbsp;Business Days in advance (the &#8220;<U>Notice Period</U>&#8221;) of taking such action, which notice shall advise Parent of the circumstances giving rise to the Adverse Recommendation Change, and, in the case
of a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-43 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
Superior Proposal, that the Company Board has received a Superior Proposal and shall include a copy of such Superior Proposal (or, where no such copy is available, a description of the material
terms and conditions of such Superior Proposal); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) during the Notice Period, the Company has negotiated with Parent in
good faith (to the extent Parent desires to so negotiate) to make such adjustments in the terms and conditions of this Agreement so that, in the case of a Superior Proposal, such Superior Proposal ceases to constitute (in the good faith judgment of
the Company Board) a Superior Proposal, or in the case of an Intervening Event, the failure to make such Adverse Recommendation Change (in the judgment of the Company Board after consultation with the Company&#8217;s financial advisors and outside
legal counsel) would no longer be inconsistent with the directors&#8217; exercise of their fiduciary duties under applicable Law; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) the Company Board has determined in good faith, after considering the results of such negotiations and giving effect to
any proposals, amendments or modifications made or agreed to by Parent and any other information provided by Parent, and after consultation with the Company&#8217;s financial advisors and outside legal counsel, that, in the case of a Superior
Proposal, such Superior Proposal remains a Superior Proposal or, in the case of an Intervening Event, that the failure to make such Adverse Recommendation Change continues to be inconsistent with the directors&#8217; exercise of their fiduciary
duties under applicable Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If during the Notice Period any material revisions are made to the Superior Proposal, the Company shall deliver a new
written notice to Parent and shall comply with the requirements of this <U>Section</U><U></U><U>&nbsp;5.04(d)</U> with respect to such new written notice; <U>provided</U>, <U>however</U>, that for purposes of this sentence, references to the five
(5)-Business Day period above shall be deemed to be references to the longer of (x)&nbsp;the original five (5)-Business Day Period and (y)&nbsp;a three (3)-Business Day period. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Nothing contained in this Agreement shall prevent the Company or the Company Board from issuing a &#8220;stop, look and listen&#8221;
communication pursuant to Rule <FONT STYLE="white-space:nowrap">14d-9(f)</FONT> under the Exchange Act or complying with Rule <FONT STYLE="white-space:nowrap">14d-9</FONT> and Rule <FONT STYLE="white-space:nowrap">14e-2</FONT> under the Exchange Act
with respect to an Alternative Proposal or from making any disclosure to the Company&#8217;s stockholders if the Company Board (after consultation with outside legal counsel) concludes that its failure to do so would reasonably be expected to be
inconsistent with its fiduciary duties under applicable Law. For the avoidance of doubt, nothing in this <U>Section</U><U></U><U>&nbsp;5.04(e)</U> shall be construed to permit the Company or its Subsidiaries or the Company Board (or a committee
thereof) to effect an Adverse Recommendation Change other than in accordance with <U>Section</U><U></U><U>&nbsp;5.04(d)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) For
purposes of this Agreement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) &#8220;<U>Alternative Proposal</U>&#8221; means any proposal or offer (whether or not in
writing), with respect to any (A)&nbsp;merger, consolidation, share exchange, other business combination, tender offer, share purchase or similar transaction involving or relating to the Company that would result in any Person or Group beneficially
owning twenty percent (20%) or more of the outstanding equity interests of the Company or any successor or parent company thereto; (B)&nbsp;sale, contribution or other disposition, directly or indirectly (including by way of merger, consolidation,
share exchange, other business combination, partnership, joint venture, sale of shares of capital stock of or other equity interests in a Company Subsidiary or otherwise) of any business or assets of the Company or the Company Subsidiaries
representing twenty percent (20%) or more of the consolidated revenues, net income or assets of the Company and the Company Subsidiaries, taken as a whole; (C)&nbsp;issuance, sale or disposition, directly or indirectly, to any Person (or the
stockholders of any Person) or Group of securities (or options, rights or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-44 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
warrants to purchase, or securities convertible into or exchangeable for, such securities) representing twenty percent (20%) or more of the voting power of the Company; (D)&nbsp;transaction in
which any Person (or the stockholders of any Person) shall acquire, directly or indirectly, beneficial ownership, or the right to acquire beneficial ownership, or formation of any group which beneficially owns or has the right to acquire beneficial
ownership of, twenty percent (20%) or more of the shares of Common Stock or securities (or options, rights or warrants to purchase, or securities convertible into or exchangeable for, such securities) representing twenty percent (20%) or more of the
voting power of the Company; or (E)&nbsp;any combination of the foregoing (in each case, other than the Merger or the other transactions contemplated by this Agreement). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) &#8220;<U>Superior Proposal</U>&#8221; means any bona fide proposal or offer made by a third party or Group (A)&nbsp;that
did not result from a material breach of this <U>Section</U><U></U><U>&nbsp;5.04</U> and (B)&nbsp;pursuant to which such third party or Group (or the stockholders of such third party or Group) would acquire, directly or indirectly, more than fifty
percent (50%) of the shares of Common Stock or assets of the Company and the Company Subsidiaries, taken as a whole, (x)&nbsp;on terms which the Company Board determines in good faith (after consultation with outside counsel and a financial advisor
of nationally recognized reputation) to be more favorable from a financial point of view to the holders of shares of Common Stock than the Merger, taking into account all the terms and conditions of such proposal and this Agreement (including any
changes proposed by Parent to the terms of this Agreement) and (y)&nbsp;the conditions to the consummation of which are reasonably capable of being satisfied, taking into account all financial, regulatory, legal and other aspects of such proposal.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) &#8220;<U>Acceptable Confidentiality Agreement</U>&#8221; means a confidentiality agreement containing terms not
materially less favorable in the aggregate to the Company than the terms set forth in the Confidentiality Agreement (it being understood and hereby agreed that such confidentiality agreement need not contain a &#8220;standstill&#8221; or similar
provision); <U>provided</U>, <U>however</U>, that such confidentiality agreement shall not prohibit compliance by the Company with any of the provisions of this Agreement, including this <U>Section</U><U></U><U>&nbsp;5.04</U>. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_63"></A>ARTICLE VI </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_64"></A>ADDITIONAL AGREEMENTS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_65"></A>Section&nbsp;6.01 <U>Preparation of the Proxy Statement; Company Stockholder Meeting</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) As reasonably promptly as practicable following the date of this Agreement, the Company shall prepare and cause to be filed with the SEC a
proxy statement to be sent to the Company&#8217;s stockholders relating to the Company Stockholder Meeting (together with any amendments or supplements thereto, the &#8220;<U>Proxy Statement</U>&#8221;). Parent shall furnish all information
concerning Parent and its Affiliates to the Company, and provide such other assistance, as may be reasonably requested in connection with the preparation, filing and distribution of the Proxy Statement, and the Proxy Statement shall include all
information reasonably requested by the Company to be included therein. The Company shall reasonably promptly notify Parent upon the receipt of any comments from the SEC or any request from the SEC for amendments or supplements to the Proxy
Statement and shall provide Parent with copies of all correspondence between the Company and its Representatives, on the one hand, and the SEC, on the other hand. The Company shall use its reasonable best efforts to respond as reasonably promptly as
practicable to any comments from the SEC with respect to the Proxy Statement, and Parent will cooperate in connection therewith. Notwithstanding the foregoing, prior to filing or mailing the Proxy Statement (or any amendment or supplement thereto)
or responding to any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-45 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
comments of the SEC with respect thereto, the Company (i)&nbsp;shall provide Parent an opportunity to review and comment on the Proxy Statement or response (including the proposed final version
of the Proxy Statement or response) and (ii)&nbsp;shall consider in good faith all comments proposed by Parent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) If prior to the
Company Stockholder Meeting any change occurs with respect to information supplied by Parent or its Affiliates for inclusion in the Proxy Statement which is required to be described in an amendment of, or a supplement to, the Proxy Statement, Parent
shall reasonably promptly notify the Company of such event, and Parent and the Company shall cooperate in the prompt filing with the SEC of any necessary amendment or supplement to the Proxy Statement, and as required by Law, in disseminating the
information contained in such amendment or supplement to the Company&#8217;s stockholders. Nothing in this <U>Section</U><U></U><U>&nbsp;6.01(b)</U> shall limit the obligations of any party under <U>Section</U><U></U><U>&nbsp;6.01(a)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) If prior to the Company Stockholder Meeting any event occurs with respect to the Company or any Company Subsidiary, or any change occurs
with respect to other information supplied by the Company for inclusion in the Proxy Statement, which is required to be described in an amendment of, or a supplement to, the Proxy Statement, the Company shall reasonably promptly notify Parent of
such event, and the Company shall as reasonably promptly as practicable file any necessary amendment or supplement to the Proxy Statement with the SEC and, as required by Law, disseminate the information contained in such amendment or supplement to
the Company&#8217;s stockholders. Nothing in this <U>Section</U><U></U><U>&nbsp;6.01(c)</U> shall limit the obligations of any party under <U>Section</U><U></U><U>&nbsp;6.01(a)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The Company shall, as promptly as reasonably practicable after (x)&nbsp;the date that is ten (10)&nbsp;days after the filing of the
preliminary Proxy Statement, if the SEC has not advised the Company that the SEC intends to review the Proxy Statement or (y)&nbsp;otherwise, the date that the SEC confirms it has no further comments on the Proxy Statement duly call, give notice of,
convene and hold the Company Stockholder Meeting for the purpose of (i)&nbsp;seeking the Company Stockholder Approval; and (ii)&nbsp;in accordance with Section&nbsp;14A of the Exchange Act and the applicable SEC rules issued thereunder, seeking
advisory approval of a proposal to the Company&#8217;s stockholders for a <FONT STYLE="white-space:nowrap">non-binding,</FONT> advisory vote to approve certain compensation that may become payable to the Company&#8217;s named executive officers in
connection with the completion of the Merger. In connection with the foregoing, the Company shall use its reasonable best efforts to (i)&nbsp;cause the Proxy Statement to be mailed to the Company&#8217;s stockholders; and (ii)&nbsp;subject to
<U>Section</U><U></U><U>&nbsp;5.04(d)</U>, solicit the Company Stockholder Approval. The Company shall, through the Company Board, recommend to its stockholders that they give the Company Stockholder Approval (the &#8220;<U>Company
Recommendation</U>&#8221;) and shall include such recommendation in the Proxy Statement, in each case, except to the extent that the Company Board shall have made an Adverse Recommendation Change as permitted by
<U>Section</U><U></U><U>&nbsp;5.04(d)</U>. The Company shall keep Parent informed on a reasonably current basis, and promptly upon Parent&#8217;s written request, of the status of its efforts to solicit the Company Stockholder Approval. The Company
agrees that, unless this Agreement is terminated in accordance with its terms prior thereto, its obligations to hold the Company Stockholder Meeting pursuant to this <U>Section</U><U></U><U>&nbsp;6.01</U> shall not be affected by the commencement,
public proposal, public disclosure or communication to the Company of any Alternative Proposal or by the making of any Adverse Recommendation Change by the Company Board; <U>provided</U>, <U>however</U>, that if the public announcement of an Adverse
Recommendation Change or the delivery of notice by the Company to Parent pursuant to <U>Section</U><U></U><U>&nbsp;5.04(d)</U>(i) occurs less than 10 Business Days prior to the Company Stockholder Meeting, the Company shall be entitled to postpone
the Company Stockholder Meeting to a date not more than 10 Business Days after the date such Company Stockholder Meeting had previously been scheduled (but in no event to a date after the date that is five Business Days before the End Date). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-46 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) The Company (x)&nbsp;may, with Parent&#8217;s consent (such consent not to be
unreasonably withheld, conditioned or delayed), adjourn, recess, reconvene or postpone the Company Stockholder Meeting if the Company reasonably believes that (i)&nbsp;such adjournment, recess, reconvening or postponement is necessary to ensure that
any required supplement or amendment to the Proxy Statement is provided to the holders of shares of Common Stock a reasonable amount of time in advance of the Company Stockholder Meeting, (ii)&nbsp;after consultation with Parent, as of the time for
which the Company Stockholder Meeting is then scheduled (as set forth in the Proxy Statement), (A)&nbsp;there will be an insufficient number of shares of Common Stock present (either in person or by proxy) to constitute a quorum necessary to conduct
the business of the Company Stockholder Meeting or (B)&nbsp;there will be an insufficient number of proxies to obtain the Company Stockholder Approval, or (iii)&nbsp;such adjournment, recess, reconvening or postponement is required by Law, and
(y)&nbsp;shall, if requested by Parent, adjourn, recess, reconvene or postpone the Company Stockholder Meeting, if after consultation with Parent, as of the time for which the Company Stockholder Meeting is then scheduled (as set forth in the Proxy
Statement), (A) there will be an insufficient number of shares of Common Stock present (either in person or by proxy) to constitute a quorum necessary to conduct the business of the Company Stockholder Meeting or (B)&nbsp;there will be an
insufficient number of proxies to obtain the Company Stockholder Approval; <U>provided</U> that, unless otherwise agreed by the Company and Parent, such adjournment, recess, reconvention or postponement shall not be for more than five Business Days
individually or 20 Business Days in the aggregate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_66"></A>Section&nbsp;6.02 <U>Access to Information;
Confidentiality</U>. Subject to applicable Law, the Company shall, and shall cause each of its Subsidiaries to, afford to Parent and to the Representatives of Parent and SMBC AC reasonable access, upon reasonable advance notice, during normal
business hours during the period prior to the Effective Time, to all their respective properties, books, contracts, personnel (including for purposes of discussing retention and other post-closing employment arrangements) and records and, during
such period, the Company shall, and shall cause each of its Subsidiaries to, furnish reasonably promptly to Parent all other information concerning its business, assets, liabilities, properties and personnel as Parent may reasonably request (in each
case, in a manner so as to not unreasonably interfere with the normal business operations of the Company or any Company Subsidiary); <U>provided</U>, <U>however</U>, that the Company shall not be required to permit such access or make such
disclosure, to the extent it reasonably determines (after consultation with outside counsel) that such disclosure or access would (i)&nbsp;violate the terms of any confidentiality agreement or other Contract with a third party (<U>provided</U> that
the Company shall use its reasonable best efforts to obtain the required consent of such third party to such access or disclosure); (ii) result in the loss of any attorney-client privilege (<U>provided</U> that the Company shall use its reasonable
best efforts to allow for such access or disclosure (or as much of it as possible) in a manner that does not result in a loss of attorney-client privilege); (iii) result in the access to or disclosure of commercially sensitive information
(<U>provided</U> that the Company shall use its reasonable best efforts to allow for such access or disclosure (or as much of it as possible) in an &#8220;outside counsel only&#8221; basis, in which case such information shall be given only to the
outside counsel of Parent and may not be shared with Parent or any of its Affiliates or any of their respective Representatives (other than such outside counsel)); or (iv)&nbsp;violate any Law (<U>provided</U> that the Company shall use its
reasonable best efforts to allow for such access or disclosure (or as much of it as possible) in a manner that does not violate such Law). Notwithstanding anything contained in this Agreement to the contrary, the Company shall not be required to
provide any access or make any disclosure to Parent pursuant to this <U>Section</U><U></U><U>&nbsp;6.02</U> to the extent such access or information is reasonably pertinent to a litigation where the Company or any of its Affiliates, on the one hand,
and Parent or any of its Affiliates, on the other hand, are adverse parties. All information exchanged pursuant to this <U>Section</U><U></U><U>&nbsp;6.02</U> shall be subject to the confidentiality </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-47 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
agreement, dated as of February&nbsp;24, 2025, and amended on March&nbsp;31, 2025 and May&nbsp;8, 2025, among the Company, SMBC AC and Sumitomo (the &#8220;<U>Confidentiality
Agreement</U>&#8221;), and the clean team agreement, dated as of June&nbsp;12, 2025, among the Company, SMBC AC and Sumitomo (the &#8220;<U>Clean Team Agreement</U>&#8221;), as applicable. Notwithstanding anything to the contrary in the foregoing,
until the Closing, the Company (i)&nbsp;shall cause the virtual data room established by the Company and its Representatives in connection with the transactions contemplated by this Agreement to be maintained, and (ii)&nbsp;shall not impose any
additional restrictions on access by Parent or its Representatives, or remove any materials or documents from such virtual data room, except as expressly contemplated by the Confidentiality Agreement or the Clean Team Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_67"></A>Section&nbsp;6.03 <U>Efforts to Consummate</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Subject to the terms and conditions herein provided, each of Parent and the Company shall use their respective reasonable best efforts to
reasonably promptly take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable under this Agreement and applicable Laws to consummate and make effective as reasonably promptly as practicable
after the date hereof the transactions contemplated by this Agreement (including the Merger and the Orderbook Transfer), including (i)&nbsp;preparing and filing with a Governmental Entity as reasonably promptly as practicable all necessary
applications, notices, disclosures, petitions, filings, ruling requests, and other documents and to obtain as reasonably promptly as practicable all Consents necessary or advisable to be obtained from any Governmental Entity (including CFIUS) in
order to consummate the transactions contemplated by this Agreement (including the Merger and the Orderbook Transfer) (collectively, the &#8220;<U>Governmental Approvals</U>&#8221;) and (ii)&nbsp;as promptly as reasonably practicable taking all
steps as may be necessary to obtain all such Governmental Approvals. In furtherance and not in limitation of the foregoing, each party hereto agrees to (A)&nbsp;make an appropriate and complete filing of a Notification and Report Form pursuant to
the HSR Act with respect to the transactions contemplated hereby within twenty-five (25)&nbsp;Business Days of the date of this Agreement, and (B)&nbsp;promptly make all other filings that are required to be made in order to consummate the
transactions contemplated hereby pursuant to other applicable Antitrust Laws or Foreign Investment Laws with respect to the transactions contemplated hereby, including with respect to the Required Regulatory Approvals, and (C)&nbsp;not extend any
waiting period under the HSR Act or other Antitrust Laws or Foreign Investment Laws, or enter into any agreement with the Federal Trade Commission (the &#8220;<U>FTC</U>&#8221;), the United States Department of Justice (the &#8220;<U>DOJ</U>&#8221;)
or any other Governmental Entity not to consummate the transactions contemplated by this Agreement, except with the prior written consent of the other party hereto (which shall not be unreasonably withheld, conditioned or delayed). Parent and the
Company shall supply as promptly as reasonably practicable any additional information or documentation that may be requested pursuant to the HSR Act or any other applicable Antitrust Law or Foreign Investment Law and use its reasonable best efforts
to take all other actions necessary, proper or advisable to cause the expiration or termination of the applicable waiting periods under the HSR Act and any other applicable Antitrust Law or Foreign Investment Law as soon as possible (including
complying with any &#8220;second request&#8221; for information or similar request from a Governmental Entity pursuant to other Antitrust Laws or Foreign Investment Laws). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) In connection with the actions referenced in <U>Section</U><U></U><U>&nbsp;6.03(a)</U> to obtain all Governmental Approvals for the
transactions contemplated by this Agreement under the HSR Act or any other Antitrust Laws or Foreign Investment Laws, each of Parent and the Company shall, and shall cause their respective Affiliates, and Parent shall cause the Equity Investors to,
(i)&nbsp;cooperate in all respects with each other in connection with any communication, filing or submission and in connection with any investigation or other inquiry, including any proceeding initiated by a Governmental Entity or a
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-48 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
private party (<U>provided</U> that Parent shall, upon consultation with the Company in good faith and subject to Parent&#8217;s obligations hereunder, solely control the timing and strategy for
obtaining Governmental Approvals and coordinate the overall development of the positions to be taken and the regulatory actions to be requested in any filing or submission with such other Governmental Entity in connection with the Merger or the
other transactions contemplated hereby); (ii) keep the other party and/or its counsel promptly informed of any communication received by such party from, or given by such party to, the FTC, the DOJ, CFIUS or any other U.S. or other Governmental
Entity and of any communication received or given in connection with any proceeding by a private party, in each case regarding any of the transactions contemplated hereby; (iii)&nbsp;consult with each other in advance of any meeting or conference
with the FTC, the DOJ, CFIUS or any other Governmental Entity or, in connection with any proceeding by a private party, with any other Person, and to the extent permitted by the FTC, the DOJ, CFIUS or such other Governmental Entity or other Person,
give the other party and/or its counsel the opportunity to attend and participate in such meetings and conferences; (iv)&nbsp;consider in good faith the views of the other party and keep the other party reasonably informed of the status of matters
related to the transactions contemplated by this Agreement; and (v)&nbsp;permit the other party and/or its counsel to review in advance, with reasonable time and opportunity to comment, give reasonable consideration to the other party&#8217;s
comments thereon, and consult with each other in advance of any proposed submission, filing or communication (and documents submitted therewith) intended to be given by it to the FTC, the DOJ, CFIUS or any other Governmental Entity; <U>provided</U>
that materials may be redacted (i)&nbsp;as necessary to comply with applicable Law and (ii)&nbsp;to remove references concerning the valuation of the businesses of the Company and the Company Subsidiaries. Parent and the Company may, as each deems
advisable and necessary, reasonably designate any competitively sensitive material to be provided to the other under this <U>Section</U><U></U><U>&nbsp;6.03(b)</U> as &#8220;Counsel Only Material.&#8221; Such materials and the information contained
therein shall be given only to the outside counsel of the recipient and will not be disclosed by such outside counsel to employees, officers or directors of the recipient unless express permission is obtained in advance from the source of the
materials (Parent or the Company, as the case may be) or its legal counsel. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) In furtherance and not in limitation of the covenants of
the parties contained in <U>Sections </U><U>6.03(a)</U> and <U>6.03(b)</U>, Parent and the Company shall take any and all steps not prohibited by Law to (i)&nbsp;avoid the entry of, or to have vacated, lifted, reversed or overturned any Judgment or
injunction, whether temporary, preliminary or permanent, that would restrain, prevent or delay the Closing on or before the End Date, including defending (with sufficient time for resolution in advance of the End Date) through litigation on the
merits any claim asserted in any court with respect to the transactions contemplated by this Agreement by the FTC, the DOJ or any other applicable Governmental Entity or any private party in connection with any Antitrust Law; and (ii)&nbsp;avoid or
eliminate each and every impediment under any Antitrust Law or Foreign Investment Law so as to enable the Closing to occur as soon as possible (and in any event no later than the End Date), including (A)&nbsp;proposing, negotiating, committing to
and effecting, by consent decree, hold separate order, or otherwise, the sale, divestiture or disposition of such businesses, product lines or assets of Parent, the Company and their respective Subsidiaries, (B)&nbsp;terminating any existing
relationships and contractual rights and obligations, terminating any venture or other arrangement, creating any relationship, contractual rights or obligations of Parent or the Company of any of their respective Subsidiaries, or effectuating any
other change or restructuring of Parent, the Company or any of their respective Subsidiaries, (C)&nbsp;creating any relationship, contractual rights or obligations of the Company or Parent or their respective Subsidiaries, (D)&nbsp;opposing,
including through litigation and reasonably available avenues of appeal, (1)&nbsp;any administrative or judicial action or proceeding that is initiated or threatened to be initiated challenging this Agreement or the consummation of the Merger or the
other transactions contemplated by this </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-49 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Agreement and (2)&nbsp;any request for the entry of, and seek to have vacated or terminated, any order that would restrain, prevent or materially delay the consummation of the transactions
contemplated by this Agreement, in the case of (1)&nbsp;and (2) as may be required in order to resolve any objections as a Governmental Entity may have to such transactions under the HSR Act, any Antitrust Law, any Foreign Investment Law or any
other applicable Law and/or to avoid the entry of, or to effect the dissolution, vacating, lifting, altering or reversal of, any order that has the effect of restricting, preventing or prohibiting the consummation of the transactions contemplated by
this Agreement, (E)&nbsp;commencing and/or defending any suit, action or other proceeding before any court or other applicable Governmental Entity, and pursuing all reasonably available avenues of appeal thereto, as may be required in order to
(1)&nbsp;resolve any objections as a Governmental Entity may have to such transactions under the HSR Act, or any Antitrust Law or any other applicable Law and (2)&nbsp;avoid the entry of, or to effect the dissolution, vacating, lifting, altering or
reversal of, any order that has the effect of restricting, preventing or prohibiting the consummation of the transactions contemplated by this Agreement, (F)&nbsp;taking any action and/or accepting any condition or restriction required by a
Governmental Entity in connection with in connection with any Governmental Approval (including entering into any mitigation agreement with any Governmental Entity as may be required), and (G)&nbsp;otherwise taking or committing to take actions that
after the Closing would limit Parent&#8217;s and/or its Subsidiaries&#8217; (including the Company&#8217;s and the Company Subsidiaries&#8217;) freedom of action with respect to, or its or their ability to operate and/or retain, one or more of the
businesses, product lines or assets of Parent, the Company and/or their respective Subsidiaries; <U>provided</U>, <U>however</U>, that, notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall require Parent, any
of the Equity Investors or any of their respective Affiliates to (x)&nbsp;take any actions with respect to any existing businesses, product lines or assets of any of the Equity Investors or any of their respective Affiliates (other than Parent and
its Subsidiaries (including the Company and the Company Subsidiaries following the Merger)), or (y)&nbsp;take any action contemplated by the foregoing clauses <FONT STYLE="white-space:nowrap">(A)-(G)</FONT> or otherwise take any action or permit or
suffer to exist any material restriction, condition, limitation or requirement, that, in the case of this clause (y), would or would reasonably be expected to (when taken together with all other such actions, restrictions, conditions, limitations
and requirements), (1) materially diminish the value (commercial or otherwise) of the Company and its Subsidiaries (taken as a whole and giving effect to the Closing) or (2)&nbsp;materially reduce the benefits reasonably expected to be derived by
Parent or any of the Equity Investors and their respective Affiliates from the transactions contemplated hereby following the Closing, including by materially reducing the benefits reasonably expected to be derived by Parent or any of the Equity
Investors and their respective Affiliates from the Orderbook Transfer or the servicing arrangements contemplated to be entered into by Parent and SMBC AC with respect to the servicing by SMBC AC of certain Company Aircraft; <U>provided</U>,
<U>further</U>, that neither Parent nor the Company shall be required to take any action contemplated by the foregoing clauses (A)-(G) that is not conditioned upon, or would be effective prior to, the consummation of the transactions contemplated by
this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The Company shall give prompt written notice to Parent, and Parent shall give prompt written notice to the Company,
of (i)&nbsp;the occurrence, or failure to occur, of any event which occurrence or failure to occur has resulted in or would reasonably be expected to result in the failure to satisfy or be able to satisfy any of the conditions specified in
<U>Article VII</U>, and such written notice shall specify the condition which has failed or will fail to be satisfied; (ii)&nbsp;any written notice from any Person alleging that the consent of such Person is or may be required in connection with the
transactions contemplated by this Agreement to the extent such consent is material to the Company and the Company Subsidiaries, taken as a whole; and (iii) any material written notice from any Governmental Entity in connection with the transactions
contemplated by this Agreement; <U>provided</U> that the delivery </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-50 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of any notice pursuant to this <U>Section</U><U></U><U>&nbsp;6.03(d)</U> shall not limit or otherwise affect the remedies available hereunder to Parent or the Company. In addition, the Company
shall give prompt written notice to Parent of any (x)&nbsp;total loss, destruction or material damage to any Company Aircraft or Managed Aircraft that would reasonably be expected to be material to the Company and the Company Subsidiaries, taken as
a whole, or (y)&nbsp;material breach or event of default by the Company or Company Subsidiaries under any Material Contract that would reasonably be expected to be material to the Company and the Company Subsidiaries, taken as a whole. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_68"></A>Section&nbsp;6.04 <U>Indemnification, Exculpation and Insurance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Parent agrees that all rights to indemnification, advancement of expenses and exculpation from liabilities for acts or omissions occurring
at or prior to the Effective Time now existing in favor of the current or former directors, officers or employees of the Company and the Company Subsidiaries as provided in their respective Organizational Documents and any indemnification or other
similar agreements of the Company or any of the Company Subsidiaries shall continue in full force and effect in accordance with their terms (it being agreed that after the Closing such rights shall be mandatory rather than permissive, if
applicable), and Parent shall cause the Company and the Company Subsidiaries to perform its obligations thereunder. Without limiting the foregoing, from and after the Effective Time, the Surviving Corporation agrees that it will indemnify and hold
harmless each individual who was prior to or is as of the date of this Agreement, or who becomes prior to the Effective Time, a director, officer or employee of the Company or any of the Company Subsidiaries or who was prior to or is as of the date
of this Agreement, or who thereafter commences prior to the Effective Time, serving at the request of the Company or any of the Company Subsidiaries as a director, officer or employee of another Person or serving as a trustee or fiduciary of a
Company Benefit Plan (the &#8220;<U>Company Indemnified Parties</U>&#8221;), against all claims, losses, liabilities, damages, Judgments, inquiries, fines and fees, costs and expenses, including reasonable attorneys&#8217; fees and disbursements,
incurred in connection with any claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (including with respect to matters existing or occurring at or prior to the Effective Time (including this Agreement and the
transactions and actions contemplated hereby)), arising out of or pertaining to the fact that the Company Indemnified Party is or was a director, officer or employee of the Company or any Company Subsidiary or is or was serving at the request of the
Company or any Company Subsidiary as a director, officer or employee of another Person, whether asserted or claimed prior to, at or after the Effective Time, to the fullest extent permitted under applicable Law. In the event of any such claim,
action, suit or proceeding, (x)&nbsp;each Company Indemnified Party will be entitled to advancement of expenses incurred in the defense of any such claim, action, suit or proceeding from the Surviving Corporation within ten (10)&nbsp;Business Days
of receipt by the Surviving Corporation from the Company Indemnified Party of a request therefor; <U>provided</U> that any Person to whom expenses are advanced provides an undertaking to repay such advances if it is ultimately determined by final <FONT
STYLE="white-space:nowrap">non-appealable</FONT> adjudication that such Person is not entitled to indemnification, except to the extent such Person is entitled to advancement of expenses under the Organizational Documents of the Company or its
Subsidiaries or in an indemnification or similar agreement without such an undertaking, and (y)&nbsp;the Surviving Corporation shall cooperate in the defense of any such matter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) For a period of six years from and after the Effective Time, the Surviving Corporation shall either cause to be maintained in effect the
current policies of directors&#8217; and officers&#8217; liability and fiduciary liability insurance maintained by the Company or its Subsidiaries or provide substitute policies for the Company and its current and former directors and officers who
are currently covered by the directors&#8217; and officers&#8217; liability and fiduciary liability insurance currently maintained by the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-51 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Company, in either case, of not less than the existing coverage and having other terms not less favorable to the insured Persons than the directors&#8217; and officers&#8217; liability and
fiduciary liability insurance currently maintained by the Company with respect to claims arising from facts or events that occurred at or before the Effective Time (with insurers having the same or better credit rating as the Company&#8217;s current
insurers), except that in no event shall the Surviving Corporation be required to pay for any one annual period an aggregate premium with respect to such insurance policies more than three hundred percent (300%) of the aggregate annual premium most
recently paid by the Company prior to the date of this Agreement (the &#8220;<U>Maximum Amount</U>&#8221;), and if the Surviving Corporation is unable to obtain the insurance required by this <U>Section</U><U></U><U>&nbsp;6.04(b</U>) it shall obtain
as much comparable insurance as possible for each year within such <FONT STYLE="white-space:nowrap">six-year</FONT> period for an annual premium equal to the Maximum Amount. In lieu of such insurance, prior to the Closing Date the Company may, at
its option, purchase &#8220;tail&#8221; directors&#8217; and officers&#8217; liability and fiduciary liability insurance for a period of six years for the Company and its current and former directors and officers who are currently covered by the
directors&#8217; and officers&#8217; liability and fiduciary liability insurance currently maintained by the Company, such &#8220;tail&#8221; insurance to provide coverage in an amount not less than the existing coverage and to have other terms not
less favorable to the insured Persons than the directors&#8217; and officers&#8217; liability and fiduciary liability insurance currently maintained by the Company with respect to claims arising from facts or events that occurred at or before the
Effective Time; <U>provided</U> that in no event shall the cost of any such tail insurance exceed the Maximum Amount, and if the Company is unable to obtain such &#8220;tail&#8221; insurance, it shall obtain as much comparable &#8220;tail&#8221;
insurance as possible for such <FONT STYLE="white-space:nowrap">six-year</FONT> period for an aggregate premium equal to the Maximum Amount. The Surviving Corporation shall maintain such policies in full force and effect and continue to honor the
obligations thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) The provisions of this <U>Section</U><U></U><U>&nbsp;6.04</U> (i) shall survive consummation of the Merger
until the later of (x)&nbsp;the date that is the sixth (6th) anniversary of the Closing Date and (y)&nbsp;the date on which any claim, action, suit, proceeding or other matter initiated prior to the sixth (6th) anniversary of the Closing Date is
finally resolved, (ii)&nbsp;are intended to be for the benefit of, and will be enforceable by, each indemnified or insured party (including the Company Indemnified Parties), his or her heirs and his or her representatives, and (iii)&nbsp;are in
addition to, and not in substitution for, any other rights to indemnification or contribution that any such Person may have by contract or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) In the event that the Surviving Corporation or any of its successors or assigns (i)&nbsp;consolidates with or merges into any other Person
and is not the continuing or surviving corporation or entity of such consolidation or merger or (ii)&nbsp;transfers or conveys all or substantially all of its assets to any Person, then, and in each such case, the Surviving Corporation shall cause
proper provision to be made so that the successors and assigns of the Surviving Corporation assume the obligations set forth in this <U>Section</U><U></U><U>&nbsp;6.04.</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_69"></A>Section&nbsp;6.05 <U>Transaction Litigation</U>. Prior to the Effective Time, in the event that any litigation
related to this Agreement, the Merger or the other transactions contemplated hereby is brought by any stockholder of the Company or any holder of the Company&#8217;s other securities against the Company and/or its directors or officers, the Company
shall promptly notify Parent of such litigation and shall keep Parent reasonably informed with respect to the status thereof. Subject to entry into a customary joint defense agreement, the Company shall give Parent the opportunity to consult with
the Company and participate in the defense or settlement of any such litigation, and the Company shall consider in good faith Parent&#8217;s advice with respect to such litigation. None of the Company, any Company Subsidiary or any Representative of
the Company shall compromise, settle or come to an arrangement regarding any such stockholder litigation, in each case unless Parent shall have consented in writing (which consent shall not be unreasonably withheld, conditioned or delayed);
<U>provided</U> that the Company may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-52 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
compromise, settle or come to an agreement regarding shareholder litigation made or pending against a Company Party after consultation with Parent, if the resolution of such litigation requires
payment from the Company or any of its Subsidiaries or Representatives in an amount not to exceed the amount set forth in <U>Section</U><U></U><U>&nbsp;6.05</U> of the Company Disclosure Letter and/or the provision of disclosures to the shareholders
of the Company relating to the Merger (which disclosures shall be subject to review and comment by Parent), and the settlement provides for no material injunctive relief. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_70"></A>Section&nbsp;6.06 <U>Section 16 Matters</U>. Prior to the Effective Time, the Company and Merger Sub each shall
take all such steps as may be required to cause any dispositions of shares of Common Stock (including derivative securities with respect to shares of Common Stock, including Company RSUs and Company PSUs) resulting from the Merger and the other
transactions contemplated by this Agreement by each individual is a director or executive officer of the Company and who would otherwise be subject to <FONT STYLE="white-space:nowrap">Rule&nbsp;16b-3&nbsp;promulgated</FONT> under the Exchange Act to
be exempt under such rule to the extent permitted by applicable Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_71"></A>Section&nbsp;6.07 <U>Public
Announcements</U>. Except with respect to any Adverse Recommendation Change or announcement made with respect to any Alternative Proposal, Superior Proposal or related matters, in each case in accordance with the terms of this Agreement (including
compliance with <U>Section</U><U></U><U>&nbsp;5.04</U>), or any dispute between the parties regarding this Agreement or the transactions contemplated hereby, (a)&nbsp;Parent and the Company shall provide an opportunity for the other party to review
and comment upon any press release or other public statements and (b)&nbsp;the Company shall provide Parent an opportunity to review and comment on widespread internal written communications that may be made by the Company to its employees (other
than communications pursuant to Section 6.08(g)), independent contractors, consultants, contract counterparties and/or other material business relations of the Company or its Subsidiaries, in each case with respect to the transactions contemplated
by this Agreement, including the Merger, and each of Parent and the Company shall not, and shall cause their Affiliates not to, and Parent shall cause the Equity Investors not to, issue any such press release or make any such public statement or
other written communication prior to providing such opportunity to review and comment, except as such party may reasonably conclude may be required by applicable Law, court process or by obligations pursuant to any listing agreement with any
national securities exchange or national securities quotation system. The Company and Parent agree that the initial press release to be issued with respect to the transactions contemplated by this Agreement shall be in the form heretofore agreed to
by the parties. Nothing in this <U>Section</U><U></U><U>&nbsp;6.07 </U>shall limit the ability of any party hereto to make disclosures, announcements or communications (including in any meetings or calls with analysts, institutional investors or
other similar Persons) that are consistent in all material respects with the prior public disclosures regarding the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_72"></A>Section&nbsp;6.08 <U>Empl</U><U>oyment and Company Benefits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) During the <FONT STYLE="white-space:nowrap">one-year</FONT> period following the Closing Date (or, such shorter period of employment, as
the case may be), Parent shall, or shall cause the Surviving Corporation to, provide each Company Employee with (i)&nbsp;a base salary or hourly wage rate that is at least equal to the base salary or hourly wage rate provided to the Company Employee
immediately prior to the Closing Date; (ii)&nbsp;short-term cash incentive opportunities that are at least equal to the short-term cash incentive opportunities in effect for the Company Employee immediately prior to the Closing Date, which
short-term cash incentive opportunities shall, for the year of Closing, have the same termination protections as those provided under the Annual Bonus Plan (as defined below) (less any amounts paid pursuant to Section&nbsp;6.08(b)); (iii) target
long-term incentive opportunities that are at least equal to the target long-term incentive opportunities in effect for the Company Employee immediately prior to the Closing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-53 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Date (provided that such opportunities may be provided in the form of cash rather than equity) and (iv)&nbsp;employee benefits (excluding any equity-based or other long-term incentives, retiree
health and welfare benefits and defined benefit pension benefits) that, with respect to each Company Employee, are no less favorable in the aggregate than the employee benefits provided by the Company or any Company Subsidiary to such Company
Employee immediately prior to the Closing Date. For purposes of this Agreement, &#8220;<U>Company Employee</U>&#8221; means any employee of the Company or any Company Subsidiary who is employed at the Closing Date and who remains employed with the
Surviving Corporation or any other Affiliate of Parent immediately following the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) With respect to the Company&#8217;s annual
bonus plan (the &#8220;<U>Annual Bonus Plan</U>&#8221;), for the calendar year in which the Closing Date occurs, Parent shall, or shall cause the Surviving Corporation or their respective Affiliates to, pay to each Company Employee who remains
employed with Parent, the Surviving Corporation or their respective Affiliates through the Closing, such Company Employee&#8217;s target annual bonus (i)&nbsp;prorated based on the number of days elapsed during the period commencing on the first day
of such calendar year and ending on the Closing Date, (ii)&nbsp;payable solely in the form of cash and (iii)&nbsp;except in respect of the Deferred Bonus Plan (as defined in <U>Section</U><U></U><U>&nbsp;5.01(m)</U> of the Company Disclosure
Letter), payable within 10 days following the Closing Date (the &#8220;<U>Closing Year Annual Bonus</U>&#8221;); <U>provided</U>, <U>however</U>, (i)&nbsp;if the Closing Date occurs in calendar year in 2025, the Closing Year Annual Bonus shall be
determined based upon the greater of (x)&nbsp;target performance and (y)&nbsp;the actual level of performance, extrapolated through the end of the applicable calendar year based on actual performance through the Closing Date, as determined by the
Leadership Development and Compensation Committee of the Company Board prior to the Closing (provided that Parent will be provided with an opportunity to review such performance calculations and consult in good faith with the Company (and the
Company will give good faith consideration to any comments from Parent with respect thereto) reasonably in advance of the Company&#8217;s Leadership Development and Compensation Committee&#8217;s approval); <U>provided</U>, <U>further</U>, if the
Closing occurs in 2025, the Closing Year Annual Bonus shall not be subject to proration under clause (i)&nbsp;of this <U>Section</U><U></U><U>&nbsp;6.08(b)</U>. The Company shall take such actions necessary to cause that (i)&nbsp;the Annual Bonus
Plan is terminated effective as of immediately prior to, and subject to the occurrence of, the Closing, (ii)&nbsp;no obligations shall exist under the Annual Bonus Plan on or after the Closing (other than the obligation to pay the Closing Year
Annual Bonuses pursuant to this Section&nbsp;6.08(b)) and (iii)&nbsp;any Company Employee who is covered under a severance arrangement of the Company or any Company Subsidiary shall, as a condition of receiving the Closing Year Annual Bonus, execute
a written agreement (in form and substance reasonably acceptable to Parent) that the Closing Year Annual Bonus shall reduce, on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis, any pro rata
annual bonus obligations due for the year of Closing under such severance arrangement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Parent shall, or shall cause the Surviving
Corporation to, give each Company Employee full credit for such Company Employee&#8217;s service with the Company and any Company Subsidiary (and any Affiliates or predecessors thereto) for all purposes, including eligibility, vesting, and
determination of the level of benefits (including, for purposes of vacation and severance, but not for purposes of benefit accruals under defined benefit pension plans or retiree health and welfare plans) under any benefit plans maintained by Parent
or any of its Affiliates (including the Surviving Corporation) in which the Company Employee participates to the same extent recognized by the Company immediately prior to the Closing Date; <U>provided</U>, <U>however</U>, that such service shall
not be recognized to the extent that such recognition would result in a duplication of benefits with respect to the same period of service. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Parent shall, or shall cause the Surviving Corporation to (i)&nbsp;waive any preexisting condition limitations otherwise applicable to
Company Employees and their eligible dependents under </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-54 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
any plan maintained by Parent or any of its Affiliates (including the Surviving Corporation) that provides health benefits in which Company Employees may be eligible to participate following the
Closing, other than any limitations that were in effect with respect to such Company Employees as of the Closing Date under the analogous Company Benefit Plan; (ii)&nbsp;use reasonable best efforts to honor any deductible, <FONT
STYLE="white-space:nowrap">co-payment</FONT> and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> maximums incurred by a Company Employee and his or her eligible dependents under the health plans in which
such Company Employee participated immediately prior to the Closing Date during the portion of the plan year prior to the Closing Date in satisfying any deductibles, <FONT STYLE="white-space:nowrap">co-payments</FONT> or <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> maximums under health plans maintained by Parent or any of its Affiliates (including the Surviving Corporation) in which such Company Employee is eligible to
participate after the Closing Date in the same plan year in which such deductibles, <FONT STYLE="white-space:nowrap">co-payments</FONT> or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> maximums were
incurred; and (iii)&nbsp;waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Company Employee and his or her eligible dependents on or after the Closing Date, in each case to the extent
such Company Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Company Benefit Plan prior to the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Within five (5)&nbsp;Business Days following the date hereof, the Company shall provide Parent with a schedule setting forth, for each
Company RSU and Company PSU, the holder, grant date, number of shares of Common Stock related thereto&nbsp;(and, if applicable, assuming achievement of the applicable performance metrics at the target level), and vesting schedule. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) Notwithstanding anything to the contrary set forth in this Agreement, this <U>Section</U><U></U><U>&nbsp;6.08</U> will not be deemed to:
(i)&nbsp;create any rights to continued employment or service or guarantee employment for any period of time with Parent, the Company or any of their respective Affiliates, or preclude the ability of Parent, Company or any of their respective
Affiliates to terminate the employment or service of any Company Employee or any other Person; (ii)&nbsp;create, terminate, modify, or amend any Company Benefit Plan or any other benefit or compensation plan, program, agreement or arrangement, or
limit the ability of the Parent, the Company or any of their respective Affiliates to amend, modify, or terminate any benefit or compensation plan, program, policy, contract, agreement or arrangement (subject to the other provisions of this
<U>Section</U><U></U><U>&nbsp;6.08</U>); (iii) alter or limit the ability of Parent or the Surviving Corporation or any of their respective Affiliates to amend, modify or terminate any benefit plan, program, agreement or arrangement at any time
assumed, established, sponsored or maintained by any of them; or (iv)&nbsp;create any third-party beneficiary rights in any Company Employee or any other Person (or beneficiary or dependent thereof). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) Prior to making any broad-based, written communication to employees of the Company or any Company Subsidiary pertaining to the treatment
of compensation or benefits in connection with the transactions contemplated by this Agreement or employment with Parent and its Affiliates (including the Surviving Corporation and its Subsidiaries) following the Effective Time, the Company shall
provide Parent with a copy of the intended communication, and Parent shall have a reasonable period of time to review and comment on the communication, and the Company shall give good faith consideration to any comments made by Parent with respect
thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_73"></A>Section&nbsp;6.09 <U>Company Indebtedness</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) In connection with and conditioned upon the Effective Time, Parent shall provide and make available to the Company in immediately
available funds the amount necessary for the Company and the Company Subsidiaries to repay and discharge in full all amounts outstanding or otherwise due and owing under each item of Payoff Indebtedness as of the Effective Time in accordance with
the Payoff Letter relating thereto, including accrued interest thereon and all fees, expenses and other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-55 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
obligations (including premiums, make-whole amounts, penalties or other charges or amounts that become payable thereunder as a result of the prepayment thereunder or the consummation of the
transactions contemplated at the Closing or that may become due and payable at the Effective Time) of the Company or any of its Subsidiaries thereunder (collectively, the &#8220;<U>Debt Payoff Amount</U>&#8221;). Subject to Parent&#8217;s compliance
with the previous sentence, on the Closing Date, the Company shall, solely to the extent payment of the Debt Payoff Amount is not made directly by or on behalf of the Parent in accordance with the terms of the Payoff Letters to the Persons specified
in the relevant Payoff Letter, pay (or shall cause to be paid) the Debt Payoff Amount to the Persons specified in the relevant Payoff Letter.<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>The Company shall, on or prior to the Closing Date,
provide Parent with payoff letters in customary form (collectively, the &#8220;<U>Payoff Letters</U>&#8221;) from the agents on behalf of the financial institutions or other lenders party to each item of Payoff Indebtedness, which Payoff Letter
shall set forth the amount required to satisfy in full all such Payoff Indebtedness of the Company or any of its Subsidiaries under the applicable item of Payoff Indebtedness, together with payoff instructions for making such repayment on the
Closing Date. The Company will use commercially reasonable efforts to furnish drafts of each Payoff Letter to the Parent as least four (4)&nbsp;Business Days prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_74"></A>Section&nbsp;6.10 <U>Parent Financing</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Following delivery of written notice to the Company, Parent and Merger Sub may elect to solicit amendments, waivers or consents (the
&#8220;<U>Debt Consents</U>&#8221;) from the lenders or holders, as applicable, of any Indebtedness of the Company or any Company Subsidiary, at any time on or after the date of this Agreement, in order to (i)&nbsp;permit the consummation of the
transactions contemplated by this Agreement and/or (ii)&nbsp;make other amendments or modifications that are necessary or desirable in connection with the consummation of the transactions contemplated by this Agreement. Any such amendments, waivers
or consents (other than provisions thereof that bind the applicable lenders to provide their consent) shall not become effective prior to the Closing unless the Company provides its prior written consent thereto. In addition, neither the Company nor
any Company Subsidiary shall have any obligation to pay any fees or expenses, or otherwise incur any liability, in connection with the solicitation or effectiveness of any such amendments, waivers or consents, other than any fees or expenses
(i)&nbsp;due only following the Closing or (ii)&nbsp;that are paid for by or on behalf of Parent or for which Parent has provided funding therefor to the Company in advance. Notwithstanding anything to the contrary in this Agreement, nothing in this
<U>Section</U><U></U><U>&nbsp;6.10</U> or any other provision in this Agreement shall obligate the Parent or Merger Sub to take any action with respect to, or restrict the amendment, supplement, modification, replacement or termination of, or
restrict Parent or Merger Sub from taking any action with respect to, any portion of the Debt Financing that, by virtue of Parent or Merger Sub having obtained one or more Debt Consents is no longer required in order for Parent and Merger Sub to pay
the Required Amount. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Each of Parent and Merger Sub shall use, and shall cause its Representatives and controlled Affiliates to use,
reasonable best efforts to take, or cause to be taken, all actions and to use reasonable best efforts to do, or cause to be done, all things necessary, proper or advisable to arrange, obtain and consummate any portion of the Debt Financing (and any
Takeout Financing) that is necessary in order for Parent and Merger Sub to pay the Required Amount, no later than the Closing on the terms and subject only to the conditions set forth in the Debt Commitment Letters as of the date hereof (or, in the
case of a Takeout Financing, the applicable conditions thereto), including executing and delivering all such documents and instruments as may be reasonably required thereunder and using (and causing its controlled Affiliates to use) their respective
reasonable best efforts to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) comply with and maintain in full force and effect the Debt Commitment Letter, negotiate
and enter into definitive financing agreements with respect to the Debt Financing, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-56 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
substantially on the terms and subject only to the conditions set forth in the Debt Commitment Letter, and/or one or more Takeout Financings in lieu thereof (such definitive agreements,
collectively, the &#8220;<U>Financing Agreements</U>&#8221;) (and comply with and maintain in full force and effect the Financing Agreements in accordance with the terms and subject only to the conditions thereof) so that the Financing Agreements
are and remain in full force and effect not later than the Closing; <U>provided</U>, for the avoidance of doubt, that the foregoing shall not be construed to prohibit any amendment, modification, waiver, replacement or termination of the Debt
Commitment Letter, the Debt Financing, any Takeout Financing or any Financing Agreement that is permitted by <U>Section</U><U></U><U>&nbsp;6.10(c)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) satisfy, or cause their respective Representatives to satisfy, on a timely basis (and in any event, no later than the
Closing) all of the terms and conditions of the Debt Financing contemplated by the Debt Commitment Letter, and/or one or more Takeout Financings in lieu thereof, and the related Financing Agreements (including by consummating the Debt Financing
and/or such Takeout Financing, as applicable, and by paying any commitment fees, expenses or other fees or deposits required in connection therewith); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) accept (and comply with) to the fullest extent required by the terms of the Debt Commitment Letter all
&#8220;flex&#8221; provisions contemplated by the Debt Commitment Letter; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iv) enforce its rights under the Debt
Commitment Letter and the Financing Agreements in the event of a material breach (or threatened material breach) by the Debt Financing Sources under the Debt Commitment Letter or the Financing Agreements; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(v) in the event that all applicable conditions precedent have been satisfied and all conditions herein to the Parent&#8217;s
obligation to effect the Closing have been satisfied, consummate the Debt Financing, or one or more Takeout Financings in lieu thereof, no later than the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Notwithstanding the foregoing, it is understood and agreed that the obligations of Parent with respect to the Debt Financing pursuant to this
<U>Section</U><U></U><U>&nbsp;6.10(b)</U> shall be subject to, and shall not be deemed to be breached by, any reduction, including to zero as applicable, of the commitments in respect of the Debt Financing in accordance with the terms of the Debt
Commitment Letter as in effect on the date of this Agreement, as a result of the receipt of net proceeds of any Takeout Financing on or prior to the Closing Date (to the extent permitted hereunder) to the extent such proceeds will be available and
used to fund the Required Amount on the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Each of Parent and Merger Sub shall not, and shall cause its Representatives
and controlled Affiliates not to, agree to or permit any amendment, supplement, modification or replacement of, or grant any waiver of, any condition, remedy or other provision under (i)&nbsp;any Equity Commitment Letter without the prior written
consent of the Company or (ii)&nbsp;any Debt Commitment Letter, any Takeout Financing or any Financing Agreement (if then in effect) without the prior written consent of the Company (not to be unreasonably withheld, delayed or conditioned) if, in
the case of this clause (ii), such amendment, supplement, modification, replacement or waiver could or could reasonably be expected to (A)&nbsp;reduce the aggregate amount of the Debt Financing (including by changing the amount of the fees to be
paid or original issue discount thereof) and/or any Takeout Financing such that the Parent and Merger Sub would not be able to fund the Required Amount (taking into account amounts committed to be provided or provided by the Debt Financing Sources
party thereto under any Takeout Financing or other replacement financing permitted by this <U>Section</U><U></U><U>&nbsp;6.10(c)</U>), (B) impose new or additional conditions to the Debt Financing or any Takeout Financing or otherwise expand, amend
or modify any of the existing conditions or contingencies to the receipt of the Debt Financing or any Takeout Financing, or add, expand, amend or modify any other provisions of, or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-57 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
remedies under, the Debt Commitment Letter as in effect on the date hereof or any Financing Agreement, in each case in a manner that could reasonably be expected to materially delay or prevent
the Closing, (C)&nbsp;prevent, materially delay or make materially less likely the funding of the portion of the Debt Financing, and any Takeout Financings, to be funded at the Closing (or the satisfaction of the conditions thereto) at the Closing
(including by making the satisfaction of the conditions thereto materially less likely to occur) or (D)&nbsp;adversely impact the ability of Parent or Merger Sub to enforce its rights against the other parties to any Debt Commitment Letter or any
Financing Agreement or otherwise to obtain the Debt Financing or any Takeout Financing and consummate the transactions contemplated hereby (other than, for the avoidance of doubt, by virtue of the unavailability of any portion thereof being replaced
in a manner that is otherwise permitted by this sentence); <U>provided</U> that, for the avoidance of doubt, nothing herein shall restrict the operation of any provision of the Debt Commitment Letter that provides for the automatic termination of
the commitments thereunder in connection with Parent or Merger Sub entering into, or obtaining commitments for, any Takeout Financing. Without limiting the foregoing, neither Parent nor Merger Sub shall permit the syndication of equity financing by
the Equity Investors to a third party without the Company&#8217;s prior written consent; <U>provided</U> that the foregoing shall not limit the Equity Investors from entering into &#8220;backleverage financing&#8221; arrangements in connection with
the funds that will be used by the Equity Investors to fund the equity financing. Neither Parent nor Merger Sub shall permit, release or consent to the withdrawal, termination, repudiation or rescission of (i)&nbsp;the Equity Commitment Letter or
(ii)&nbsp;the Debt Commitment Letter, any Takeout Financing in lieu thereof or any Financing Agreement, except in a manner permitted by the first sentence of this <U>Section</U><U></U><U>&nbsp;6.10(c)</U> or by
<U>Section</U><U></U><U>&nbsp;6.10(c)</U>. Upon any permitted amendment, supplement, modification or replacement of, or waiver of, any Equity Commitment Letter in accordance with this <U>Section</U><U></U><U>&nbsp;6.10(c)</U>, Parent and Merger Sub
shall promptly deliver a true and complete copy thereof to the Company and references herein to &#8220;Equity Commitment Letter&#8221; and &#8220;Equity Financing&#8221; shall refer to such terms as hereafter amended, supplemented, replaced or
modified, to the extent such amendment, supplementation, replacement or modification is permitted by this <U>Section 6.10(c)</U>. Upon any permitted amendment, supplement, modification or replacement of, or waiver of, any Debt Commitment Letter with
a replacement commitment in accordance with this <U>Section</U><U></U><U>&nbsp;6.10(c)</U>, Parent and Merger Sub shall (except in the case of ministerial amendments, including any amendment to add additional lenders, arrangers, bookrunners or
agents on substantially the same terms) promptly deliver a true and complete copy thereof to the Company and references herein to &#8220;Debt Commitment Letter&#8221;, &#8220;Debt Financing&#8221;, &#8220;Debt Fee Letter&#8221; and &#8220;Debt
Financing Sources&#8221; shall refer to such terms as hereafter amended, supplemented, replaced or modified, to the extent such amendment, supplementation, replacement or modification is permitted by this <U>Section 6.10(c)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) In the event that prior to the Closing (i)&nbsp;all or any portion of the Debt Financing or any Takeout Financing necessary in order for
Parent and Merger Sub to pay the Required Amount expires, terminates or becomes unavailable or (ii)&nbsp;the Debt Commitment Letter or any Financing Agreement (if then in effect) shall be withdrawn, terminated, repudiated or rescinded, in whole or
in part, for any reason, including, without limitation, at the option of Parent or Merger Sub, and Parent and Merger Sub shall cease to have commitments and access to funds sufficient in order for Parent and Merger Sub to pay the Required Amount,
each of Parent and Merger Sub shall (i)&nbsp;promptly notify the Company in writing and (ii)&nbsp;use its reasonable best efforts to arrange and obtain, as promptly as practicable following the occurrence of such event (and in any event no later
than the Closing), and to negotiate and enter into definitive agreements with respect thereto, alternative financing from the same or alternative financing sources (the &#8220;<U>Alternative Financing</U>&#8221;) in an amount sufficient in order for
Parent and Merger Sub to pay the Required Amount and to consummate the transactions contemplated by this </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-58 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Agreement (or replace any unavailable portion of the Debt Financing), and to obtain a new financing commitment letter (including any related fee letter) with respect to such Alternative Financing
(collectively, the &#8220;<U>New Debt Commitment Letter</U>&#8221;). Any Alternative Financing or New Debt Commitment Letter shall be on terms that comply with the first sentence of <U>Section</U><U></U><U>&nbsp;6.10(c)</U>; <U>provided</U> that in
no event shall Parent or Merger Sub be obligated to agree to any term of any Alternative Financing that would provide for (1)&nbsp;interest rates, fees or similar economic terms that are less favorable, taken as a whole, than those in the Debt
Commitment Letter as of the date hereof, (2)&nbsp;tenor or call protection materially less favorable than that set forth in the Debt Commitment Letter as of the date hereof or (3)&nbsp;other terms that, in the aggregate, are materially less
favorable to Parent or Merger Sub relative to those set forth in the Debt Commitment Letter as of the date hereof. In the event any Alternative Financing is obtained and a New Debt Commitment Letter is entered into in accordance with this
<U>Section</U><U></U><U>&nbsp;6.10(c)</U>, Parent and Merger Sub shall promptly deliver a copy thereof to the Company (it being understood that any fee letters related thereto may be redacted in the same manner as the fee letter delivered on or
prior to the date of this Agreement) and references herein to (A) &#8220;Debt Commitment Letter&#8221; shall be deemed to include any New Debt Commitment Letter to the extent then in effect and &#8220;Debt Fee Letter&#8221; shall be deemed to
include the related fee letter, and (B) &#8220;Debt Financing&#8221; shall include and mean the debt financing contemplated by the Debt Commitment Letter as modified pursuant to the preceding clause (A). Parent and Merger Sub shall be subject to the
same obligations with respect to any Alternative Financing as set forth in this Agreement with respect to the Debt Financing. It is understood and agreed that reduction of commitments in respect of the Debt Financing as a result of Parent obtaining
any Takeout Financing permitted hereunder that will be used to fund the Required Amount on the Closing Date shall not be deemed to constitute an unavailability of any portion of the Debt Financing for purposes of this
<U>Section</U><U></U><U>&nbsp;6.10(d)</U> so long as the (x)&nbsp;net proceeds of such Takeout Financing are to be made available to fund the Required Amount on the Closing Date, (y)&nbsp;either the Takeout Financing does not reduce the commitments
in respect of the Debt Financing or the conditions to availability of such Takeout Financing at the Closing, if any, are not more onerous or restrictive than those in the Debt Commitment Letter as of the date hereof and (z)&nbsp;such Takeout
Financing could not reasonably be expected to delay the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Each of Parent and Merger Sub shall (i)&nbsp;give the Company prompt
written notice of (A)&nbsp;any material default or breach or threatened material default or breach (or any event or circumstance that, with or without notice, lapse of time or both, could reasonably be expected to give rise to any material default
or breach) by Parent, Merger Sub or any other party to any Commitment Letter or Financing Agreement of which Parent, Merger Sub or any of its controlled Affiliates or their respective Representatives becomes aware, (B)&nbsp;any withdrawal,
termination (including termination of any commitments), repudiation or rescission or threatened withdrawal, termination (including termination of any commitments), repudiation or rescission of any Commitment Letter or Financing Agreement of which
Parent or Merger Sub becomes aware, (C)&nbsp;each material dispute or material disagreement between or among any parties to any Commitment Letter or Financing Agreement (<U>provided</U> that ordinary course negotiations shall not require notice
pursuant to this clause (C)), and (D)&nbsp;any event or circumstance that makes a condition precedent relating to the Financing unable to be satisfied by any party, (ii)&nbsp;notify the Company promptly if for any reason Parent or Merger Sub no
longer believes in good faith that it will be able to obtain all or any portion of the Financing contemplated by the Commitment Letters and the Financing Agreements that is necessary in order for Parent and Merger Sub to pay the Required Amount on
the terms and conditions, in the manner or from the sources, contemplated by the Commitment Letters, and (iii)&nbsp;upon the reasonable request of the Company, otherwise keep the Company reasonably informed in reasonable detail of the status of its
efforts to arrange the Financing (including any Alternative Financing); <U>provided</U> that in no event shall </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-59 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Parent be under any obligation to disclose any information that would waive the protection of <FONT STYLE="white-space:nowrap">attorney-client</FONT> or other legal privilege; <U>provided
</U>further that Parent shall notify the Company that such information is being withheld and shall use commercially reasonable efforts to provide such information in a manner that would not waive such privilege. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) Each of Parent and Merger Sub acknowledges and agrees that the notwithstanding anything to the contrary set forth herein, neither the
terms, availability of nor obtaining of the Debt Financing or any alternative financing (including any Alternative Financing) is a condition to the Closing or the consummation of the transactions contemplated hereby, and reaffirms its obligation to
consummate the transactions contemplated by this Agreement irrespective and independently of the availability of the Debt Financing or any alternative financing (including the Alternative Financing) on the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_75"></A>Section&nbsp;6.11 <U>Parent Financing Cooperation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Subject to <U>Sections </U><U>6.11(b)</U> through <U>6.11(f)</U>, from and after the date of this Agreement, and through the earlier of
the Closing and the date on which this Agreement is terminated in accordance with <U>Article VIII</U>, if reasonably requested by Parent, the Company shall use, and shall instruct its Representatives and cause the Company Subsidiaries to use,
reasonable best efforts to provide customary cooperation to Parent and Merger Sub in the arrangement of the Debt Financing (including any Alternative Financing) or any Takeout Financing, and in the solicitation of any Debt Consents, including: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) providing the Required Information and such other reasonably available financial and other pertinent information regarding
the Company and the Company Subsidiaries, in each case, as is reasonably required for use in usual and customary marketing and offering documents and to enable Parent to prepare pro forma financial statements required by SEC rules or Parent&#8217;s
financing sources (it being understood that the Parent, and not the Company, any of its Representatives or the Company Subsidiaries, is responsible for the preparation of such marketing, offering documents and pro forma financial statements); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) at reasonable and mutually agreed times and locations (it being understood that any such meetings shall be limited to
video conference or web conference), and upon reasonable advance notice, participating (and causing senior management and appropriate representatives of the Company to participate) in a reasonable number of meetings, calls, presentations, road
shows, lender presentations, due diligence sessions at mutually agreed upon times (including accounting due diligence sessions) and sessions with rating agencies, and assisting Parent in obtaining ratings in connection therewith, including direct
contact between appropriate members of senior management of the Company, on the one hand, and the actual and potential financing sources, on the other hand; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) assisting with the preparation and negotiation of appropriate and customary documentation, marketing materials,
presentations (including, for the avoidance of doubt, customary rating agency presentations) and definitive documents to be entered into and reasonably required in connection with the Debt Financing, any Takeout Financing or any Debt Consent
(including assistance in the preparation of one or more bank information memoranda and the delivery of a customary authorization letter, including a <FONT STYLE="white-space:nowrap">&#8220;10b-5&#8221;</FONT> representation consistent with the Debt
Commitment Letter) (<U>provided</U> that such customary authorization letters (or the bank information memoranda in which such letters are included) shall include customary language that exculpates the Company, each of its Subsidiaries and their
respective Representatives and Affiliates from any liability in connection with the unauthorized use by the recipients thereof of the information set forth in any such bank information memoranda or similar memoranda or report distributed in
connection therewith); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-60 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iv) causing its independent auditors to (A)&nbsp;provide drafts and
executed versions of customary auditors consents and customary comfort letters with respect to financial information relating to the Company and its Subsidiaries as reasonably requested by Parent and (B)&nbsp;provide assistance in the preparation of
any pro forma financial statements and information (it being understand that the Parent, and not the Company or any of its Representatives and the Company Subsidiaries, is responsible for the preparation of such pro forma financial statements, and
any other pro forma information, including any pro forma adjustments); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(v) taking actions reasonably requested by Parent
to enable Parent to benefit from the Company&#8217;s existing lending relationships in connection with the marketing and syndication of the Debt Financing, any Takeout Financing or any Debt Consent; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(vi) in the event that the Company is in possession of material nonpublic information with respect to the Company and the
Company Subsidiaries that Parent reasonably determines is necessary and customary to include in a &#8220;public side&#8221; offering or marketing document in connection with the Debt Financing or any Takeout Financing, if Parent reasonably requests,
filing a Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> pursuant to the Exchange Act or otherwise making publicly available in accordance with the Company&#8217;s customary practices a communication that contains such material
nonpublic information, <U>provided</U> that prior to the inclusion of such material nonpublic information in any such offering or marketing document, Parent will give the Company a reasonable opportunity to comment on the applicable disclosure; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(vii) taking all corporate, limited liability company, partnership or other similar actions reasonably necessary to permit the
consummation of the Debt Financing, any Takeout Financing or any Debt Consent, including the provisions of guarantees and the pledging of collateral; <U>provided</U> that all such actions shall be effective no earlier than, and conditioned on the
occurrence of, the Closing; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(viii) furnishing Parent and any financing sources promptly, and in any event, at least
three (3)&nbsp;Business Days prior to the Closing Date, with all documentation and other information that Parent has requested in writing at least ten (10)&nbsp;Business Days prior to the Closing Date that Parent or such financing sources have
reasonably determined is required by regulatory authorities under applicable &#8220;know your customer&#8221; and anti-money laundering rules and regulations, including the USA PATRIOT Act (Title III of Pub. L.
<FONT STYLE="white-space:nowrap">107-56</FONT> (signed into law October&nbsp;26, 2001)) and the Customer Due Diligence Requirement for Financial Institutions issued by the U.S. Department of Treasury Financial Crimes Enforcement Network under the
Bank Secrecy Act (such rule published May&nbsp;11, 2016 and effective May&nbsp;11, 2018, as amended from time to time) in each case, to the extent reasonably available to the Company and the Company Subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ix) Notwithstanding the foregoing, the Company shall only be required to provide audited financial statements for the three
(3)&nbsp;fiscal years preceding the commencement of the marketing of any Debt Financing or Takeout Financing and unaudited financial statements for any subsequent fiscal quarter (it being understood and agreed that the availability of the
Company&#8217;s financial statements on the SEC&#8217;s EDGAR system shall satisfy such requirement and the Company shall not be required to provide any financial statements prior to the end of the applicable deadline to file such financial
statements with the SEC with the Company&#8217;s annual and quarterly reports) and the Company shall not be required to provide any standalone financial statements of any Subsidiary, except to the extent such financial statements are prepared by the
Company in the ordinary course. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-61 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Notwithstanding anything in this <U>Section</U><U></U><U>&nbsp;6.11</U> to the
contrary, in no event shall the Company be required in connection with its obligations under this Section&nbsp;6.11 to (i)&nbsp;incur or agree to incur any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT>
expenses unless they are promptly reimbursed by Parent, (ii)&nbsp;incur or agree to incur any commitment, tender, consent, amendment fee or any fee similar to any of the foregoing that would be required to be paid by the Company or any of its
Subsidiaries on or prior to the Closing unless Parent provides the funding to the Company therefor in advance, (iii)&nbsp;except as expressly contemplated by Section&nbsp;6.11(a), incur any potential or actual liability or provide any indemnities in
connection therewith or provide any representations, warranties, covenants or indemnities in connection with the Debt Consents (other than limited and customary representations) or the Debt Financing prior to the Closing Date, (iv)&nbsp;take any
actions that would unreasonably interfere with or unreasonably disrupt the normal operations and management of the Company and the Company Subsidiaries or create an unreasonable risk of damage or destruction to any property or assets of the Company
or its Subsidiaries, (v)&nbsp;take any actions that the Company reasonably believes (A)&nbsp;violate its or the Company Subsidiaries&#8217; Organizational Documents, (B)&nbsp;violate any applicable Law, (C)&nbsp;constitute a default or violation
under, or give rise to any default, right of termination, cancellation or acceleration of any right or obligation of the Company or the Company Subsidiaries or to a loss of any benefit to which the Company or the Company Subsidiaries is entitled
under any provision of, any Material Contract, or (D)&nbsp;result in the creation or imposition of any Lien on any asset of the Company or the Company Subsidiaries prior to the Closing Dates, (vi)&nbsp;waive or amend any terms of this Agreement,
(vii)&nbsp;take any action that could reasonably be expected to cause any representation or warranty or covenant contained in this Agreement to be breached by the Company or to cause any condition to the Closing set forth in Article VII that
operates for the benefit of the Parent and Merger Sub to fail to be satisfied or otherwise cause any breach of this Agreement by the Company, (viii)&nbsp;provide access to or disclose information which is prohibited or restricted under applicable
Law or any binding Material Contract with a third party or is legally privileged or consists of attorney work product or could reasonably be expected to result in the loss of any attorney-client privilege (<U>provided</U> that the Company will
inform the Parent that information is being withheld on this basis and use efforts to disclose such information to the extent permitted by Law, such Material Contract or without compromising such privilege), (ix) fund any repayment, repurchase or
redemption prior to the Closing, (x)&nbsp;result in any of the Company&#8217;s or any of the Company Subsidiaries&#8217; Representatives incurring any personal liability, (xi)&nbsp;execute, deliver or enter into, or perform any agreement,
commitment, document or instrument, including any Financing Agreement, other than those agreements, commitments, documents or instruments that are executed or delivered, as applicable, by Persons who will continue as officers of the Surviving
Corporation or its Subsidiaries after the Closing and are subject to and contingent upon, and would not be effective prior to, the Closing (other than in the case of Debt Consents (not to be effective prior to the Closing), Payoff Letters, notices
of prepayment or redemption and authorization letters), (xii) be responsible for preparing any financial statements or other financial data, including any pro forma financial statements, other than as expressly required pursuant to
<U>Section</U><U></U><U>&nbsp;6.11(a)</U>, (xiii) adopt any resolutions, execute any consents or otherwise take any corporate or similar action other than any resolutions or consents by Persons who will continue as directors or managers, as
applicable, of the Surviving Corporation or its Subsidiaries after the Closing that are subject to and contingent upon, and would not be effective prior to, the Closing, (xiv)&nbsp;provide or cause its legal counsel to provide any legal opinions or
any reliance letter or certificate (excluding customary certificates of the Company&#8217;s chief financial officer or similar officer with respect to financial information relating to the Company and its Subsidiaries included in any offering or
marketing document as reasonably requested by Parent), or (xv)&nbsp;deliver or cause the delivery of any certificate as to solvency in connection with the Debt Financing or any Takeout Financing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-62 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) Parent shall be solely responsible for the contents (other than historical information
of the Company and the Company Subsidiaries) and determination of pro forma financial information, including pro forma cost savings, synergies, capitalization or other pro forma adjustments desired to be incorporated into any pro forma financial
information. Any offering materials, presentations, bank information memoranda and other documents prepared by or on behalf of or utilized by Parent, Merger Sub or the Debt Financing Sources, in connection with the Parent&#8217;s or Merger
Sub&#8217;s financing activities in connection with the transactions contemplated hereby, which include any information provided by the Company or any of its Affiliates or Representatives, including any offering memorandum, banker&#8217;s book,
prospectus or similar document used, or any other written offering materials used, in connection with any Debt Financing or Takeout Financing, shall include a conspicuous and customary disclaimer to the effect that none of the Company or any of its
Subsidiaries or any of their respective Representatives have any responsibility for the content of such document and disclaim all responsibility therefor; <U>provided</U> that this sentence shall not limit the Company&#8217;s obligation to furnish a
customary authorization letter. Notwithstanding anything herein or in the Confidentiality Agreement to the contrary, each of Parent and Merger Sub shall be permitted to disclose information provided by or on behalf of the Company pursuant to this
<U>Section</U><U></U><U>&nbsp;6.11</U> to the Debt Financing Sources, rating agencies and prospective lenders and investors during syndication of the Debt Financing (or any Takeout Financing) subject to such ratings agencies and prospective lenders
and investors entering into customary confidentiality undertakings with respect to such information (including through a notice and undertaking in a form customarily used in confidential information memoranda for senior credit facilities or debt
securities offerings). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) Parent shall promptly, upon written request by the Company, and in the case of all costs and expenses other
than extraordinary costs and expenses, no earlier than the earlier of the Closing Date and the date of termination of this Agreement, reimburse the Company and any of its Affiliates and their respective Representatives for any and all reasonable and
documented <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> costs and expenses (including reasonable and documented attorneys&#8217; and accountants&#8217; fees) incurred by any of them in connection with
the cooperation required pursuant to this <U>Section</U><U></U><U>&nbsp;6.11</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) Parent shall indemnify and hold harmless the
Company, its Subsidiaries and their respective Representatives from and against any and all claims, losses, liabilities, damages, Judgments, inquiries, fines and fees, costs and expenses, including reasonable attorneys&#8217; fees and disbursements,
incurred in connection with any claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (including with respect to matters existing or occurring at or prior to the Effective Time (including this Agreement and the
transactions and actions contemplated hereby)) arising out of or pertaining to the Company&#8217;s, its Subsidiaries&#8217; or their respective Representatives&#8217; obligations under this <U>Section</U><U></U><U>&nbsp;6.11</U>, the Debt Consents,
the Debt Financing or any Takeout Financing or any information used in connection with the Debt Financing, the Debt Consents, or any Takeout Financing and any action taken by any of them at the request of Parent, Merger Sub or any Debt Financing
Sources pursuant to this <U>Section</U><U></U><U>&nbsp;6.11</U> or otherwise in accordance with this <U>Section</U><U></U><U>&nbsp;6.11</U>, except, in each case, to the extent such claims, losses, liabilities, damages, Judgments, inquiries, fines
and fees, costs and expenses, including attorneys&#8217; fees and disbursements, arose from (i)&nbsp;the fraud, gross negligence or bad faith by of the Company, its Subsidiaries or any of their respective Representatives, as determined in a final, <FONT
STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction, (ii)&nbsp;a material breach of this <U>Section</U><U></U><U>&nbsp;6.11</U> by the Company or (iii)&nbsp;materially inaccurate information furnished by
the Company, any Subsidiary or any of their respective Representatives for use in connection with the Debt Financing, any Takeout Financing or any Debt Consent, the inaccuracy of which, in each case, was the primary cause of such claims, losses,
liabilities, damages, Judgments, inquiries, fines and fees, costs and expenses. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-63 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) Notwithstanding anything herein to the contrary, each of Parent and Merger Sub
acknowledges and agrees that a breach of this <U>Section</U><U></U><U>&nbsp;6.11</U> shall only constitute a material breach of the Company for purposes of <U>Section</U><U></U><U>&nbsp;7.03(b)</U> if (i)&nbsp;such breach is a material breach,
(ii)&nbsp;Parent has provided the Company with written notice of such material breach (with reasonable specificity as to the basis for such breach and detailing in good faith reasonable steps that the Company could take to comply with this
<U>Section</U><U></U><U>&nbsp;6.11</U> in order to cure such breach) and the Company has failed to cure such breach prior to the Closing, and (iii)&nbsp;such breach is the direct and primary cause of the Debt Financing or any Takeout Financing not
being consummated or available on the Closing Date or any condition to effectiveness of any Debt Consent not being satisfied on the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) The Company hereby consents, on behalf of itself and its Subsidiaries, to the use of the Company&#8217;s and its Subsidiaries&#8217; logos
in connection with the Debt Financing, any Takeout Financing or any Debt Consent; <U>provided</U> that such logos are used in a manner that is not intended, nor reasonably likely, to harm or disparage the Company&#8217;s or its Subsidiaries&#8217;
reputation or goodwill. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(h) In connection with the Debt Financing and/or the Takeout Financing, the Company agrees to furnish to the
Parent each item of Required Information promptly, and in any event by no later than the date required by clause (a)(ii) or (b)(ii), as the case may be, of the definition of &#8220;Required Information&#8221;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_76"></A>Section&nbsp;6.12 <U>Company Interim Financing Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) Parent and Merger Sub, on the one hand, and the Company, on the other, will each keep the other reasonably informed in reasonable detail
and in a timely fashion of any actual or proposed Takeout Financing or Permitted Company Interim Financing, as applicable, and will coordinate and cooperate with one another with a view to achieving the orderly, efficient and successful execution of
any such financing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) The Company will provide Parent and Merger Sub no less than 20 Business Days&#8217; prior written notice of any
proposed marketing or issuance of a Permitted Company Interim Financing. No marketing or issuance of any Permitted Company Interim Financing may be commenced without the prior written consent of the Parent, which consent shall be subject to the
Parent&#8217;s Permitted Discretion. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) The Company shall use, and shall instruct its Representatives and cause the Company Subsidiaries
to use, reasonable best efforts to provide cooperation to Parent and Merger Sub in the arrangement and execution of a Qualified Bond by Parent or Merger Sub, including (without limitation), by providing the Parent and Merger Sub with substantially
the same cooperation for the Qualified Bond as set forth in <U>Section</U><U></U><U>&nbsp;6.11(a)</U> with respect to the Debt Financing and Takeout Financing (provided that any references therein to the &#8220;Closing&#8221; or &#8220;Closing
Date&#8221; shall refer to the closing date of any Qualified Bond issuance), entering into an indemnity and expense agreement that provides for a reasonable and fair allocation of risks and offering expenses and by executing the documents or
instruments necessary to guarantee and/or assume such Qualified Bond in the manner contemplated by the definition thereof (including, without limitation, the indenture and other definitive documentation). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) The underwriters, initial purchasers, placement agents, managers and/or bookrunners in respect of any Permitted Company Bond Financing
shall be the Debt Financing Sources party to the Debt Commitment Letter (and/or their designated affiliates) or such other Persons designated by the Parent, in each case after consultation with the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) The Company shall not commence any marketing efforts with respect to any debt financing other than a debt financing that would be
permitted by <U>Section</U><U></U><U>&nbsp;5.01(i)</U> and such marketing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-64 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
efforts shall commence no earlier than (i)&nbsp;in the case of a Permitted Company Term Loan Financing, the date that is 195 days after the date of this Agreement and (ii)&nbsp;in the case of a
Permitted Company Bond Financing, the date that is ten (10)&nbsp;
days prior to the incurrence of the Permitted Company Bond Financing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_77"></A>Section&nbsp;6.13 <U>Orderbook</U><U>
Cooperation</U>. From and after the date of this Agreement, and through the earlier of the Closing and the date on which this Agreement is terminated in accordance with <U>Article VIII</U>, the Company shall provide commercially reasonable
cooperation to Parent and Merger Sub to facilitate the transfer of the Orderbook to SMBC AC effective immediately following the Closing (the &#8220;<U>Orderbook</U><U> Transfer</U>&#8221;), including by using its reasonable best efforts to
(a)&nbsp;provide to Parent, as of 10 Business Days prior to the Closing (or such other date as may be mutually agreed), a schedule setting forth, with respect to each Undelivered Orderbook Aircraft as of such date, (i)&nbsp;the Orderbook Contract
relating to such Undelivered Orderbook Aircraft, (ii)&nbsp;the Orderbook Lease applicable to such Undelivered Orderbook Aircraft, if any (a copy of which shall be made available to Parent), and (iii)&nbsp;the total amount of PDPs paid to the
applicable OEM under the applicable Orderbook Contract as of the most recent date for such information is available to the Company, (b)&nbsp;obtain such consents from the applicable original equipment manufacturers (&#8220;<U>OEMs</U>&#8221;) as may
be required in connection with the Orderbook Transfer and the other transactions contemplated by this Agreement and (c)&nbsp;enter into the required documentation in order to novate or otherwise transfer the applicable Orderbook Contracts to SMBC AC
or its designated Affiliate effective upon the Closing and on terms and conditions reasonably acceptable to Parent. In connection with obtaining the consent of the OEMs to the Orderbook Transfer, the Company shall not agree to pay any consent fee or
grant any accommodation to any OEM or any other party (including the amendment of any terms of the Orderbook Contracts) except with Parent&#8217;s prior written consent. If directed to do so by Parent, the Company shall agree to pay any consent fee
and shall grant any accommodation to any OEM in order to obtain the consent of the OEMs required for the novation or other transfer of the applicable Orderbook Contract; <U>provided</U> that, notwithstanding anything in this
<U>Section</U><U></U><U>&nbsp;6.13</U> to the contrary, in no event shall the Company be required in connection with its obligations under this <U>Section</U><U></U><U>&nbsp;6.13</U> to (a)&nbsp;pay any consideration or agree to any commitments to
any OEM or other third party from whom a consent is requested, other than any such payment or agreement that is subject to and contingent upon, and would not be effective prior to, the Closing, (b)&nbsp;execute, deliver or enter into, or perform any
agreement, commitment, document or instrument, including any novation or transfer instrument, other than those agreements, commitments, documents or instruments that are subject to and contingent upon, and would not be effective prior to, the
Closing, or (c)&nbsp;adopt any resolutions, execute any consents or otherwise take any corporate or similar action, other than in respect of agreements, commitments, documents or instruments that are subject to and contingent upon, and would not be
effective prior to, the Closing. Notwithstanding anything herein to the contrary, each of Parent and Merger Sub acknowledges and agrees that the receipt of consent from any OEM to the novation or transfer of any Orderbook Contracts will not be a
condition to the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_78"></A>Section&nbsp;6.14 <U>Stock Exchange Delisting; Deregistration</U>. Prior to the
Closing Date, the Company will cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions reasonably necessary, proper or advisable under applicable Law and the rules and policies of the NYSE to enable the
delisting by the Surviving Corporation of the Common Stock from the NYSE and the deregistration of the Common Stock under the Exchange Act as promptly as practicable after the Effective Time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-65 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_79"></A>Section&nbsp;6.15 <U>Merger Sub; Parent Subsidiaries</U>. Parent
shall cause each of Merger Sub and any other applicable Affiliate of Parent to comply with and perform all of its obligations under or relating to this Agreement, including in the case of Merger Sub to consummate the Merger on the terms and
conditions set forth in this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_80"></A>ARTICLE VII </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_81"></A>CONDITIONS PRECEDENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_82"></A>Section&nbsp;7.01 <U>Conditions to Each Party</U><U>&#8217;</U><U>s Obligation to Effect the Merger</U>. The
respective obligation of each party to effect the Merger is subject to the satisfaction or, to the extent permitted by Law, waiver at or prior to the Closing of the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Stockholder Approval</U>. The Company Stockholder Approval shall have been obtained. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Regulatory Approvals</U>. (i)&nbsp;Any waiting period (and any extension thereof) applicable to the Merger and the other transactions
contemplated hereby (including the Orderbook Transfer) under the HSR Act shall have been terminated or shall have expired; (ii)&nbsp;the CFIUS Approval shall have been obtained; and (iii)&nbsp;the authorizations, consents, orders or approvals of, or
declarations or filings with, and the expirations or terminations of waiting periods required by, Governmental Entities as set forth in <U>Section</U><U></U><U>&nbsp;7.01(b</U>) of the Company Disclosure Letter shall have been filed, have occurred
or been obtained (all such permits, approvals, filings and consents and the expiration or termination of all such waiting periods described in the foregoing clauses (i)-(iii) being referred to collectively as the &#8220;<U>Required Regulatory
Approvals</U>&#8221;), and all such Required Regulatory Approvals shall be in full force and effect; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>No Legal Restraints</U>. No
applicable Law and no Judgment, preliminary, temporary or permanent, or other legal restraint or prohibition and no binding order or determination by any Governmental Entity (collectively, the &#8220;<U>Legal Restraints</U> &#8221;) shall be in
effect that prevents, makes illegal or prohibits the consummation of the Merger and the other transactions contemplated hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_83"></A>Section&nbsp;7.02 <U>Conditions to Obligations of the Company</U>. The obligations of the Company to consummate the Merger are further subject to the satisfaction or, to the extent permitted by Law, waiver at or prior to the Closing of the
following conditions: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Representations and Warranties</U>. (i)&nbsp;The representations and warranties of Parent and Merger Sub
contained in this Agreement (except for the representations and warranties contained in <U>Sections </U><U>4.01</U> and <U>4.02</U>) shall be true and correct (without giving effect to any limitation as to &#8220;materiality&#8221; or &#8220;Parent
Material Adverse Effect&#8221; set forth therein) at and as of the Closing as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), except where the failure of such
representations and warranties to be true and correct (without giving effect to any limitation as to &#8220;materiality&#8221; or &#8220;Parent Material Adverse Effect&#8221; set forth therein), individually or in the aggregate, has not had and
would not reasonably be expected to have a Parent Material Adverse Effect and (ii)&nbsp;the representations and warranties of Parent and Merger Sub contained in <U>Sections </U><U>4.01</U> and 4.02 shall be true and correct in all material respects
at and as of the Closing as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Performance of Obligations of Parent and Merger Sub</U>. Parent and Merger Sub shall have performed in all material respects all
obligations required to be performed by them under this Agreement at or prior to the Closing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-66 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>Parent Certificate</U>. Parent shall have delivered to the Company a certificate,
dated as of the Closing Date and signed by an authorized officer of Parent, certifying to the effect that the conditions set forth in <U>Sections&nbsp;7.02(a)</U> and <U>7.02(b)</U> have been satisfied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_84"></A>Section&nbsp;7.03 <U>Conditions to Obligations of Parent</U><U> and Merger Sub</U>. The obligations of Parent and
Merger Sub to consummate the Merger are further subject to the satisfaction or, to the extent permitted by Law, waiver at or prior to the Closing of the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) <U>Representations and Warranties</U>. (i)&nbsp;The representations and warranties of the Company contained in this Agreement (except for
the representations and warranties contained in <U>Section</U><U></U><U>&nbsp;3.01</U>, <U>Section</U><U></U><U>&nbsp;3.02(a)</U>, <U>Section</U><U></U><U>&nbsp;3.03(a)</U> and <U>Section</U><U></U><U>&nbsp;3.04</U>, the first sentence of
<U>Section</U><U></U><U>&nbsp;3.08,</U> <U>Section</U><U></U><U>&nbsp;3.19(a)</U> and <U>Section</U><U></U><U>&nbsp;3.20</U>) shall be true and correct (without giving effect to any limitation as to &#8220;materiality&#8221; or &#8220;Company
Material Adverse Effect&#8221; set forth therein) at and as of the Closing as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), except where the failure of such
representations and warranties to be true and correct (without giving effect to any limitation as to &#8220;materiality&#8221; or &#8220;Company Material Adverse Effect&#8221; set forth therein), individually or in the aggregate, has not had and
would not reasonably be expected to have a Company Material Adverse Effect, (ii)&nbsp;the representations and warranties of the Company contained in <U>Sections </U><U>3.01</U>, <U>3.02(a)</U>, <U>3.04</U>, <U>3.19(a</U>) and <U>3.20</U> shall be
true and correct in all material respects at and as of the Closing as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), (iii) the representations and warranties of the
Company contained in <U>Section</U><U></U><U>&nbsp;3.03(a)</U> shall be true and correct at and as of the Closing as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date),
except for <I>de minimis</I> inaccuracies, and (iv)&nbsp;the representations and warranties of the Company contained in the first sentence of <U>Section</U><U></U><U>&nbsp;3.08</U> shall be true and correct in all respects at and as of the Closing
as if made at and as of such time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) <U>Performance of Obligations of the Company</U>. The Company shall have performed in all material
respects all obligations required to be performed by it under this Agreement at or prior to the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) <U>Company Certificate</U>.
The Company shall have delivered to Parent a certificate, dated as of the Closing Date and signed by its Chief Executive Officer or Chief Financial Officer, certifying to the effect that the conditions set forth in <U>Sections 7.03(a)</U>,
<U>7.03(b)</U> and <U>7.03(d</U>) have been satisfied. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) <U>No Company Material Adverse Effect</U>. Since the date of this Agreement,
there shall not have occurred any circumstance, occurrence, effect, change, event or development that has had or would reasonably be expected to have a Company Material Adverse Effect. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_85"></A>ARTICLE VIII </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_86"></A>TERMINATION, AMENDMENT AND WAIVER </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_87"></A>Section&nbsp;8.01 <U>Termination</U>. This Agreement may be terminated at any time prior to the Effective Time
(except with respect to <U>Section</U><U></U><U>&nbsp;8.01(d</U>) and <U>Section</U><U></U><U>&nbsp;8.01(f</U>), whether before or after receipt of the Company Stockholder Approval): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) by mutual written consent of the Company and Parent; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) by either the Company or Parent: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) if the Merger is not consummated on or before June&nbsp;1, 2026 (the &#8220;<U>End Date</U>&#8221;); <U>provided</U> that
if, on the End Date, all of the conditions set forth in <U>Article VII</U>, other than the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-67 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
conditions set forth in <U>Section</U><U></U><U>&nbsp;7.01(b</U>) or <U>Section</U><U></U><U>&nbsp;7.01(c)</U> (to the extent any such Legal Restraint is in respect of the HSR Act or any Required
Regulatory Approval) and those conditions that by their nature are to be on the Closing Date (if such conditions would be satisfied or validly waived were the Closing Date to occur at such time), shall have been satisfied or waived, then the End
Date shall automatically be extended for all purposes hereunder to September&nbsp;1, 2026 (in which case, such date shall become the End Date for all purposes of this Agreement) (&#8220;Second End Date&#8221;); <U>provided</U> further that if, on
the Second End Date, all of the conditions set forth in <U>Article VII</U>, other than the conditions set forth in <U>Section</U><U></U><U>&nbsp;7.01(b</U>) or <U>Section</U><U></U><U>&nbsp;7.01(c)</U> (to the extent any such Legal Restraint is in
respect of the HSR Act or any Required Regulatory Approval) and those conditions that by their nature are to be on the Closing Date (if such conditions would be satisfied or validly waived were the Closing Date to occur at such time), shall have
been satisfied or waived, then the End Date shall automatically be extended for all purposes hereunder to December&nbsp;1, 2026 (in which case, such date shall become the End Date for all purposes of this Agreement); <U>provided</U>, <U>further</U>,
that the right to terminate this Agreement under this <U>Section</U><U></U><U>&nbsp;8.01(b)(i)</U> shall not be available to any party whose breach of any provision of this Agreement directly or indirectly causes the failure of the Closing to be
consummated by the End Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) if the condition set forth in <U>Section</U><U></U><U>&nbsp;7.01(c)</U> is not
satisfied and the Legal Restraint giving rise to such <FONT STYLE="white-space:nowrap">non-satisfaction</FONT> shall have become final and <FONT STYLE="white-space:nowrap">non-appealable;</FONT> <U>provided</U> that the terminating party shall have
complied with its obligations pursuant to <U>Section</U><U></U><U>&nbsp;6.03</U>; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(iii) if the Company Stockholder
Approval shall not have been obtained at a duly convened Company Stockholder Meeting or any adjournment or postponement thereof at which a vote on the Merger was taken; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) by the Company, if Parent or Merger Sub has breached any representation, warranty, covenant or agreement contained in this Agreement, or
if any representation or warranty of Parent or Merger Sub has become untrue, in each case, such that the conditions set forth in <U>Section</U><U></U><U>&nbsp;7.02(a)</U> or <U>Section</U><U></U><U>&nbsp;7.02(b)</U>, as the case may be, could not be
satisfied as of the Closing Date; <U>provided</U>, <U>however</U>, that the Company may not terminate this Agreement pursuant to this <U>Section</U><U></U><U>&nbsp;8.01(c)</U> unless any such breach or failure to be true, if capable of being cured,
has not been cured by the earlier of (i)&nbsp;sixty (60) days after written notice by the Company to Parent informing Parent of such breach or failure to be true and (ii)&nbsp;the End Date; and <U>provided</U>, <U>further</U>, that the Company may
not terminate this Agreement pursuant to this <U>Section</U><U></U><U>&nbsp;8.01(c)</U> if the Company is then in breach of this Agreement in any material respect; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(d) by the Company prior to receipt of the Company Stockholder Approval, in order to enter into a definitive written agreement providing for a
Superior Proposal in accordance with <U>Section</U><U></U><U>&nbsp;5.04(d)</U>; <U>provided</U> that the Company pays the Termination Fee prior to or simultaneously with such termination (it being understood that the Company may enter into such
definitive written agreement simultaneously with such termination of this Agreement); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(e) by Parent, if the Company has breached any
representation, warranty, covenant or agreement contained in this Agreement, or if any representation or warranty of the Company has become untrue, in each case, such that the conditions set forth in <U>Section</U><U></U><U>&nbsp;7.03(a)</U> or
<U>Section</U><U></U><U>&nbsp;7.03(b)</U>, as the case may be, could not be satisfied as of the Closing Date; <U>provided</U>, <U>however</U>, that Parent may not terminate this Agreement pursuant to this <U>Section</U><U></U><U>&nbsp;8.01(e)</U>
unless any such breach or failure to be true, if capable of being cured, has not been cured by the earlier of (i)&nbsp;sixty (60) days after written notice by Parent to the Company informing the Company of such breach or failure to be true and
(ii)&nbsp;the End </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-68 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Date; and <U>provided</U>, <U>further</U>, that Parent may not terminate this Agreement pursuant to this <U>Section</U><U></U><U>&nbsp;8.01(e)</U> if Parent or Merger Sub is then in breach of
this Agreement in any material respect; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(f) by Parent prior to the Company Stockholder Meeting, in the event that an Adverse
Recommendation Change shall have occurred; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(g) by the Company, if (i)&nbsp;all of the conditions set forth in
<U>Section</U><U></U><U>&nbsp;7.01 </U>and <U>Section</U><U></U><U>&nbsp;7.03</U> have been satisfied or waived (other than those conditions which by their terms are to be satisfied by the delivery of documents or taking of any other action at the
Closing by any party, but subject to the satisfaction (or waiver) of such conditions at the Closing), (ii) Parent fails to consummate the transactions contemplated by this Agreement on the date which the Closing should have occurred pursuant to
<U>Section</U><U></U>&nbsp;1.02, (iii)&nbsp;the Company has notified Parent in writing that the Company is ready, willing and able to effect the Closing (subject to the satisfaction of all of the conditions set forth in
<U>Section</U><U></U><U>&nbsp;7.01</U> and <U>Section</U><U></U><U>&nbsp;7.03</U>), and (iv)&nbsp;Parent fails to consummate the Closing within ten (10)&nbsp;Business Days after the delivery of the notice described in the immediately preceding
clause (iii). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_88"></A>Section&nbsp;8.02 <U>Effect of Termination</U>. In the event of termination of this Agreement by
either Parent or the Company as provided in <U>Section</U><U></U><U>&nbsp;8.01</U>, this Agreement shall forthwith become void and have no effect, without any liability or obligation on the part of the Company, Parent or Merger Sub, other than the
final sentence of <U>Section</U><U></U><U>&nbsp;6.02</U>, this <U>Section</U><U></U><U>&nbsp;8.02</U>, <U>Section</U><U></U><U>&nbsp;8.03</U> and <U>Article IX</U>, which provisions shall survive such termination; <U>provided</U>, <U>however</U>,
that, except as provided in <U>Section</U><U></U>&nbsp;8.03, no such termination shall relieve any party from any liability or damages for any willful breach of this Agreement. For purposes of this Agreement, it is acknowledged and agreed, without
limitation, that any failure by any party to consummate the Merger and the other transactions contemplated hereby after the applicable conditions thereto have been satisfied or waived (other than those conditions that by their nature are to be
satisfied at the Closing, which conditions would be capable of being satisfied at such time) shall constitute a willful breach of this Agreement. Parent and Merger Sub acknowledge and agree that, without in any way limiting the Company&#8217;s
rights under <U>Section</U><U></U><U>&nbsp;9.11</U>, recoverable damages of the Company hereunder shall not be limited to reimbursement of expenses or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT>
costs, and may include the benefit of the bargain lost by the stockholders of the Company (including &#8220;lost premium&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_89"></A>Section&nbsp;8.03 <U>Fees and Expenses</U>. Except as specifically provided for herein, all fees and expenses incurred in connection with the Merger and the other transactions contemplated by this Agreement shall be paid by the party incurring
such fees or expenses, whether or not such transactions are consummated. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) The Company shall pay to Parent a fee of $225,000,000 (the
&#8220;<U>Termination Fee</U>&#8221;) if: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(i) the Company terminates this Agreement pursuant to
<U>Section</U><U></U><U>&nbsp;8.01(d)</U> or Parent terminates this Agreement pursuant to <U>Section</U><U></U><U>&nbsp;8.01(f)</U>; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; text-indent:10%; font-size:11pt; font-family:Times New Roman">(ii) (A) after the date hereof, an Alternative Proposal shall have been made by a third party to the Company and not publicly
withdrawn prior to the Company Stockholder Meeting or shall have been made directly to the Company&#8217;s stockholders generally by a third party and not publicly withdrawn prior to the Company Stockholder Meeting (in the case of termination
pursuant to <U>Section</U><U></U><U>&nbsp;8.01(b)(iii)</U>) or prior to the termination of this Agreement (in the case of termination pursuant to <U>Section</U><U></U><U>&nbsp;8.01(b)(</U><U>i</U><U>)</U> or <U>8.01(e</U>)); (B) thereafter this
Agreement is terminated pursuant to <U>Section</U><U></U><U>&nbsp;8.01(b)(</U><U>i</U><U>)</U>, <U>8.01(b)(iii)</U> or <U>8.01(e</U>); and (C)&nbsp;within twelve (12)&nbsp;months of such termination, the Company enters into a definitive Contract to
consummate an Alternative Proposal or consummates an Alternative Proposal (whether or not the same Alternative Proposal made </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-69 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">
prior to the Company Stockholder Meeting or termination of this Agreement, as applicable); <U>provided</U>, <U>however</U>, that for purposes of this
<U>Section</U><U></U><U>&nbsp;8.03(a)(ii)</U>, the references to twenty percent (20%) in the definition of &#8220;Alternative Proposal&#8221; shall be deemed to be references to fifty point one percent (50.1%). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Any Termination Fee due under this <U>Section</U><U></U><U>&nbsp;8.03(a)</U> shall be paid by wire transfer of
<FONT STYLE="white-space:nowrap">same-day</FONT> funds (x)&nbsp;in the case of clause (i)&nbsp;above, on the Business Day immediately following the date of termination of this Agreement (or simultaneously with such termination, in the case of
termination pursuant to <U>Section</U><U></U><U>&nbsp;8.01(d)</U>) and (y)&nbsp;in the case of clause (ii)&nbsp;above, on the date of consummation as referred to in clause (ii)(C) above. If the Company fails to timely pay any amount due pursuant to
this <U>Section</U><U></U><U>&nbsp;8.03(a)</U>, and, in order to obtain the payment, Parent commences a legal proceeding to recover such amount which results in a judgment or other award against the Company, the Company shall pay Parent an
additional amount equal to Parent&#8217;s costs and expenses (including reasonable attorneys&#8217; fees) incurred in connection with such legal proceeding, together with interest on the amount due under this <U>Section</U><U></U><U>&nbsp;8.03</U>
at the prime rate as published in <I>The Wall Street Journal </I>in effect on the date such payment was required to be made, from such date through the date such payment is actually received by Parent (&#8220;<U>Termination Fee Recovery
Expenses</U>&#8221;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(b) Parent shall pay to the Company a fee of $350,000,000 (the &#8220;<U>Parent Regulatory Termination
Fee</U>&#8221;) if either Parent or the Company terminates this Agreement pursuant to (x)<U>&nbsp;Section</U><U></U><U>&nbsp;8.01(b)(ii)</U> and the applicable Legal Restraint giving rise to such termination right results from a failure to obtain a
Required Regulatory Approval or (y)<U>&nbsp;Section</U><U></U><U>&nbsp;8.01(b)(</U><U>i</U><U>)</U> and, in either case of clause (x)&nbsp;or (y), on the termination date the only conditions to Closing set forth in Article VII that have not been
satisfied (other than those conditions that by their terms are to be satisfied at the Closing, which conditions would be capable of being satisfied at the Closing if the Closing Date were on the termination date) are the conditions set forth in
<U>Section</U><U></U><U>&nbsp;7.01(b)</U> or <U>Section</U><U></U><U>&nbsp;7.01(c)</U> (but, with respect to <U>Section</U><U></U><U>&nbsp;7.01(c)</U>, only if the applicable Legal Restraint giving rise to such termination right results from a
failure to obtain a Required Regulatory Approval); <U>provided</U> that the Parent Regulatory Termination Fee shall not be payable to the Company if the Company&#8217;s breach of this Agreement was the primary cause of, or primarily resulted in, the
failure of the conditions set forth in <U>Section</U><U></U><U>&nbsp;7.01(b)</U> or <U>Section</U><U></U><U>&nbsp;7.01(c)</U> to be satisfied. Any Parent Regulatory Termination Fee due under this <U>Section</U><U></U><U>&nbsp;8.03(</U><U>b)</U>
shall be paid by wire transfer of <FONT STYLE="white-space:nowrap">same-day</FONT> funds on the Business Day immediately following the date of termination of this Agreement. If the Parent fails to timely pay any amount due pursuant to this
<U>Section</U><U></U><U>&nbsp;8.03(b)</U>, and, in order to obtain the payment, the Company commences a legal proceeding to recover such amount which results in a judgment or other award against the Parent, Parent shall pay the Company an additional
amount equal to the Company&#8217;s costs and expenses (including reasonable attorneys&#8217; fees) incurred in connection with such legal proceeding, together with interest on the amount due under this <U>Section</U><U></U><U>&nbsp;8.03</U> at the
prime rate as published in <I>The Wall Street Journal</I> in effect on the date such payment was required to be made, from such date through the date such payment is actually received by the Company (&#8220;<U>Parent Regulatory Termination Fee
Recovery Expenses</U>&#8221;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(c) The parties acknowledge and agree that (i)&nbsp;the fee and other provisions of this
<U>Section</U><U></U><U>&nbsp;8.03</U> are an integral part of the transactions contemplated by this Agreement, (ii)&nbsp;the Termination Fee and the Parent Regulatory Termination Fee shall constitute liquidated damages and not a penalty and
(iii)&nbsp;without these agreements, the parties would not enter into this Agreement. Without limiting the foregoing, subject in all respects to the Parties&#8217; rights to specific performance pursuant to <U>Section</U><U></U><U>&nbsp;9.11</U>
(subject to the limitations set forth therein) and the reimbursement and indemnification obligations of Parent pursuant to <U>Sections 6.11(d)</U> and <U>6.11(e)</U>, except in the case of fraud or willful breach of this Agreement, (i)&nbsp;upon any
valid termination of this Agreement under </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-70 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
circumstances in which the Termination Fee is payable pursuant to <U>Section</U><U></U><U>&nbsp;8.03(a)</U>, and the Termination Fee (together with any Termination Fee Recovery Expenses) is paid
in full, the receipt by Parent of the Termination Fee (together with any Termination Fee Recovery Expenses) shall be the sole and exclusive remedy (whether in Contract or in tort or otherwise) of the Investor Related Parties against the Company
Related Parties for any loss suffered as a result of the failure of the transactions contemplated hereby to be consummated for any reason or for no reason or for a breach or failure to perform hereunder or otherwise relating to or arising out of
this Agreement or the transactions contemplated hereby (or the termination thereof) and (ii)&nbsp;upon any valid termination of this Agreement under circumstances in which the Parent Regulatory Termination Fee is payable pursuant to
<U>Section</U><U></U><U>&nbsp;8.03(b)</U>, and the Parent Regulatory Termination Fee (together with any Parent Regulatory Termination Fee Recovery Expenses) is paid in full, the receipt by the Company of the Parent Regulatory Termination Fee
(together with any Parent Regulatory Termination Fee Recovery Expenses) shall be the sole and exclusive remedy (whether in Contract or in tort or otherwise) of the Company Related Parties against the Investor Related Parties for any loss suffered as
a result of the failure of the transactions contemplated hereby to be consummated for any reason or for no reason or for a breach or failure to perform hereunder or otherwise relating to or arising out of this Agreement or the transactions
contemplated hereby (or the termination thereof). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_90"></A>Section&nbsp;8.04 <U>Amendment</U>. This Agreement may be
amended by the parties at any time before or after receipt of the Company Stockholder Approval; <U>provided</U>, <U>however</U>, that (i)&nbsp;after receipt of the Company Stockholder Approval, there shall be made no amendment that by Law requires
further approval by the Company&#8217;s stockholders without the further approval of such stockholders, and (ii)&nbsp;except as provided above, no amendment of this Agreement shall be submitted to be approved by the Company&#8217;s stockholders
unless required by Law. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties. Termination of this Agreement prior to the Effective Time shall not require the approval of the stockholders of
Parent, Merger Sub or the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_91"></A>Section&nbsp;8.05 <U>Extension; Waiver</U>. At any time prior to the
Effective Time, the parties may (a)&nbsp;extend the time for the performance of any of the obligations or other acts of the other parties; (b)&nbsp;waive any inaccuracies in the representations and warranties contained in this Agreement or in any
document delivered pursuant to this Agreement; (c)&nbsp;waive compliance with any covenants and agreements contained in this Agreement; or (d)&nbsp;waive the satisfaction of any of the conditions contained in this Agreement; <U>provided</U> that no
extension or waiver by the Company shall require the approval of the Company&#8217;s stockholders unless such approval is required by Law; <U>provided</U>,<I> </I><U>further</U>, that any agreement on the part of a party to any such extension or
other waiver shall be valid only if set forth in an instrument in writing signed on behalf of such waiving party. The failure of any party to this Agreement to assert any of its rights under this Agreement or otherwise shall not constitute a waiver
of such rights. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><A NAME="anxa28474_92"></A>ARTICLE IX </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="anxa28474_93"></A>GENERAL PROVISIONS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_94"></A>Section&nbsp;9.01 <U>Nonsurvival</U><U> of Representations and Warranties</U>. None of the representations and
warranties in this Agreement or in any instrument delivered pursuant to this Agreement shall survive the Effective Time. This <U>Section</U><U></U><U>&nbsp;9.01</U> shall not limit <U>Section</U><U></U><U>&nbsp;8.02</U>,
<U>Section</U><U></U><U>&nbsp;8.03</U> or any covenant or agreement of the parties which by its terms contemplates performance after the Effective Time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-71 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_95"></A>Section&nbsp;9.02 <U>Notices</U>. All notices, requests, claims,
demands and other communications under this Agreement shall be in writing and shall be deemed duly given (a)&nbsp;on the date of delivery if delivered personally; (b)&nbsp;on the date sent if sent by electronic mail (<U>provided</U>, <U>however</U>,
that notice given by email shall not be effective unless either (i)&nbsp;a duplicate copy of such email notice is promptly given by one of the other methods described in this <U>Section</U><U></U><U>&nbsp;9.02</U> or (ii)&nbsp;the receiving party
delivers a written confirmation of receipt of such notice by email or any other method described in this <U>Section</U><U></U><U>&nbsp;9.02</U>); (c)&nbsp;on the first Business Day following the date of dispatch if delivered utilizing a <FONT
STYLE="white-space:nowrap">next-day</FONT> service by a recognized <FONT STYLE="white-space:nowrap">next-day</FONT> courier; or (d)&nbsp;on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by
registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such
notice: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">if to the Company, to: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Air Lease Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">2000
Avenue of the Stars, Ste 1000N </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Los Angeles, CA 90067 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Email:&#8195;&#8194; *** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Attention: Carol Forsyte </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:10%; font-size:11pt; font-family:Times New Roman">with
a copy (which shall not constitute notice) to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">One Manhattan West </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">New York,
New York 10001 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Email: &#8195;&#8194;*** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Attention: Thomas W. Greenberg </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">if to Parent or Merger Sub, to: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Gladiatora Designated Activity Company </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">277 Park Avenue, 15th Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">New York, New York 10172 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Attention: Ichiro Tatara, Makoto Saito, Tomo Maedomari </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Email: &#8195;&#8194;*** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; text-indent:5%; font-size:11pt; font-family:Times New Roman">*** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; text-indent:5%; font-size:11pt; font-family:Times New Roman">*** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:10%; font-size:11pt; font-family:Times New Roman">with a
copy (which shall not constitute notice) to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">450 Lexington Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">New York,
New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Email: &#8195;&#8194;*** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; text-indent:5%; font-size:11pt; font-family:Times New Roman">*** </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; text-indent:5%; font-size:11pt; font-family:Times New Roman">*** </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman">Attention:
William Aaronson, Luigi L. De Ghenghi, Lee Hochbaum </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_96"></A>Section&nbsp;9.03 <U>Definitions</U>. For purposes of this
Agreement: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>ABS <FONT STYLE="white-space:nowrap">E-Notes</FONT></U>&#8221; means the
<FONT STYLE="white-space:nowrap">E-Notes</FONT> issued by any asset-backed security (ABS) special purpose vehicle (SPV) owned or held, directly or indirectly, by the Company or any of its Subsidiaries. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-72 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Affiliate</U>&#8221; of any Person means another Person that directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first Person; <U>provided</U> that in no event shall the Equity Investors or their Affiliates (including for the avoidance of doubt any
portfolio company or investment fund, in either case, affiliated with any of the Equity Investors) be considered to be an Affiliate of Parent or Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aggregate Merger Consideration</U>&#8221; means the aggregate Merger Consideration and Vested RSU Consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aircraft</U>&#8221; means each airframe together with its associated engines and all appliances, parts, accessories, instruments,
navigational and communications equipment, furnishings, modules, components and other items of equipment installed in or furnished therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aircraft Lease</U>&#8221; means, in relation to each Relevant Aircraft, the lease agreement entered into between the relevant
Aircraft Lessor, on the one hand, and the relevant Aircraft Lessee, or any other parties involved in the leasing of the Relevant Aircraft, on the other hand, in respect of such Relevant Aircraft, as amended, restated, modified, assigned, novated or
supplemented from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aircraft Lease Document</U>&#8221; means the Aircraft Lease and any other document pertaining
to the leasing of any Relevant Aircraft entered into between (among others) the relevant Aircraft Lessor, on the one hand, and the relevant Aircraft Lessee, or any other parties involved in the leasing of the Relevant Aircraft, on the other hand.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aircraft Lessee</U>&#8221; means, with respect to any Relevant Aircraft, the lessee counterparty to the applicable Aircraft
Lease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Aircraft Lessor</U>&#8221; means, with respect to any Relevant Aircraft, the lessor counterparty to the applicable
Aircraft Lease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Antitrust Laws</U>&#8221; means the HSR Act, the Sherman Antitrust Act of 1890, as amended, and the rules and
regulations promulgated thereunder, the Clayton Act of 1914, as amended, and the rules and regulations promulgated thereunder, the Federal Trade Commission Act of 1914, as amended, and the rules and regulations promulgated thereunder, and any other
federal, state and <FONT STYLE="white-space:nowrap">non-U.S.</FONT> statutes, rules, regulations, orders, decrees, administrative and judicial doctrines and other Laws that are designed or intended to prohibit, restrict or regulate actions having
the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Business Day</U>&#8221; means any day other than (i)&nbsp;a Saturday or a Sunday or (ii)&nbsp;a day on which banking and savings and
loan institutions are authorized or required by Law to be closed in Los Angeles, California, New York City, Dublin or Tokyo. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Code</U>&#8221; means the United States Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>CFIUS</U>&#8221; means the Committee on Foreign Investment in the United States or any successor entity, and each member agency
thereof acting in such capacity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>CFIUS Approval</U>&#8221; means (a)&nbsp;a written notice shall have been issued by CFIUS to
the effect that the transactions contemplated hereby do not constitute a &#8220;covered transaction&#8221; pursuant to 31 C.F.R. 800.213 and are not subject to review under Section&nbsp;721, (b) a written notice shall have been issued by
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-73 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
CFIUS stating that it has determined that there are no unresolved national security concerns with respect to such transactions contemplated herein and that it has concluded all action under
Section&nbsp;721, or (c)&nbsp;if CFIUS shall have sent a report to the President of the United States (&#8220;<U>President</U>&#8221;) requesting the President&#8217;s decision on the joint voluntary notice submitted by the parties and the President
shall have announced a decision not to suspend or prohibit such transactions pursuant to his authorities under Section&nbsp;721. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company Aircraft</U>&#8221; means each Aircraft as set forth in <U>Section</U><U></U><U>&nbsp;3.23(a)</U> of the Company Disclosure
Letter, to which the Company or a Company Subsidiary holds the beneficial interest (including as the beneficiary of an Owner Trust or other similar entity), but excluding any Managed Aircraft. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company Material Adverse Effect</U>&#8221; means any circumstance, occurrence, effect, change, event or development that,
individually or in the aggregate, would or would reasonably be expected to (i)&nbsp;materially adversely affect the business, assets, financial condition or results of operations of the Company and the Company Subsidiaries, taken as a whole or
(ii)&nbsp;materially impair, materially delay, materially interfere with or materially hinder the consummation by the Company of the Merger or the other transactions contemplated by this Agreement or the compliance by the Company with its
obligations under this Agreement; <U>provided</U>, <U>however</U>, that, solely with respect to the foregoing clause (i), any circumstance, occurrence, effect, change, event or development arising from or related to the following shall not be taken
into account in determining whether a Company Material Adverse Effect has occurred or would be reasonably expected to occur (except, in the case of clauses (a)-(f) or (j)&nbsp;below, to the extent disproportionately affecting the Company and the
Company Subsidiaries relative to other participants in the industry in which the Company and the Company Subsidiaries operate): (a) conditions affecting the economy in any of the countries, markets or geographical areas in which the Company and the
Company Subsidiaries operate, or any other national or regional economy or the global economy generally; (b)&nbsp;political conditions (or changes in such conditions) in any of the countries, markets or geographical areas in which the Company and
the Company Subsidiaries operate or any other country or region in the world, declared or undeclared acts of war, cyber attacks, sabotage or terrorism, tariffs or trade wars, epidemics, pandemics or disease outbreaks (including <FONT
STYLE="white-space:nowrap">COVID-19</FONT> and any actions or events resulting therefrom) (including any escalation or general worsening of any of the foregoing) or national or international emergency in any of the countries, markets or geographical
areas in which the Company and the Company Subsidiaries operate or any other country or region of the world occurring after the date hereof; (c)&nbsp;changes in the financial, credit, banking or securities markets in any of the countries, markets or
geographical areas in which the Company and the Company Subsidiaries operate or any other country or region in the world (including any disruption thereof and any decline in the price of any security or any market index) and including changes or
developments in or relating to currency exchange or interest rates; (d)&nbsp;changes required by GAAP or other accounting standards (or interpretations thereof); (e) changes in any Laws or other binding directives issued by any Governmental Entity
(or interpretations thereof); (f) changes that are generally applicable to the industries in which the Company and the Company Subsidiaries operate; (g)&nbsp;any failure by the Company to meet any internal or published projections, forecasts or
revenue or earnings predictions for any period ending on or after the date of this Agreement or any decline in the market price or trading volume of the shares of Common Stock (<U>provided</U> that the underlying causes of any such failure or
decline may be considered in determining whether a Company Material Adverse Effect has occurred to the extent not otherwise excluded by another exception herein); (h) the negotiation, execution or delivery of this Agreement, the performance by any
party hereto of its obligations hereunder or the public announcement (including as to the identity of the parties hereto) or pendency of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-74 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the Merger or any of the other transactions contemplated hereby including the impact thereof on relationships, contractual or otherwise with customers, suppliers or employees of the Company and
the Company Subsidiaries (<U>provided</U> that this clause (h)&nbsp;shall not apply to any representations and warranties that, by their terms, specifically address such matters and, solely to the extent taking into account such representations and
warranties, <U>Section</U><U></U><U>&nbsp;7.03</U>); (i) changes after the date hereof in the Company&#8217;s credit rating (<U>provided</U> that the underlying causes of such decline may be considered in determining whether a Company Material
Adverse Effect has occurred to the extent not otherwise excluded by another exception herein); (j) the occurrence of natural disasters, force majeure events or weather conditions adverse to the business being carried on by the Company and the
Company Subsidiaries; (k)&nbsp;stockholder litigation arising from or relating to this Agreement, the Merger or any strategic alternatives considered by the Company; (l)&nbsp;any action required by the terms of this Agreement, or with the prior
written consent or at the direction of Parent; (m)&nbsp;any liability arising from any pending or threatened claim, suit, action, proceeding, investigation or arbitration disclosed to Parent in this Agreement or in the Company Disclosure Letter (but
not any material deterioration or escalation thereof); (n) any comments or other communications by Parent or any of its Affiliates of its intentions with respect to the Surviving Corporation or the business of the Company; or (o)&nbsp;any matter
described in the Company Disclosure Letter (but only to the extent the material adverse effect in question reasonably could be anticipated based on the substance and content of such disclosure, and not any deterioration or escalation thereof), shall
not be taken into account in determining whether a Company Material Adverse Effect has occurred or would reasonably be expected to occur. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company PSU</U>&#8221; means a restricted stock unit award that is subject to service- and performance-based vesting conditions
granted under any Company Share Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company RSU</U>&#8221; means a restricted stock unit award that is subject to vesting
conditions based solely on continued employment or service granted under any Company Share Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company Share Plan</U>&#8221;
means, collectively, the Company 2014 Equity Incentive Plan and the Company 2023 Equity Incentive Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Company
Subsidiary</U>&#8221; means any Subsidiary of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Debt Consents</U>&#8221; has the meaning set forth in
<U>Section</U><U></U><U>&nbsp;6.10(a)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Debt Financing Sources</U>&#8221; means the Persons, in their respective capacities
as such, that have committed to arrange or provide all or any portion of the Debt Financing, any Takeout Financing or any Alternative Financing in connection with the transactions contemplated hereby, together with their Affiliates, and any of their
or their Affiliates&#8217; respective, managers, members, directors, officers, employees, agents, advisors, attorneys, other representatives or any successors or assignees of any of the foregoing; it being understood that Parent and any of its
Subsidiaries shall not constitute &#8220;Debt Financing Sources&#8221; for any purposes hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Delivery</U>&#8221; means
the transfer of title to an Orderbook Aircraft pursuant to the applicable Orderbook Contract to the Company or one of its Subsidiaries or Owner Trusts, and the term &#8220;Delivered&#8221; has a correlative meaning. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>DGCL</U>&#8221; means the Delaware General Corporation Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Environmental Permits</U>&#8221; means all Permits required to be held by the Company or any Company Subsidiary under applicable
Environmental Law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-75 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>ERISA</U>&#8221; means the Employee Retirement Income Security Act of 1974, as
amended, and the regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Exchange Act</U>&#8221; means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Existing Credit Agreements</U>&#8221; means the credit
agreements listed in Section&nbsp;9.03(a) of the Company Disclosure Letter.<SUP STYLE="font-size:75%; vertical-align:top"> </SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Foreign Investment Laws</U>&#8221; means any federal, state, local, domestic, foreign, international or supranational laws
(statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, permit, injunction, judgment, award, decree, ruling or other similar requirement in effect from time to time that are designed or intended
to prohibit, restrict, regulate or screen foreign investments into such jurisdiction or country, including, but not limited to, Section&nbsp;721. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Hazardous Substance</U>&#8221; means any substance, waste or chemical that is regulated under Environmental Law due to its toxic,
radioactive, ignitable, corrosive, reactive or otherwise hazardous or deleterious properties or characteristics, including petroleum, its derivatives, <FONT STYLE="white-space:nowrap">by-products</FONT> and other hydrocarbons, asbestos,
asbestos-containing material, <FONT STYLE="white-space:nowrap">per-</FONT> and polyfluoroalkyl substances and polychlorinated biphenyls. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Immaterial Subsidiaries</U>&#8221; means Company Subsidiaries that are dormant or inactive or do not hold any material assets or
liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Indebtedness</U>&#8221; means, with respect to any Person, without duplication, (i)&nbsp;all obligations of such
Person for borrowed money, or with respect to deposits or advances of any kind to such Person, (ii)&nbsp;all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (iii)&nbsp;all guarantees and arrangements having
the economic effect of a guarantee of such Person of any other Indebtedness of any other Person, or (iv)&nbsp;reimbursement obligations under letters of credit, bank guarantees, and other similar contractual obligations entered into by or on behalf
of such Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Intellectual Property Rights</U>&#8221; means any and all intellectual property and similar proprietary rights
of every kind and description in any jurisdiction throughout the world (including all rights to sue or recover and retain damages and costs and attorneys&#8217; fees for past, present and future infringement, misappropriation or other violation of
any of the following), including any and all rights in: (i)&nbsp;patents, patent applications, invention disclosures and all related continuations,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">continuations-in-part,</FONT></FONT> divisionals, provisionals, renewals, reissues, <FONT STYLE="white-space:nowrap">re-examinations,</FONT> substitutions and extensions thereof
(&#8220;<U>Patents</U>&#8221;); (ii) trademarks, service marks, trade names, domain names, service names, brand names, logos, slogans, trade dress, design rights, certification marks, social media identifiers and accounts, corporate names and any
and all other similar designations of source or origin, together with the goodwill symbolized by any of the foregoing, and, in each case, all applications, registrations and renewals in connection therewith (&#8220;<U>Trademarks</U>&#8221;);
(iii)&nbsp;copyrights (whether or not registered) and all applications and registrations therefor, works of authorship and copyrightable subject matter, and any and all renewals, extensions, reversions, restorations, derivative works and moral
rights in connection with the foregoing, now or hereafter provided by applicable Law, regardless of the medium of fixation or means of expression (&#8220;<U>Copyrights</U>&#8221;); (iv) computer software (including firmware, operating systems and
other programs), whether in source code, object code or other form, algorithms, databases, compilations and data, and, in each case, any and all specifications related thereto; (v)&nbsp;trade secrets and other confidential and proprietary
information, ideas, <FONT STYLE="white-space:nowrap">know-how</FONT> (including manufacturing, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-76 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
maintenance, repair and production processes and research and development information), technical data, algorithms, inventions, processes, procedures, protocols, rules of thumb, techniques,
results of experimentation and testing, formulae, models, methodologies and business information (including financial and marketing plans, customer and supplier lists and pricing and cost information); and (vi)&nbsp;industrial designs (whether or
not registered). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Intervening Event</U>&#8221; means any material circumstance, effect or change that (A)&nbsp;is unknown to the
Company Board as of the date hereof (or if known, the probability or magnitude of consequences of which were not known or reasonably foreseeable by the Company Board as of the date hereof), and (B)&nbsp;does not relate to any Alternative Proposal;
<U>provided</U> that in no event shall (A)&nbsp;the fact that, in and of itself, the Company meets or exceeds any internal or published or third-party projections, forecasts, estimates or predictions of revenue, earnings or other financial or
operating metrics for any period constitute, or be considered in determining whether there has been, an Intervening Event, (B)&nbsp;any change in the market price, trading volume or ratings of any securities or Indebtedness of the Company or any of
its Subsidiaries constitute, or be considered in determining whether there has been, an Intervening Event or (C)&nbsp;any change, event or development consisting of or resulting primarily from any action taken by Parent that is required by
<U>Section</U><U></U><U>&nbsp;6.03</U> or any breach of this Agreement by the Company or its Subsidiaries, in each case, constitute, or be considered in determining whether there has been, an Intervening Event; <U>provided</U>, <U>further</U>, in
the case of clauses (A)&nbsp;and (B), that the underlying causes of any such change may be considered in determining whether an Intervening Event has occurred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>IT Systems</U>&#8221; means any and all computers, computer systems, hardware, software, firmware, middleware, servers,
workstations, routers, hubs, switches, networks, databases, data storage devices, telecommunications equipment and other information technology infrastructure, assets and equipment (including laptops and mobile devices), and all documentation
related to any of the foregoing, in each case, to the extent used by the Company or any Company Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Knowledge</U>&#8221; of any Person that is not an individual means, with respect to any matter in question, in the case of the
Knowledge of the Company, the actual knowledge of the executive officers of the Company set forth in <U>Section</U><U></U><U>&nbsp;9.03(b)</U> of the Company Disclosure Letter, and, in the case of Parent and Merger Sub, the actual knowledge of the
executive officers of Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Law</U>&#8221; means any statute, law, ordinance, regulation, rule, code, order, constitution,
treaty, common law, judgment, decree, other legally binding requirement or rule of law of any Governmental Entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Liens</U>&#8221; means all pledges, liens, easements,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way,</FONT></FONT> encroachments, restrictions, charges, mortgages, encumbrances and security interests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Managed Aircraft</U>&#8221; means each Aircraft set forth in <U>Section</U><U></U><U>&nbsp;3.23(b)</U> of the Company Disclosure
Letter that is managed or serviced by the Company or any Company Subsidiary in its capacity as a servicer and whose full beneficial interest is not held by the Company or any Company Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Major Damages</U>&#8221; means, with respect to any Company Aircraft, any damage to such Company Aircraft the cost of rectification
of which equaled or exceeded, or is reasonably expected to equal or exceed, the Damage Notification Threshold (as defined in the relevant Aircraft Lease with respect to any Company Aircraft) or, if no such definition exists, the amount specified in
the relevant Aircraft Lease as the threshold of damage of which the relevant Aircraft Lessee is required to notify the relevant Aircraft Lessor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-77 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Merger Sub Board</U>&#8221; means the Board of Directors of Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>NYSE</U>&#8221; means the New York Stock Exchange. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>OEM</U>&#8221; means any original equipment manufacturer of aircraft or engines. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>OEM Contract</U>&#8221; means any Contract between the Company or any of its Subsidiaries and any OEM in respect of the Company or
any of its Subsidiaries&#8217; contracted deliveries of new aircraft or engines, together with any amendments, ancillary agreements or other related documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Orderbook</U>&#8221; means, collectively, the OEM Contracts comprising the Company&#8217;s orderbook (including, as of the date
hereof, the OEM Contracts set forth on <U>Section</U><U></U><U>&nbsp;3.15(b)(ix)(C)</U>), as such OEM Contracts and orderbook may be amended, supplemented or modified in accordance with the terms hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Orderbook Aircraft</U>&#8221; means the Aircraft committed to be purchased by the Company or its Subsidiaries (or an Owner Trust or
other similar entity) pursuant to any Orderbook Contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Orderbook Contract</U>&#8221; means any OEM Contract that is included
in the Orderbook. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Orderbook Lease</U>&#8221; means any Aircraft Lease or other Contract pursuant to which a third party has the
right to possession and use of any Undelivered Orderbook Aircraft, together with any applicable amendments, ancillary agreements or other related documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Organizational Documents</U>&#8221; means (a)&nbsp;with respect to a corporation, the charter, articles, articles supplementary or
certificate of incorporation, as applicable, and bylaws thereof, (b)&nbsp;with respect to a limited liability company, the certificate of formation or organization, as applicable, and the operating or limited liability company agreement thereof,
(c)&nbsp;with respect to a partnership, the certificate of formation and the partnership agreement, and (d)&nbsp;with respect to any other Person the organizational, constituent and/or governing documents and/or instrument of such Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Owned Intellectual Property Rights</U>&#8221; means all Intellectual Property Rights owned (or purported to be owned) by the Company
or any Company Subsidiary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Owner Trust</U>&#8221; means each common law trust or statutory trust in respect of any Aircraft,
the beneficial interest in which is held by the Company or a Company Subsidiary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Owner Trustee</U>&#8221; means the trustee in
respect of any Owner Trust. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Parent Board</U>&#8221; means the Board of Directors of Parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Parent Material Adverse Effect</U>&#8221; means, with respect to Parent or Merger Sub, any circumstance, occurrence, effect, change,
event or development that, individually or in the aggregate, is or would be reasonably expected to prevent or materially delay, materially interfere with, materially impair or materially hinder the consummation of the Merger or the other
transactions contemplated by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Parent Subsidiary</U>&#8221; means any Subsidiary of Parent. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-78 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Payoff Indebtedness</U>&#8221; means any Existing Credit Agreement or other item
of Indebtedness of the Company or any Company Subsidiary that is required to be repaid in connection with the Merger or that the Parent designates in writing to the Company not later than twelve (12)&nbsp;Business Days (or such later date as the
Company may agree in its sole discretion) prior to the Effective Time as &#8220;Payoff Indebtedness&#8221;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>PDPs</U>&#8221;
means predelivery payments (howsoever such payments may be defined under each Orderbook Contract) payable in respect of any Undelivered Orderbook Aircraft under each Orderbook Contract. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Permitted Discretion</U>&#8221; means that, with respect to any exercise of discretion with respect to any Permitted Company Interim
Financing, Parent will not unreasonably withhold, condition or delay its consent, taking into account (among other relevant factors) the financing needs of the Company; <I>provided</I> that, solely with respect to the exercise of discretion with
respect to any Permitted Company Interim Financing, it shall be deemed reasonable for Parent to (x)&nbsp;withhold its consent if, as of any date of determination, either (i)&nbsp;commitments remain outstanding under the Debt Commitment Letter or
Parent requires additional debt financing in order to pay the Required Amount and Parent intends in good faith to commence the marketing of, or issue, any Debt Financing (or replacement or substitution therefor) or Takeout Financing within 45 days
of such date or (ii)&nbsp;Parent has offered to cause the marketing or issuance of a Qualified Bond in lieu of the relevant Permitted Company Interim Financing within 45 days of such date and the Company has failed to accept such offer, or failed to
provide the cooperation required by <U>Section</U><U></U><U>&nbsp;6.12</U> in connection therewith and/or (y)&nbsp;condition its consent to any marketing or issuance of such Permitted Company Interim Financing on such reasonable marketing taking
place during a specified marketing period reasonably determined by Parent in consultation with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Permitted
Liens</U>&#8221; means, collectively, (i)&nbsp;suppliers&#8217;, mechanics&#8217;, cashiers&#8217;, workers&#8217;, carriers&#8217;, workmen&#8217;s, legal hypothecs, repairmen&#8217;s, materialmen&#8217;s, warehousemen&#8217;s, construction and
other similar Liens arising or incurred by operation of law or otherwise incurred in the ordinary course of business other than in respect of amounts owed by the Company or any Company Subsidiary that are overdue; (ii)&nbsp;Liens for Taxes,
utilities and other governmental charges that are not due and payable or which are being contested in good faith by appropriate proceedings; (iii)&nbsp;Liens imposed or promulgated by Law or any Governmental Entity, including requirements and
restrictions of zoning, permit, license, building and other applicable Laws and municipal bylaws, and development, site plan, subdivision or other agreements with municipalities that do not materially interfere with the business of the Company and
the Company Subsidiaries as currently conducted; <FONT STYLE="white-space:nowrap">(iv)&nbsp;non-exclusive</FONT> and immaterial exclusive licenses or other grants of rights in Intellectual Property Rights to customers in the ordinary course
consistent with past practice; (v)&nbsp;statutory or other Liens of landlords for amounts not due and payable or which are being contested in good faith by appropriate proceedings; (vi)&nbsp;deposits made in the ordinary course of business to secure
payments of worker&#8217;s compensation, unemployment insurance or other types of social security benefits or the performance of bids, tenders, sales, contracts (other than for the repayment of borrowed money), public or statutory obligations, and
surety, stay, appeal, customs or performance bonds, or similar obligations arising in each case in the ordinary course of business; (vii)&nbsp;Liens in favor of customs and revenue authorities arising as a matter of law and in the ordinary course of
business to secure payment of customs duties in connection with the importation of goods other than in respect of amounts owed by the Company or any Company Subsidiary that are overdue; (viii)&nbsp;Liens resulting from securities Laws;
(ix)&nbsp;Liens incurred in the ordinary course of business in connection with purchase money security interests, mortgage debt, credit agreement, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-79 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
equipment leases, similar financing arrangements or other Indebtedness; (x)&nbsp;the reservations, limitations, rights, provisos and conditions, if any, expressed in any grant or permit from any
Governmental Entity or any similar authority including those reserved to or vested in any Governmental Entity; (xi)&nbsp;Liens created by, or expressly permitted under the terms of, any Material Contracts or any Aircraft Lease Documents (excluding
any such Lien created by the Company, any Company Subsidiary or any Owner Trustee which is not a Permitted Lien under any other clause of this definition); (xii) Liens that do not materially detract from the value of any property based upon its
current use or interfere in any material respect with the current use, operation or occupancy by the Company or any Company Subsidiary of such property; (xiii)&nbsp;with respect to the Real Estate Leases, (A)&nbsp;easements, quasi-easements,
licenses, covenants, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way,</FONT></FONT> rights of <FONT STYLE="white-space:nowrap">re-entry</FONT> or other similar restrictions, including any other agreements, conditions
or restrictions that would be shown by a current title report or other similar report or listing, which do not materially impair the occupancy, use or value of the subject Real Estate Leases for the purposes for which it is currently used in
connection with the Company&#8217;s business, and (B)&nbsp;any conditions that may be shown by a current survey or physical inspection, which do not materially impair the occupancy, use or value of the subject Real Estate Leases for the purposes for
which it is currently used in connection with the Company&#8217;s business; (xiv)&nbsp;Liens created by Parent, Merger Sub or any of their respective Affiliates; and (xv)&nbsp;the items set forth in <U>Section</U><U></U><U>&nbsp;9.03(c)</U> of the
Company Disclosure Letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Person</U>&#8221; means any natural person, firm, corporation, partnership, company, limited
liability company, trust, joint venture, association, Governmental Entity or other entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Personal Information</U>&#8221;
means &#8220;personal information,&#8221; &#8220;personally identifiable information,&#8221; &#8220;personal data,&#8221; and any terms of similar import, in each case as defined under applicable Laws relating to data privacy, data protection,
cybersecurity and/or the processing of such information or data. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Privacy Laws</U>&#8221; means all Laws applicable to the
Company or any Company Subsidiary concerning data privacy, data protection of information regarding individuals or households and/or the processing of Personal Information, including the California Consumer Privacy Act of 2018 (as amended by the
California Privacy Rights Act of 2020), the EU 2016/679 General Data Protection Regulation and the equivalent thereof under the laws of the United Kingdom, in each case, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Privacy Obligations</U>&#8221; means all (a)&nbsp;Privacy Laws and (b)&nbsp;binding internal and external policies and procedures,
binding industry standards, and restrictions and requirements contained in any Contract to which the Company or any Company Subsidiary is bound, in each case, under this clause (b), to the extent relating to data privacy, data protection,
cybersecurity and/or the processing of Personal Information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Qualified Bond</U>&#8221; means any unsecured investment grade
debt securities issued by the Parent (or a wholly-owned subsidiary of the Parent) prior to the Closing (x)&nbsp;that is (i)&nbsp;either (a) guaranteed by the Company at issuance (in which case, such bond will be automatically assumed by the Company
upon the termination of this Agreement without the occurrence of the Closing, and the original issuer will be automatically released from all obligations in respect of such indebtedness at such time) or (b)&nbsp;immediately after the issuance
thereof, assumed in writing by the Company (in which case, the original issuer will be automatically released from all obligations in respect thereof at such time of assumption), (ii) not required to be (or offered to be) repaid, prepaid, redeemed,
repurchased or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-80 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
defeased, whether on one or more fixed dates, upon the occurrence of the Closing, and/or upon any other event or events or at the option of any holder thereof (except, in each case, upon the
occurrence of an &#8220;event of default&#8221; thereunder or as a result of a change of control (other than resulting from the Merger) in a manner substantially consistent with the Existing Senior Notes or upon the maturity of such securities), or
otherwise subject to any special mandatory redemption provisions and (iii)&nbsp;otherwise on terms and conditions that are substantially consistent with the terms and conditions of the Existing Senior Notes or, alternatively, on market terms and
conditions for unsecured, investment grade debt securities of the applicable tenor (as reasonably determined by the Parent in good faith and after consultation with the Company) and (y)&nbsp;the net proceeds of which are made available to the
Company (which may, in the case of an issuance described in clause (x)(i)(a), occur by way of a loan from the issuer of such debt securities to the Company on the same terms as the securities so issued). In the event that the Parent has offered to
cause the marketing or issuance of a Qualified Bond, (1)&nbsp;the underwriters, initial purchasers, placement agents, managers and/or bookrunners in respect thereof shall be the Debt Financing Sources party to the Debt Commitment Letter (and/or
their designated affiliates) or such other Persons designated by the Parent after consultation with the Company and (2)&nbsp;any marketing or issuance of such Qualified Bond shall be during a specified marketing period determined by the Parent in
consultation with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Release</U>&#8221; means any spilling, leaking, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, leaching, dumping, or disposing into the environment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Relevant Aircraft</U>&#8221; means, as
the context requires, each Company Aircraft, each Managed Aircraft and each Orderbook Aircraft. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Required Information</U>&#8221;
means (a)&nbsp;(i) the audited statements of operations and other comprehensive income/loss of the Company for the years ended December&nbsp;31, 2023 and December&nbsp;31, 2024, the audited balance sheets of the Company as of December&nbsp;31, 2023
and December&nbsp;31, 2024 and the audited statements of shareholders&#8217; equity and cash flows of the Company for the years ended December&nbsp;31, 2023 and December&nbsp;31, 2024 and (ii)&nbsp;such financial statements as of and for any
subsequent fiscal year ended at least 60 days before the Closing Date and (b)&nbsp;unaudited balance sheets of the Company and the related unaudited statements of operations and other comprehensive income/loss and shareholders&#8217; equity and cash
flows of the Company as of and for (i)&nbsp;the fiscal quarters ended March&nbsp;31, 2025 and June&nbsp;30, 2025 and (ii)&nbsp;each subsequent fiscal quarter (other than the fourth fiscal quarter of any year) ended after the date of the
Company&#8217;s most recent audited financial statements (and the corresponding periods of the prior fiscal year) and at least 40 days before the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>SEC</U>&#8221; means the U.S. Securities and Exchange Commission. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Section</U><U></U><U>&nbsp;721</U>&#8221; means Section&nbsp;721 of the Defense Production Act of 1950, as amended (50 U.S.C.
&#167;4565), and all rules and regulations issued and effective thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Securities Act</U>&#8221; means the Securities Act
of 1933, as amended, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Senior Notes</U>&#8221; means the indentures,
supplemental indentures, notes and/or declarations of trust listed in <U>Section</U><U></U><U>&nbsp;9.03(d)</U> of the Company Disclosure Letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Servicing Agreement</U>&#8221; means, in respect of any Managed Aircraft managed by the Company or any Company Subsidiary, any
servicing agreement, asset management agreement or remarketing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-81 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
agreement (as the case may be) entered into by the Company or a Company Subsidiary and the applicable client, as amended, restated, supplemented or modified from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>SOX</U>&#8221; means the Sarbanes-Oxley Act of 2002, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Subsidiary</U>&#8221; of any Person means another Person, an amount of the voting securities, other voting ownership or voting
partnership interests of which is sufficient to elect at least a majority of its Board of Directors or other governing Person or body (or, if there are no such voting interests, more than 50% of the equity interests of which is owned directly or
indirectly by such first Person). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Takeout Financing</U>&#8221; means, to the extent permitted by
<U>Section</U><U></U><U>&nbsp;6.10(c)</U>, any debt financing in respect of which proceeds are obtained (including by way of funding into escrow) by Parent or Merger Sub (or another Subsidiary of Parent) in connection with the transactions
contemplated by this Agreement that is intended to replace all or any portion of the Debt Financing that is committed pursuant to the Debt Commitment Letter or to finance the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Tax Returns</U>&#8221; means all Tax returns, declarations, statements, reports, schedules, forms and information returns, together
with any supplements thereto or attachment or amendments thereof, filed or required to be filed with any Governmental Entity relating to Taxes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Taxes</U>&#8221; means all income, excise, gross receipts, gross income, ad valorem, profits, gains, property, capital, sales,
transfer, registration, recording, documentary, use, payroll, employment, severance, withholding, franchise, value added and other taxes, customs, tariffs, imposts, levies, duties, fees or other like assessments or charges of any kind imposed by a
Governmental Entity, together with all interest, penalties and additions imposed with respect to such amounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Total
Loss</U>&#8221; has, in respect of any Company Aircraft, the meaning ascribed to such term (or a substantially equivalent term) in the Aircraft Lease to which such Company Aircraft is subject as at the date of this Agreement (or, to the extent any
Company Aircraft is not subject to an Aircraft Lease as of the date of this Agreement, substantially equivalent to the meaning ascribed to such term in the Aircraft Leases generally). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">&#8220;<U>Undelivered Orderbook Aircraft</U>&#8221; means an Orderbook Aircraft that has not been Delivered by the applicable OEM. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_97"></A>Section&nbsp;9.04 <U>Interpretation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">(a) When a reference is made in this Agreement to an Article, a Section or an Exhibit, such reference shall be to an Article, a Section or an
Exhibit of or to this Agreement unless otherwise indicated. The table of contents, index of defined terms and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. Any capitalized term used in any Exhibit but not otherwise defined therein shall have the meaning assigned to such term in this Agreement. Whenever the words &#8220;include,&#8221; &#8220;includes&#8221; or &#8220;including&#8221; are
used in this Agreement, they shall be deemed to be followed by the words &#8220;without limitation.&#8221; The words &#8220;hereof,&#8221; &#8220;hereto,&#8221; &#8220;hereby,&#8221; &#8220;herein&#8221; and &#8220;hereunder&#8221; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The term &#8220;or&#8221; is not exclusive. The word &#8220;extent&#8221; in the phrase &#8220;to the
extent&#8221; shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply &#8220;if.&#8221; The definitions contained in this Agreement are applicable to the singular as well as the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-82 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
plural forms of such terms. All pronouns and any variations thereof refer to the masculine, feminine or neuter as the context may require. Any agreement, instrument or Law defined or referred to
herein means such agreement, instrument or Law as from time to time amended, modified or supplemented, unless otherwise specifically indicated; <U>provided</U> that, with respect to any agreement or instrument listed or required to be listed in the
Company Disclosure Letter, such amendment, modification or supplement is also listed. References to a Person are also to its permitted successors and assigns. Unless otherwise specifically indicated, all references to &#8220;<U>$</U>&#8221; will be
deemed references to the lawful money of the United States of America. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. The words &#8220;made available to Parent&#8221; and words of similar import refer
to documents (i)&nbsp;posted to the virtual data room maintained by the Company or its Representatives in connection with the transactions contemplated by this Agreement, (ii)&nbsp;posted to a virtual data room by certain OEMs in connection with the
transactions contemplated hereby, or (iii)&nbsp;delivered in person or electronically to Parent, Merger Sub or any of their respective Representatives, in the case of each of clauses (i)-(iii) at least one day prior to the execution of this
Agreement. In the event an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring by virtue
of the authorship of any provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_98"></A>Section&nbsp;9.05 <U>Severability</U>. If any term or
other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or Law, or public policy, (a)&nbsp;such term or other provision shall be fully separable, (b)&nbsp;this Agreement shall be construed and enforced as if
such invalid, illegal or unenforceable provision had never comprised a part hereof, and (c)&nbsp;all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as either the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party or such party waives its rights under this <U>Section</U><U></U><U>&nbsp;9.05</U> with respect thereto. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner
to the end that the transactions contemplated hereby are fulfilled to the extent possible. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_99"></A>Section&nbsp;9.06
<U>Counterparts</U>. This Agreement may be executed in one or more counterparts, including by email with .pdf attachments, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have
been signed by each of the parties and delivered to the other parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_100"></A>Section&nbsp;9.07 <U>Entire Agreement;
No Third-Party Beneficiaries</U>. This Agreement, taken together with the Company Disclosure Letter (which, for the avoidance of doubt, shall not constitute part of this Agreement pursuant to Section&nbsp;268 of the DGCL, but does constitute
&#8220;facts ascertainable&#8221; as that term is used in Section&nbsp;251(b) of the DGCL and operate upon the terms of this Agreement as provided herein), the Equity Commitment Letters, the Guarantees, the Voting Agreements, the Confidentiality
Agreement and the Clean Team Agreement, (a)&nbsp;constitute the entire agreement, and supersedes all prior agreements and understandings, both written and oral, between the parties hereto with respect to the Merger and the other transactions
contemplated by this Agreement and (b)&nbsp;except for <U>Section</U><U></U><U>&nbsp;6.04</U> (with respect to which the Company Indemnified Parties shall be third-party beneficiaries), <U>Section</U><U></U><U>&nbsp;9.08</U> (with respect to which
the Investor Related Parties shall be third-party beneficiaries) and <U>Section</U><U></U><U>&nbsp;9.13</U> (with respect to which the Debt Financing Sources shall be third-party beneficiaries), this Agreement is not intended to confer upon any
Person other than the parties hereto any rights or remedies. Parent and Merger Sub acknowledge and agree that, without in any way limiting the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-83 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Company&#8217;s rights under <U>Section</U><U></U><U>&nbsp;9.11</U>, the Company has the right, if the Closing has not occurred, to pursue, on behalf of the Company&#8217;s stockholders, damages
(including damages incurred or suffered by the Company&#8217;s stockholders in the event such Company stockholders would not receive the benefit of the bargain negotiated by the Company on their behalf as set forth in this Agreement) in the event of
Parent&#8217;s or Merger Sub&#8217;s breach of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_101"></A>Section&nbsp;9.08 <U>No Recourse</U>. This
Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement or the transactions contemplated hereby may
only be made against the entities that are expressly identified as signatories hereto and none of Parent, Merger Sub, any Equity Investor, any Affiliate of any Equity Investor or of Parent or Merger Sub, any of the respective direct or indirect
current, former or future clients, stockholders, equity holders, partners, members, officers, directors, managers and employees of any of the foregoing, and their respective assignees (collectively, the &#8220;<U>Investor Related Parties</U>&#8221;)
(other than (i)&nbsp;Parent and Merger Sub pursuant to this Agreement, (ii)&nbsp;each Guarantor to the extent set forth in the applicable Guarantee and (iii)&nbsp;each Equity Investor to the extent set forth in the applicable Equity Commitment
Letter) shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the transactions contemplated hereby or thereby
or in respect of any oral representations made or alleged to be made in connection herewith. Without limiting the rights of the Company against Parent and Merger Sub hereunder, in no event shall the Company or any of its Affiliates, and the Company
agrees not to and to cause its Affiliates not to, seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Investor Related Party (other than Parent or Merger Sub
pursuant to this Agreement or any payment from a Guarantor to the extent set forth in the applicable Guarantee or any claim for specific performance of an Equity Investor&#8217;s obligation to fund its committed portion of the Equity Financing
pursuant to the applicable Equity Commitment Letter (subject to the limitations set forth therein)). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_102"></A>Section&nbsp;9.09 <U>GOVERNING LAW</U>. SUBJECT TO <U>SECTION</U><U></U>&nbsp;9.13, THIS AGREEMENT, INCLUDING ALL
MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE AND ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT OR THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER ANY
APPLICABLE PRINCIPLES OF CHOICE OR CONFLICTS OF LAWS OF THE STATE OF DELAWARE. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_103"></A>Section&nbsp;9.10
<U>Assignment</U>. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of Law or otherwise by any of the parties without the prior written consent of the
other parties; <U>provided</U> that the rights, interests and obligations of Merger Sub may be assigned to another direct or indirect wholly owned Subsidiary of Parent so long as such assignment is not reasonably expected to prevent or materially
delay, interfere with, impair or hinder consummation of the Merger and transactions contemplated hereby, but no such assignment shall relieve Merger Sub of any of its obligations under this Agreement. Any purported assignment without such consent
shall be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by the parties and their respective successors and assigns. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-84 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_104"></A>Section&nbsp;9.11 <U>Specific Enforcement; Jurisdiction;
Venue</U>. The parties acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, and that monetary
damages, even if available, would not be an adequate remedy therefor. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce
specifically the performance of the terms and provisions of this Agreement, including the right of a party to cause the other parties to consummate the Merger and the other transactions contemplated hereby. It is agreed that the parties are entitled
to enforce specifically the performance of terms and provisions of this Agreement in any court referred to in clause (a)&nbsp;below, without proof of actual damages (and each party hereby waives any requirement for the securing or posting of any
bond in connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in equity. The parties further agree not to assert that a remedy of specific enforcement is unenforceable, invalid, contrary to Law
or inequitable for any reason, nor to assert that a remedy of monetary damages would provide an adequate remedy for any such breach. In addition, each of the parties hereto irrevocably agrees that any legal action or proceeding arising out of or
relating to this Agreement brought by any party or its Affiliates against any other party or its Affiliates shall be brought and determined in the Court of Chancery of the State of Delaware; <U>provided</U> that if jurisdiction is not then available
in the Court of Chancery of the State of Delaware, then any such legal action or proceeding may be brought in any federal court located in the State of Delaware or any other Delaware state court. Each of the parties hereby irrevocably submits to the
jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby. Each
of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in Delaware, other than actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by
any such court in Delaware as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is insufficient. Each of
the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby, (a)&nbsp;any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (b)&nbsp;that it or its property is exempt or immune from jurisdiction of any such court or
from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c)&nbsp;that (i) the suit, action or proceeding in
any such court is brought in an inconvenient forum, (ii)&nbsp;the venue of such suit, action or proceeding is improper or (iii)&nbsp;this Agreement, or the subject matter hereof, may not be enforced in or by such courts. For the avoidance of doubt,
while the Company may plead in the alternative to pursue specific performance of Parent and Merger Sub&#8217;s obligation to consummate the Merger solely in accordance with, and subject to the limitations in, this Agreement (including&nbsp;this
<U>Article IX</U>) and the Equity Commitment Letters, or a monetary damages award, subject to the limitations in this Agreement (including&nbsp;this <U>Article</U><U></U><U>&nbsp;IX</U>) and the Guarantees, in no event will (A)&nbsp;the Company, its
Affiliates, any of its and its Affiliates&#8217; respective direct or indirect current, former or future stockholders, partners, members, officers, directors, managers and employees, and their respective assignees (collectively, the
&#8220;<U>Company Related Parties</U>&#8221;) be entitled to receive such monetary damages award or payment of the Parent Regulatory Termination Fee, in each case, if the Company or any Company Related Party has received a grant of specific
performance or any other equitable remedy pursuant to&nbsp;this <U>Section</U><U></U><U>&nbsp;9.11</U>&nbsp;that specifically enforces Parent&#8217;s and Merger Sub&#8217;s obligation to consummate the Merger or any Equity Investor to fund any
amount under any Equity Commitment </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-85 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Letter or any Guarantor to fund any amount under any Guarantee or (B)&nbsp;the Company or any Company Related Party be entitled to a grant of specific performance or any other equitable remedy,
whether pursuant to&nbsp;this <U>Section</U><U></U><U>&nbsp;9.11</U>&nbsp;or otherwise, following any award of monetary damages or payment of the Parent Regulatory Termination Fee, in each case in accordance with this Agreement. Notwithstanding
anything to the contrary in the foregoing, this <U>Section</U><U></U><U>&nbsp;9.11</U> is subject to <U>Section</U><U></U><U>&nbsp;9.13</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_105"></A>Section&nbsp;9.12 <U>WAIVER OF JURY TRIAL</U>. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, THE MERGER OR ANY OF THE OTHER TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY HERETO
(A)&nbsp;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B)&nbsp;ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS <U>SECTION 9.12</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman"><A NAME="anxa28474_106"></A>Section&nbsp;9.13 <U>Debt Financing Sources</U>. Notwithstanding anything in this Agreement to the contrary, the
Company, on behalf of itself and its Subsidiaries, hereby: (a)&nbsp;agrees that any action, whether in law or in equity, whether in contract or in tort or otherwise, involving the Debt Financing Sources, arising out of or relating to, this
Agreement, the Debt Commitment Letter, the Debt Financing, the Financing Agreements or any of the agreements entered into in connection with the Debt Financing or any of the transactions contemplated hereby or thereby or the performance of any
services thereunder shall be subject to the exclusive jurisdiction of any federal or state court in the Borough of Manhattan, New York, New York, so long as such forum is and remains available, and any appellate court thereof and each party hereto
irrevocably submits itself and its property with respect to any such action to the exclusive jurisdiction of such court, and such action (except to the extent relating to the interpretation of any provisions in this Agreement) shall be governed by
the laws of the State of New York (without giving effect to any conflicts of law principles that would result in the application of the laws of another jurisdiction); (b) agrees not to bring or support any action of any kind or description, whether
in law or in equity, whether in contract or in tort or otherwise, against any Debt Financing Source in any way arising out of or relating to, this Agreement, the Debt Commitment Letter, the Debt Financing, the Financing Agreements or any of the
transactions contemplated hereby or thereby or the performance of any services thereunder in any forum other than any federal or state court in the Borough of Manhattan, New York, New York; (c)&nbsp;agrees that service of process upon any party in
any such proceeding shall be effective if notice is given in accordance with <U>Section</U><U></U><U>&nbsp;9.02</U>; (d)&nbsp;irrevocably waives, to the fullest extent that it may effectively do so, the defense of an inconvenient forum to the
maintenance of such action in any such court; (e)&nbsp;knowingly, intentionally and voluntarily waives to the fullest extent permitted by applicable Law trial by jury in any action brought against any Debt Financing Source in any way arising out of
or relating to, this Agreement, the Debt Commitment Letter, the Debt Financing, the Financing Agreements or any of the transactions contemplated hereby or thereby or the performance of any services thereunder; (f)&nbsp;agrees that none of the Debt
Financing Sources shall have any liability to the Company or any of its Subsidiaries relating to or arising out of this Agreement, the Debt Commitment Letter, the Debt Financing, the Financing Agreements or any of the transactions contemplated
hereby or thereby or the performance of any services thereunder, whether in law or in equity, whether in contract or in tort or otherwise (<U>provided</U> that, notwithstanding the foregoing, nothing herein shall affect the rights of Parent, Merger
Sub or Parent&#8217;s Subsidiaries or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-86 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Affiliates against the Debt Financing Sources, nor any rights of the Company or any Subsidiary pursuant to any agreement entered into with any Debt Financing Source); and (g)&nbsp;agrees that the
Debt Financing Sources are express third-party beneficiaries of, and may enforce, any of the provisions in this <U>Section</U><U></U><U>&nbsp;9.13</U>, and such provisions and the definitions of &#8220;Debt Financing Sources,&#8221; &#8220;Financing
Agreements&#8221;, &#8220;Debt Commitment Letter&#8221; and &#8220;Debt Financing&#8221; shall not be amended in any way adverse to any Debt Financing Sources without the prior written consent of the related Debt Financing Sources that are party to
the Debt Commitment Letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Remainder of page intentionally left blank</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-87 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company, Parent and Merger Sub have duly executed this Agreement,
all as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">AIR LEASE CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ John Plueger</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: John Plueger</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: Chief Executive Officer and President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">GLADIATORA DESIGNATED ACTIVITY COMPANY</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Ichiro Tatara</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Ichiro Tatara</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: General Manager</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">TAKEOFF MERGER SUB INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Ichiro Tatara</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Ichiro Tatara</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: General Manager</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-88 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">INDEX OF DEFINED TERMS </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Acceptable Confidentiality Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(f)(iii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Adverse Recommendation Change</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(d)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Affiliate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Aggregate Merger Consideration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Aircraft Lease</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Aircraft Lease Document</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Alternative Financing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Alternative Proposal</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(f)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Anti-Corruption Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.13(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Antitrust Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Bidco</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;4.08</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Book-Entry Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.01(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Breach</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.17(g)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Business Day</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Capital Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Certificate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.01(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">CFIUS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">CFIUS Approval</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Class&nbsp;B <FONT STYLE="white-space:nowrap">Non-Voting</FONT> Common Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Clean Team Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.02</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.02</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Code</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Commitment Letters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Common Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.01</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Aircraft</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Benefit Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Board</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Disclosure Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Article III</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Employee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.08(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Financial Advisor</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.20</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Indemnified Parties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Material Adverse Effect</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company PSU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Recommendation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.01(d)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company RSU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company SEC Documents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.06(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Share Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Stockholder Approval</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Stockholder Meeting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Subsidiary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Company Voting Debt</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Confidentiality Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.02</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Consent</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Consents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(b)</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-89 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Converted PSU Cash Award</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Converted RSU Cash Award</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(a)(ii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Copyrights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Commitment Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Consents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Fee Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Financing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;4.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Financing Sources</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Debt Payoff Amount</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Delaware Secretary of State</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Delivery</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">DGCL</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Dissenting Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">DOJ</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Effective Time</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Employment Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.18(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">End Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;8.01(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Environmental Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.14</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Environmental Permits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Equity Commitment Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Equity Investors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">ERISA</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Exchange Act</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Excluded Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.15(b)(xi)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Existing Credit Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Filed Company Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.15(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Financing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;4.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Financing Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Foreign Investment Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">FTC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">GAAP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.06(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Governmental Approvals</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Governmental Entity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Guarantees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Guarantors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Hazardous Substance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03, Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">HSR Act</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Indebtedness</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Inquiry</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Intellectual Property Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Intervening Event</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">IRS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.10(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">IT Systems</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Judgment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Knowledge</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Legal Restraints</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;7.01(c)</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-90 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Letter of Transmittal</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.02(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Liens</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Major Damage</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Managed Aircraft</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Material Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.15(b)(xi)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Maximum Amount</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.01</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger Certificate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger Consideration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.01(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger Sub</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger Sub Board</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Merger Sub Common Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.01</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">New Debt Commitment Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Benefit Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Notice Period</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(d)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">NYSE</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">OEM</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">OEM Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">OEMs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Orderbook</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Orderbook Aircraft</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Orderbook Contract</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Orderbook Lease</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Orderbook Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Organizational Documents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Owned Intellectual Property Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Owner Trust</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Owner Trustee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Parent</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Parent Board</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Parent Material Adverse Effect</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Parent Subsidiary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Patents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Paying Agent</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.02(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Payment Fund</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.02(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Payoff Indebtedness</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Payoff Letters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.04(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">PDPs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Permit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Permits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.05(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Permitted Discretion</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Permitted Liens</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Person</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Personal Information</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Privacy Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Privacy Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Proxy Statement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;6.01(a)</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-91 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Qualified Bond</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Real Estate Leases</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.16(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Registered Intellectual Property Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.17(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Relevant Aircraft</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Representatives</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Required Regulatory Approvals</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;7.01(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Sanctions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.13(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">SEC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Section&nbsp;721</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Securities Act</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Senior Notes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Series B Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Series C Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Series D Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Servicing Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Significant Customers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.24</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Significant Subsidiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.01</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Significant Vendors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;3.24</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">SMBC AC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Solvent</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;4.11</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">SOX</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Subsidiary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Sumitomo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Superior Proposal</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;5.04(f)(ii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Surviving Corporation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;1.01</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Takeout Financing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Tax Returns</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Termination Fee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;8.03(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Total Loss</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Trademarks</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Undelivered Orderbook Aircraft</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;9.03</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Unvested Company RSU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(a)(ii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Vested Company RSU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(a)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Vested RSU Consideration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(a)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Vesting Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Section&nbsp;2.04(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Voting Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Recitals</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-92 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="anxa28474_107"></A>Exhibit A to Merger Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>VOTING AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">This
Voting Agreement (this &#8220;<B>Agreement</B>&#8221;), dated as of September&nbsp;1, 2025, is entered into by and among each of the undersigned stockholders (collectively, the &#8220;<B>Stockholders</B>&#8221; and each, a
&#8220;<B>Stockholder</B>&#8221;) of Air Lease Corporation, a Delaware corporation (the &#8220;<B>Company</B>&#8221;), and Gladiatora Designated Activity Company, an Irish private limited company (&#8220;<B>Parent</B>&#8221;). Capitalized terms used
but not defined herein shall have the meanings given to them in the Merger Agreement (as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and delivery of this Agreement, the Company, Parent and Takeoff Merger Sub Inc., a Delaware
corporation and a wholly owned indirect Subsidiary of Parent (&#8220;<B>Merger Sub</B>&#8221;), are entering into an Agreement and Plan of Merger (as may be amended from time to time, the &#8220;<B>Merger Agreement</B>&#8221;), which provides for,
among other things, upon the terms and subject to the conditions set forth therein, the merger of Merger Sub with and into the Company (the &#8220;<B>Merger</B>&#8221;) with the Company surviving the Merger as a wholly owned indirect Subsidiary of
Parent; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, as of the date hereof, each Stockholder is the record and/or direct &#8220;beneficial owner&#8221; (within the meaning
of Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> under the Exchange Act) of the number of shares of issued and outstanding Common Stock set forth opposite the Stockholder&#8217;s name on <U>Exhibit A</U> hereto under the heading &#8220;Owned
Shares,&#8221; being all of the shares of issued and outstanding Common Stock owned of record or directly beneficially by the Stockholder as of the date hereof, but excluding the shares identified on <U>Exhibit A</U> hereto as &#8220;Excluded
Shares&#8221; or in the footnotes to <U>Exhibit A</U> hereto (the shares listed as &#8220;Owned Share&#8221; in <U>Exhibit A</U>, as may be adjusted pursuant to <U>Section</U><U></U><U>&nbsp;9</U>, collectively, the &#8220;<B>Owned Shares</B>&#8221;
and, together with any additional shares of Common Stock or other voting securities of the Company directly acquired by such Stockholder after the date hereof and prior to the Termination Date and not (x)&nbsp;held or acquired by a trust or other
person or entity holding Excluded Shares and identified on <U>Exhibit A</U> hereto or (y)&nbsp;Transferred pursuant to a Permitted Transfer (as defined below), as may be adjusted pursuant to <U>Section</U><U></U><U>&nbsp;9</U>, the &#8220;<B>Covered
Shares</B>&#8221;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, as a condition to the willingness of Parent to enter into the Merger Agreement and as an inducement and
in consideration therefor, Parent has required that the Stockholders, and the Stockholders have agreed to, enter into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound
hereby, the Stockholders and Parent hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">1. <U>Agreemen</U><U>t to Vote the Covered Shares; Proxy.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.1 <U>Supported Matters</U>. Beginning on the date hereof until the Termination Date (as defined below), at every meeting of the
Company&#8217;s stockholders (including the Company Stockholder Meeting), including any postponement, recess or adjournment thereof, or in any other circumstance, however called, each Stockholder agrees to, and if applicable, to cause its controlled
Affiliates to, affirmatively vote (including via proxy) or execute consents, with respect to (or cause to be voted </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-93 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
(including via proxy) or consents to be executed with respect to) and not to withdraw or modify any such vote or consent with respect to, all of the Covered Shares as follows: (a)&nbsp;in favor
of (i)&nbsp;the adoption of the Merger Agreement and the approval of the Merger, including any amended and restated Merger Agreement or amendment to the Merger Agreement, (ii)&nbsp;the approval of any proposal to adjourn or postpone any Company
Stockholder Meeting to a later date if the Company or Parent proposes or requests such postponement or adjournment in accordance with Section&nbsp;6.01(e) of the Merger Agreement, and (iii)&nbsp;the approval of any other proposal considered and
voted upon by the Company&#8217;s stockholders at any meeting (including the Company Stockholder Meeting) necessary for consummation of the Merger and the other transactions contemplated by the Merger Agreement, and (b)&nbsp;against (i) any
proposal, action or agreement that would reasonably be expected to result in a breach of any covenant, representation or warranty or other obligation or agreement of the Company contained in the Merger Agreement or that would reasonably be expected
to result in any condition set forth in the Merger Agreement not being satisfied or not being fulfilled prior to the Termination Date, (ii)&nbsp;any Alternative Proposal or any other proposal made in opposition to or in competition with, or which by
its terms is inconsistent with, the Merger Agreement or the transactions contemplated thereby, (iii)&nbsp;any reorganization, dissolution, liquidation, winding up or similar extraordinary transaction involving the Company other than the Merger and
the other transactions contemplated by the Merger Agreement and (iv)&nbsp;any other action, agreement or proposal which to the knowledge of such Stockholder would reasonably be expected to prevent, materially impede or materially delay the
consummation of the Merger or any of the transactions contemplated by the Merger Agreement (clauses (a)&nbsp;and (b) collectively, the &#8220;<B>Supported Matters</B>&#8221;). Each Stockholder agrees to, and agrees to cause its applicable controlled
Affiliates to, be present, in person or by proxy, at every meeting of the Company&#8217;s stockholders (including the Company Stockholder Meeting), including any postponement, recess or adjournment thereof, or in any other circumstance, however
called, to vote on the Supported Matters (in the manner described in this <U>Section</U><U></U><U>&nbsp;1.1</U>), so that all of the Covered Shares will be counted for purposes of determining the presence of a quorum at each such meeting, or
otherwise cause the Covered Shares to be counted as present thereat for purposes of establishing a quorum at each such meeting. For the avoidance of doubt, except with respect to the Supported Matters, the Stockholders do not have any obligation to
vote the Covered Shares in any particular manner and, with respect to matters other than the Supported Matters, the Stockholders shall be entitled to vote the Covered Shares in its sole discretion. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.2 <U>Proxy</U>. In the event, but only in the event, that any Stockholder fails to comply with any of its obligations set forth in
<U>Section</U><U></U><U>&nbsp;1.1</U>, then in such event such Stockholder hereby irrevocably appoints, as its proxy and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact,</FONT></FONT> Ichiro Tatara, with full power
of substitution and resubstitution, to vote such Stockholder&#8217;s Covered Shares in accordance with <U>Section</U><U></U><U>&nbsp;1.1</U> at the Company Stockholder Meeting (including any postponement, recess or adjournment thereof) in respect of
such Stockholder&#8217;s Covered Shares (to the extent such Covered Shares are entitled to so vote) prior to the Termination Date at which any Supported Matters are to be considered; <U>provided</U>, <U>however</U>, for the avoidance of doubt, that
such Stockholder shall at all times retain the right to vote such Stockholder&#8217;s Covered Shares (or to direct how such Covered Shares shall be voted) in such Stockholder&#8217;s sole discretion on matters other than Supported Matters in
accordance with <U>Section</U><U></U><U>&nbsp;1.1</U>. This proxy is coupled with an interest, is (or will be, as applicable) given as an additional inducement of Parent to enter into this Agreement and shall be irrevocable prior to the Termination
Date, at which time any such proxy shall terminate. Parent may terminate or waive its rights to enforce this proxy with respect to any Stockholder at any time at its sole election by written notice provided to the applicable Stockholder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-94 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.3 <U>Limitations</U>. Notwithstanding anything to the contrary contained in this
Agreement, the obligations of the Stockholders under Section&nbsp;1.1 and Section&nbsp;1.2 shall be limited such that Parent shall not have a voting proxy, or otherwise have direct or indirect voting power, over Covered Shares that would result in
Parent being the beneficial owners of more than 4.99% of the Common Stock in the aggregate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">2. <U>Termination</U>. This Agreement shall
terminate automatically and without further action of the parties hereto upon the earliest to occur of: (a)&nbsp;the valid termination of the Merger Agreement in accordance with its terms, (b)&nbsp;the Effective Time, (c)&nbsp;an Adverse
Recommendation Change by the Company Board in accordance with Section&nbsp;5.04(d) of the Merger Agreement, and (d)&nbsp;with respect to each Stockholder, any modification, waiver or amendment to any provision of the Merger Agreement that is
effected without such Stockholder&#8217;s prior written consent and that reduces the Merger Consideration or changes the form of consideration being offered to the Company&#8217;s stockholders under the Merger Agreement, imposes any conditions,
requirements or restrictions on such Stockholder&#8217;s right to receive the Merger Consideration payable to such Stockholder with respect to shares of Common Stock owned by such Stockholder pursuant to the Merger Agreement, materially delays the
timing of any such payment after the Effective Time, or otherwise adversely affects such Stockholder (in its capacity as such) in any material respect (the earliest such date set forth in clauses (a)&nbsp;through (d), the &#8220;<B>Termination
Date</B>&#8221;); <U>provided</U> that the provisions set forth in <U>Sections 13</U> through <U>24</U> hereof shall survive the termination of this Agreement; <U>provided</U>, <U>further</U>, that the termination of this Agreement shall not prevent
any party hereto from seeking any remedies (at Law or in equity) against any other party hereto for that party&#8217;s willful and material breach of this Agreement that may have occurred on or before such termination. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">3. <U>Certain Covenants</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.1 <U>Merger Agreement Obligations</U>. From the date hereof until the Termination Date, each Stockholder hereby covenants and agrees that
such Stockholder shall not, directly or indirectly, (a)&nbsp;solicit, initiate, knowingly encourage or knowingly facilitate any Inquiry, (b)&nbsp;furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information regarding the Company and the
Company Subsidiaries to any Person in connection with an Inquiry or Alternative Proposal, (c)&nbsp;enter into, continue or maintain discussions or negotiations with any Person with respect to an Inquiry or Alternative Proposal, (d)&nbsp;otherwise
cooperate with or assist or participate in or facilitate any discussions or negotiations (other than informing Persons of the provisions set forth in this <U>Section</U><U></U><U>&nbsp;3.1</U> or contacting any Person making an Alternative Proposal
to ascertain facts or clarify terms and conditions for the sole purpose of the Company Board reasonably informing itself about such Alternative Proposal) regarding, or furnish or cause to be furnished to any Person or &#8220;Group&#8221; (as such
term is defined in Section&nbsp;13(d) of the Exchange Act) any <FONT STYLE="white-space:nowrap">non-public</FONT> information with respect to, or take any other action to facilitate any Inquiries or the making of any proposal that constitutes, or
could be reasonably expected to result in, an Alternative Proposal, (e)&nbsp;approve, agree to, accept, endorse or recommend any Alternative Proposal, or (f)&nbsp;enter into any letter of intent or agreement in principle or any agreement relating to
any Alternative Proposal. Immediately upon the execution of this Agreement, each Stockholder will cease and shall cause each of its controlled Affiliates and each of its and its controlled Affiliates&#8217; directors, officers and employees to, and
shall instruct and use its reasonable best efforts to cause its and its controlled Affiliates&#8217; other Representatives to immediately cease any discussions, communications or negotiations with any Person relating to an Alternative Proposal and
not solicit, initiate, knowingly encourage or knowingly facilitate any Inquiry. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.2 <U>Transfers</U>. Beginning on the date hereof until
the earlier of (x)&nbsp;receipt of the Company Stockholder Approval and (y)&nbsp;the Termination Date, each Stockholder hereby covenants and agrees </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-95 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
that, except as expressly contemplated by this Agreement, such Stockholder shall not, directly or indirectly, (i)&nbsp;tender any Covered Shares into any tender or exchange offer,
(ii)&nbsp;create or permit to exist any Liens, other than as may be applicable under the Securities Act or other applicable securities Laws, on all or any portion of the Covered Shares, (iii)&nbsp;offer, sell, transfer, assign, exchange, pledge,
hypothecate, hedge, gift, loan, encumber or otherwise dispose of (collectively, &#8220;<B>Transfer</B>&#8221;) or enter into any Contract, option, agreement, understanding or other arrangement with respect to the Transfer of, any Covered Shares or
beneficial ownership, voting power or any other interest thereof or therein (including by operation of Law), (iv) grant any proxies or powers of attorney, deposit any Covered Shares into a voting trust or enter into a voting agreement with respect
to any Covered Shares that is inconsistent with this Agreement or (v)&nbsp;commit or agree to take any of the foregoing actions. Any Transfer in violation of this <U>Section</U><U></U><U>&nbsp;3.2</U> shall be void <I>ab initio</I>. Notwithstanding
anything to the contrary in this Agreement, any Stockholder may Transfer any or all of the Covered Shares, in accordance with applicable Law, (A)&nbsp;to such Stockholder&#8217;s controlled Affiliates, (B)&nbsp;to any Person by will or the Laws of
descent and distribution, (C)&nbsp;to any spouse, lineal descendants, siblings or parents of such Stockholder by gift which is made to achieve the estate planning objectives of such Stockholder, (D)&nbsp;to any trust or similar entity or any
corporation, limited liability company or partnership (1)&nbsp;substantially all of the economic interests of which are held by or for the benefit of such Stockholder or its spouse, lineal descendants, siblings or parents and (2)&nbsp;which is
organized to achieve the estate planning objectives of such Stockholder, (E)&nbsp;under any existing stock sale plan adopted in accordance with Rule <FONT STYLE="white-space:nowrap">10b5-1(c)</FONT> (Rule
<FONT STYLE="white-space:nowrap">10b5-1)</FONT> under the Exchange Act for the sale of shares of Common Stock (a &#8220;<B><FONT STYLE="white-space:nowrap">10b5-1</FONT> Plan</B>&#8221;), (F) to any charitable organization that is tax exempt under
Section&nbsp;501(c)(3) of the Code and (G)&nbsp;to satisfy any Tax liability incurred by such Stockholder in respect of vesting, exercise or settlement of Company RSUs and Company PSUs held by Stockholder, or (y)&nbsp;any Stockholder may Transfer in
open market transactions up to 15% of such Stockholder&#8217;s respective Covered Shares in the aggregate (any Transfer pursuant to any of clauses (x)(A) through (G)&nbsp;or (y) in accordance with this paragraph, a &#8220;<B>Permitted
Transfer</B>&#8221;); <U>provided</U>, that, prior to and as a condition to the effectiveness of any such Transfer pursuant to the foregoing clause (x)(A) through (D)&nbsp;or (F), each Person to whom any of such Covered Shares or any interest in any
of such Covered Shares is or may be transferred shall have executed and delivered to Parent a counterpart of this Agreement in a form reasonably acceptable to Parent pursuant to which such transferee shall be bound by all of the terms and provisions
hereof in which case such transferee shall be deemed a Stockholder hereunder. If any involuntary Transfer of any of the Covered Shares shall occur (including, but not limited to, a sale in any bankruptcy, a sale to a purchaser at any
creditor&#8217;s or court sale or upon the death of such Stockholder pursuant to the terms of any trust or will of such Stockholder or by the applicable Laws of intestate succession), the transferee (which term, as used herein, shall include any and
all transferees and subsequent transferees of the initial transferee) shall take and hold such Covered Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until valid
termination of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.3 <U>Disclosure</U>. Except as required by applicable Law (including, subject to the last sentence of
this <U>Section</U><U></U><U>&nbsp;3.3</U>, in a Form 4, Schedule 13D or 13G Filing which may include this Agreement as an exhibit thereto), the Stockholders (each in its capacity as a stockholder of the Company) shall not, and shall direct their
respective Representatives not to, make any public announcement regarding this Agreement, the Merger Agreement or the transactions contemplated hereby or thereby without the prior written consent of Parent (such consent not to be unreasonably
withheld, conditioned or delayed). Each Stockholder consents to and hereby authorizes Parent and the Company to publish and disclose in all documents and schedules filed with the SEC, and any press release or other disclosure document that Parent or
the Company reasonably determines to be necessary in connection with the Merger and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-96 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
any transactions contemplated by the Merger Agreement, the Stockholder&#8217;s identity and ownership of the Covered Shares, the existence of this Agreement and the nature of the
Stockholder&#8217;s commitments and obligations under this Agreement, and the Stockholder acknowledges that Parent and the Company may, in their sole discretion, file this Agreement or a form hereof with the SEC or any other Governmental Entity.
Each Stockholder agrees to promptly give Parent or the Company, as applicable, any information it may reasonably require for the preparation of any such disclosure documents, and the Stockholder agrees to promptly notify Parent or the Company, as
applicable, of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure document, if and to the extent that the Stockholder shall become aware that any such information shall have
become false or misleading in any material respect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">4. <U>Representations and Warranties of the Stockholders</U>. Each Stockholder hereby
represents and warrants to Parent, severally with respect to such Stockholder only, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.1 <U>Due Authority</U>. Such
Stockholder, if not a natural Person, is a legal entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation. Such Stockholder (x)&nbsp;if a natural Person, as the legal capacity to, and (y)&nbsp;if
not a natural Person, has all requisite corporate or other similar power and authority and has taken all corporate or other similar action necessary (including approval by the board of directors or applicable corporate bodies) to, execute, deliver,
comply with and perform its obligations under this Agreement in accordance with the terms hereof and to consummate the transactions contemplated hereby, and no other action on the part of, or, if such Stockholder is not a natural Person, vote of
holders of any equity securities of, such Stockholder is necessary to authorize the execution and delivery of, compliance with and performance by such Stockholder of this Agreement. This Agreement has been duly executed and delivered by such
Stockholder and, assuming the due execution and delivery of this Agreement by all of the other parties hereto, constitutes a legal, valid and binding agreement of such Stockholder enforceable against such Stockholder in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar Laws affecting creditors&#8217; rights generally and by general principles of equity. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.2 <U>No Conflict</U>. The execution and delivery of, compliance with and performance of this Agreement by such Stockholder do not and will
not (i)&nbsp;if such Stockholder is not a natural Person, conflict with or result in any violation or breach of any provision of the Organizational Documents of such Stockholder, (ii)&nbsp;conflict with or result in a violation or breach of any
applicable Law or order, (iii)&nbsp;require any consent by any Person under, constitute a default, or an event that, with or without notice or lapse of time or both, would constitute a default under, or cause or permit the termination, cancellation
or acceleration of any right or obligation or the loss of any benefit to which such Stockholder is entitled, under any Contract binding upon such Stockholder, or to which any of its properties, rights or other assets are subject or (iv)&nbsp;result
in the creation of a Lien (other than Permitted Liens) on any of the properties or assets (including intangible assets) of such Stockholder, except in the case of clauses (i)&nbsp;through (iv) above, any such violation, breach, conflict, default,
termination, acceleration, cancellation or loss that would not, individually or in the aggregate, reasonably be expected to restrict in any material respect, prohibit or impair the consummation of the Merger or the performance by such Stockholder of
its obligations under this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.3 <U>Consents</U>. No consent, approval, order or authorization of, or registration, declaration
or filing with, any Governmental Entity or any other Person, is required by or with respect to such Stockholder in connection with the execution and delivery of this Agreement or the consummation by such Stockholder of the transactions contemplated
hereby. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-97 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.4 <U>Ownership of the Owned Shares; Voting Power</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;(i) such Stockholder is, as of the date of this Agreement, the record and beneficial owner of the Owned Shares, all of which are free
and clear of any Liens, other than those created by this Agreement or arising under applicable securities Laws, (ii)&nbsp;except for Company RSUs and Company PSUs, such Stockholder does not own, of record, beneficially, synthetically or
constructively, any shares of capital stock of the Company, or other rights to acquire shares of capital stock of the Company, in each case other than the Owned Shares and the Excluded Shares, and (iii)&nbsp;such Stockholder has the sole right to
dispose of the Owned Shares, and none of the Owned Shares is subject to any pledge, disposition, transfer or other agreement, arrangement or restriction, except as contemplated by this Agreement. As of the date hereof, other than any <FONT
STYLE="white-space:nowrap">10b5-1</FONT> Plan, such Stockholder has not entered into any agreement to Transfer any Owned Shares and no Person has a right to acquire, directly or indirectly, any of the Owned Shares held by such Stockholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman">(b) Other than as provided in this Agreement, such Stockholder has full voting power with respect to all of the Owned Shares, and full power
of disposition, full power to issue instructions with respect to the matters set forth herein and full power to agree to all of the matters set forth in this Agreement, in each case with respect to all of the Owned Shares. None of the Owned Shares
are subject to any stockholders&#8217; agreement, proxy, voting trust or other agreement or arrangement with respect to the voting of the Owned Shares, except as provided hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.5 <U>Absence of Litigation</U>. With respect to the Stockholder, as of the date hereof, there is no action, suit, claim, proceeding,
investigation, arbitration or inquiry pending against, or, to the knowledge of the Stockholder, threatened in writing against, and there is no order imposed upon, the Stockholder or any of the Stockholder&#8217;s Owned Shares except as would not,
individually or in the aggregate, reasonably be expected to adversely affect the ability of the Stockholder to perform its obligations under this Agreement in any material respect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.6 <U>Finders Fees</U>. No broker, investment bank, financial advisor or other person is entitled to any broker&#8217;s, finder&#8217;s,
financial adviser&#8217;s or similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of such Stockholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">5. <U>Representations and Warranties of Parent</U>. Parent hereby represents and warrants to the Stockholders as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">5.1 <U>Due Authority</U>. Parent is a legal entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of
formation. Parent has all requisite corporate or other equivalent power and authority and has taken all corporate or other applicable action necessary (including approval by the board of directors or applicable corporate bodies) to execute, deliver,
comply with and perform its obligations under this Agreement in accordance with the terms hereof and to consummate the transactions contemplated hereby, and no other corporate or other applicable action by Parent or vote of holders of any class of
the capital stock of Parent is necessary to approve and adopt this Agreement. This Agreement has been duly executed and delivered by Parent and, assuming the due execution and delivery of this Agreement by all of the other parties hereto,
constitutes a legal, valid and binding agreement of Parent enforceable against Parent in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar
Laws affecting creditors&#8217; rights generally and by general principles of equity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">6. <U>Stockholder Capacity</U>. This Agreement is
being entered into by each Stockholder solely in its capacity as a record and/or beneficial owner of the Owned Shares, and nothing in this Agreement shall restrict or limit the ability of any Stockholder or any of its Affiliates or Representatives
who is a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-98 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
director or officer of the Company or any of its Subsidiaries to take, or refrain from taking, any action in his or her capacity as a director or officer of the Company or any of its
Subsidiaries, including the exercise of fiduciary duties to the Company or the Company Stockholders, and any such action taken in such capacity or any such inaction shall not constitute a breach of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">7. <U><FONT STYLE="white-space:nowrap">Non-Survival</FONT> of Representations, Warranties and Covenants</U>. Other than the covenants and
agreements in <U>Section</U><U></U><U>&nbsp;8</U> and <U>Section</U><U></U><U>&nbsp;23</U>, which shall survive the Effective Time in accordance with their terms, the representations, warranties and covenants contained herein shall not survive the
Effective Time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">8. <U>Waiver of Appraisal and Dissenters&#8217; Rights and Certain Other Actions</U>. Each Stockholder hereby irrevocably
and unconditionally waives, to the fullest extent of applicable Law, and agrees to cause to be waived and not to assert any appraisal rights, any dissenter&#8217;s rights and any similar rights under Section&nbsp;262 of the DGCL or otherwise with
respect to the Covered Shares with respect to the Merger and the transactions contemplated by the Merger Agreement. Each Stockholder agrees not to (and shall cause its Affiliates and its and their Representatives not to), directly or indirectly,
commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or other proceeding, against Parent, Merger Sub, the Company or any of their respective successors
relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Merger, including any proceeding (x)&nbsp;challenging the validity of, or seeking to enjoin the operation of, any provision of
this Agreement or (y)&nbsp;alleging a breach of any fiduciary duty of the Company Board in connection with the Merger Agreement, the Merger or the other transactions contemplated thereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">9. <U>Certain Adjustments</U>. In the event of a stock split, stock dividend or distribution, or any change prior to the Effective Time in the
Common Stock by reason of any <FONT STYLE="white-space:nowrap">split-up,</FONT> reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, the terms &#8220;Common Stock,&#8221; &#8220;Covered Shares,&#8221;
&#8220;Excluded Shares&#8221; and &#8220;Owned Shares&#8221; shall be deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be
changed or exchanged or which are received in such transaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">10. <U>Further Assurances</U>. Each Stockholder shall, from time to time,
execute and deliver, or cause to be executed and delivered, such additional or further consents, documents and other instruments as Parent may reasonably request to the extent necessary to effect the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">11. <U>Notices</U>. All notices, requests and other communications required or permitted to any Party hereunder will be effective only if in
writing and shall be deemed duly given (a)&nbsp;on the date of delivery if delivered personally, (b)&nbsp;on the date sent if sent by facsimile or electronic mail (provided that notice given by facsimile or electronic mail shall be deemed effective
unless the sender receives a bounce-back or error message); (c) on the first Business Day following the date of dispatch if delivered utilizing a <FONT STYLE="white-space:nowrap">next-day</FONT> service by a recognized
<FONT STYLE="white-space:nowrap">next-day</FONT> courier; or (d)&nbsp;on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage
prepaid. All notices hereunder shall be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">if to a Stockholder, to the address set forth on such Stockholder&#8217;s signature page hereto; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-99 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">if to Parent or Merger Sub, to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Gladiatora Designated Activity Company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">277 Park Avenue, 15th Floor</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">New York, New York 10172</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Ichiro Tatara</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Email:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">***</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">with a copy (which will not constitute notice) to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Davis Polk&nbsp;&amp; Wardwell LLP</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">450 Lexington Avenue</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">New York, New York 10017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Email:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">***</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">William Aaronson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Lee Hochbaum</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">12. <U>Interpretation</U>. When a reference is made in this Agreement to a Section or an Exhibit, such
reference shall be to a Section or an Exhibit of or to this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. Any capitalized term used in any Exhibit but not otherwise defined therein shall have the meaning assigned to such term in this Agreement. Whenever the words &#8220;include,&#8221; &#8220;includes&#8221; or &#8220;including&#8221; are
used in this Agreement, they shall be deemed to be followed by the words &#8220;without limitation.&#8221; The words &#8220;hereof,&#8221; &#8220;hereto,&#8221; &#8220;hereby,&#8221; &#8220;herein&#8221; and &#8220;hereunder&#8221; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The term &#8220;or&#8221; is not exclusive. The word &#8220;extent&#8221; in the phrase &#8220;to the
extent&#8221; shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply &#8220;if.&#8221; The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such
terms. All pronouns and any variations thereof refer to the masculine, feminine or neuter as the context may require. Any agreement, instrument or Law defined or referred to herein means such agreement, instrument or Law as from time to time
amended, modified or supplemented, unless otherwise specifically indicated. References to a Person are also to its permitted successors and assigns. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring by virtue of the
authorship of any provisions of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">13. <U>Entire Agreement</U>. This Agreement (along with the documents referenced herein)
and the Merger Agreement collectively constitute the entire agreement, and supersede all other prior agreements, understandings, representations and warranties both written and oral, among the parties hereto, with respect to the subject matter
hereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">14. <U>No Third-Party Beneficiaries</U>. This Agreement shall be binding upon and inure solely to the benefit of the parties
hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement; <U>provided</U>, that the parties hereto acknowledge and agree that the Company is an express third party beneficiary of this Agreement solely for the purposes set forth in <U>Section</U><U></U><U>&nbsp;3.3</U> and
<U>Section</U><U></U><U>&nbsp;20</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-100 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15. <U>Governing Law; Jurisdiction; Venue; Waiver of Jury Trial</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.1 <U>Governing Law</U>. This Agreement and all suits, actions or proceedings (whether based on contract, tort, equity or otherwise) directly
or indirectly arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement or any of the acts or omissions of any party in the negotiation, administration, performance or enforcement hereof or thereof shall
be governed by, and construed in accordance with, the laws of the State of Delaware without giving effect to the principles of conflicts of law thereof or of any other jurisdiction which would require the application of the laws of any other
jurisdiction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.2 <U>Jurisdiction; Venue</U>. Each of the parties hereto irrevocably agrees that any legal action or proceeding arising
out of or relating to this Agreement brought by any party or its Affiliates against any other party or its Affiliates shall be brought and determined in the state or federal courts located in the State of Delaware. Each of the parties hereby
irrevocably submits to the jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement and the
transactions contemplated hereby. Each of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in Delaware, other than actions in any court of competent jurisdiction to enforce any
judgment, decree or award rendered by any such court in Delaware as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that
such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby, (a)&nbsp;any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (b)&nbsp;that it or its property is exempt or immune from
jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c)&nbsp;that (i)
the suit, action or proceeding in any such court is brought in an inconvenient forum, (ii)&nbsp;the venue of such suit, action or proceeding is improper or (iii)&nbsp;this Agreement, or the subject matter hereof, may not be enforced in or by such
courts. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.3 <U>Waiver of Jury Trial</U>. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law,
any right it may have to a trial by jury with respect to this Agreement and all suits, actions or proceedings (whether based on contract, tort, equity or otherwise) arising out of or relating to this Agreement, any of the transactions contemplated
by this Agreement or any of the acts or omissions of any party in the negotiation, administration, performance or enforcement hereof or thereof, as the case may be. Each party hereto (i)&nbsp;certifies that no representative, agent or attorney of
any other party hereto has represented, expressly or otherwise, that such other party hereto would not, in the event of litigation, seek to enforce the foregoing waiver and (ii)&nbsp;acknowledges that it and the other parties hereto have been
induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this <U>Section</U><U></U><U>&nbsp;15.3</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">16. <U>Assignment; Successors</U>. Other than as provided herein, neither this Agreement nor any of the rights, interests or obligations under
this Agreement may be assigned or delegated, in whole or in part, by operation of Law or otherwise, by any party hereto without the prior written consent of the other parties hereto, and any such assignment without such prior written consent shall
be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and assigns. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-101 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">17. <U>Enforcement</U>. The parties acknowledge and agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, and that monetary damages, even if available, would not be an adequate remedy therefor. It is
accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the performance of the terms and provisions of this Agreement. It is
agreed that the parties are entitled to enforce specifically the performance of terms and provisions of this Agreement in any court referred to in <U>Section</U><U></U><U>&nbsp;15.1</U> above, without proof of actual damages (and each party hereby
waives any requirement for the securing or posting of any bond in connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in equity. The parties further agree not to assert that a remedy of
specific enforcement is unenforceable, invalid, contrary to Law or inequitable for any reason, nor to assert that a remedy of monetary damages would provide an adequate remedy for any such breach. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">18. <U>Severability</U>. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or
Law, or public policy, (a)&nbsp;such term or other provision shall be fully separable, (b)&nbsp;this Agreement shall be construed and enforced as if such invalid, illegal or unenforceable provision had never comprised a part hereof, and (c)&nbsp;all
other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as either the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any
party or such party waives its rights under this <U>Section</U><U></U><U>&nbsp;18</U> with respect thereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the purposes of this Agreement are fulfilled to the extent possible. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">19. <U>Counterparts</U>. This Agreement may be executed in one or more counterparts, including by facsimile or by email with .pdf attachments,
all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. No party hereto may raise the use of an electronic
delivery to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or communicated through the use of an electronic delivery, as a defense to the formation of a contract, and each party hereto forever waives
any such defense, except to the extent such defense relates to lack of authenticity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">20. <U>Amendment; Waiver</U>. This Agreement may be
amended by the parties hereto, and the terms and conditions hereof may be waived, only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving
compliance; <U>provided</U> that any amendment to <U>Section</U><U></U><U>&nbsp;3.3</U> or this proviso shall require the prior written consent of the Company. No failure or delay on the part of a party in the exercise of any right or remedy
hereunder shall impair such right or power or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude any other or
further exercise thereof or of any other right or power. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">21. <U>Reliance</U>. Each Stockholder understands and acknowledges that Parent
and Merger Sub are entering into the Merger Agreement in reliance upon the Stockholders&#8217; execution, delivery and performance of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">22. <U>No Agreement until Executed</U>. This Agreement shall not be effective unless and until (i)&nbsp;the Merger Agreement is executed by all
parties thereto and (ii)&nbsp;this Agreement is executed and delivered by all parties hereto. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-102 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">23. <U>Expenses</U>. All fees and expenses incurred in connection herewith and the
transactions contemplated hereby shall be paid by the party hereto incurring such expenses, whether or not the Merger is consummated. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">24.
<U>No Ownership Interest</U>. Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All ownership and economic benefits of and
relating to the Covered Shares shall remain vested in and belong to the applicable Stockholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature pages follow</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-103 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
on the date and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>[STOCKHOLDER]</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Address for Notices:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">c/o Air Lease Corporation</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">2000
Avenue of the Stars, Ste 1000N</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Los Angeles, CA 90067</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Email: ***</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Attention: Carol Forsyte</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Voting Agreement</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-104 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
on the date and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>[PARENT]</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Voting Agreement</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-105 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A to Voting Agreement </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>STOCKHOLDER</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="border-bottom:1.00pt solid #000000"><B>OWNED&nbsp;SHARES</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="border-bottom:1.00pt solid #000000"><B>EXCLUDED&nbsp;SHARES</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Yvette Hollingsworth Clark</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">16,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Cheryl Krongard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">27,647</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Marshall Larsen</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12,937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Susan McCaw</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Ian Saines</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15,199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Matthew Hart</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">57,516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Robert Milton</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">47,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John Plueger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">825,764</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">157,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Steven Udvar-Hazy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5,737,299</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,097,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol Forsyte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">76,740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory Willis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">68,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Excludes 1,000 shares of Common Stock held directly by Mr.&nbsp;Plueger&#8217;s sons, which shall be considered
Excluded Shares for purposes of this Agreement. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Excludes 36,000 shares of Common Stock held by Emerald Financial (a separate trust for each of <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT> four children owns 25% of the membership interests of Emerald LLC), 36,745 shares of Common Stock held directly by <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT>
wife, and 77,550 shares of Common Stock held directly by <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT> four children, all of which shall be considered Excluded Shares for purposes of this Agreement. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-106 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="anxa28474_108"></A>Exhibit B to Merger Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED CERTIFICATE OF INCORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUMISHO AIR LEASE
CORPORATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>(a Delaware corporation) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The undersigned, for the purpose of amending and restating the Restated Certificate of Incorporation of Air Lease Corporation, a Delaware
corporation (the &#8220;<B>Corporation</B>&#8221;),<B> </B>does hereby certify that: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The present name of the Corporation is Air Lease Corporation. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The date of filing of the Corporation&#8217;s (i)&nbsp;original Certificate of Incorporation with the Secretary
of State of the State of Delaware was January&nbsp;22, 2010 and (ii)&nbsp;Restated Certificate of Incorporation with the Secretary of State of the State of Delaware was June&nbsp;3, 2010. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">This Amended and Restated Certificate of Incorporation (this &#8220;<B>Certificate of Incorporation</B>&#8221;)
has been duly adopted and approved by the Board of Directors of the Corporation in accordance with the provisions of Sections 242 and 245 of the Delaware General Corporation Law. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">This Restated Certificate of Incorporation has been duly approved by the written consent of the stockholders of
the Corporation in accordance with the provisions of Sections 228 and 245 of the Delaware General Corporation Law. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The Restated Certificate of Incorporation of the Corporation is hereby amended, and restated in its entirety as
follows: </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">N<SMALL>AME</SMALL> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The name of
the Corporation is Sumisho Air Lease Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE II </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A<SMALL>GENT</SMALL> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The address
of the Corporation&#8217;s registered office in the State of Delaware is Corporation Trust Center, 1209 Orange Street, City of Wilmington, County of New Castle, Delaware 19801. The name of its registered agent at such address is The Corporation
Trust Company. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">P<SMALL>URPOSE</SMALL> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The
purposes for which the Corporation is formed are to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware (the &#8220;<B>DGCL</B>&#8221;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-107 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">S<SMALL>TOCK</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.1.&#8195;<I>Authorized Stock</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;The Corporation shall be authorized to issue 1,001,000 shares of capital stock of which (i) 1,000 shall be shares of common stock,
$0.01 par value, which shall be designated as Class&nbsp;C common stock (the &#8220;<B>Common Stock</B>&#8221;) and (ii) 1,000,000 shall be shares of preferred stock, $0.01 par value (the &#8220;<B>Preferred Stock</B>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;Effective upon the effectiveness of this Certificate of Incorporation under the DGCL, each share of common stock outstanding
immediately prior hereto shall be reclassified automatically and without further action on the part of any holder thereof or otherwise, as one share of Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.2.&#8195;<I>No Class</I><I></I><I>&nbsp;Vote on Changes in Authorized Number of Shares of Stock</I>. Subject to the rights, if
any, of the holders of any outstanding series of Preferred Stock, the number of authorized shares of any class or classes of stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of
the holders of a majority of the stock of the Corporation entitled to vote generally in the election of directors irrespective of the provisions of Section&nbsp;242(b)(2) of the DGCL. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.3.&#8195;<I>Common Stock</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;<I>Voting</I>. Except as otherwise provided by law or by the resolution or resolutions adopted by the board of directors of the
Corporation (the &#8220;<B>Board</B>&#8221;) designating the rights, powers and preferences of any series of Preferred Stock, the Common Stock shall have the exclusive right to vote for the election of directors and for all other purposes. Each
share of Common Stock shall have one vote, and the Common Stock shall vote together as a single class. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;<I>Dividends</I>. The
holders of the Common Stock shall be entitled to receive such dividends if, as and when declared from time to time by the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(c)&#8195;<I>Liquidation</I>. In the event of the voluntary or involuntary liquidation, dissolution, or
<FONT STYLE="white-space:nowrap">winding-up</FONT> of the Corporation, the holders of the Common Stock shall be entitled to receive, ratably in proportion to the number of shares of Common Stock held by them, all the assets of the Corporation of
whatever kind available for distribution to stockholders of the Corporation, after the rights of the holders of the Preferred Stock have been satisfied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.4.&#8195;<I>Preferred Stock</I>. Subject to limitations prescribed by law and the provisions of this Article IV, the Board is
hereby authorized to provide by resolution for the issuance of the shares of Preferred Stock in one or more series, and to establish from time to time the number of shares to be included in each such series, and to fix the designation, powers,
privileges, preferences, and relative participating, optional or other rights, if any, of the shares of each such series and the qualifications, limitations or restrictions thereof. The Amended and Restated Certificates of Designations of the
Corporation&#8217;s Series B, Series C and Series D Preferred Stock are attached hereto as <U>Exhibit I</U>, <U>Exhibit&nbsp;II</U> and <U>Exhibit III</U>, respectively, which Exhibits form part of this Certificate of Incorporation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-108 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The authority of the Board with respect to each series shall include, but not be limited to,
determination of the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;the number of shares constituting such series, including any increase or decrease in the number
of shares of any such series (but not below the number of shares in any such series then outstanding), and the distinctive designation of such series; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;the dividend rate on the shares of such series, if any, whether dividends shall be cumulative, and, if so, from which date or dates,
and the relative rights of priority, if any, of payment of dividends on shares of such series; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(c)&#8195;whether the shares of such
series shall have voting rights (including multiple or fractional votes per share) in addition to the voting rights provided by law, and, if so, the terms of such voting rights; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(d)&#8195;whether the shares of such series shall have conversion privileges, and, if so, the terms and conditions of such privileges,
including provision for adjustment of the conversion rate in such events as the Board shall determine; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(e)&#8195;whether or not the
shares of such series shall be redeemable or subject to repurchase, and if so, the terms and conditions of such redemption or repurchase, including the date or dates upon or after which they shall be redeemable or subject to repurchase, and the
amount per share payable in case of redemption or repurchase, which amount may vary under different conditions and at different redemption or repurchase rates; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(f)&#8195;whether a sinking fund shall be provided for the redemption or purchase of shares of such series, and, if so, the terms and the
amount of such sinking fund; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(g)&#8195;the rights of the shares of such series in the event of voluntary or involuntary liquidation,
dissolution or winding up of the Corporation, and the relative rights of priority, if any, of payment of shares of such series; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(h)&#8195;any other relative rights, preferences and limitations of such series. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE V </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B<SMALL>OARD</SMALL>
<SMALL>OF</SMALL> D<SMALL>IRECTORS</SMALL> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.1.&#8195;<I>Number</I>. Except as otherwise provided for, or fixed pursuant to
Section&nbsp;5.2(c) or the provisions of Article IV of this Certificate of Incorporation relating to the rights of holders of any series of Preferred Stock to elect additional directors in certain circumstances, the Board shall consist of such
number of directors as fixed from time to time pursuant to the Bylaws of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.2.&#8195;<I>Vacancies;
Removal</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;Subject to the rights of the holders of any one or more series of Preferred Stock then outstanding, newly created
directorships resulting from any increase in the authorized number of directors or any vacancies in the Board resulting from death, resignation, retirement, disqualification, removal from office or other cause shall, unless otherwise provided by
law, be filled solely by the affirmative vote of a majority of the remaining directors then in office, even though less than a quorum </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-109 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of the Board. Any director so chosen shall hold office until the next election of directors and until his successor shall be elected and qualified, subject to his earlier death, disqualification,
resignation or removal. No decrease in the authorized number of directors shall shorten the term of any incumbent director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;Subject to the rights of the holders of any one or more series of Preferred Stock then outstanding, unless otherwise restricted by
law, any director or the entire Board may be removed, with or without cause, by the holders of a majority of the voting power of all issued and outstanding stock entitled to vote at an election of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(c)&#8195;During any period when the holders of any series of Preferred Stock have the right to elect additional directors as provided for or
fixed pursuant to the provisions of Article IV hereof, then upon commencement and for the duration of the period during which such right continues: (i)&nbsp;the then otherwise total authorized number of directors of the Corporation shall
automatically be increased by such specified number of directors, and the holders of such Preferred Stock shall be entitled to elect the additional directors so provided for or fixed pursuant to said provisions and (ii)&nbsp;each such additional
director shall serve until such director&#8217;s successor shall have been duly elected and qualified, or until such director&#8217;s right to hold such office terminates pursuant to said provisions, whichever occurs earlier, subject to his earlier
death, disqualification, resignation or removal. Except as otherwise provided by the Board in the resolution or resolutions establishing such series, whenever the holders of any series of Preferred Stock having such right to elect additional
directors are divested of such right pursuant to the provisions of such stock, the terms of office of all such additional directors elected by the holders of such stock, or elected to fill any vacancies resulting from the death, resignation,
disqualification or removal of such additional directors, shall forthwith terminate and the total authorized number of directors of the Corporation shall be reduced accordingly. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.3.&#8195;<I>Powers</I>. Except as otherwise expressly provided by the DGCL or this Certificate of Incorporation, the management
of the business and the conduct of the affairs of the Corporation shall be vested in its Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.4.&#8195;<I>Election</I>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;<I>Ballot Not Required</I>. The directors of the Corporation need not be elected by written ballot unless the Bylaws of the
Corporation so provide. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;<I>Notice</I>. Advance notice of stockholder nominations for the election of directors shall be given
in the manner and to the extent provided in the Bylaws of the Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE VI </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">S<SMALL>TOCKHOLDER</SMALL> A<SMALL>CTION</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Except as otherwise provided for or fixed pursuant to the provisions of Article IV of this Certificate of Incorporation relating to the rights
of holders of any series of Preferred Stock, any action that is required or permitted to be taken by the stockholders of the Corporation at any annual or special meeting of stockholders may be effected by written consent of stockholders holding a
majority in voting interest in lieu of a meeting of stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-110 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE VII </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">S<SMALL>PECIAL</SMALL> M<SMALL>EETINGS</SMALL> <SMALL>OF</SMALL> S<SMALL>TOCKHOLDERS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Except as otherwise provided for or fixed pursuant to the provisions of Article IV of this Certificate of Incorporation relating to the rights
of holders of any series of Preferred Stock, a special meeting of the stockholders of the Corporation may be called at any time by the majority of the Board. Only such business shall be conducted at a special meeting of stockholders as shall have
been brought before the meeting pursuant to the Corporation&#8217;s notice of meeting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE VIII </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">E<SMALL>XISTENCE</SMALL> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">The
Corporation shall have perpetual existence. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE IX </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A<SMALL>MENDMENT</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;9.1.&#8195;<I>Amendment of Certificate of Incorporation</I>. The Corporation reserves the right to amend, alter, change or repeal
any provision contained in this Certificate of Incorporation, in the manner now or hereafter prescribed by the laws of the State of Delaware, and all rights conferred herein are granted subject to this reservation; <I>provided</I>, <I>however</I>,
that in addition to any requirements of law and any other provision of this Certificate of Incorporation, and subject to the rights of the holders of any one or more series of Preferred Stock then outstanding, the affirmative vote of the holders of
a majority in voting power of the issued and outstanding stock entitled to vote generally in the election of directors, voting together as a single class, shall be required to amend or repeal, or adopt any provision inconsistent with, any provision
of this Certificate of Incorporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;9.2.&#8195;<I>Amendment of Bylaws</I>. In furtherance and not in limitation of the
powers conferred by the laws of the State of Delaware, the Bylaws of the Corporation may be adopted, amended or repealed by action of a majority of the Board. In addition to any requirements of law and any other provision of this Certificate of
Incorporation or the Bylaws of the Corporation, and subject to the rights of the holders of any one or more series of Preferred Stock then outstanding, the affirmative vote of the holders of a majority in voting power of the issued and outstanding
stock entitled to vote generally in the election of directors, voting together as a single class, shall be required for the stockholders to amend or repeal, or adopt any provision inconsistent with, any Bylaw of the Corporation. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE X </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">L<SMALL>IABILITY</SMALL> <SMALL>OF</SMALL> D<SMALL>IRECTORS</SMALL> <SMALL>AND</SMALL> I<SMALL>NDEMNIFICATION</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;10.1.&#8195;<I>No Personal Liability</I>. To the fullest extent permitted by the DGCL as the same exists or as may hereafter be
amended, no director of the Corporation shall be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;10.2.&#8195;<I>Amendment or Repeal</I>. Any amendment, alteration or repeal of this Article X that adversely affects any right of
a director shall be prospective only and shall not limit or eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-111 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;10.3.&#8195;<I>Right to Indemnification</I>. Each person who was or is a party
or is threatened to be made a party to, or was or is otherwise involved in, any action, suit, arbitration, alternative dispute mechanism, inquiry, judicial, administrative or legislative hearing, investigation or any other threatened, pending or
completed proceeding, whether brought by or in the right of the Corporation or otherwise, including any and all appeals, whether of a civil, criminal, administrative, legislative, investigative or other nature, by reason of the fact that he or she
is or was a director of the Corporation, shall be indemnified and held harmless by the Corporation to the fullest extent authorized by the DGCL, as the same exists or may hereafter be amended, against all expense, liability and loss actually and
reasonably incurred by such indemnitee in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">Section&nbsp;10.4.&#8195;<I><FONT STYLE="white-space:nowrap">Non-Exclusivity</FONT> of Rights</I>. The rights to indemnification conferred in
this Article X shall not be exclusive of any other right which any person may have or hereafter acquire under any law, agreement, vote of stockholders or directors, provisions of the Bylaws of the Corporation, this Certificate of Incorporation or
otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">*** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-112 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned corporation has caused this Certificate of Incorporation
to be signed by [&#8195;], its [&#8195;]. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Dated: [&#8195;] </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:11pt"><B>SUMISHO AIR LEASE CORPORATION</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>Name: [&#8195;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>Title:&#8194;&#8196;[&#8195;]</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:600pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Signature Page to Certificate of Incorporation (Surviving Corporation)</I>]<I> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-113 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT I TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED CERTIFICATE OF DESIGNATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>4.650% FIXED-RATE
RESET </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">NON-CUMULATIVE</FONT> PERPETUAL PREFERRED STOCK, SERIES B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUMISHO AIR LEASE
CORPORATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Pursuant to Section&nbsp;151 of the </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Delaware General Corporation Law </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumisho Air
Lease Corporation (formerly Air Lease Corporation), a Delaware corporation (the &#8220;<B>Corporation</B>&#8221;), hereby certifies that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In accordance
with the resolutions of the Board of Directors of the Corporation (the &#8220;<B>Board of Directors</B>&#8221;) adopted in an action by unanimous written consent dated [&#9679;], [&#9679;], the Certificate of Designations for the Series B Preferred
Stock (as defined below) is hereby amended and restated as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;1.</B> <B>Designation</B>. The distinctive serial
designation of such series is &#8220;4.650% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series B&#8221; (&#8220;<B>Series B Preferred Stock</B>&#8221;). Each share of the Series B Preferred
Stock shall be identical in all respects to every other share of the Series B Preferred Stock, except that shares of the Series B Preferred Stock issued after March&nbsp;2, 2021 (the &#8220;<B>Original Issue Date</B>&#8221;) shall accrue dividends
from the later of the Original Issue Date and the Dividend Payment Date (as defined herein), if any, immediately prior to the original issue date of such additional shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;2.</B> <B>Number of Authorized Shares</B>. The number of authorized shares of the Series B Preferred Stock shall initially be
300,000; <I>provided</I>, however, that any additional shares of the Series B Preferred Stock must be deemed to form a single series with the Series B Preferred Stock issued pursuant to this Certificate of Designations. The number of authorized
shares of the Series B Preferred Stock may from time to time be increased (but not in excess of the then authorized total number of shares of preferred stock, less all shares of any other series of preferred stock authorized at the time of such
increase) or decreased (but not below the number of shares of the Series B Preferred Stock then outstanding) by resolution of the Board of Directors (or a duly authorized committee of the Board of Directors), without the vote or consent of the
holders of the Series B Preferred Stock. Shares of the Series B Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall be cancelled and shall revert to authorized but unissued shares of preferred stock
undesignated as to series. The Corporation shall have the authority to issue fractional shares of the Series B Preferred Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-114 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;3.</B> <B>Definitions</B>. As used herein with respect to the Series B
Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) &#8220;<B>accrual</B>&#8221; (or similar terms) used with respect to a dividend or Dividend Period refers only to the determination
of the amount of such dividend and does not imply that any right to a dividend in any Dividend Period that arises prior to the date on which such dividend is declared. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) &#8220;<B>Adjustments</B>&#8221; has the meaning set forth in in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) &#8220;<B>Amended and Restated Bylaws</B>&#8221; means the fifth amended and restated bylaws of the Corporation, as it may be amended from time to time.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) &#8220;<B>Board of Directors</B>&#8221; has the meaning set forth in the Preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) &#8220;<B>Business Day</B>&#8221; means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in The City of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) &#8220;<B>Calculation Agent</B>&#8221; means, at any time, the
Corporation, an entity affiliated with the Corporation, or the person or entity appointed by the Corporation pursuant to a calculation agent agreement between the Corporation and a calculation agent and serving as such agent with respect to the
Series B Preferred Stock at such time (including any successor to such person or entity). Deutsche Bank Trust Company Americas will be the calculation agent for the Series B Preferred Stock as of the Original Issue Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(g) &#8220;<B>Certificate of Designations</B>&#8221; means this Certificate of Designations relating to the Series B Preferred Stock, as it may be amended or
supplemented from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(h) &#8220;<B>Certificate of Incorporation</B>&#8221; means the certificate of incorporation of the Corporation, as
amended and restated on the date hereof and as it may be further amended from time to time and shall include this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i)
&#8220;<B>Common Stock</B>&#8221; means the Class&nbsp;C common stock, par value $0.01 per share, of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(j)
&#8220;<B>Corporation</B>&#8221; has the meaning set forth in the Preamble. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(k) &#8220;<B>Current Methodology</B>&#8221; has the meaning set forth in the
definition of &#8220;Rating Agency Event.&#8221; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(l) &#8220;<B>Dividend Parity Stock</B>&#8221; means any class or series of capital stock of the
Corporation that ranks on a parity with the Series B Preferred Stock as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative),</FONT> including the Series C Preferred Stock and the
Series D Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(m) &#8220;<B>Dividend Payment Date</B>&#8221; has the meaning set forth in Section&nbsp;4(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(n) &#8220;<B>Dividend Period</B>&#8221; means each period from and including a Dividend Payment Date (except that the initial Dividend Period shall commence
on and include the Original Issue Date of the Series B Preferred Stock) and continuing to, but excluding, the next succeeding Dividend Payment Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(o)
&#8220;<B>DTC</B>&#8221; means The Depository Trust Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(p) &#8220;<B>Exchange Act</B>&#8221; means the Securities Exchange Act of 1934, as amended.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-115 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(q) &#8220;<B>Five-year U.S. Treasury Rate</B>&#8221; means, as of any Reset Dividend Determination Date, as
applicable: (i)&nbsp;the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, for the five Business Days appearing (or, if fewer than five Business Days appear, such number of
Business Days appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the most recently published H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination; or (ii)&nbsp;if there are no such published yields
on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, then the rate will be determined by interpolation between the average of the yields on actively traded U.S. treasury securities adjusted to constant
maturity for two series of actively traded U.S. treasury securities, (A)&nbsp;one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date and (B)&nbsp;the other maturing as
close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days
appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Corporation, in its sole discretion, determines that the Five-year U.S. Treasury Rate cannot be determined in the manner applicable for such rate
(which, as of the Original Issue Date, is pursuant to the methods described in clauses (i)&nbsp;or (ii) above) (a &#8220;<B>Rate Substitution Event</B>&#8221;), the Corporation may, in its sole discretion, designate an unaffiliated agent or advisor,
which may include an unaffiliated underwriter for the offering of the Series B Preferred Stock or any affiliate of any such underwriter (the &#8220;<B>Designee</B>&#8221;), to determine whether there is an industry-accepted successor rate to the
then-applicable base rate (which, as of the Original Issue Date, is the initial base rate). If the Designee determines that there is such an industry-accepted successor rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; shall be such
successor rate and, in that case, the Designee may adjust the spread and may determine and adjust the business day convention, the definition of Business Day and the Reset Dividend Determination Date to be used and any other relevant methodology for
determining or otherwise calculating such successor rate, including any adjustment factor needed to make such successor rate comparable to the then-applicable base rate (which, as of the Original Issue Date, is the initial base rate) in each case,
in a manner that is consistent with industry-accepted practices for the use of such successor rate (the &#8220;<B>Adjustments</B>&#8221;). If the Corporation, in its sole discretion, does not designate a Designee or if the Designee determines that
there is no industry-accepted successor rate to then-applicable base rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; will be the same interest rate (<I>i.e.</I>, the same Five-year U.S. Treasury Rate) determined for the prior Reset
Dividend Determination Date or, if this sentence is applicable with respect to the first Reset Dividend Determination Date, 0.574%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(r) &#8220;<B>First
Reset Date</B>&#8221; means June&nbsp;15, 2026. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(s) &#8220;<B>H.15 Daily Update</B>&#8221; means the daily statistical release designated as such, or any
successor publication, published by the Federal Reserve Bank of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(t) &#8220;<B>Junior Stock</B>&#8221; means the Common Stock and any other
class or series of capital stock of the Corporation that ranks junior to the Series B Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and/or as
to the distribution of assets upon the liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(u) &#8220;<B>Liquidation Preference</B>&#8221; has the
meaning set forth in Section&nbsp;5. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-116 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) &#8220;<B>Liquidation Preference Junior Stock</B>&#8221; means any class or series of stock of the
Corporation that ranks junior to the Series B Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(w) &#8220;<B>Liquidation Preference Parity Stock</B>&#8221; means any class or series of capital stock of the Corporation that ranks on a parity with the
Series B Preferred Stock in the distribution of assets on the liquidation, dissolution or winding up of the Corporation, including the Series C Preferred Stock and the Series D Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(x) &#8220;<B>Nonpayment</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(y) &#8220;<B>Original Issue Date</B>&#8221; has the meaning set forth in Section&nbsp;1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(z) &#8220;<B>Preferred Stock Directors</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(aa) &#8220;<B>Rate Substitution Event</B>&#8221; has the meaning set forth in in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(bb) &#8220;<B>Rating Agency Event</B>&#8221; means that any &#8220;nationally recognized statistical rating organization&#8221; within the meaning of
Section&nbsp;3(a)(62) of the Exchange Act that then publishes a rating for the Corporation amends, clarifies or changes the methodology or criteria that it employed for purposes of assigning equity credit to securities such as the Series B Preferred
Stock on the Original Issue Date of the Series B Preferred Stock (the &#8220;<B>Current Methodology</B>&#8221;), which amendment, clarification or change either (i)&nbsp;shortens the period of time during which equity credit pertaining to the Series
B Preferred Stock would have been in effect had the Current Methodology not been changed or (ii)&nbsp;reduces the amount of equity credit assigned to the Series B Preferred Stock as compared with the amount of equity credit that such rating agency
had assigned to the Series B Preferred Stock as of the Original Issue Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(cc) &#8220;<B>Reset Date</B>&#8221; means the First Reset Date and each date
falling on the fifth anniversary of the preceding Reset Date, including the First Reset Date, which will not be adjusted for Business Days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(dd)
&#8220;<B>Reset</B> <B>Dividend Determination Date</B>&#8221; means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ee) &#8220;<B>Reset Period</B>&#8221; means the period from and including the First Reset Date to, but excluding, the next following Reset Date and
thereafter each period from and including each Reset Date to, but excluding, the next following Reset Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ff) &#8220;<B>Senior Stock</B>&#8221; means
any other class or series of the Corporation&#8217;s capital stock ranking senior to the Series B Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT>
and/or as to the distribution of assets upon the liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(gg) &#8220;<B>Series B Preferred
Stock</B>&#8221; has the meaning set forth in Section&nbsp;1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(hh) &#8220;<B>Series C Preferred Stock</B>&#8221; means the Corporation&#8217;s 4.125%
Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series C. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) &#8220;<B>Series D Preferred
Stock</B>&#8221; means the Corporation&#8217;s 6.000% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series D. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-117 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(jj) &#8220;<B>Stated Amount</B>&#8221; means, in respect of the Series B Preferred Stock, $1,000.00 per
share, and, in respect of any other series of capital stock, the stated amount per share specified in the Certificate of Incorporation or applicable certificate of designations (including, in the case of any series that does not use the words
&#8220;stated amount,&#8221; the specified amount of any preference upon the voluntary or involuntary liquidation, dissolution or winding up, without regard to any unpaid dividends that may also be included in the liquidation preference with respect
to such shares). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(kk) &#8220;<B>Transfer Agent</B>&#8221; means the transfer agent with respect to the Series B Preferred Stock, which shall be American
Stock Transfer&nbsp;&amp; Trust Company, LLC as of the Original Issue Date, and its successor, including any successor transfer agent appointed by the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ll) &#8220;<B>Voting Preferred Stock</B>&#8221; means any other class or series of preferred stock of the Corporation ranking equally with the Series B
Preferred Stock, including the Series C Preferred Stock and the Series C Preferred Stock, as to dividends (whether cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and the distribution of assets upon the liquidation, dissolution
or winding up of the Corporation and upon which like voting rights to the Series B Preferred Stock have been conferred and are exercisable. Whether a plurality, majority or other portion of the shares of the Series B Preferred Stock, Series C
Preferred Stock and Series D Preferred Stock and any other Voting Preferred Stock have been voted in favor of any matter shall be determined by reference to the Liquidation Preference of the shares voted. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;4.</B> <B>Dividends</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a)
<B>Rate</B>. Holders of the Series B Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors (or a duly authorized committee of the Board of Directors), only out of funds legally available therefor, <FONT
STYLE="white-space:nowrap">non-cumulative</FONT> cash dividends for each Dividend Period payable on the Stated Amount per share of the Series B Preferred Stock at a rate per annum equal to (i) 4.650% from the Original Issue Date to, but excluding,
the First Reset Date and (ii)&nbsp;the Five-year U.S. Treasury Rate applicable to such Reset Period plus 4.076%, from and including the First Reset Date, in each of cases (i)&nbsp;and (ii), payable quarterly, in arrears, on March&nbsp;15,
June&nbsp;15, September&nbsp;15 and December&nbsp;15 of each year, beginning on June&nbsp;15, 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each date on which dividends are payable pursuant to
this Section&nbsp;4, subject to adjustment as provided below, is a &#8220;<B>Dividend Payment Date</B>&#8221;, and dividends for each Dividend Payment Date are payable with respect to the Dividend Period (or portion thereof) ending on the day
preceding such respective Dividend Payment Date, in each case to holders of record on the 15th calendar day before such Dividend Payment Date or such other record date not more than 30 nor less than 10 days preceding such Dividend Payment Date fixed
for that purpose by the Board of Directors (or a duly authorized committee of the Board of Directors) in advance of payment of each particular dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Business Day Convention</B>. If any Dividend Payment Date is not a Business Day, then such date will nevertheless be a Dividend Payment Date, but
dividends on the Series B Preferred Stock, when, as and if declared, will be paid on the next succeeding Business Day (without adjustment in the amount of the dividend per share of the Series B Preferred Stock). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Dividend Computation</B>. The amount of the dividend per share of the Series B Preferred Stock for each Dividend Period (or portion thereof) will be
calculated on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year consisting of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The applicable dividend rate for each Dividend Period during a Reset Period will be determined by the Calculation Agent, as of the applicable Reset Dividend
Determination Date for such Reset Period. On </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-118 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
each Reset Dividend Determination Date, the Calculation Agent will notify the Corporation of the dividend rate for each Dividend Period during the applicable Reset Period. The Calculation
Agent&#8217;s determination of any dividend rate and its calculation of the amount of dividends for any Dividend Period, and a record maintained by the Corporation of any Rate Substitution Event and any Adjustments, will be on file at the
Corporation&#8217;s principal offices, will be made available to any holder of the Series B Preferred Stock upon request and will be final and binding in the absence of manifest error. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Dividends <FONT STYLE="white-space:nowrap">Non-cumulative</FONT></B>. Dividends on shares of the Series B Preferred Stock are not cumulative and are
not mandatory. If the Board of Directors (or a duly authorized committee of the Board of Directors) does not declare a dividend on the Series B Preferred Stock in respect of a Dividend Period, then holders of the Series B Preferred Stock shall not
be entitled to receive any dividends, and the Corporation will have no obligation to pay any dividend for that Dividend Period, whether or not dividends on the Series B Preferred Stock or any other series of the Corporation&#8217;s preferred stock
or Common Stock are declared for any future dividend period. No interest or sum of money in lieu of interest or dividends will be payable in respect of any dividend not declared by the Board of Directors (or a duly authorized committee of the Board
of Directors). Holders of the Series B Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than dividends (if any) declared and payable on the Series B Preferred Stock as specified in
this Section&nbsp;4 (subject to the other provisions of this Certificate of Designations). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Priority of Dividends and Redemption and Repurchase of
Junior Stock and Dividend Parity Stock</B>. So long as any share of the Series B Preferred Stock remains outstanding, unless dividends on all outstanding shares of the Series B Preferred Stock for the most recently completed Dividend Period have
been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, (i)&nbsp;no dividend may be declared or paid or set aside for payment, and no distribution may be made, on any Junior Stock, (ii)&nbsp;no
shares of Junior Stock shall be purchased, redeemed or otherwise acquired for consideration by the Corporation, directly or indirectly, and (iii)&nbsp;no shares of Dividend Parity Stock shall be purchased, redeemed or otherwise acquired for
consideration by the Corporation, directly or indirectly, other than, in each case: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) repurchases, redemptions or other acquisitions of shares of
Junior Stock as a result of (x)&nbsp;a reclassification of Junior Stock for or into other Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Junior Stock for or into one or more shares of Junior Stock or (z)&nbsp;the purchase
of fractional interests in shares of Junior Stock under the conversion or exchange provisions of Junior Stock or the security being converted or exchanged; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) repurchases, redemptions or other acquisitions of shares of Junior Stock, through the use of the proceeds of a substantially contemporaneous sale of
other shares of Junior Stock; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) repurchases, redemptions or other acquisitions of shares of Junior Stock in connection with (x)&nbsp;any employment
contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors or consultants or (y)&nbsp;a dividend reinvestment or stockholder stock purchase plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iv) any declaration of a dividend in connection with any stockholders&#8217; rights plan, or the issuance of rights, stock or other property under any
stockholders&#8217; rights plan, or the redemption or repurchase of rights pursuant to the plan; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-119 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) any dividend paid on Junior Stock in the form of stock, warrants, options or other rights where the
dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or is other Junior Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vi) any <I>pro rata</I> purchase or <I>pro rata</I> exchange of all or a <I>pro rata </I>portion of the Series B Preferred Stock and any Dividend Parity
Stock pursuant to an offer made on the same terms to holders of all shares of the Series B Preferred Stock and to holders of all shares of any Dividend Parity Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock as a result of (x)&nbsp;a reclassification of Dividend Parity Stock
for or into other Dividend Parity Stock or Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Dividend Parity Stock for or into one or more shares of other Dividend Parity Stock or Junior Stock or (z)&nbsp;the purchase of
fractional interests in shares of Dividend Parity Stock under the conversion or exchange provisions of Dividend Parity Stock or the security being converted or exchanged; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(viii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock through the use of the proceeds of a substantially contemporaneous
sale of other shares of Dividend Parity Stock or Junior Stock; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ix) purchases of shares of the Corporation&#8217;s Common Stock pursuant to a
contractually binding stock repurchase plan existing prior to the preceding Dividend Period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Board of Directors (or a duly authorized committee of
the Board of Directors) elects to declare only partial instead of full dividends for a Dividend Payment Date and related Dividend Period on the shares of the Series B Preferred Stock or any Dividend Parity Stock (which terms include, in the case of
the Series B Preferred Stock, the Dividend Payment Dates and Dividend Periods provided for herein), then, to the extent permitted by the terms of the Series B Preferred Stock and each outstanding series of Dividend Parity Stock, such partial
dividends shall be declared on shares of the Series B Preferred Stock and Dividend Parity Stock, and dividends so declared shall be paid, as to any such dividend payment date and related dividend period, in amounts such that the ratio of the partial
dividends declared and paid on each such series to full dividends on each such series is the same. As used in this paragraph, &#8220;<B>full dividends</B>&#8221; means, as to any Dividend Parity Stock that bears dividends on a cumulative basis, the
amount of dividends that would need to be declared and paid to bring such Dividend Parity Stock current in dividends, including undeclared dividends for past dividend periods. To the extent a dividend period with respect to the Series B Preferred
Stock or any series of Dividend Parity Stock (in either case, the &#8220;<B>first series</B>&#8221;) coincides with more than one dividend period with respect to another series as applicable (in either case, a &#8220;<B>second series</B>&#8221;),
then, for purposes of this paragraph the Board of Directors (or a duly authorized committee of the Board of Directors) may, to the extent permitted by the terms of each affected series, treat such dividend period for the first series as two or more
consecutive dividend periods, none of which coincides with more than one dividend period with respect to the second series, or may treat such dividend period(s) with respect to any Dividend Parity Stock and Dividend Period(s) with respect to the
Series B Preferred Stock for purposes of this paragraph in any other manner that it deems to be fair and equitable in order to achieve ratable payments of dividends on such Dividend Parity Stock and the Series B Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to the foregoing, dividends (payable in cash, stock or otherwise) as may be determined by the Board of Directors (or a duly authorized committee of
the Board of Directors) may be declared and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-120 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
paid on any Common Stock or other Junior Stock from time to time out of any funds legally available therefor, and the shares of the Series B Preferred Stock shall not be entitled to participate
in any such dividend. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;5.</B> <B>Liquidation Rights</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Voluntary or Involuntary Liquidation</B>. In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or
involuntary, before any distribution or payment out of the assets of the Corporation may be made to or set aside for the holders of any Liquidation Preference Junior Stock, holders of the Series B Preferred Stock will be entitled to receive out of
the assets of the Corporation legally available for distribution to its stockholders (<I>i.e.</I>, after satisfaction of all of the Corporation&#8217;s liabilities to creditors, if any) an amount equal to the Stated Amount, plus any dividends that
have been declared but not paid prior to the date of payment of distributions to stockholders, without regard to any undeclared dividends (the &#8220;<B>Liquidation Preference</B>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Partial Payment</B>. If the assets of the Corporation are not sufficient to pay the Liquidation Preference in full to all holders of the Series B
Preferred Stock and all holders of any Liquidation Preference Parity Stock, the amounts paid to the holders of the Series B Preferred Stock and to the holders of all Liquidation Preference Parity Stock shall be <I>pro</I> <I>rata</I> in accordance
with the respective aggregate Liquidation Preferences of the Series B Preferred Stock and all such Liquidation Preference Parity Stock. In any such distribution, the &#8220;<B>Liquidation Preference</B>&#8221; of any holder of stock of the
Corporation other than the Series B Preferred Stock means the amount otherwise payable to such holder in such distribution (assuming no limitation on the assets of the Corporation available for such distribution), including an amount equal to any
declared but unpaid dividends in the case of any holder or stock on which dividends accrue on a <FONT STYLE="white-space:nowrap">non-cumulative</FONT> basis and, in the case of any holder of stock on which dividends accrue on a cumulative basis, an
amount equal to any unpaid, accrued, cumulative dividends, whether or not earned or declared, as applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Residual Distributions</B>. If the
Liquidation Preference has been paid in full to all holders of the Series B Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Liquidation Preference Junior Stock will be entitled to receive all remaining
assets of the Corporation according to their respective rights and preferences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Merger, Consolidation and Sale of Assets Not Liquidation</B>. For
purposes of this Section&nbsp;5, the merger, consolidation or other business combination of the Corporation with or into any other corporation, including a transaction in which the holders of the Series B Preferred Stock receive cash or property for
their shares, or the sale, conveyance, lease, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the assets of the Corporation, shall not constitute a liquidation, dissolution or
winding up of the Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;6.</B> <B>Redemption</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Optional Redemption</B>. The Series B Preferred Stock is perpetual and has no maturity date. The Corporation may, at its option, redeem the shares of
the Series B Preferred Stock (i)&nbsp;in whole or in part, from time to time, on any Dividend Payment Date on or after the First Reset Date for cash at a redemption price of the Stated Amount per share or (ii)&nbsp;in whole but not in part, at any
time within 120&nbsp;days after the conclusion of any review or appeal process instituted by us following the occurrence of a Rating Agency Event, or, if no review or appeal process is available or sought with respect to such Rating Agency Event, at
any time within 120 days after the occurrence of such Rating Agency Event, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-121 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
at a redemption price in cash equal to $1,020.00 per share, in each of cases (i)&nbsp;and (ii), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption (the
&#8220;<B>redemption date</B>&#8221;), without accumulation of any undeclared dividends. The redemption price for any shares of the Series B Preferred Stock shall be payable on the redemption date to the holder of such shares against surrender of
the certificate(s) evidencing such shares to the Corporation or its agent, if the shares of the Series B Preferred Stock are issued in certificated form. Any declared but unpaid dividends payable on a redemption date that occurs subsequent to the
applicable record date for a Dividend Period shall not be paid to the holder entitled to receive the redemption price on the redemption date, but rather shall be paid to the holder of record of the redeemed shares on such record date relating to the
applicable Dividend Payment Date as provided in Section&nbsp;4 above. On and after the redemption date, dividends will cease to accrue on shares of the Series B Preferred Stock, and such shares of the Series B Preferred Stock shall no longer be
deemed outstanding and all rights of the holders of such shares will terminate, except the right to receive the redemption price plus any declared and unpaid dividends, without regard to any undeclared dividends, on such shares to, but excluding,
the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>No Sinking Fund</B>. The Series B Preferred Stock is not subject to any mandatory redemption, sinking fund or other similar
provisions. Holders of the Series B Preferred Stock have no right to require redemption of any shares of the Series B Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Notice of
Redemption</B>. Notice of every redemption of shares of the Series B Preferred Stock shall be given by first class mail, postage prepaid, addressed to the holders of record of the shares to be redeemed at their respective last addresses appearing on
the books of the Corporation. Such mailing shall be at least 10 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Subsection shall be conclusively presumed to have been duly given, whether or
not the holder receives such notice, but failure to duly give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder of shares of the Series B Preferred Stock designated for redemption shall not affect the
validity of the proceedings for the redemption of any other shares of the Series B Preferred Stock. Notwithstanding the foregoing, if the shares of the Series B Preferred Stock are issued in book-entry form through DTC or any other similar facility,
notice of redemption may be given to the holders of the Series B Preferred Stock at such time and in any manner permitted by such facility. Each such notice given to a holder shall state: (1)&nbsp;the redemption date; (2)&nbsp;the number of shares
of the Series B Preferred Stock to be redeemed and, if less than all shares of the Series B Preferred Stock held by the holder are to be redeemed, the number of shares of the Series B Preferred Stock to be redeemed from such holder or the method for
determining such number; (3)&nbsp;the redemption price; (4)&nbsp;if the Series B Preferred Stock is evidenced by definitive certificates, the place or places where certificates for such shares of the Series B Preferred Stock are to be surrendered
for payment of the redemption price; and (5)&nbsp;that dividends on such shares will cease to accrue on and after the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Partial
Redemption</B>. In case of any redemption of only part of the shares of the Series B Preferred Stock at the time outstanding, the shares to be redeemed shall be selected either on a <I>pro</I> <I>rata</I> basis (as nearly as practicable without
creating fractional shares) or by lot or in such other manner as the Board of Directors (or a duly authorized committee of the Board of Directors) may determine to be fair and equitable. Subject to the provisions hereof, the Board of Directors (or a
duly authorized committee of the Board of Directors) shall have full power and authority to prescribe the terms and conditions on which shares of the Series B Preferred Stock shall be redeemed from time to time. If the Corporation shall have issued
certificates for the Series B Preferred Stock and fewer than all shares represented by any certificates are redeemed, new certificates shall be issued representing the unredeemed shares without charge to the holders thereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-122 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Effectiveness of Redemption</B>. If notice of redemption has been duly given, and if on or before the
redemption date specified in the notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other funds, in trust for the <I>pro</I> <I>rata</I> benefit of the holders of the shares called for
redemption, so as to be and continue to be available for that purpose, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation in the case that the shares of the Series B Preferred
Stock are issued in certificated form, dividends shall cease to accrue on and after the redemption date for all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights of the holders
with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption date, without interest. Any funds unclaimed at the end of two
years from the redemption date, to the extent permitted by law, shall be released from the trust so established and may be commingled with the Corporation&#8217;s other funds, and after that time the holders of the shares so called for redemption
shall look only to the Corporation for payment of the redemption price of such shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;7.</B> <B>Voting Rights</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>General</B>. The holders of the Series B Preferred Stock have no voting rights as holders of the Series B Preferred Stock except as set forth below or
as otherwise required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Right to Elect Two Directors on Nonpayment of Dividends</B>. Whenever dividends on any shares of the Series B
Preferred Stock, or any other Voting Preferred Stock, shall have not been declared and paid for six full quarterly Dividend Payments, whether or not for consecutive Dividend Periods (a &#8220;<B>Nonpayment</B>&#8221;), the holders of such shares,
voting together as a class with holders of any and all other series of Voting Preferred Stock then outstanding, will be entitled to vote for the election of a total of two additional members of the Board of Directors (the &#8220;<B>Preferred Stock
Directors</B>&#8221;), <I>provided</I> that the election of any such directors shall not cause the Corporation to violate the then-applicable corporate governance requirements of the New York Stock Exchange (or any other exchange on which the
Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors and <I>provided</I> <I>further</I> that the Board of Directors shall at no time include more than two Preferred Stock Directors. In
that event, the number of directors on the Board of Directors shall automatically increase by two, and the new directors shall be elected at a special meeting called at the request of the holders of record of at least 20% of the Series B Preferred
Stock or of any other series of Voting Preferred Stock (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next
annual or special meeting of stockholders), and at each subsequent annual meeting. Such request to call a special meeting for the initial election of the Preferred Stock Directors after a Nonpayment shall be made by written notice, signed by the
requisite holders of the Series B Preferred Stock or other Voting Preferred Stock, and delivered to the Secretary of the Corporation in such manner as provided for in Section&nbsp;9 below, or as may otherwise be required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If and when dividends for at least four consecutive quarterly Dividend Periods following a Nonpayment have been paid in full on the Series B Preferred Stock
and any other class or series of Voting Preferred Stock, the holders of the Series B Preferred Stock and all other holders of Voting Preferred Stock shall be divested of the foregoing voting rights (subject to revesting in the event of each
subsequent Nonpayment), the term of office of each Preferred Stock Director so elected shall automatically terminate and the number of directors on the Board of Directors shall automatically decrease by two. In determining whether dividends have
been paid for the equivalent of at least four </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-123 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
consecutive quarterly Dividend Periods following a Nonpayment, the Corporation may take account of any dividend it elects to pay for any Dividend Period after the regular Dividend Payment Date
for that period has passed. Any Preferred Stock Director may be removed at any time without cause by the holders of record of a majority of the outstanding shares of the Series B Preferred Stock together with all series of Voting Preferred Stock
then outstanding (voting together as a single class) to the extent such holders have the voting rights described above. So long as a Nonpayment shall continue, any vacancy in the office of a Preferred Stock Director (other than prior to the initial
election after a Nonpayment) may be filled by the written consent of the Preferred Stock Director remaining in office, or if none remains in office, by a vote of the holders of record of a majority of the outstanding shares of the Series B Preferred
Stock and all Voting Preferred Stock when they have the voting rights described above (voting together as a single class); <I>provided</I> that the filling of any such vacancy shall not cause the Corporation to violate the then-applicable corporate
governance requirement of the New York Stock Exchange (or any other exchange on which the Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors. Any such vote to remove, or to fill a
vacancy in the office of, a Preferred Stock Director may be taken only at a special meeting called at the request of the holders of record of at least 20% of the Series B Preferred Stock or of any other series of Voting Preferred Stock (unless such
request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next annual or special meeting of stockholders). The Preferred Stock Directors
shall each be entitled to one vote per director on any matter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Other Voting Rights</B>. So long as any shares of the Series B Preferred Stock are
outstanding, in addition to any other vote or consent of stockholders required by law or by the Certificate of Incorporation, the vote or consent of the holders of at least <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the shares of the
Series B Preferred Stock at the time outstanding, voting together as a single class with any other series of preferred stock entitled to vote thereon, to the exclusion of all other series of preferred stock, given in person or by proxy, either in
writing without a meeting or by vote at any meeting called for the purpose, will be necessary for effecting or validating: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) <B>Amendment of
Certificate of Incorporation or Certificate of Designations</B>. Any amendment, alteration or repeal of any provision of the Certificate of Incorporation or this Certificate of Designations that would materially and adversely alter or change the
voting powers, preferences or special rights of the Series B Preferred Stock, taken as a whole; <I>provided</I>, <I>however</I>, that the amendment of the Certificate of Incorporation so as to authorize or create, or to increase the authorized
amount of, any class or series of capital stock that does not rank senior to the Series B Preferred Stock in either the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> or in the
distribution of assets on liquidation, dissolution or winding up of the Corporation shall not be deemed to materially or adversely affect the voting powers, preferences or special rights of the Series B Preferred Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) <B>Authorization of Senior Stock</B>. Any amendment or alteration of the Certificate of Incorporation to authorize or create, or increase the authorized
amount of, any shares of any class or series or any securities convertible into shares of any class or series of capital stock of the Corporation ranking senior to the Series B Preferred Stock in the payment of dividends or in the distribution of
assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) <B>Share Exchanges, Reclassifications, Mergers
and Consolidations and Other Transactions</B>. Any consummation of (x)&nbsp;a binding share exchange or reclassification involving the Series B Preferred </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-124 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Stock or (y)&nbsp;a merger or consolidation of the Corporation with another entity (whether or not a corporation), unless in each case (A)&nbsp;the shares of the Series B Preferred Stock remain
outstanding or, in the case of any such merger or consolidation with respect to which the Corporation is not the surviving or resulting entity, the shares of the Series B Preferred Stock are converted into or exchanged for preference securities of
the surviving or resulting entity or its ultimate parent, and (B)&nbsp;such shares remaining outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, and limitations and restrictions
thereof, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers, and restrictions and limitations thereof, of the Series B Preferred Stock, taken as a whole,
immediately prior to such consummation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">&#8220;capital stock&#8221; does not include convertible or exchangeable debt securities, which, prior to
conversion or exchange, rank senior in right of payment to the Series B Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If an amendment, alteration, repeal, share exchange,
reclassification, merger or consolidation described above would materially and adversely affect the rights, preferences, privileges and voting powers, and restrictions and limitations, taken as a whole, of one or more but not all series of Voting
Preferred Stock (including the Series B Preferred Stock for this purpose), then only the series so affected and entitled to vote shall vote, together as a class, to the exclusion of all other series of preferred stock. If all series of preferred
stock are not equally affected by the proposed amendment, alteration, repeal, share exchange, reclassification, merger or consolidation described above, then only a <FONT STYLE="white-space:nowrap">two-thirds</FONT> approval of each such series that
is materially and adversely affected shall be required. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Changes Permitted without Consent</B>. Without the consent of the holders of the Series B
Preferred Stock, the Corporation may amend, alter, supplement or repeal any terms of the Series B Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) to cure any ambiguity, or to cure,
correct or supplement any provision contained in this Certificate of Designations for the Series B Preferred Stock that may be defective or inconsistent, so long as such action does not materially and adversely affect the rights, preferences,
privileges and voting powers of the Series B Preferred Stock, taken as a whole; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) to conform this Certificate of Designations to the description of
the Series B Preferred Stock set forth in the Corporation&#8217;s final prospectus supplement related to the Series B Preferred Stock, dated February&nbsp;23, 2021; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) to make any provision with respect to matters or questions arising with respect to the Series B Preferred Stock that is not inconsistent with the
provisions of this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Changes after Provision for Redemption</B>. No vote or consent of the holders of the Series B
Preferred Stock will be required pursuant to Section&nbsp;7(b) or (c)&nbsp;above if, at or prior to the time when the act with respect to which any such vote or consent would otherwise be required pursuant to such Sections, all outstanding shares of
the Series B Preferred Stock shall have been redeemed, or shall have been called for redemption on proper notice and sufficient funds shall have been set aside by or on behalf of the Corporation for the benefit of the holders of the Series B
Preferred Stock to effect such redemption, in each case pursuant to Section&nbsp;6 above, unless in the case of a vote or consent required pursuant to clause (ii)&nbsp;of Section&nbsp;7(c) above if all outstanding shares of the Series B Preferred
Stock are being redeemed with the proceeds from the sale of the stock to be authorized. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-125 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) <B>Procedures for Voting and Consents</B>. The rules and procedures for calling and conducting any
meeting of the holders of the Series B Preferred Stock (including, without limitation, the fixing of a record date in connection therewith), the solicitation and use of proxies at such a meeting, the obtaining of written consents and any other
aspect or matter with regard to such a meeting or such consents shall be governed by any rules the Board of Directors (or a duly authorized committee of the Board of Directors), in its discretion, may adopt from time to time, which rules and
procedures shall conform to the requirements of the Certificate of Incorporation, the Amended and Restated Bylaws, applicable law and any national securities exchange or other trading facility on which the Series B Preferred Stock may be listed or
traded at the time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In any matter in which the Series B Preferred Stock may vote (as expressly provided in this Certificate of Designations), each share
of the Series B Preferred Stock shall be entitled to one vote per $1,000.00 of Liquidation Preference. If the Series B Preferred Stock and any other Liquidation Preference Parity Stock is entitled to vote together as a single class on any matter,
the holders of each will vote in proportion to their respective Liquidation Preferences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;8.</B> <B>Record Holders</B>. To
the fullest extent permitted by applicable law, the Corporation and the Transfer Agent may deem and treat the record holder of any share of the Series B Preferred Stock as the true and lawful owner thereof for all purposes, and neither the
Corporation nor the Transfer Agent shall be affected by any notice to the contrary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;9.</B> <B>Notices</B>. All notices or
communications in respect of the Series B Preferred Stock will be sufficiently given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of
Designations, in the Certificate of Incorporation or Amended and Restated Bylaws or by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;10.</B> <B>Other
Rights</B>. The shares of the Series B Preferred Stock do not have any voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or
in the Certificate of Incorporation of the Corporation. The holders of the Series B Preferred Stock shall not have any preemptive rights or conversion rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;11.</B> <B>Certificates</B>. The Corporation may at its option issue shares of the Series B Preferred Stock without
certificates. If DTC or its nominee is the registered owner of the Series B Preferred Stock, the following provisions of this Section&nbsp;11 shall apply. If and as long as DTC or its nominee is the registered owner of the Series B Preferred Stock,
DTC or its nominee, as the case may be, shall be considered the sole owner and holder of all such shares of the Series B Preferred Stock of which DTC or its nominee is the registered owner for all purposes under the instruments governing the rights
and obligations of holders of shares of the Series B Preferred Stock. If DTC discontinues providing its services as securities depositary with respect to the shares of the Series B Preferred Stock, or if DTC ceases to be registered as a clearing
agency under the Exchange Act, in the event that a successor securities depositary is not obtained within 90 days, the Corporation shall either print and deliver certificates for the shares of the Series B Preferred Stock or provide for the direct
registration of the Series B Preferred Stock with the Transfer Agent. If the Corporation decides to discontinue the use of the system of book-entry-only transfers through DTC (or a successor securities depositary), the Corporation shall print
certificates for the shares of the Series B Preferred Stock and deliver such certificates to DTC or shall provide for the direct registration of the Series B Preferred Stock with the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-126 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Transfer Agent. Except in the limited circumstances referred to above, owners of beneficial interests in the Series B Preferred Stock of which DTC or its nominee is the registered owner: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be entitled to have such Series B Preferred Stock registered in their names; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not receive or be entitled to receive physical delivery of securities certificates in exchange for
beneficial interests in the Series B Preferred Stock; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be considered to be owners or holders of the shares of the Series B Preferred Stock for any purpose
under the instruments governing the rights and obligations of holders of shares of the Series B Preferred Stock. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;12.</B> <B>Restatement of Certificate</B>. On any restatement of the Certificate of Incorporation of the Corporation,
Section&nbsp;1 through Section&nbsp;11 of this Certificate of Designations shall be included in the Certificate of Incorporation under the heading &#8220;4.650% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual
Preferred Stock, Series B&#8221; and this Section&nbsp;12 may be omitted. If the Board of Directors so determines, the numbering of Section&nbsp;1 through Section&nbsp;11 may be changed for convenience of reference or for any other proper
purpose.&#8221; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-127 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the Corporation has caused this Certificate to be signed by [&#9679;], its
[&#9679;], this [&#9679;] day of [&#9679;]. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:11pt"><B>SUMISHO AIR LEASE CORPORATION</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[&#9679;]</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:497pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[Signature Page to Amended and
Restated Series B Certificate of Designations] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-128 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT II TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED CERTIFICATE OF DESIGNATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>4.125% FIXED-RATE
RESET </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">NON-CUMULATIVE</FONT> PERPETUAL PREFERRED STOCK, SERIES C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUMISHO AIR LEASE
CORPORATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Pursuant to Section&nbsp;151 of the </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Delaware General Corporation Law </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumisho Air
Lease Corporation (formerly Air Lease Corporation), a Delaware corporation (the &#8220;<B>Corporation</B>&#8221;), hereby certifies that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In accordance
with the resolutions of the Board of Directors of the Corporation (the &#8220;<B>Board of Directors</B>&#8221;) adopted in an action by unanimous written consent dated [&#9679;], [&#9679;], the Certificate of Designations for the Series C Preferred
Stock (as defined below) is hereby amended and restated as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;1.</B> <B>Designation</B>. The distinctive serial
designation of such series is &#8220;4.125% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series C&#8221; (&#8220;<B>Series C Preferred Stock</B>&#8221;). Each share of the Series C Preferred
Stock shall be identical in all respects to every other share of the Series C Preferred Stock, except that shares of the Series C Preferred Stock issued after October&nbsp;13, 2021 (the &#8220;<B>Original Issue Date</B>&#8221;) shall accrue
dividends from the later of the Original Issue Date and the Dividend Payment Date (as defined herein), if any, immediately prior to the original issue date of such additional shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;2.</B> <B>Number of Authorized Shares</B>. The number of authorized shares of the Series C Preferred Stock shall initially be
300,000; <I>provided</I>, however, that any additional shares of the Series C Preferred Stock shall be deemed to form a single series with the Series C Preferred Stock issued pursuant to this Certificate of Designations. The number of authorized
shares of the Series C Preferred Stock may from time to time be increased (but not in excess of the total number of authorized shares of preferred stock, less all shares of any other series of preferred stock authorized at the time of such increase)
or decreased (but not below the number of shares of the Series C Preferred Stock then outstanding) by resolution of the Board of Directors (or a duly authorized committee of the Board of Directors), without the vote or consent of the holders of the
Series C Preferred Stock. Shares of the Series C Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall be cancelled and shall revert to authorized but unissued shares of preferred stock undesignated as to
series. The Corporation shall have the authority to issue fractional shares of the Series C Preferred Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-129 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;3.</B> <B>Definitions</B>. As used herein with respect to the Series C
Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) &#8220;<B>accrual</B>&#8221; (or similar terms) used with respect to a dividend or Dividend Period refers only to the determination
of the amount of such dividend and does not imply that any right to a dividend in any Dividend Period that arises prior to the date on which such dividend is declared. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) &#8220;<B>Adjustments</B>&#8221; has the meaning set forth in in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) &#8220;<B>Amended and Restated Bylaws</B>&#8221; means the fifth amended and restated bylaws of the Corporation, as it may be amended from time to time.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) &#8220;<B>Board of Directors</B>&#8221; has the meaning set forth in the Preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) &#8220;<B>Business Day</B>&#8221; means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in The City of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) &#8220;<B>Calculation Agent</B>&#8221; means, at any time, the
Corporation, an entity affiliated with the Corporation, or the person or entity appointed by the Corporation pursuant to a calculation agent agreement between the Corporation and a calculation agent and serving as such agent with respect to the
Series C Preferred Stock at such time (including any successor to such person or entity). Deutsche Bank Trust Company Americas will be the calculation agent for the Series C Preferred Stock as of the Original Issue Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(g) &#8220;<B>Certificate of Designations</B>&#8221; means this Certificate of Designations relating to the Series C Preferred Stock, as it may be amended or
supplemented from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(h) &#8220;<B>Certificate of Incorporation</B>&#8221; means the certificate of incorporation of the Corporation, as
amended and restated on the date hereof and as it may be further amended from time to time, and shall include this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i)
&#8220;<B>Common Stock</B>&#8221; means the Class&nbsp;C common stock, par value $0.01 per share, of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(j)
&#8220;<B>Corporation</B>&#8221; has the meaning set forth in the Preamble. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(k) &#8220;<B>Current Methodology</B>&#8221; has the meaning set forth in the
definition of &#8220;Rating Agency Event.&#8221; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(l) &#8220;<B>Dividend Parity Stock</B>&#8221; means any class or series of capital stock of the
Corporation that ranks on a parity with the Series C Preferred Stock as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative).</FONT> As of the date of this Certificate of
Designations, Dividend Parity Stock includes the Series B Preferred Stock and the Series D Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(m) &#8220;<B>Dividend Payment
Date</B>&#8221; has the meaning set forth in Section&nbsp;4(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(n) &#8220;<B>Dividend Period</B>&#8221; means each period from and including a Dividend
Payment Date (except that the initial Dividend Period shall commence on and include the Original Issue Date of the Series C Preferred Stock) and continuing to, but excluding, the next succeeding Dividend Payment Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(o) &#8220;<B>DTC</B>&#8221; means The Depository Trust Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(p) &#8220;<B>Exchange Act</B>&#8221; means the Securities Exchange Act of 1934, as amended. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-130 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(q) &#8220;<B>Five-year U.S. Treasury Rate</B>&#8221; means, as of any Reset Dividend Determination Date, as
applicable: (i)&nbsp;the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, for the five Business Days appearing (or, if fewer than five Business Days appear, such number of
Business Days appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the most recently published H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination; or (ii)&nbsp;if there are no such published yields
on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, then the rate will be determined by interpolation between the average of the yields on actively traded U.S. treasury securities adjusted to constant
maturity for two series of actively traded U.S. treasury securities, (A)&nbsp;one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date and (B)&nbsp;the other maturing as
close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days
appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Corporation, in its sole discretion, determines that the Five-year U.S. Treasury Rate cannot be determined in the manner applicable for such rate
(which, as of the Original Issue Date, is pursuant to the methods described in clauses (i)&nbsp;or (ii) above) (a &#8220;<B>Rate Substitution Event</B>&#8221;), the Corporation may, in its sole discretion, designate an unaffiliated agent or advisor,
which may include an unaffiliated underwriter for the offering of the Series C Preferred Stock or any affiliate of any such underwriter (the &#8220;<B>Designee</B>&#8221;), to determine whether there is an industry-accepted successor rate to the
then-applicable base rate (which, as of the Original Issue Date, is the initial base rate). If the Designee determines that there is such an industry-accepted successor rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; shall be such
successor rate and, in that case, the Designee may adjust the spread and may determine and adjust the business day convention, the definition of Business Day and the Reset Dividend Determination Date to be used and any other relevant methodology for
determining or otherwise calculating such successor rate, including any adjustment factor needed to make such successor rate comparable to the then-applicable base rate (which, as of the Original Issue Date, is the initial base rate) in each case,
in a manner that is consistent with industry-accepted practices for the use of such successor rate (the &#8220;<B>Adjustments</B>&#8221;). If the Corporation, in its sole discretion, does not designate a Designee or if the Designee determines that
there is no industry-accepted successor rate to then-applicable base rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; will be the same interest rate (<I>i.e.</I>, the same Five-year U.S. Treasury Rate) determined for the prior Reset
Dividend Determination Date or, if this sentence is applicable with respect to the first Reset Dividend Determination Date, 0.976%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(r) &#8220;<B>First
Reset Date</B>&#8221; means December&nbsp;15, 2026. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(s) &#8220;<B>H.15 Daily Update</B>&#8221; means the daily statistical release designated as such, or
any successor publication, published by the Federal Reserve Bank of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(t) &#8220;<B>Junior Stock</B>&#8221; means the Common Stock and any other
class or series of capital stock of the Corporation that ranks junior to the Series C Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and/or as
to the distribution of assets upon the liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(u) &#8220;<B>Liquidation Preference</B>&#8221; has the
meaning set forth in Section&nbsp;5. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-131 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) &#8220;<B>Liquidation Preference Junior Stock</B>&#8221; means any class or series of stock of the
Corporation that ranks junior to the Series C Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(w) &#8220;<B>Liquidation Preference Parity Stock</B>&#8221; means any class or series of capital stock of the Corporation that ranks on a parity with the
Series C Preferred Stock in the distribution of assets on the liquidation, dissolution or winding up of the Corporation. As of the date of this Certificate of Designations, Liquidation Preference Parity Stock includes and the Series B Preferred
Stock and the Series D Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(x) &#8220;<B>Nonpayment</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(y) &#8220;<B>Original Issue Date</B>&#8221; has the meaning set forth in Section&nbsp;1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(z) &#8220;<B>Preferred Stock Directors</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(aa) &#8220;<B>Rate Substitution Event</B>&#8221; has the meaning set forth in in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(bb) &#8220;<B>Rating Agency Event</B>&#8221; means that any &#8220;nationally recognized statistical rating organization&#8221; within the meaning of
Section&nbsp;3(a)(62) of the Exchange Act that then publishes a rating for the Corporation amends, clarifies or changes the methodology or criteria that it employed for purposes of assigning equity credit to securities such as the Series C Preferred
Stock on the Original Issue Date of the Series C Preferred Stock (the &#8220;<B>Current Methodology</B>&#8221;), which amendment, clarification or change either (i)&nbsp;shortens the period of time during which equity credit pertaining to the Series
C Preferred Stock would have been in effect had the Current Methodology not been changed or (ii)&nbsp;reduces the amount of equity credit assigned to the Series C Preferred Stock as compared with the amount of equity credit that such rating agency
had assigned to the Series C Preferred Stock as of the Original Issue Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(cc) &#8220;<B>Reset Date</B>&#8221; means the First Reset Date and each date
falling on the fifth anniversary of the preceding Reset Date, including the First Reset Date, which will not be adjusted for Business Days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(dd)
&#8220;<B>Reset</B> <B>Dividend Determination Date</B>&#8221; means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ee) &#8220;<B>Reset Period</B>&#8221; means the period from and including the First Reset Date to, but excluding, the next following Reset Date and
thereafter each period from and including each Reset Date to, but excluding, the next following Reset Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ff) &#8220;<B>Senior Stock</B>&#8221; means
any other class or series of the Corporation&#8217;s capital stock ranking senior to the Series C Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT>
and/or as to the distribution of assets upon the liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(gg) &#8220;<B>Series B Preferred
Stock</B>&#8221; means the Corporation&#8217;s 4.650% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(hh) &#8220;<B>Series C Preferred Stock</B>&#8221; has the meaning set forth in Section&nbsp;1. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-132 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) &#8220;<B>Series D Preferred Stock</B>&#8221; means the Corporation&#8217;s 6.000% Fixed-Rate Reset <FONT
STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series D. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(jj) &#8220;<B>Stated Amount</B>&#8221; means, in respect of the
Series C Preferred Stock, $1,000.00 per share, and, in respect of any other series of capital stock, the stated amount per share specified in the Certificate of Incorporation or applicable certificate of designations (including, in the case of any
series that does not use the words &#8220;stated amount,&#8221; the specified amount of any preference upon the voluntary or involuntary liquidation, dissolution or winding up, without regard to any unpaid dividends that may also be included in the
liquidation preference with respect to such shares). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(kk) &#8220;<B>Transfer Agent</B>&#8221; means the transfer agent with respect to the Series C
Preferred Stock, which shall be American Stock Transfer&nbsp;&amp; Trust Company, LLC as of the Original Issue Date, and its successor, including any successor transfer agent appointed by the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ll) &#8220;<B>Voting Preferred Stock</B>&#8221; means any other class or series of preferred stock of the Corporation ranking equally with the Series C
Preferred Stock as to dividends (whether cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and the distribution of assets upon the liquidation, dissolution or winding up of the Corporation and upon which like voting rights to the
Series C Preferred Stock have been conferred and are exercisable. As of the date of this Certificate of Designations, Voting Preferred Stock includes the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock.
Whether a plurality, majority or other portion of the shares of the Voting Preferred Stock have been voted in favor of any matter shall be determined by reference to the Liquidation Preference of the shares voted. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;4.</B> <B>Dividends</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a)
<B>Rate</B>. Holders of the Series C Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors (or a duly authorized committee of the Board of Directors), only out of funds legally available therefor, <FONT
STYLE="white-space:nowrap">non-cumulative</FONT> cash dividends for each Dividend Period payable on the Stated Amount per share of the Series C Preferred Stock at a rate per annum equal to (i) 4.125% from the Original Issue Date to, but excluding,
the First Reset Date and (ii)&nbsp;the Five-year U.S. Treasury Rate applicable to such Reset Period plus 3.149%, from and including the First Reset Date, in each of cases (i)&nbsp;and (ii), payable quarterly, in arrears, on March&nbsp;15,
June&nbsp;15, September&nbsp;15 and December&nbsp;15 of each year, beginning on December&nbsp;15, 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each date on which dividends are payable pursuant
to this Section&nbsp;4, subject to adjustment as provided below, is a &#8220;<B>Dividend Payment Date</B>&#8221;, and dividends for each Dividend Payment Date are payable with respect to the Dividend Period (or portion thereof) ending on the day
preceding such respective Dividend Payment Date, in each case to holders of record on the 15th calendar day before such Dividend Payment Date or such other record date not more than 30 nor less than 10 days preceding such Dividend Payment Date fixed
for that purpose by the Board of Directors (or a duly authorized committee of the Board of Directors) in advance of payment of each particular dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Business Day Convention</B>. If any Dividend Payment Date is not a Business Day, then such date will nevertheless be a Dividend Payment Date, but
dividends on the Series C Preferred Stock, when, as and if declared, will be paid on the next succeeding Business Day (without adjustment in the amount of the dividend per share of the Series C Preferred Stock). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Dividend Computation</B>. The amount of the dividend per share of the Series C Preferred Stock for each Dividend Period (or portion thereof) will be
calculated on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year consisting of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-133 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The applicable dividend rate for each Dividend Period during a Reset Period will be determined by the
Calculation Agent, as of the applicable Reset Dividend Determination Date for such Reset Period. On each Reset Dividend Determination Date, the Calculation Agent will notify the Corporation of the dividend rate for each Dividend Period during the
applicable Reset Period. The Calculation Agent&#8217;s determination of any dividend rate and its calculation of the amount of dividends for any Dividend Period, and a record maintained by the Corporation of any Rate Substitution Event and any
Adjustments, will be on file at the Corporation&#8217;s principal offices, will be made available to any holder of the Series C Preferred Stock upon request and will be final and binding in the absence of manifest error. For the avoidance of doubt,
any determination by the Corporation or a Designee pursuant to the second paragraph of the definition of Five-year U.S. Treasury Rate (including, without limitation, with respect to any Rate Substitution Event or Adjustments) will not be subject to
the vote or consent of the holders of the Series C Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Dividends <FONT STYLE="white-space:nowrap">Non-cumulative</FONT></B>.
Dividends on shares of the Series C Preferred Stock are not cumulative and are not mandatory. If the Board of Directors (or a duly authorized committee of the Board of Directors) does not declare a dividend on the Series C Preferred Stock in respect
of a Dividend Period, then holders of the Series C Preferred Stock shall not be entitled to receive any dividends, and the Corporation will have no obligation to pay any dividend for that Dividend Period, whether or not dividends on the Series C
Preferred Stock or any other series of the Corporation&#8217;s preferred stock or Common Stock are declared for any future dividend period. No interest or sum of money in lieu of interest or dividends will be payable in respect of any dividend not
declared by the Board of Directors (or a duly authorized committee of the Board of Directors). Holders of the Series C Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than
dividends (if any) declared and payable on the Series C Preferred Stock as specified in this Section&nbsp;4 (subject to the other provisions of this Certificate of Designations). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Priority of Dividends and Redemption and Repurchase of Junior Stock and Dividend Parity Stock</B>. So long as any share of the Series C Preferred Stock
remains outstanding, unless dividends on all outstanding shares of the Series C Preferred Stock for the most recently completed Dividend Period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for
payment, (i)&nbsp;no dividend may be declared or paid or set aside for payment, and no distribution may be made, on any Junior Stock, (ii)&nbsp;no shares of Junior Stock shall be purchased, redeemed or otherwise acquired for consideration by the
Corporation, directly or indirectly, and (iii)&nbsp;no shares of Dividend Parity Stock shall be purchased, redeemed or otherwise acquired for consideration by the Corporation, directly or indirectly, other than, in each case: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) repurchases, redemptions or other acquisitions of shares of Junior Stock as a result of (x)&nbsp;a reclassification of Junior Stock for or into other
Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Junior Stock for or into one or more shares of Junior Stock or (z)&nbsp;the purchase of fractional interests in shares of Junior Stock under the conversion or exchange
provisions of Junior Stock or the security being converted or exchanged; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) repurchases, redemptions or other acquisitions of shares of Junior Stock,
through the use of the proceeds of a substantially contemporaneous sale of other shares of Junior Stock; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) repurchases, redemptions or other
acquisitions of shares of Junior Stock in connection with (x)&nbsp;any employment contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors or consultants or (y)&nbsp;a dividend
reinvestment or stockholder stock purchase plan; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-134 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iv) any declaration of a dividend in connection with any stockholders&#8217; rights plan, or the issuance
of rights, stock or other property under any stockholders&#8217; rights plan, or the redemption or repurchase of rights pursuant to the plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) any
dividend paid on Junior Stock in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being
paid or is other Junior Stock; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vi) any <I>pro rata</I> purchase or <I>pro rata</I> exchange of all or a <I>pro rata </I>portion of the Series C
Preferred Stock and any Dividend Parity Stock pursuant to an offer made on the same terms to holders of all shares of the Series C Preferred Stock and to holders of all shares of any Dividend Parity Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock as a result of (x)&nbsp;a reclassification of Dividend Parity Stock
for or into other Dividend Parity Stock or Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Dividend Parity Stock for or into one or more shares of other Dividend Parity Stock or Junior Stock or (z)&nbsp;the purchase of
fractional interests in shares of Dividend Parity Stock under the conversion or exchange provisions of Dividend Parity Stock or the security being converted or exchanged; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(viii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock through the use of the proceeds of a substantially contemporaneous
sale of other shares of Dividend Parity Stock or Junior Stock; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ix) purchases of shares of the Corporation&#8217;s Common Stock pursuant to a
contractually binding stock repurchase plan existing prior to the preceding Dividend Period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Board of Directors (or a duly authorized committee of
the Board of Directors) elects to declare only partial instead of full dividends for a Dividend Payment Date and related Dividend Period on the shares of the Series C Preferred Stock or any Dividend Parity Stock, then, to the extent permitted by the
terms of the Series C Preferred Stock and each outstanding series of Dividend Parity Stock, such partial dividends shall be declared on shares of the Series C Preferred Stock and Dividend Parity Stock, and dividends so declared shall be paid, as to
any such dividend payment date and related dividend period, in amounts such that the ratio of the partial dividends declared and paid on each such series to full dividends on each such series is the same. As used in this paragraph, &#8220;<B>full
dividends</B>&#8221; means, as to any Dividend Parity Stock that bears dividends on a cumulative basis, the amount of dividends that would need to be declared and paid to bring such Dividend Parity Stock current in dividends, including undeclared
dividends for past dividend periods. To the extent a dividend period with respect to the Series C Preferred Stock or any series of Dividend Parity Stock (in either case, the &#8220;<B>first series</B>&#8221;) coincides with more than one dividend
period with respect to another series as applicable (in either case, a &#8220;<B>second series</B>&#8221;), then, for purposes of this paragraph the Board of Directors (or a duly authorized committee of the Board of Directors) may, to the extent
permitted by the terms of each affected series, treat such dividend period for the first series as two or more consecutive dividend periods, none of which coincides with more than one dividend period with respect to the second series, or may treat
such dividend period(s) with respect to any Dividend Parity Stock and Dividend Period(s) with respect to the Series C Preferred Stock for purposes of this paragraph in any other manner that it deems to be fair and equitable in order to achieve
ratable payments of dividends on such Dividend Parity Stock and the Series C Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to the foregoing, dividends (payable in cash, stock
or otherwise) as may be determined by the Board of Directors (or a duly authorized committee of the Board of Directors) may be declared and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-135 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
paid on any Common Stock or other Junior Stock from time to time out of any funds legally available therefor, and the shares of the Series C Preferred Stock shall not be entitled to participate
in any such dividend. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;5.</B> <B>Liquidation Rights</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Voluntary or Involuntary Liquidation</B>. In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or
involuntary, before any distribution or payment out of the assets of the Corporation may be made to or set aside for the holders of any Liquidation Preference Junior Stock, holders of the Series C Preferred Stock will be entitled to receive out of
the assets of the Corporation legally available for distribution to its stockholders (<I>i.e.</I>, after satisfaction of all of the Corporation&#8217;s liabilities to creditors, if any) an amount equal to the Stated Amount, plus any dividends that
have been declared but not paid prior to the date of payment of distributions to stockholders, without regard to any undeclared dividends (the &#8220;<B>Liquidation Preference</B>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Partial Payment</B>. If the assets of the Corporation are not sufficient to pay the Liquidation Preference in full to all holders of the Series C
Preferred Stock and all holders of any Liquidation Preference Parity Stock, the amounts paid to the holders of the Series C Preferred Stock and to the holders of all Liquidation Preference Parity Stock shall be <I>pro</I> <I>rata</I> in accordance
with the respective aggregate Liquidation Preferences of the Series C Preferred Stock and all such Liquidation Preference Parity Stock. In any such distribution, the &#8220;<B>Liquidation Preference</B>&#8221; of any holder of stock of the
Corporation other than the Series C Preferred Stock means the amount otherwise payable to such holder in such distribution (assuming no limitation on the assets of the Corporation available for such distribution), including an amount equal to any
declared but unpaid dividends in the case of any holder or stock on which dividends accrue on a <FONT STYLE="white-space:nowrap">non-cumulative</FONT> basis and, in the case of any holder of stock on which dividends accrue on a cumulative basis, an
amount equal to any unpaid, accrued, cumulative dividends, whether or not earned or declared, as applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Residual Distributions</B>. If the
Liquidation Preference has been paid in full to all holders of the Series C Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Liquidation Preference Junior Stock will be entitled to receive all remaining
assets of the Corporation according to their respective rights and preferences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Merger, Consolidation and Sale of Assets Not Liquidation</B>. For
purposes of this Section&nbsp;5, the merger, consolidation or other business combination of the Corporation with or into any other entity, including a transaction in which the holders of the Series C Preferred Stock receive cash or property for
their shares, or the sale, conveyance, lease, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the assets of the Corporation, shall not constitute a liquidation, dissolution or
winding up of the Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;6.</B> <B>Redemption</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Optional Redemption</B>. The Series C Preferred Stock is perpetual and has no maturity date. The Corporation may, at its option, redeem the shares of
the Series C Preferred Stock (i)&nbsp;in whole or in part, from time to time, on any Dividend Payment Date on or after the First Reset Date for cash at a redemption price of the Stated Amount per share or (ii)&nbsp;in whole but not in part, at any
time within 120 days after the conclusion of any review or appeal process instituted by us following the occurrence of a Rating Agency Event, or, if no review or appeal process is available or sought with respect to such Rating Agency Event, at any
time within 120 days after the occurrence of such Rating Agency Event, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-136 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
at a redemption price in cash equal to $1,020.00 per share, in each of cases (i)&nbsp;and (ii), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption (the
&#8220;<B>redemption date</B>&#8221;), without accumulation of any undeclared dividends. The redemption price for any shares of the Series C Preferred Stock shall be payable on the redemption date to the holder of such shares against surrender of
the certificate(s) evidencing such shares to the Corporation or its agent, if the shares of the Series C Preferred Stock are issued in certificated form. Any declared but unpaid dividends payable on a redemption date that occurs subsequent to the
applicable record date for a Dividend Period shall not be paid to the holder entitled to receive the redemption price on the redemption date, but rather shall be paid to the holder of record of the redeemed shares on such record date relating to the
applicable Dividend Payment Date as provided in Section&nbsp;4 above. On and after the redemption date, dividends will cease to accrue on shares of the Series C Preferred Stock, and such shares of the Series C Preferred Stock shall no longer be
deemed outstanding and all rights of the holders of such shares will terminate, except the right to receive the redemption price plus any declared and unpaid dividends, without regard to any undeclared dividends, on such shares to, but excluding,
the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>No Sinking Fund</B>. The Series C Preferred Stock is not subject to any mandatory redemption, sinking fund or other similar
provisions. Holders of the Series C Preferred Stock have no right to require redemption of any shares of the Series C Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Notice of
Redemption</B>. Notice of every redemption of shares of the Series C Preferred Stock shall be given by first class mail, postage prepaid, addressed to the holders of record of the shares to be redeemed at their respective last addresses appearing on
the books of the Corporation. Such mailing shall be at least 10 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Subsection shall be conclusively presumed to have been duly given, whether or
not the holder receives such notice, but failure to duly give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder of shares of the Series C Preferred Stock designated for redemption shall not affect the
validity of the proceedings for the redemption of any other shares of the Series C Preferred Stock. Notwithstanding the foregoing, if the shares of the Series C Preferred Stock are issued in book-entry form through DTC or any other similar facility,
notice of redemption may be given to the holders of the Series C Preferred Stock at such time and in any manner permitted by such facility. Each such notice given to a holder shall state: (1)&nbsp;the redemption date; (2)&nbsp;the number of shares
of the Series C Preferred Stock to be redeemed and, if less than all shares of the Series C Preferred Stock held by the holder are to be redeemed, the number of shares of the Series C Preferred Stock to be redeemed from such holder or the method for
determining such number; (3)&nbsp;the redemption price; (4)&nbsp;if the Series C Preferred Stock is evidenced by definitive certificates, the place or places where certificates for such shares of the Series C Preferred Stock are to be surrendered
for payment of the redemption price; and (5)&nbsp;that dividends on such shares will cease to accrue on and after the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Partial
Redemption</B>. In case of any redemption of only part of the shares of the Series C Preferred Stock at the time outstanding, the shares to be redeemed shall be selected either on a <I>pro</I> <I>rata</I> basis (as nearly as practicable without
creating fractional shares) or by lot or in such other manner as the Board of Directors (or a duly authorized committee of the Board of Directors) may determine to be fair and equitable. Subject to the provisions hereof, the Board of Directors (or a
duly authorized committee of the Board of Directors) shall have full power and authority to prescribe the terms and conditions on which shares of the Series C Preferred Stock shall be redeemed from time to time. If the Corporation shall have issued
certificates for the Series C Preferred Stock and fewer than all shares represented by any certificates are redeemed, new certificates shall be issued representing the unredeemed shares without charge to the holders thereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-137 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Effectiveness of Redemption</B>. If notice of redemption has been duly given, and if on or before the
redemption date specified in the notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other funds, in trust for the <I>pro</I> <I>rata</I> benefit of the holders of the shares called for
redemption, so as to be and continue to be available for that purpose, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation in the case that the shares of the Series C Preferred
Stock are issued in certificated form, dividends shall cease to accrue on and after the redemption date for all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights of the holders
with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption date, without interest. Any funds unclaimed at the end of two
years from the redemption date, to the extent permitted by law, shall be released from the trust so established and may be commingled with the Corporation&#8217;s other funds, and after that time the holders of the shares so called for redemption
shall look only to the Corporation for payment of the redemption price of such shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;7.</B> <B>Voting Rights</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>General</B>. The holders of the Series C Preferred Stock have no voting rights as holders of the Series C Preferred Stock except as set forth below or
as otherwise required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Right to Elect Two Directors on Nonpayment of Dividends</B>. Whenever dividends on any shares of the Series C
Preferred Stock, or any other Voting Preferred Stock, shall have not been declared and paid for six full quarterly Dividend Payments, whether or not for consecutive Dividend Periods (a &#8220;<B>Nonpayment</B>&#8221;), the holders of such shares,
voting together as a class with holders of any and all other series of Voting Preferred Stock then outstanding, will be entitled to vote for the election of a total of two additional members of the Board of Directors (the &#8220;<B>Preferred Stock
Directors</B>&#8221;), <I>provided</I> that the election of any such directors shall not cause the Corporation to violate the then-applicable corporate governance requirements of the New York Stock Exchange (or any other exchange on which the
Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors and <I>provided further </I>that the Board of Directors shall at no time include more than two Preferred Stock Directors. In that
event, the number of directors on the Board of Directors shall automatically increase by two, and the new directors shall be elected at a special meeting called at the request of the holders of record of at least 20% of the Series C Preferred Stock
or of any other series of Voting Preferred Stock (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next annual or
special meeting of stockholders), and at each subsequent annual meeting. Such request to call a special meeting for the initial election of the Preferred Stock Directors after a Nonpayment shall be made by written notice, signed by the requisite
holders of the Series C Preferred Stock or other Voting Preferred Stock, and delivered to the Secretary of the Corporation in such manner as provided for in Section&nbsp;9 below, or as may otherwise be required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If and when dividends for at least four consecutive quarterly Dividend Periods following a Nonpayment have been paid in full on the Series C Preferred Stock
and any other class or series of Voting Preferred Stock, the holders of the Series C Preferred Stock and all other holders of Voting Preferred Stock shall be divested of the foregoing voting rights (subject to revesting in the event of each
subsequent Nonpayment), the term of office of each Preferred Stock Director so elected shall automatically terminate and the number of directors on the Board of Directors shall automatically decrease by two. In determining whether dividends have
been paid for the equivalent of at least four </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-138 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
consecutive quarterly Dividend Periods following a Nonpayment, the Corporation may take account of any dividend it elects to pay for any Dividend Period after the regular Dividend Payment Date
for that period has passed. Any Preferred Stock Director may be removed at any time without cause by the holders of record of a majority of the outstanding shares of the Series C Preferred Stock together with all series of Voting Preferred Stock
then outstanding (voting together as a single class) to the extent such holders have the voting rights described above. So long as a Nonpayment shall continue, any vacancy in the office of a Preferred Stock Director (other than prior to the initial
election after a Nonpayment) may be filled by the written consent of the Preferred Stock Director remaining in office, or if none remains in office, by a vote of the holders of record of a majority of the outstanding shares of the Series C Preferred
Stock and all Voting Preferred Stock when they have the voting rights described above (voting together as a single class); <I>provided</I> that the filling of any such vacancy shall not cause the Corporation to violate the then-applicable corporate
governance requirement of the New York Stock Exchange (or any other exchange on which the Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors. Any such vote to remove, or to fill a
vacancy in the office of, a Preferred Stock Director may be taken only at a special meeting called at the request of the holders of record of at least 20% of the Series C Preferred Stock or of any other series of Voting Preferred Stock (unless such
request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next annual or special meeting of stockholders). The Preferred Stock Directors
shall each be entitled to one vote per director on any matter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Other Voting Rights</B>. So long as any shares of the Series C Preferred Stock are
outstanding, in addition to any other vote or consent of stockholders required by law or by the Certificate of Incorporation, the vote or consent of the holders of at least <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the shares of the
Series C Preferred Stock at the time outstanding, voting together as a single class with any other series of preferred stock entitled to vote thereon, to the exclusion of all other series of preferred stock, given in person or by proxy, either in
writing without a meeting or by vote at any meeting called for the purpose, will be necessary for effecting or validating: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) <B>Amendment of
Certificate of Incorporation or Certificate of Designations</B>. Any amendment, alteration or repeal of any provision of the Certificate of Incorporation or this Certificate of Designations that would materially and adversely alter or change the
voting powers, preferences or special rights of the Series C Preferred Stock, taken as a whole; <I>provided</I>, <I>however</I>, that the amendment of the Certificate of Incorporation so as to authorize or create, or to increase the authorized
amount of, any class or series of capital stock that does not rank senior to the Series C Preferred Stock in either the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> or in the
distribution of assets on liquidation, dissolution or winding up of the Corporation shall not be deemed to materially or adversely affect the voting powers, preferences or special rights of the Series C Preferred Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) <B>Authorization of Senior Stock</B>. Any amendment or alteration of the Certificate of Incorporation to authorize or create, or increase the authorized
amount of, any shares of any class or series or any securities convertible into shares of any class or series of capital stock of the Corporation ranking senior to the Series C Preferred Stock in the payment of dividends or in the distribution of
assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) <B>Share Exchanges, Reclassifications, Mergers
and Consolidations and Other Transactions</B>. Any consummation of (x)&nbsp;a binding share exchange or reclassification involving the Series C Preferred </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-139 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Stock or (y)&nbsp;a merger or consolidation of the Corporation with another entity (whether or not a corporation), unless in each case (A)&nbsp;the shares of the Series C Preferred Stock remain
outstanding or, in the case of any such merger or consolidation with respect to which the Corporation is not the surviving or resulting entity, the shares of the Series C Preferred Stock are converted into or exchanged for preference securities of
the surviving or resulting entity or its ultimate parent, and (B)&nbsp;such shares remaining outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, and limitations and restrictions
thereof, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers, and restrictions and limitations thereof, of the Series C Preferred Stock, taken as a whole,
immediately prior to such consummation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">&#8220;capital stock&#8221; does not include convertible or exchangeable debt securities, which, prior to
conversion or exchange, rank senior in right of payment to the Series C Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If an amendment, alteration, repeal, share exchange,
reclassification, merger or consolidation described above would materially and adversely affect the rights, preferences, privileges and voting powers, and restrictions and limitations, taken as a whole, of one or more but not all series of Voting
Preferred Stock (including the Series C Preferred Stock for this purpose), then only the series so affected and entitled to vote shall vote, together as a class, to the exclusion of all other series of preferred stock. If all series of preferred
stock are not equally affected by the proposed amendment, alteration, repeal, share exchange, reclassification, merger or consolidation described above, then only a <FONT STYLE="white-space:nowrap">two-thirds</FONT> approval of each such series that
is materially and adversely affected shall be required. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Changes Permitted without Consent</B>. Without the consent of the holders of the Series C
Preferred Stock, the Corporation may amend, alter, supplement or repeal any terms of the Series C Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) to cure any ambiguity, or to cure,
correct or supplement any provision contained in this Certificate of Designations for the Series C Preferred Stock that may be defective or inconsistent, so long as such action does not materially and adversely affect the rights, preferences,
privileges and voting powers of the Series C Preferred Stock, taken as a whole; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) to conform this Certificate of Designations to the description of
the Series C Preferred Stock set forth in the Corporation&#8217;s final prospectus supplement related to the Series C Preferred Stock, dated October&nbsp;5, 2021; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) to make any provision with respect to matters or questions arising with respect to the Series C Preferred Stock that is not inconsistent with the
provisions of this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Changes after Provision for Redemption</B>. No vote or consent of the holders of the Series C
Preferred Stock will be required pursuant to Section&nbsp;7(b) or (c)&nbsp;above if, at or prior to the time when the act with respect to which any such vote or consent would otherwise be required pursuant to such Sections, all outstanding shares of
the Series C Preferred Stock shall have been redeemed, or shall have been called for redemption on proper notice and sufficient funds shall have been set aside by or on behalf of the Corporation for the benefit of the holders of the Series C
Preferred Stock to effect such redemption, in each case pursuant to Section&nbsp;6 above, unless in the case of a vote or consent required pursuant to clause (ii)&nbsp;of Section&nbsp;7(c) above if all outstanding shares of the Series C Preferred
Stock are being redeemed with the proceeds from the sale of the stock to be authorized. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-140 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) <B>Procedures for Voting and Consents</B>. The rules and procedures for calling and conducting any
meeting of the holders of the Series C Preferred Stock (including, without limitation, the fixing of a record date in connection therewith), the solicitation and use of proxies at such a meeting, the obtaining of written consents and any other
aspect or matter with regard to such a meeting or such consents shall be governed by any rules the Board of Directors (or a duly authorized committee of the Board of Directors), in its discretion, may adopt from time to time, which rules and
procedures shall conform to the requirements of the Certificate of Incorporation, the Amended and Restated Bylaws, applicable law and any national securities exchange or other trading facility on which the Series C Preferred Stock may be listed or
traded at the time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In any matter in which the Series C Preferred Stock may vote (as expressly provided in this Certificate of Designations), each share
of the Series C Preferred Stock shall be entitled to one vote per $1,000.00 of Liquidation Preference. If the Series C Preferred Stock and any other Liquidation Preference Parity Stock is entitled to vote together as a single class on any matter,
the holders of each will vote in proportion to their respective Liquidation Preferences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;8.</B> <B>Record Holders</B>. To
the fullest extent permitted by applicable law, the Corporation and the Transfer Agent may deem and treat the record holder of any share of the Series C Preferred Stock as the true and lawful owner thereof for all purposes, and neither the
Corporation nor the Transfer Agent shall be affected by any notice to the contrary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;9.</B> <B>Notices</B>. All notices or
communications in respect of the Series C Preferred Stock will be sufficiently given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of
Designations, in the Certificate of Incorporation or Amended and Restated Bylaws or by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;10.</B> <B>Other
Rights</B>. The shares of the Series C Preferred Stock do not have any voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or
in the Certificate of Incorporation of the Corporation. The holders of the Series C Preferred Stock shall not have any preemptive rights or conversion rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;11.</B> <B>Certificates</B>. The Corporation may at its option issue shares of the Series C Preferred Stock without
certificates. If DTC or its nominee is the registered owner of the Series C Preferred Stock, the following provisions of this Section&nbsp;11 shall apply. If and as long as DTC or its nominee is the registered owner of the Series C Preferred Stock,
DTC or its nominee, as the case may be, shall be considered the sole owner and holder of all such shares of the Series C Preferred Stock of which DTC or its nominee is the registered owner for all purposes under the instruments governing the rights
and obligations of holders of shares of the Series C Preferred Stock. If DTC discontinues providing its services as securities depositary with respect to the shares of the Series C Preferred Stock, or if DTC ceases to be registered as a clearing
agency under the Exchange Act, in the event that a successor securities depositary is not obtained within 90 days, the Corporation shall either print and deliver certificates for the shares of the Series C Preferred Stock or provide for the direct
registration of the Series C Preferred Stock with the Transfer Agent. If the Corporation decides to discontinue the use of the system of book-entry-only transfers through DTC (or a successor securities depositary), the Corporation shall print
certificates for the shares of the Series C Preferred Stock and deliver such certificates to DTC or shall provide for the direct registration of the Series C Preferred Stock with the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-141 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Transfer Agent. Except in the limited circumstances referred to above, owners of beneficial interests in the Series C Preferred Stock of which DTC or its nominee is the registered owner: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be entitled to have such Series C Preferred Stock registered in their names; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not receive or be entitled to receive physical delivery of securities certificates in exchange for
beneficial interests in the Series C Preferred Stock; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be considered to be owners or holders of the shares of the Series C Preferred Stock for any purpose
under the instruments governing the rights and obligations of holders of shares of the Series C Preferred Stock. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;12.</B> <B>Restatement of Certificate</B>. On any restatement of the Certificate of Incorporation of the Corporation,
Section&nbsp;1 through Section&nbsp;11 of this Certificate of Designations shall be included in the Certificate of Incorporation under the heading &#8220;4.125% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual
Preferred Stock, Series C&#8221; and this Section&nbsp;12&nbsp;may be omitted. If the Board of Directors so determines, the numbering of Section&nbsp;1 through Section&nbsp;11&nbsp;may be changed for convenience of reference or for any other proper
purpose.&#8221; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-142 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the Corporation has caused this Certificate to be signed by [&#9679;], its
[&#9679;], this [&#9679;] day of [&#9679;]. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>SUMISHO AIR LEASE CORPORATION</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>[&#9679;]</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:494pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[Signature Page to Amended and
Restated Series C Certificate of Designations] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-143 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT III TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED CERTIFICATE OF DESIGNATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>6.000% FIXED-RATE
RESET <FONT STYLE="white-space:nowrap">NON-CUMULATIVE</FONT> PERPETUAL </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>PREFERRED STOCK, SERIES D </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUMISHO AIR LEASE
CORPORATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Pursuant to Section&nbsp;151 of the </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Delaware General Corporation Law </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sumisho Air
Lease Corporation (formerly Air Lease Corporation), a Delaware corporation (the &#8220;<B>Corporation</B>&#8221;), hereby certifies that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In accordance
with the resolutions of the Board of Directors of the Corporation (the &#8220;<B>Board of Directors</B>&#8221;) adopted in an action by unanimous written consent dated [&#9679;], [&#9679;], the Certificate of Designations for the Series D Preferred
Stock (as defined below) is hereby amended and restated as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;1.</B> <B>Designation</B>.<B> </B>The distinctive
serial designation of such series is &#8220;6.000% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series D&#8221; (&#8220;<B>Series D Preferred Stock</B>&#8221;).<B></B>&nbsp;Each share of the
Series D Preferred Stock shall be identical in all respects to every other share of the Series D Preferred Stock, except that shares of the Series D Preferred Stock issued after September&nbsp;24, 2024 (the &#8220;<B>Original Issue
Date</B>&#8221;)<B></B>&nbsp;shall accrue dividends from the later of the Original Issue Date and the Dividend Payment Date (as defined herein), if any, immediately prior to the original issue date of such additional shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;2.</B> <B>Number of Authorized Shares</B>.<B></B>&nbsp;The number of authorized shares of the Series D Preferred Stock shall
initially be 300,000; <I>provided, </I>however, that any additional shares of the Series D Preferred Stock shall be deemed to form a single series with the Series D Preferred Stock issued pursuant to this Certificate of Designations; <I>provided</I>
<I>further</I>, that any additional shares of the Series D Preferred Stock will be issued with a separate CUSIP number unless they are fungible for U.S. federal income tax purposes with the 300,000 shares of the Series D Preferred Stock that were
initially offered and issued by the Corporation. The number of authorized shares of the Series D Preferred Stock may from time to time be increased (but not in excess of the total number of authorized shares of preferred stock, less all shares of
any other series of preferred stock authorized at the time of such increase) or decreased (but not below the number of shares of the Series D Preferred Stock then outstanding) by resolution of the Board of Directors (or a duly authorized committee
of the Board of Directors), without the vote or consent of the holders of the Series D Preferred Stock. Shares of the Series D Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall be cancelled and shall
revert to authorized but unissued shares of preferred stock undesignated as to series. The Corporation shall have the authority to issue fractional shares of the Series D Preferred Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-144 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;3.</B> <B>Definitions</B>.<B></B>&nbsp;As used herein with respect to the
Series D Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) &#8220;<B>accrual</B>&#8221;<B></B>&nbsp;(or similar terms) used with respect to a dividend or Dividend Period refers only
to the determination of the amount of such dividend and does not imply that any right to a dividend in any Dividend Period that arises prior to the date on which such dividend is declared. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) &#8220;<B>Adjustments</B>&#8221; has the meaning set forth in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) &#8220;<B>Amended and Restated Bylaws</B>&#8221; means the fifth amended and restated bylaws of the Corporation, as may be amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) &#8220;<B>Board of Directors</B>&#8221; has the meaning set forth in the Preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) &#8220;<B>Business Day</B>&#8221; means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in The City of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) &#8220;<B>Calculation Agent</B>&#8221; means, at any time, the
Corporation, an entity affiliated with the Corporation, or the person or entity appointed by the Corporation pursuant to a calculation agent agreement between the Corporation and a calculation agent and serving as such agent with respect to the
Series D Preferred Stock at such time (including any successor to such person or entity). Deutsche Bank Trust Company Americas will be the calculation agent for the Series D Preferred Stock as of the Original Issue Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(g) &#8220;<B>Capital Stock</B>&#8221; means all capital stock of the Corporation authorized to be issued from time to time under the Certificate of
Incorporation, but does not include convertible or exchangeable debt securities, which, prior to conversion or exchange, rank senior in right of payment to the Series D Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(h) &#8220;<B>Certificate of Designations</B>&#8221; means this Certificate of Designations relating to the Series D Preferred Stock, as it may be amended or
supplemented from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) &#8220;<B>Certificate of Incorporation</B>&#8221; means the certificate of incorporation of the Corporation, as
amended and restated on the date hereof and as it may be further amended from time to time and shall include this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(j)
&#8220;<B>Common Stock</B>&#8221; means the Class&nbsp;C common stock, par value $0.01 per share, of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(k)
&#8220;<B>Corporation</B>&#8221; has the meaning set forth in the Preamble. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(l) &#8220;<B>Current Methodology</B>&#8221; has the meaning set forth in the
definition of &#8220;Rating Agency Event.&#8221; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(m) &#8220;<B>Dividend Parity Stock</B>&#8221; means any class or series of Capital Stock of the
Corporation that ranks on a parity with the Series D Preferred Stock as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative).</FONT> As of the date of this Certificate of
Designations, Dividend Parity Stock includes the Series B Preferred Stock and the Series C Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(n) &#8220;<B>Dividend Payment
Date</B>&#8221; has the meaning set forth in Section&nbsp;4(a). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-145 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(o) &#8220;<B>Dividend Period</B>&#8221; means each period from and including a Dividend Payment Date
(except that the initial Dividend Period shall commence on and include the Original Issue Date of the Series D Preferred Stock) and continuing to, but excluding, the next succeeding Dividend Payment Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(p) &#8220;<B>DTC</B>&#8221; means The Depository Trust Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(q) &#8220;<B>Exchange Act</B>&#8221; means the Securities Exchange Act of 1934, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(r) &#8220;<B>Five-year U.S. Treasury Rate</B>&#8221; means, as of any Reset Dividend Determination Date, as applicable: (i)&nbsp;the average of the yields on
actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, for the five Business Days immediately preceding such Reset Dividend Determination Date (or, if fewer than five Business Days appear, such number of
Business Days appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the most recently published H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination; or (ii)&nbsp;if there are no such published yields
on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, then the rate will be determined by interpolation between the average of the yields on actively traded U.S. treasury securities adjusted to constant
maturity for two series of actively traded U.S. treasury securities, (A)&nbsp;one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date and (B)&nbsp;the other maturing as
close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days
appearing) under the caption &#8220;Treasury Constant Maturities&#8221; in the H.15 Daily Update as of 5:00 p.m. (Eastern Time) as of any date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Corporation, in its sole discretion, determines that the Five-year U.S. Treasury Rate cannot be determined in the manner applicable for such rate
(which, as of the Original Issue Date, is pursuant to the methods described in clauses (i)&nbsp;or (ii) above) (a &#8220;<B>Rate Substitution Event</B>&#8221;), the Corporation may, in its sole discretion, designate an unaffiliated agent or advisor,
which may include an unaffiliated underwriter for the offering of the Series D Preferred Stock or any affiliate of any such underwriter (the &#8220;<B>Designee</B>&#8221;), to determine whether there is an industry-accepted successor rate to the
then-applicable base rate (which, as of the Original Issue Date, is the initial base rate). If the Designee determines that there is such an industry-accepted successor rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; shall be such
successor rate and, in that case, the Designee may adjust the spread and may determine and adjust the business day convention, the definition of Business Day and the Reset Dividend Determination Date to be used and any other relevant methodology for
determining or otherwise calculating such successor rate, including any adjustment factor needed to make such successor rate comparable to the then-applicable base rate (which, as of the Original Issue Date, is the initial base rate) in each case,
in a manner that is consistent with industry-accepted practices for the use of such successor rate (the &#8220;<B>Adjustments</B>&#8221;). If the Corporation, in its sole discretion, does not designate a Designee or if the Designee determines that
there is no industry-accepted successor rate to then-applicable base rate, then the &#8220;Five-year U.S. Treasury Rate&#8221; will be the same interest rate <I>(i.e., </I>the same Five-year U.S. Treasury Rate) determined for the prior Reset
Dividend Determination Date or, if this sentence is applicable with respect to the first Reset Dividend Determination Date, 3.440%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(s) &#8220;<B>First
Reset Date</B>&#8221; means December&nbsp;15, 2029. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(t) &#8220;<B>H</B>.<B>15 Daily Update</B>&#8221;<B></B>&nbsp;means the daily statistical release
designated as such, or any successor publication, published by the Federal Reserve Bank of New York. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-146 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(u) &#8220;<B>Junior Stock</B>&#8221; means the Common Stock and any other class or series of Capital Stock
of the Corporation that ranks junior to the Series D Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and/or as to the distribution of assets upon
the liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) &#8220;<B>Liquidation Preference</B>&#8221; has the meaning set forth in
Section&nbsp;5. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(w) &#8220;<B>Liquidation Preference Junior Stock</B>&#8221; means any class or series of stock of the Corporation that ranks junior to
the Series D Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(x)
&#8220;<B>Liquidation Preference Parity Stock</B>&#8221; means any class or series of Capital Stock of the Corporation that ranks on a parity with the Series D Preferred Stock in the distribution of assets on the liquidation, dissolution or winding
up of the Corporation. As of the date of this Certificate of Designations, Liquidation Preference Parity Stock includes the Series B Preferred Stock and the Series C Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(y) &#8220;<B>Nonpayment</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(z) &#8220;<B>Original Issue Date</B>&#8221; has the meaning set forth in Section&nbsp;1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(aa) &#8220;<B>Preferred Stock Directors</B>&#8221; has the meaning set forth in Section&nbsp;7(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(bb) &#8220;<B>Rate Substitution Event</B>&#8221; has the meaning set forth in the definition of &#8220;Five-year U.S. Treasury Rate.&#8221; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(cc) &#8220;<B>Rating Agency Event</B>&#8221;<B></B>&nbsp;means that any &#8220;nationally recognized statistical rating organization&#8221; within the
meaning of Section&nbsp;3(a)(62) of the Exchange Act that then publishes a rating for the Corporation amends, clarifies or changes the methodology or criteria that it employed for purposes of assigning equity credit to securities such as the Series
D Preferred Stock on the Original Issue Date of the Series D Preferred Stock (the &#8220;<B>Current Methodology</B>&#8221;),<B></B>&nbsp;which amendment, clarification or change either (i)&nbsp;shortens the period of time during which equity credit
pertaining to the Series D Preferred Stock would have been in effect had the Current Methodology not been changed or (ii)&nbsp;reduces the amount of equity credit assigned to the Series D Preferred Stock as compared with the amount of equity credit
that such rating agency had assigned to the Series D Preferred Stock as of the Original Issue Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(dd) &#8220;<B>Reset Date</B>&#8221; means the First
Reset Date and each date falling on the fifth anniversary of the preceding Reset Date, including the First Reset Date, which will not be adjusted for Business Days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ee) &#8220;<B>Reset Dividend Determination Date</B>&#8221;<B></B>&nbsp;means, in respect of any Reset Period, the day falling three Business Days prior to
the beginning of such Reset Period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ff) &#8220;<B>Reset Period</B>&#8221; means the period from and including the First Reset Date to, but excluding,
the next following Reset Date and thereafter each period from and including each Reset Date to, but excluding, the next following Reset Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(gg)
&#8220;<B>Senior Stock</B>&#8221;<B></B>&nbsp;means any other class or series of the Corporation&#8217;s Capital Stock ranking senior to the Series D Preferred Stock either as to the payment of dividends (whether such dividends are cumulative or <FONT
STYLE="white-space:nowrap">non-cumulative)</FONT> and/or as to the distribution of assets upon the liquidation, dissolution or winding up of the Corporation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-147 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(hh) &#8220;<B>Series</B> <B>B Preferred Stock</B>&#8221;<B></B>&nbsp;means the Corporation&#8217;s 4.650%
Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series B. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) &#8220;<B>Series</B> <B>C Preferred
Stock</B>&#8221;<B></B>&nbsp;means the Corporation&#8217;s 4.125% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Perpetual Preferred Stock, Series C. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(jj) &#8220;<B>Series D Preferred Stock</B>&#8221; has the meaning set forth in Section&nbsp;1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(kk) &#8220;<B>Stated Amount</B>&#8221;<B></B>&nbsp;means, in respect of the Series D Preferred Stock, $1,000.00 per share, and, in respect of any other
series of Capital Stock, the stated amount per share specified in the Certificate of Incorporation or applicable certificate of designations (including, in the case of any series that does not use the words &#8220;stated amount,&#8221; the specified
amount of any preference upon the voluntary or involuntary liquidation, dissolution or winding up, without regard to any unpaid dividends that may also be included in the liquidation preference with respect to such shares). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ll) &#8220;<B>Transfer Agent</B>&#8221;<B></B>&nbsp;means the transfer agent with respect to the Series D Preferred Stock, which shall be Equiniti Trust
Company, LLC as of the Original Issue Date, and its successor, including any successor transfer agent appointed by the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(mm) &#8220;<B>Voting
Preferred Stock</B>&#8221;<B></B>&nbsp;means any other class or series of preferred stock of the Corporation ranking equally with the Series D Preferred Stock as to dividends (whether cumulative or
<FONT STYLE="white-space:nowrap">non-cumulative)</FONT> and the distribution of assets upon the liquidation, dissolution or winding up of the Corporation and upon which like voting rights to the Series D Preferred Stock have been conferred and are
exercisable. As of the date of this Certificate of Designations, Voting Preferred Stock includes the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock. Whether a plurality, majority or other portion of the
shares of the Voting Preferred Stock have been voted in favor of any matter shall be determined by reference to the Liquidation Preference of the shares voted. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;4. Dividends. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a)
<B>Rate</B>.<B></B>&nbsp;Holders of the Series D Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors (or a duly authorized committee of the Board of Directors), only out of funds legally available
therefor, <FONT STYLE="white-space:nowrap">non-cumulative</FONT> cash dividends for each Dividend Period payable on the Stated Amount per share of the Series D Preferred Stock at a rate per annum equal to (i) 6.000% from the Original Issue Date to,
but excluding, the First Reset Date and (ii)&nbsp;the Five-year U.S. Treasury Rate as of the most recent Reset Dividend Determination Date applicable to each Reset Period plus 2.560%, from and including the First Reset Date; <I>provided</I>, that
the dividend rate per annum during any Reset Period will not reset below 6.000% (which equals the initial dividend rate per annum on the Series D Preferred Stock), in each of cases (i)&nbsp;and (ii), payable quarterly, in arrears, on March&nbsp;15,
June&nbsp;15, September&nbsp;15 and December&nbsp;15 of each year, beginning on December&nbsp;15, 2024. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Each date on which dividends are payable pursuant
to this Section&nbsp;4, subject to adjustment as provided below, is a &#8220;<B>Dividend Payment Date</B>,&#8221;<B></B>&nbsp;and dividends for each Dividend Payment Date are payable with respect to the Dividend Period (or portion thereof) ending on
the day preceding such respective Dividend Payment Date, in each case to holders of record on the 15th calendar day before such Dividend Payment Date or such other record date not more than 30 nor less than 10 days preceding such Dividend Payment
Date fixed for that purpose by the Board of Directors (or a duly authorized committee of the Board of Directors) in advance of payment of each particular dividend. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-148 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Business Day Convention</B>.<B></B>&nbsp;If any Dividend Payment Date is not a Business Day, then
such date will nevertheless be a Dividend Payment Date, but dividends on the Series D Preferred Stock, when, as and if declared, will be paid on the next succeeding Business Day (without adjustment in the amount of the dividend per share of the
Series D Preferred Stock). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Dividend Computation</B>.<B></B>&nbsp;The amount of the dividend per share of the Series D Preferred Stock for each
Dividend Period (or portion thereof) will be calculated on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year consisting of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The applicable dividend rate for each Dividend Period during a Reset Period will be determined by the Calculation Agent, as of the applicable Reset Dividend
Determination Date for such Reset Period. On each Reset Dividend Determination Date, the Calculation Agent will notify the Corporation of the dividend rate for each Dividend Period during the applicable Reset Period. The Calculation Agent&#8217;s
determination of any dividend rate and its calculation of the amount of dividends for any Dividend Period, and a record maintained by the Corporation of any Rate Substitution Event and any Adjustments, will be on file at the Corporation&#8217;s
principal offices, will be made available to any holder of the Series D Preferred Stock upon request and will be final and binding in the absence of manifest error. For the avoidance of doubt, any determination by the Corporation or a Designee
pursuant to the second paragraph of the definition of Five-year U.S. Treasury Rate (including, without limitation, with respect to any Rate Substitution Event or Adjustments) will not be subject to the vote or consent of the holders of the Series D
Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Dividends <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT></B>.<B></B>&nbsp;Dividends on shares of the Series D Preferred
Stock are not cumulative and are not mandatory. If the Board of Directors (or a duly authorized committee of the Board of Directors) does not declare a dividend on the Series D Preferred Stock in respect of a Dividend Period, then holders of the
Series D Preferred Stock shall not be entitled to receive any dividends, and the Corporation will have no obligation to pay any dividend for that Dividend Period, whether or not dividends on the Series D Preferred Stock or any other series of the
Corporation&#8217;s preferred stock or Common Stock are declared for any future dividend period. No interest or sum of money in lieu of interest or dividends will be payable in respect of any dividend not declared by the Board of Directors (or a
duly authorized committee of the Board of Directors). Holders of the Series D Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than dividends (if any) declared and payable on the
Series D Preferred Stock as specified in this Section&nbsp;4 (subject to the other provisions of this Certificate of Designations). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Priority of
Dividends and Redemption and Repurchase of Junior Stock and Dividend Parity Stock</B>.<B></B>&nbsp;So long as any share of the Series D Preferred Stock remains outstanding, unless dividends on all outstanding shares of the Series D Preferred Stock
for the most recently completed Dividend Period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, (i)&nbsp;no dividend may be declared or paid or set aside for payment, and no
distribution may be made, on any Junior Stock, (ii)&nbsp;no shares of Junior Stock shall be purchased, redeemed or otherwise acquired for consideration by the Corporation, directly or indirectly, and (iii)&nbsp;no shares of Dividend Parity Stock
shall be purchased, redeemed or otherwise acquired for consideration by the Corporation, directly or indirectly, other than, in each case: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i)
repurchases, redemptions or other acquisitions of shares of Junior Stock as a result of (x)&nbsp;a reclassification of Junior Stock for or into other Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Junior Stock for or into
one or more shares of Junior Stock or (z)&nbsp;the purchase of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-149 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
fractional interests in shares of Junior Stock under the conversion or exchange provisions of Junior Stock or the security being converted or exchanged; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) repurchases, redemptions or other acquisitions of shares of Junior Stock, through the use of the proceeds of a substantially contemporaneous sale of
other shares of Junior Stock; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) repurchases, redemptions or other acquisitions of shares of Junior Stock in connection with (x)&nbsp;any employment
contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors or consultants or (y)&nbsp;a dividend reinvestment or stockholder stock purchase plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iv) any declaration of a dividend in connection with any stockholders&#8217; rights plan, or the issuance of rights, stock or other property under any
stockholders&#8217; rights plan, or the redemption or repurchase of rights pursuant to the plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(v) any dividend paid on Junior Stock in the form of
stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or is other Junior Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vi) any <I>pro rata </I>purchase or <I>pro rata </I>exchange of all or a <I>pro rata </I>portion of the Series D Preferred Stock and any Dividend Parity
Stock pursuant to an offer made on the same terms to holders of all shares of the Series D Preferred Stock and to holders of all shares of any Dividend Parity Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(vii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock as a result of (x)&nbsp;a reclassification of Dividend Parity Stock
for or into other Dividend Parity Stock or Junior Stock, (y)&nbsp;the exchange or conversion of one or more shares of Dividend Parity Stock for or into one or more shares of other Dividend Parity Stock or Junior Stock or (z)&nbsp;the purchase of
fractional interests in shares of Dividend Parity Stock under the conversion or exchange provisions of Dividend Parity Stock or the security being converted or exchanged; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(viii) repurchases, redemptions or other acquisitions of shares of Dividend Parity Stock through the use of the proceeds of a substantially contemporaneous
sale of other shares of Dividend Parity Stock or Junior Stock; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ix) purchases of shares of the Corporation&#8217;s Common Stock pursuant to a
contractually binding stock repurchase plan existing prior to the preceding Dividend Period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If the Board of Directors (or a duly authorized committee of
the Board of Directors) elects to declare only partial instead of full dividends for a Dividend Payment Date and related Dividend Period on the shares of the Series D Preferred Stock or any Dividend Parity Stock, then, to the extent permitted by the
terms of the Series D Preferred Stock and each outstanding series of Dividend Parity Stock, such partial dividends shall be declared on shares of the Series D Preferred Stock and Dividend Parity Stock, and dividends so declared shall be paid, as to
any such dividend payment date and related dividend period, in amounts such that the ratio of the partial dividends declared and paid on each such series to full dividends on each such series is the same. As used in this paragraph, &#8220;<B>full
dividends</B>&#8221; means, as to any Dividend Parity Stock that bears dividends on a cumulative basis, the amount of dividends that would need to be declared and paid to bring such Dividend Parity Stock current in dividends, including undeclared
dividends for past dividend periods. To the extent a dividend period </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-150 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
with respect to the Series D Preferred Stock or any series of Dividend Parity Stock (in either case, the &#8220;<B>first series</B>&#8221;) coincides with more than one dividend period with
respect to another series as applicable (in either case, a &#8220;<B>second series</B>&#8221;), then, for purposes of this paragraph the Board of Directors (or a duly authorized committee of the Board of Directors) may, to the extent permitted by
the terms of each affected series, treat such dividend period for the first series as two or more consecutive dividend periods, none of which coincides with more than one dividend period with respect to the second series, or may treat such dividend
period(s) with respect to any Dividend Parity Stock and Dividend Period(s) with respect to the Series D Preferred Stock for purposes of this<B></B>&nbsp;paragraph in any other manner that it deems to be fair and equitable in order to achieve ratable
payments of dividends on such Dividend Parity Stock and the Series D Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Subject to the foregoing, dividends (payable in cash, stock or
otherwise) as may be determined by the Board of Directors (or a duly authorized committee of the Board of Directors) may be declared and paid on any Common Stock or other Junior Stock from time to time out of any funds legally available therefor,
and the shares of the Series D Preferred Stock shall not be entitled to participate in any such dividend. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;5. Liquidation Rights. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Voluntary or Involuntary Liquidation</B>.<B></B>&nbsp;In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary
or involuntary, before any distribution or payment out of the assets of the Corporation may be made to or set aside for the holders of any Liquidation Preference Junior Stock, holders of the Series D Preferred Stock will be entitled to receive out
of the assets of the Corporation legally available for distribution to its stockholders <I>(i.e., </I>after satisfaction of all of the Corporation&#8217;s liabilities to creditors, if any) an amount equal to the Stated Amount, plus any dividends
that have been declared but not paid prior to the date of payment of distributions to stockholders, without regard to any undeclared dividends (the &#8220;<B>Liquidation Preference</B>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Partial Payment</B>. If the assets of the Corporation are not sufficient to pay the Liquidation Preference in full to all holders of the Series D
Preferred Stock and all holders of any Liquidation Preference Parity Stock, the amounts paid to the holders of the Series D Preferred Stock and to the holders of all Liquidation Preference Parity Stock shall be <I>pro rata </I>in accordance with the
respective aggregate Liquidation Preferences of the Series D Preferred Stock and all such Liquidation Preference Parity Stock. In any such distribution, the &#8220;<B>Liquidation Preference</B>&#8221; of any holder of stock of the Corporation other
than the Series D Preferred Stock means the amount otherwise payable to such holder in such distribution (assuming no limitation on the assets of the Corporation available for such distribution), including an amount equal to any declared but unpaid
dividends in the case of any holder or stock on which dividends accrue on a <FONT STYLE="white-space:nowrap">non-cumulative</FONT> basis and, in the case of any holder of stock on which dividends accrue on a cumulative basis, an amount equal to any
unpaid, accrued, cumulative dividends, whether or not earned or declared, as applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Residual Distributions</B>. If the Liquidation Preference
has been paid in full to all holders of the Series D Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Liquidation Preference Junior Stock will be entitled to receive all remaining assets of the Corporation
according to their respective rights and preferences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Merger</B>,<B> Consolidation and Sale of Assets Not Liquidation</B>.<B></B>&nbsp;For
purposes of this Section&nbsp;5, the merger, consolidation or other business combination of the Corporation with or into any other entity, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-151 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
including a transaction in which the holders of the Series D Preferred Stock receive cash or property for their shares, or the sale, conveyance, lease, exchange or transfer (for cash, shares of
stock, securities or other consideration) of all or substantially all of the assets of the Corporation, shall not constitute a liquidation, dissolution or winding up of the Corporation. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;6. Redemption. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>Optional
Redemption</B>.<B></B>&nbsp;The Series D Preferred Stock is perpetual and has no maturity date. The Corporation may, at its option, redeem the shares of the Series D Preferred Stock (i)&nbsp;in whole or in part, from time to time, beginning
September&nbsp;24, 2029 and on any day thereafter until (and including) the First Reset Date, and on any Dividend Payment Date thereafter, in each case for cash at a redemption price of the Stated Amount per share and (ii)&nbsp;in whole but not in
part, at any time within 120 days after the conclusion of any review or appeal process instituted by us following the occurrence of a Rating Agency Event, or, if no review or appeal process is available or sought with respect to such Rating Agency
Event, at any time within 120 days after the occurrence of such Rating Agency Event, at a redemption price in cash equal to $1,020.00 per share, in each of cases (i)&nbsp;and (ii), plus any declared and unpaid dividends to, but excluding, the date
fixed for redemption (the &#8220;<B>redemption date</B>&#8221;),<B></B>&nbsp;without accumulation of any undeclared dividends. The redemption price for any shares of the Series D Preferred Stock shall be payable on the redemption date to the holder
of such shares against surrender of the certificate(s) evidencing such shares to the Corporation or its agent, if the shares of the Series D Preferred Stock are issued in certificated form. Any declared but unpaid dividends payable on a redemption
date that occurs subsequent to the applicable record date for a Dividend Period shall not be paid to the holder entitled to receive the redemption price on the redemption date, but rather shall be paid to the holder of record of the redeemed shares
on such record date relating to the applicable Dividend Payment Date as provided in Section&nbsp;4 above. On and after the redemption date, dividends will cease to accrue on shares of the Series D Preferred Stock, and such shares of the Series D
Preferred Stock shall no longer be deemed outstanding and all rights of the holders of such shares will terminate, except the right to receive the redemption price plus any declared and unpaid dividends, without regard to any undeclared dividends,
on such shares to, but excluding, the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>No Sinking Fund</B>.<B></B>&nbsp;The Series D Preferred Stock is not subject to any
mandatory redemption, sinking fund or other similar provisions. Holders of the Series D Preferred Stock have no right to require redemption of any shares of the Series D Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Notice of Redemption</B>.<B></B>&nbsp;Notice of every redemption of shares of the Series D Preferred Stock shall be given by first class mail, postage
prepaid, addressed to the holders of record of the shares to be redeemed at their respective last addresses appearing on the books of the Corporation. Such mailing shall be at least 10 days and not more than 60 days before the date fixed for
redemption. Any notice mailed as provided in this Subsection shall be conclusively presumed to have been duly given, whether or not the holder receives such notice, but failure to duly give such notice by mail, or any defect in such notice or in the
mailing thereof, to any holder of shares of the Series D Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of the Series D Preferred Stock. Notwithstanding the
foregoing, if the shares of the Series D Preferred Stock are issued in book-entry form through DTC or any other similar facility, notice of redemption may be given to the holders of the Series D Preferred Stock at such time and in any manner
permitted by such facility. Each such notice given to a holder shall state: (1)&nbsp;the redemption date; (2)&nbsp;the number of shares of the Series D Preferred Stock to be redeemed and, if less than all shares of the Series D Preferred Stock held
by the holder are to be redeemed, the number of shares of the Series D Preferred Stock to be redeemed from such holder or the method for determining such number; (3)&nbsp;the redemption </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-152 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
price; (4)&nbsp;if the Series D Preferred Stock is evidenced by definitive certificates, the place or places where certificates for such shares of the Series D Preferred Stock are to be
surrendered for payment of the redemption price; and (5)&nbsp;that dividends on such shares will cease to accrue on and after the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d)
<B>Partial Redemption</B>.<B></B>&nbsp;In case of any redemption of only part of the shares of the Series D Preferred Stock at the time outstanding, the shares to be redeemed shall be selected either on a <I>pro rata </I>basis (as nearly as
practicable without creating fractional shares), by lot or in such other manner as the Board of Directors (or a duly authorized committee of the Board of Directors) may determine to be fair and equitable. Subject to the provisions hereof, the Board
of Directors (or a duly authorized committee of the Board of Directors) shall have full power and authority to prescribe the terms and conditions on which shares of the Series D Preferred Stock shall be redeemed from time to time. If the Corporation
shall have issued certificates for the Series D Preferred Stock and fewer than all shares represented by any certificates are redeemed, new certificates shall be issued representing the unredeemed shares without charge <B>to </B>the holders thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Effectiveness of Redemption</B>.<B></B>&nbsp;If notice of redemption has been duly given, and if on or before the redemption date specified in the
notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other funds, in trust for the <I>pro rata </I>benefit of the holders of the shares called for redemption, so as to be and continue to
be available for that purpose, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation in the case that the shares of the Series D Preferred Stock are issued in certificated form,
dividends shall cease to accrue on and after the redemption date for all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights of the holders with respect to such shares shall
forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption date, without interest. Any funds unclaimed at the end of two years from the redemption date, to the
extent permitted by law, shall be released from the trust so established and may be commingled with the Corporation&#8217;s other funds, and after that time the holders of the shares so called for redemption shall look only to the Corporation for
payment of the redemption price of such shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;7. Voting Rights</B>.<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(a) <B>General</B>. The holders of the Series D Preferred Stock have no voting rights as holders of the Series&nbsp;D Preferred Stock except as set forth below
or as otherwise required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(b) <B>Right to Elect Two Directors on Nonpayment of Dividends</B>.<B></B>&nbsp;Whenever dividends on any shares of the
Series D Preferred Stock, or any other Voting Preferred Stock, shall have not been declared and paid for the equivalent of six full quarterly dividend payments, whether or not for consecutive Dividend Periods (a
&#8220;<B>Nonpayment</B>&#8221;),<B></B>&nbsp;the holders of such shares, voting together as a class with holders of any and all other series of Voting Preferred Stock then outstanding, will be entitled to vote for the election of a total of two
additional members of the Board of Directors (the &#8220;<B>Preferred</B> <B>Stock Directors</B>&#8221;),<B></B><I>&nbsp;provided</I>,<I></I>&nbsp;that the election of any such directors shall not cause the Corporation to violate the then-applicable
corporate governance requirements of the New York Stock Exchange (or<B></B>&nbsp;any other exchange on which the Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors and <I>provided
further </I>that the Board of Directors shall at no time include more than two Preferred Stock Directors. In that event, the number of directors on the Board of Directors shall automatically increase by two, and the new directors shall be elected at
a special meeting called at the request of the holders of record of at least 20% of the Series D Preferred Stock or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-153 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of any other series of Voting Preferred Stock (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event
such election shall be held at such next annual or special meeting of stockholders), and at each subsequent annual meeting. Such request to call a special meeting for the initial election of the Preferred Stock Directors after a Nonpayment shall be
made by written notice, signed by the requisite holders of the Series D Preferred Stock or other Voting Preferred Stock, and delivered to the Secretary of the Corporation in such manner as provided for in Section&nbsp;9 below, or as may otherwise be
required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If and when dividends for at least four consecutive quarterly Dividend Periods following a Nonpayment have been paid in full on the
Series D Preferred Stock and any other class or series of Voting Preferred Stock, the holders of the Series D Preferred Stock and all other holders of Voting Preferred Stock shall be divested of the foregoing voting rights (subject to revesting in
the event of each subsequent Nonpayment), the term of office of each Preferred Stock Director so elected shall automatically terminate and the number of directors on the Board of Directors shall automatically decrease by two. In determining whether
dividends have been paid for the equivalent of at least four consecutive quarterly Dividend Periods following a Nonpayment, the Corporation may take account of any dividend it elects to pay for any Dividend Period after the regular Dividend Payment
Date for that period has passed. Any Preferred Stock Director may be removed at any time without cause by the holders of record of a majority of the outstanding shares of the Series D Preferred Stock together with all series of Voting Preferred
Stock then outstanding (voting together as a single class) to the extent such holders have the voting rights described above. So long as a Nonpayment shall continue, any vacancy in the office of a Preferred Stock Director (other than prior to the
initial election after a Nonpayment) may be filled by the written consent of the Preferred Stock Director remaining in office, or if none remains in office, by a vote of the holders of record of a majority of the outstanding shares of the Series D
Preferred Stock and all Voting Preferred Stock when they have the voting rights described above (voting together as a single class); <I>provided</I> that the filling of any such vacancy shall not cause the Corporation to violate the then-applicable
corporate governance requirement of the New York Stock Exchange (or any other exchange on which the Corporation&#8217;s securities may be listed) that listed companies must have a majority of independent directors. Any such vote to remove, or to
fill a vacancy in the office of, a Preferred Stock Director may be taken only at a special meeting called at the request of the holders of record of at least 20% of the Series D Preferred Stock or of any other series of Voting Preferred Stock
(unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next annual or special meeting of stockholders). The Preferred
Stock Directors shall each be entitled to one vote per director on any matter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(c) <B>Other Voting Rights</B>.<B></B>&nbsp;So long as any shares of the
Series D Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required by law or by the Certificate of Incorporation, the vote or consent of the holders of at least
<FONT STYLE="white-space:nowrap">two-thirds</FONT> of the shares of the Series D Preferred Stock at the time outstanding, voting together as a single class with any other series of preferred stock entitled to vote thereon, to the exclusion of all
other series of preferred stock, given in person or by proxy, either in writing without a meeting or by vote at any meeting called for the purpose, will be necessary for effecting or validating: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) <B>Amendment of Certificate of Incorporation or Certificate of Designations</B>.<B></B>&nbsp;Any amendment, alteration or repeal of any provision of the
Certificate of Incorporation or this Certificate of Designations that would materially and adversely alter or change the voting powers, preferences or special rights of the Series D Preferred Stock, taken as a whole; <I>provided</I>,<I>
however</I>,<I></I>&nbsp;that the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-154 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
amendment of the Certificate of Incorporation so as to authorize or create, or to increase the authorized amount of, any class or series of Capital Stock that does not rank senior to the Series D
Preferred Stock in either the payment of dividends (whether such dividends are cumulative or <FONT STYLE="white-space:nowrap">non-cumulative)</FONT> or in the distribution of assets on liquidation, dissolution or winding up of the Corporation shall
not be deemed to materially or adversely affect the voting powers, preferences or special rights of the Series D Preferred Stock; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) <B>Authorization
of Senior Stock</B>.<B></B>&nbsp;Any amendment or alteration of the Certificate of Incorporation to authorize or create, or increase the authorized amount of, any shares of any class or series or any securities convertible into shares of any class
or series of Capital Stock of the Corporation ranking senior to the Series D Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Corporation; or
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) <B>Share Exchanges, Reclassifications, Mergers and Consolidations and Other Transactions</B>.<B></B> Any consummation of (x)&nbsp;a binding share
exchange or reclassification involving the Series D Preferred Stock or (y)&nbsp;a merger or consolidation of the Corporation with another entity (whether or not a corporation), unless in each case (A)&nbsp;the shares of the Series D Preferred Stock
remain outstanding or, in the case of any such merger or consolidation with respect to which the Corporation is not the surviving or resulting entity, the shares of the Series D Preferred Stock are converted into or exchanged for preference
securities of the surviving or resulting entity or its ultimate parent, and (B)&nbsp;such shares remaining outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, and limitations
and restrictions thereof, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers, and restrictions and limitations thereof, of the Series D Preferred Stock, taken as a
whole, immediately prior to such consummation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">If an amendment, alteration, repeal, share exchange, reclassification, merger or consolidation described
above would materially and adversely affect the rights, preferences, privileges and voting powers, and restrictions and limitations, taken as a whole, of one or more but not all series of Voting Preferred Stock (including the Series D Preferred
Stock for this purpose), then only the series so affected and entitled to vote shall vote, together as a class, to the exclusion of all other series of preferred stock. If all series of preferred stock are not equally affected by the proposed
amendment, alteration, repeal, share exchange, reclassification, merger or consolidation described above, then only a <FONT STYLE="white-space:nowrap">two-thirds</FONT> approval of each such series that is materially and adversely affected shall be
required. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(d) <B>Changes Permitted without Consent</B>. Without the consent of the holders of the Series D Preferred Stock, the Corporation may amend,
alter, supplement or repeal any terms of the Series D Preferred Stock: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(i) to cure any ambiguity, or to cure, correct or supplement any provision
contained in this Certificate of Designations for the Series D Preferred Stock that may be defective or inconsistent, so long as such action does not materially and adversely affect the rights, preferences, privileges and voting powers of the Series
D Preferred Stock, taken as a whole; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(ii) to conform this Certificate of Designations to the description of the Series D Preferred Stock set forth in the
Corporation&#8217;s final prospectus supplement related to the Series D Preferred Stock; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(iii) to make any provision with respect to matters or
questions arising with respect to the Series D Preferred Stock that is not inconsistent with the provisions of this Certificate of Designations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-155 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(e) <B>Changes after Provision for Redemption</B>.<B></B>&nbsp;No vote or consent of the holders of the
Series D Preferred Stock will be required pursuant to Section&nbsp;7(b) or (c)&nbsp;above if, at or prior to the time when the act with respect to which any such vote or consent would otherwise be required pursuant to such Sections, all outstanding
shares of the Series D Preferred Stock shall have been redeemed, or shall have been called for redemption on proper notice and sufficient funds shall have been set aside by or on behalf of the Corporation for the benefit of the holders of the Series
D Preferred Stock to effect such redemption, in each case pursuant to Section&nbsp;6 above, unless in the case of a vote or consent required pursuant to clause (ii)&nbsp;of Section&nbsp;7(c) above if all outstanding shares of the Series D Preferred
Stock are being redeemed with the proceeds from the sale of the stock to be authorized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">(f) <B>Procedures for Voting and Consents</B>.<B></B>&nbsp;The
rules and procedures for calling and conducting any meeting of the holders of the Series D Preferred Stock (including, without limitation, the fixing of a record date in connection therewith), the solicitation and use of proxies at such a meeting,
the obtaining of written consents and any other aspect or matter with regard to such a meeting or such consents shall be governed by any rules the Board of Directors (or a duly authorized committee of the Board of Directors), in its discretion, may
adopt from time to time, which rules and procedures shall conform to the requirements of the Certificate of Incorporation, the Amended and Restated Bylaws, applicable law and any national securities exchange or other trading facility on which the
Series D Preferred Stock may be listed or traded at the time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In any matter in which the Series D Preferred Stock may vote (as expressly provided in this
Certificate of Designations), each share of the Series D Preferred Stock shall be entitled to one vote per $1,000.00 of Liquidation Preference. If the Series D Preferred Stock and any other Liquidation Preference Parity Stock is entitled to vote
together as a single class on any matter, the holders of each will vote in proportion to their respective Liquidation Preferences. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;8.</B> <B>Record Holders</B>. To the fullest extent permitted by applicable law, the Corporation and the Transfer Agent may deem
and treat the record holder of any share of the Series D Preferred Stock as the true and lawful owner thereof for all purposes, and neither the Corporation nor the Transfer Agent shall be affected by any notice to the contrary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;9.</B> <B>Notices</B>.<B></B>&nbsp;All notices or communications in respect of the Series D Preferred Stock will be sufficiently
given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of Designations, in the Certificate of Incorporation or Amended and Restated Bylaws
or by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;10.</B> <B>Other Rights</B>.<B></B>&nbsp;The shares of the Series D Preferred Stock do not have any
voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Corporation. The holders of
the Series D Preferred Stock shall not have any preemptive rights or conversion rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;11.</B>
<B>Certificates</B>.<B></B>&nbsp;The Corporation may at its option issue shares of the Series D Preferred Stock without certificates. If DTC or its nominee is the registered owner of the Series D Preferred Stock, the following provisions of this
Section&nbsp;11 shall apply. If and as long as DTC or its nominee is the registered owner of the Series D Preferred Stock, DTC or its nominee, as the case may be, shall be considered the sole owner and holder of all such shares of the Series D
Preferred Stock of which DTC or its nominee is the registered owner for all purposes under the instruments governing the rights and obligations of holders of shares of the Series D Preferred Stock. If DTC discontinues providing its
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-156 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
services as securities depositary with respect to the shares of the Series D Preferred Stock, or if DTC ceases to be registered as a clearing agency under the Exchange Act, in the event that a
successor securities depositary is not obtained within 90 days, the Corporation shall either print and deliver certificates for the shares of the Series D Preferred Stock or provide for the direct registration of the Series D Preferred Stock with
the Transfer Agent. If the Corporation decides to discontinue the use of the system of book-entry-only transfers through DTC (or a successor securities depositary), the Corporation shall print certificates for the shares of the Series D Preferred
Stock and deliver such certificates to DTC or shall provide for the direct registration of the Series D Preferred Stock with the Transfer Agent. Except in the limited circumstances referred to above, owners of beneficial interests in the Series D
Preferred Stock of which DTC or its nominee is the registered owner: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be entitled to have such Series D Preferred Stock registered in their names; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not receive or be entitled to receive physical delivery of securities certificates in exchange for
beneficial interests in the Series D Preferred Stock; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">shall not be considered to be owners or holders of the shares of the Series D Preferred Stock for any purpose
under the instruments governing the rights and obligations of holders of shares of the Series D Preferred Stock. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;12.</B> <B>Restatement of Certificate</B>.<B></B>&nbsp;On any restatement of the Certificate of Incorporation of the
Corporation, Section&nbsp;1 through Section&nbsp;11 of this Certificate of Designations shall be included in the Certificate of Incorporation under the heading &#8220;6.000% Fixed-Rate Reset <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT>
Perpetual Preferred Stock, Series D&#8221; and this Section&nbsp;12&nbsp;may be omitted. If the Board of Directors so determines, the numbering of Section&nbsp;1 through Section&nbsp;11&nbsp;may be changed for convenience of reference or for any
other proper purpose.&#8221; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-157 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>,<B></B>&nbsp;the Corporation has caused this Certificate to be signed by
[&#9679;], its [&#9679;], this [&#9679;] day of [&#9679;]. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:11pt"><B>SUMISHO AIR LEASE CORPORATION</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[&#9679;]</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:497pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[Signature Page to Amended and
Restated Series D Certificate of Designations] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-158 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="anxa28474_109"></A>Exhibit C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>FIFTH AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>BYLAWS OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUMISHO AIR
LEASE CORPORATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>(a Delaware corporation) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C<SMALL>ORPORATE</SMALL> O<SMALL>FFICES</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;1.1.&#8195;<I>Registered Office</I>. The registered office of the Corporation shall be fixed in the Amended and Restated
Certificate of Incorporation (the &#8220;<B>Certificate of Incorporation</B>&#8221;) of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;1.2.&#8195;<I>Other
Offices</I>. The Corporation may also have an office or offices, and keep the books and records of the Corporation, except as may otherwise be required by law, at such other place or places, either within or without the State of Delaware, as the
Board of Directors may from time to time determine or the business of the Corporation may require. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE II </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">M<SMALL>EETINGS</SMALL> <SMALL>OF</SMALL> S<SMALL>TOCKHOLDERS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.1.&#8195;<I>Annual Meeting</I>. The annual meeting of stockholders, for the election of directors and for the transaction of
such other business as may properly come before the meeting, shall be held at such place, if any, on such date, and at such time as may be determined by the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.2.&#8195;<I>Special Meeting</I>. Subject to the rights of the holders of any series of preferred stock, $0.01 par value (the
&#8220;<B>Preferred Stock</B>&#8221;), a special meeting of the stockholders may be called at any time by the majority of the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.3.&#8195;<I>Notice of Stockholders</I><I>&#8217;</I><I> Meetings</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;Notice of the place, if any, date, and time of all meetings of the stockholders, the record date for determining the stockholders
entitled to vote at the meeting (if such date is different from the record date for determining the stockholders entitled to notice of the meeting) and the means of remote communications, if any, by which stockholders and proxyholders may be deemed
to be present in person and vote at such meeting, shall be given, not less than 10 nor more than 60 days before the date on which the meeting is to be held, to each stockholder entitled to vote at such meeting as of the record date for determining
the stockholders entitled to notice of the meeting, except as otherwise provided herein or required by law. In the case of a special meeting, the purpose or purposes for which the meeting is called also shall be set forth in the notice. Notice may
be given personally, by mail or by electronic transmission in accordance with Section&nbsp;232 of the General Corporation Law of the State of Delaware (the &#8220;<B>DGCL</B>&#8221;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;When a meeting is adjourned to another time or place, notice need not be given of the adjourned meeting if the place, if any, date
and time thereof, and the means of remote communications, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-159 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
if any, by which stockholders and proxyholders may be deemed to be present in person and vote at such adjourned meeting are announced at the meeting at which the adjournment is taken;
<I>provided</I>, <I>however</I>, that if the date of any adjourned meeting is more than 30 days after the date for which the meeting was originally called, a notice of the adjourned meeting shall be given to each stockholder of record entitled to
vote at the meeting. If after the adjournment a new record date for stockholders entitled to vote is fixed for the adjourned meeting, the Board of Directors shall fix a new record date for notice of such adjourned meeting in accordance with
Section&nbsp;7.5(a) of these Bylaws, and shall give notice of the adjourned meeting to each stockholder of record entitled to vote at such adjourned meeting as of the record date for notice of such adjourned meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(c)&#8195;Notice of any meeting of stockholders may be waived in writing or by electronic transmission, either before or after the meeting,
and to the extent permitted by law, will be waived by any stockholder by attendance thereat, in person or by proxy, except when the person objects at the beginning of the meeting to the transaction of any business because the meeting is not lawfully
called or convened. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.4.&#8195;<I>Organization</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;Meetings of stockholders shall be presided over by the Chairman of the Board of Directors (the &#8220;<B>Chairman</B>&#8221;), if
any, or in his or her absence, by the President, if any, or in his or her absence, by a director designated by the majority of the Board of Directors. The Secretary, or in his or her absence, a person whom the Chairman of the meeting shall appoint,
shall act as Secretary of the meeting and keep a record of the proceedings thereof. The Board of Directors shall be entitled to make such rules or regulations for the conduct of meetings of stockholders as it shall deem necessary, appropriate or
convenient. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.5.&#8195;<I>Quorum</I>. At any meeting of stockholders, the holders of a majority in voting power of all
issued and outstanding stock entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum for the transaction of business; <I>provided</I> that where a separate vote by a class or series is required, the holders of
a majority in voting power of all issued and outstanding stock of such class or series entitled to vote on such matter, present in person or represented by proxy, shall constitute a quorum entitled to take action with respect to such matter. If a
quorum is not present or represented at any meeting of stockholders, then the Chairman of the meeting or the holders of a majority in voting power of the stock entitled to vote thereat, present in person or represented by proxy, shall have power to
adjourn the meeting from time to time in accordance with Section&nbsp;2.6, without notice other than announcement at the meeting and except as provided in Section&nbsp;2.3(b), until a quorum is present or represented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.6.&#8195;<I>Adjourned Meeting</I>. Any annual or special meeting of stockholders, whether or not a quorum is present, may be
adjourned for any reason from time to time by either the Chairman of the meeting or the holders of a majority in voting power of the stock entitled to vote thereat, present in person or represented by proxy. At any such adjourned meeting at which a
quorum may be present, any business may be transacted that might have been transacted at the meeting as originally called. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.7.&#8195;<I>Voting</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;Except as otherwise provided by law or the Certificate of Incorporation, each holder of stock of the Corporation entitled to vote at
any meeting of stockholders shall be entitled to one vote for each share of such stock held of record by such holder on all matters submitted to a vote of stockholders of the Corporation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-160 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;Except as otherwise provided by law, the Certificate of Incorporation or these
Bylaws, at each meeting of stockholders at which a quorum is present, all corporate actions to be taken by vote of the stockholders shall be authorized by the affirmative vote of the holders of a majority in voting power of the stock entitled to
vote thereon, present in person or represented by proxy, and where a separate vote by class or series is required, if a quorum of such class or series is present, such act shall be authorized by the affirmative vote of the holders of a majority in
voting power of the stock of such class or series entitled to vote thereon, present in person or represented by proxy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.8.&#8195;<I>Proxies</I>. Every person entitled to vote for directors, or on any other matter, shall have the right to do so
either in person or by one or more agents authorized by a proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period. A stockholder may revoke any proxy which is not
irrevocable by attending the meeting and voting in person or by filing an instrument in writing revoking the proxy or by filing another duly executed proxy bearing a later date with the Secretary of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.9.&#8195;<I>Action by Written Consent</I>. Subject to the rights of the holders of any series of Preferred Stock and unless
otherwise provided in the Certificate of Incorporation, any action required or permitted to be taken at any annual or special meeting of stockholders may be taken without a meeting, without prior notice and without a vote. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.10.&#8195;<I>Meetings by Remote Communications</I>. The Board of Directors may, in its sole discretion, determine that a
meeting of stockholders shall not be held at any place, but may instead be held solely by means of remote communication in accordance with Section&nbsp;211(a)(2) of the DGCL. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D<SMALL>IRECTORS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.1.&#8195;<I>Powers</I>. Subject to the provisions of the DGCL and to any limitations in the Certificate of Incorporation
relating to action required to be approved by the stockholders, the business and affairs of the Corporation shall be managed and shall be exercised by or under the direction of the Board of Directors. In addition to the powers and authorities these
Bylaws expressly confer upon them, the Board of Directors may exercise all such powers of the Corporation and do all such lawful acts and things as are not by law or the Certificate of Incorporation required to be exercised or done by the
stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.2.&#8195;<I>Number, Term of Office and Election</I>. The Board of Directors shall consist of such number of
directors as determined from time to time by resolution of the Board of Directors. Subject to the rights of the holders of any series of Preferred Stock to elect additional directors under specific circumstances and except as provided in
Section&nbsp;3.3, directors shall be elected by a majority of the votes cast at the stockholders&#8217; annual meeting in each year. Directors need not be stockholders unless so required by the Certificate of Incorporation or these Bylaws, wherein
other qualifications for directors may be prescribed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.3.&#8195;<I>Vacancies</I>. Subject to the rights of the holders of
any one or more series of Preferred Stock then outstanding, newly created directorships resulting from any increase in the authorized number of directors or any vacancies in the Board of Directors resulting from death, resignation, retirement,
disqualification, removal from office or other cause shall be filled solely by the affirmative vote of a majority of the remaining directors then in office, though less than a quorum, and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-161 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
directors so chosen shall hold office until the expiration of the term of office of the director whom he or she has replaced or until his or her successor shall be elected and qualified. No
decrease in the authorized number of directors shall shorten the term of any incumbent director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.4.&#8195;<I>Resignations
and Removal</I>. Any director may resign at any time upon notice given in writing or by electronic transmission to the Board of Directors, the Chairman or the Secretary. Such resignation shall take effect upon receipt of such notice by the Board of
Directors, the Chairman or the Secretary, as the case may be. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Subject to the rights of the holders of any series of Preferred Stock
and unless otherwise restricted by law, any director or the entire Board of Directors may be removed, with or without cause, by the holders of a majority of the voting power of all issued and outstanding stock entitled to vote at an election of
directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.5.&#8195;<I>Regular Meetings</I>. Regular meetings of the Board of Directors shall be held at such place or
places, on such date or dates and at such time or times, as shall have been established by the Board of Directors and publicized among all directors; <I>provided</I> that no fewer than one regular meeting per year shall be held. A notice of each
regular meeting shall not be required. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.6.&#8195;<I>Special Meetings</I>. Special meetings of the Board of Directors for
any purpose or purposes may be called at any time by a majority of the Board of Directors then in office. Notice of special meetings shall fix the place and time of such meetings and shall be given to each director at least two days prior to the
time set for such meeting. Notice of any meeting need not be given to a director who shall, either before or after the meeting, submit a waiver of such notice or who shall attend such meeting without protesting, prior to or at its commencement, the
lack of notice to such director. A notice of special meeting need not state the purpose of such meeting, and, unless indicated in the notice thereof, any and all business may be transacted at a special meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.7.&#8195;<I>Participation in Meetings by Conference Telephone</I>. Members of the Board of Directors, or of any committee
thereof, may participate in a meeting of such Board of Directors or committee by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and such participation
shall constitute presence in person at such meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.8.&#8195;<I>Quorum</I>. Except as otherwise provided by law, the
Certificate of Incorporation or these Bylaws, a majority of the authorized number of directors shall constitute a quorum for the transaction of business at any meeting of the Board of Directors, and the vote of a majority of the directors present at
a duly held meeting at which a quorum is present shall be regarded as the act of the Board of Directors. The Chairman of the meeting or a majority of the directors present may adjourn the meeting to another time and place whether or not a quorum is
present. At any adjourned meeting at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally called. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.9.&#8195;<I>Board of Directors Action by Written Consent Without a Meeting</I>. Any action required or permitted to be taken by
the Board of Directors may be taken without a meeting, <I>provided</I> that all members of the Board of Directors consent in writing or by electronic transmission to such action, and the writing or writings or electronic transmission or
transmissions are filed with the minutes or proceedings of the Board of Directors. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-162 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
form. Such action by written consent shall have the same force and effect as a unanimous vote of the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.10.&#8195;<I>Chairman of the Board of Directors</I>. The Chairman shall preside at meetings of stockholders and directors and
shall perform such other duties as the Board of Directors may from time to time determine. If the Chairman is not present at a meeting of the Board of Directors, the President, if any, or in his or her absence, another director chosen by the Board
of Directors shall preside. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.11.&#8195;<I>Rules and Regulations</I>. The Board of Directors shall adopt such rules and
regulations not inconsistent with the provisions of law, the Certificate of Incorporation or these Bylaws for the conduct of its meetings and management of the affairs of the Corporation as the Board of Directors shall deem proper. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.12.&#8195;<I>Fees and Compensation of Directors</I>. Directors and members of committees may receive such compensation, if any,
for their services and such reimbursement of expenses as may be fixed or determined by resolution of the Board of Directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C<SMALL>OMMITTEES</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.1.&#8195;<I>Committees of the Board of Directors</I>. The Board of Directors may, by resolution, designate one or more
committees, each such committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee to replace any absent or disqualified member at any
meeting of the committee. In the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not he, she or they constitute a quorum, may unanimously appoint
another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of Directors establishing such committee, shall have and
may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such
committee shall have the power or authority in reference to the following matters: (a)&nbsp;approving or adopting, or recommending to the stockholders, any action or matter (other than the election or removal of directors) expressly required by the
DGCL to be submitted to stockholders for approval or (b)&nbsp;adopting, amending or repealing any bylaw of the Corporation. All committees of the Board of Directors shall keep minutes of their meetings and shall report their proceedings to the Board
of Directors when requested or required by the Board of Directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE V </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">O<SMALL>FFICERS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.1.&#8195;<I>Officers</I>. The officers of the Corporation shall consist of a President and a Secretary, each of whom shall be
appointed by the Board of Directors, each to have such authority, functions or duties as set forth in these Bylaws or as determined by the Board of Directors. The Corporation may also have such other officers as the Board of Directors may in its
discretion appoint and such officers shall have such powers and perform such duties incident to each of their respective offices and such other duties as may from time to time be conferred upon or assigned to them by the Board of Directors. Each
officer shall hold office for such term as may be prescribed by the Board of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-163 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
Directors and until such person&#8217;s successor shall have been duly chosen and qualified, or until such person&#8217;s earlier death, disqualification, resignation or removal. Any two of such
offices may be held by the same person; <I>provided</I>, <I>however</I>, that no officer shall execute, acknowledge or verify any instrument in more than one capacity if such instrument is required by law, the Certificate of Incorporation or these
Bylaws to be executed, acknowledged or verified by two or more officers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.2.&#8195;<I>Compensation</I>. The salaries of the
officers of the Corporation and the manner and time of the payment of such salaries shall be fixed and determined by the Board of Directors and may be altered by the Board of Directors from time to time as it deems appropriate, subject to the
rights, if any, of such officers under any contract of employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.3.&#8195;<I>Removal, Resignation and Vacancies</I>. Any
officer of the Corporation may be removed, with or without cause, by the Board of Directors, without prejudice to the rights, if any, of such officer under any contract to which it is a party. Any officer may resign at any time upon written notice
to the Corporation, without prejudice to the rights, if any, of the Corporation under any contract to which such officer is a party. If any vacancy occurs in any office of the Corporation, the Board of Directors may appoint a successor to fill such
vacancy for the remainder of the unexpired term and until a successor shall have been duly chosen and qualified. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE VI </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">I<SMALL>NDEMNIFICATION</SMALL> <SMALL>AND</SMALL> A<SMALL>DVANCEMENT</SMALL> <SMALL>OF</SMALL> E<SMALL>XPENSES</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.1.&#8195;<I>Right to Indemnification</I>. Each person who was or is a party or is threatened to be made a party to, or was or
is otherwise involved in, any action, suit, arbitration, alternative dispute mechanism, inquiry, judicial, administrative or legislative hearing, investigation or any other threatened, pending or completed proceeding, whether brought by or in the
right of the Corporation or otherwise, including any and all appeals, whether of a civil, criminal, administrative, legislative, investigative or other nature (hereinafter a &#8220;<B>proceeding</B>&#8221;), by reason of the fact that he or she is
or was a director or an officer of the Corporation or, while a director, officer, employee, agent, or trustee of the Corporation, is or was serving at the request of the Corporation as a director, officer, employee, agent or trustee of another
corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (hereinafter an &#8220;<B>indemnitee</B>&#8221;), or by reason of anything done or not done by him or her in any
such capacity, shall be indemnified and held harmless by the Corporation to the fullest extent authorized by the DGCL, as the same exists or may hereafter be amended, against all expense, liability and loss (including attorneys&#8217; fees,
judgments, fines, Employee Retirement Income Security Act of 1974, as amended (&#8220;<B>ERISA</B>&#8221;) excise taxes or penalties and amounts paid in settlement by or on behalf of the indemnitee) actually and reasonably incurred by such
indemnitee in connection therewith; <I>provided</I>, <I>however</I>, that, except as otherwise required by law or provided in Section&nbsp;6.3 with respect to proceedings to enforce rights under this Article VI, the Corporation shall indemnify any
such indemnitee in connection with a proceeding, or part thereof, initiated by such indemnitee (including claims and counterclaims, whether such counterclaims are asserted by (a)&nbsp;such indemnitee, or (b)&nbsp;the Corporation in a proceeding
initiated by such indemnitee) only if such proceeding, or part thereof, was authorized or ratified by the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.2.&#8195;<I>Right to Advancement of Expenses</I>. In addition to the right to indemnification conferred in Section&nbsp;6.1, an
indemnitee shall, to the fullest extent not prohibited by law, also have the right to be paid by the Corporation the expenses (including attorneys&#8217; fees) incurred in defending any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-164 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
proceeding with respect to which indemnification is required under Section&nbsp;6.1 in advance of its final disposition (hereinafter an &#8220;<B>advancement of expenses</B>&#8221;);
<I>provided</I>, <I>however</I>, that an advancement of expenses shall be made only upon delivery to the Corporation of an undertaking (hereinafter an &#8220;<B>undertaking</B>&#8221;), by or on behalf of such indemnitee, to repay all amounts so
advanced if it shall ultimately be determined by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal (hereinafter a &#8220;<B>final adjudication</B>&#8221;) that such indemnitee is not entitled
to be indemnified for such expenses under this Section&nbsp;6.2 or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.3.&#8195;<I>Right of Indemnitee to Bring
Suit</I>. If a request for indemnification under Section&nbsp;6.1 is not paid in full by the Corporation within 60 days, or if a request for an advancement of expenses under Section&nbsp;6.2 is not paid in full by the Corporation within 20 days,
after a written request has been received by the Corporation, the indemnitee may at any time thereafter bring suit against the Corporation in a court of competent jurisdiction in the State of Delaware seeking an adjudication of entitlement to such
indemnification or advancement of expenses. If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall be entitled
to be paid also the expense of prosecuting or defending such suit to the fullest extent permitted by law. In any suit brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the indemnitee to enforce a
right to an advancement of expenses) it shall be a defense that the indemnitee has not met any applicable standard of conduct for indemnification set forth in the DGCL. Further, in any suit brought by the Corporation to recover an advancement of
expenses pursuant to the terms of an undertaking, the Corporation shall be entitled to recover such expenses upon a final adjudication that the indemnitee has not met any applicable standard of conduct for indemnification set forth in the DGCL.
Neither the failure of the Corporation (including its directors who are not parties to such action, a committee of such directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit
that indemnification of the indemnitee is proper in the circumstances because the indemnitee has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Corporation (including its directors who are not
parties to such action, a committee of such directors, independent legal counsel, or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall create a presumption that the indemnitee has not met the applicable
standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit. In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or brought by the
Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of expenses, under this Article VI or otherwise shall be
on the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.4.&#8195;<I><FONT STYLE="white-space:nowrap">Non-Exclusivity</FONT> of Rights</I>. The rights to
indemnification and to the advancement of expenses conferred in this Article VI shall not be exclusive of any other right which any person may have or hereafter acquire under any law, agreement, vote of stockholders or directors, provisions of the
Certificate of Incorporation or these Bylaws or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.5.&#8195;<I>Insurance</I>. The Corporation may maintain
insurance, at its expense, to protect itself and any director, officer, employee or agent of the Corporation or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not the
Corporation would have the power to indemnify such person against such expense, liability or loss under the DGCL. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-165 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.6.&#8195;<I>Indemnification of Employees and Agents of the Corporation</I>.
The Corporation may, to the extent authorized from time to time, grant rights to indemnification and to the advancement of expenses to any employee or agent of the Corporation to the fullest extent of the provisions of this Article VI with respect
to the indemnification and advancement of expenses of directors and officers of the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.7.&#8195;<I>Nature of
Rights</I>. The rights conferred upon indemnitees in this Article VI shall be contract rights that shall vest at the time an individual becomes a director or officer of the Corporation and such rights shall continue as to an indemnitee who has
ceased to be a director, officer or trustee and shall inure to the benefit of the indemnitee&#8217;s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VI that adversely affects any right of an indemnitee or its
successors shall be prospective only and shall not limit or eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment, alteration
or repeal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.8.&#8195;<I>Settlement of Claims</I>. The Corporation shall not be liable to indemnify any indemnitee under
this Article VI for any amounts paid in settlement of any proceeding effected without the Corporation&#8217;s written consent, which consent shall not be unreasonably withheld, or for any judicial award if the Corporation was not given a reasonable
and timely opportunity, at its expense, to participate in the defense of such proceeding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.9.&#8195;<I>Subrogation</I>. In
the event of payment under this Article VI, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery of the indemnitee, who shall execute all papers required and shall do everything that may be necessary to
secure such rights, including the execution of such documents necessary to enable the Corporation effectively to bring suit to enforce such rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.10.&#8195;<I>Severability</I>. If any provision or provisions of this Article VI shall be held to be invalid, illegal or
unenforceable for any reason whatsoever, (a)&nbsp;the validity, legality and enforceability of the remaining provisions of this Article VI (including, without limitation, all portions of any paragraph of this Article VI containing any such provision
held to be invalid, illegal or unenforceable, that are not by themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (b)&nbsp;to the fullest extent possible, the provisions of this Article VI
(including, without limitation, all portions of any paragraph of this Article VI containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent of the parties that the Corporation provide protection to the indemnitee to the fullest enforceable extent. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE
VII </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C<SMALL>APITAL</SMALL> S<SMALL>TOCK</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.1.&#8195;<I>Uncertificated Shares</I>. The shares of the Corporation shall be uncertificated, provided that the Board of
Directors may provide by resolution or resolutions that some or all of any or all classes or series of its stock shall be represented by certificates or a combination of certificated and uncertificated shares. Except as otherwise required by law,
the rights and obligations of the holders of uncertificated shares and the rights and obligations of the holders of shares represented by certificates of the same class and series shall be identical. Every holder of stock represented by certificates
shall be entitled to have a certificate signed by or in the name of the Corporation by any two authorized officers </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-166 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of the Corporation certifying the number of shares owned by such holder in the Corporation. Any or all such signatures may be facsimiles. In case any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate has ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if such person were such
officer, transfer agent or registrar at the date of issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.2.&#8195;<I>Transfers of Stock</I>. Transfers of shares of
stock of the Corporation shall be made only on the books of the Corporation upon authorization by the registered holder thereof or by such holder&#8217;s attorney thereunto authorized by a power of attorney duly executed and filed with the Secretary
or a transfer agent for such stock, and if such shares are represented by a certificate, upon surrender of the certificate or certificates for such shares properly endorsed or accompanied by a duly executed stock transfer power and the payment of
any taxes thereon; <I>provided</I>, <I>however</I>, that the Corporation shall be entitled to recognize and enforce any lawful restriction on transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.3.&#8195;<I>Addresses of Stockholders</I>. Each stockholder shall designate to the Secretary an address at which notices of
meetings and all other corporate notices may be served or mailed to such stockholder and, if any stockholder shall fail to so designate such an address, corporate notices may be served upon such stockholder by mail directed to the mailing address,
if any, as the same appears in the stock ledger of the Corporation or at the last known mailing address of such stockholder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.4.&#8195;<I>Registered Stockholders</I>. The Corporation shall be entitled to recognize the exclusive right of a person
registered on its books as the owner of shares to receive dividends, and to vote as such owner, and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not
it shall have express or other notice thereof, except as otherwise provided by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.5.&#8195;<I>Record Date for
Determining Stockholders</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(a)&#8195;In order that the Corporation may determine the stockholders entitled to notice of any meeting of
stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall,
unless otherwise required by law, not be more than 60 nor less than 10 days before the date of such meeting. If the Board of Directors so fixes a date, such date shall also be the record date for determining the stockholders entitled to vote at such
meeting unless the Board of Directors determines, at the time it fixes such record date, that a later date on or before the date of the meeting shall be the date for making such determination. If no record date is fixed by the Board of Directors,
the record date for determining stockholders entitled to notice of and to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of
business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; <I>provided</I>,
<I>however</I>, that the Board of Directors may fix a new record date for determination of stockholders entitled to vote at the adjourned meeting, and in such case shall also fix as the record date for stockholders entitled to notice of such
adjourned meeting the same or an earlier date as that fixed for determination of stockholders entitled to vote in accordance herewith at the adjourned meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">(b)&#8195;In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or
allotment of any rights, or entitled to exercise any rights in respect </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-167 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix a record date, which shall not be more than 60 days prior to such
other action. If no such record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.6.&#8195;<I>Regulations</I>. The Board of Directors may make such additional rules and regulations as it may deem expedient
concerning the issue, transfer and registration of shares of stock of the Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE VIII </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">G<SMALL>ENERAL</SMALL> M<SMALL>ATTERS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.1.&#8195;<I>Fiscal Year</I>. The fiscal year of the Corporation shall begin on the first day of January of each year and end on
the last day of December of the same year, or such other 12 consecutive months as the Board of Directors may designate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.2.&#8195;<I>Corporate Seal</I>. The Board of Directors may provide a suitable seal, containing the name of the Corporation,
which seal shall be in the charge of the Secretary. If and when so directed by the Board of Directors or a committee thereof, duplicates of the seal may be kept and used by the Treasurer or by an Assistant Secretary or Assistant Treasurer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.3.&#8195;<I>Maintenance and Inspection of Records</I>. The Corporation shall, either at its principal executive office or at
such place or places as designated by the Board of Directors, keep a record of its stockholders listing their names and addresses and the number and class of shares held by each stockholder, a copy of these Bylaws as amended to date, accounting
books and other records. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.4.&#8195;<I>Reliance Upon Books, Reports and Records</I>. Each director and each member of any
committee designated by the Board of Directors shall, in the performance of his or her duties, be fully protected in relying in good faith upon the books of account or other records of the Corporation and upon such information, opinions, reports or
statements presented to the Corporation by any of its officers or employees, or committees of the Board of Directors so designated, or by any other person as to matters which such director or committee member reasonably believes are within such
other person&#8217;s professional or expert competence and who has been selected with reasonable care by or on behalf of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.5.&#8195;<I>Subject to Law and Certificate of Incorporation</I>. All powers, duties and responsibilities provided for in these
Bylaws, whether or not explicitly so qualified, are qualified by the Certificate of Incorporation and applicable law. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">ARTICLE IX </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A<SMALL>MENDMENTS</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">Section&nbsp;9.1.&#8195;<I>Amendments</I>. In furtherance and not in limitation of the powers conferred by the laws of the State of Delaware,
the Board of Directors is expressly authorized to adopt, amend or repeal these Bylaws. In addition to any requirements of law and any other provision of these Bylaws or the Certificate of Incorporation, and subject to the rights of the holders of
any series of Preferred Stock, the affirmative vote of the holders of a majority in voting power of the issued and outstanding stock </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-168 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
entitled to vote generally in the election of directors, voting together as a single class, shall be required for the stockholders to amend or repeal, or adopt any provision inconsistent with,
any provision of these Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The foregoing Bylaws were adopted by the Board of Directors on [&#8195;], and are effective [&#8195;]. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">*** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">A-169 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_86"></A>ANNEX&nbsp;B: VOTING AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>VOTING AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">This
Voting Agreement (this &#8220;<B>Agreement</B>&#8221;), dated as of September&nbsp;1, 2025, is entered into by and among each of the undersigned stockholders (collectively, the &#8220;<B>Stockholders</B>&#8221; and each, a
&#8220;<B>Stockholder</B>&#8221;) of Air Lease Corporation, a Delaware corporation (the &#8220;<B>Company</B>&#8221;), and Gladiatora Designated Activity Company, an Irish private limited company (&#8220;<B>Parent</B>&#8221;). Capitalized terms used
but not defined herein shall have the meanings given to them in the Merger Agreement (as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and delivery of this Agreement, the Company, Parent and Takeoff Merger Sub Inc., a Delaware
corporation and a wholly owned indirect Subsidiary of Parent (&#8220;<B>Merger Sub</B>&#8221;), are entering into an Agreement and Plan of Merger (as may be amended from time to time, the &#8220;<B>Merger Agreement</B>&#8221;), which provides for,
among other things, upon the terms and subject to the conditions set forth therein, the merger of Merger Sub with and into the Company (the &#8220;<B>Merger</B>&#8221;) with the Company surviving the Merger as a wholly owned indirect Subsidiary of
Parent; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, as of the date hereof, each Stockholder is the record and/or direct &#8220;beneficial owner&#8221; (within the meaning
of Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> under the Exchange Act) of the number of shares of issued and outstanding Common Stock set forth opposite the Stockholder&#8217;s name on <U>Exhibit A</U> hereto under the heading &#8220;Owned
Shares,&#8221; being all of the shares of issued and outstanding Common Stock owned of record or directly beneficially by the Stockholder as of the date hereof, but excluding the shares identified on <U>Exhibit A</U> hereto as &#8220;Excluded
Shares&#8221; or in the footnotes to <U>Exhibit A</U> hereto (the shares listed as &#8220;Owned Share&#8221; in <U>Exhibit A</U>, as may be adjusted pursuant to <U>Section</U><U></U><U>&nbsp;9</U>, collectively, the &#8220;<B>Owned Shares</B>&#8221;
and, together with any additional shares of Common Stock or other voting securities of the Company directly acquired by such Stockholder after the date hereof and prior to the Termination Date and not (x)&nbsp;held or acquired by a trust or other
person or entity holding Excluded Shares and identified on <U>Exhibit A</U> hereto or (y)&nbsp;Transferred pursuant to a Permitted Transfer (as defined below), as may be adjusted pursuant to <U>Section</U><U></U><U>&nbsp;9</U>, the &#8220;<B>Covered
Shares</B>&#8221;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">WHEREAS, as a condition to the willingness of Parent to enter into the Merger Agreement and as an inducement and
in consideration therefor, Parent has required that the Stockholders, and the Stockholders have agreed to, enter into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound
hereby, the Stockholders and Parent hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">1. <U>Agreemen</U><U>t to Vote the Covered Shares; Proxy.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.1 <U>Supported Matters</U>. Beginning on the date hereof until the Termination Date (as defined below), at every meeting of the
Company&#8217;s stockholders (including the Company Stockholder Meeting), including any postponement, recess or adjournment thereof, or in any other circumstance, however called, each Stockholder agrees to, and if applicable, to cause its controlled
Affiliates to, affirmatively vote (including via proxy) or execute consents, with respect to (or cause to be voted </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-1 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
(including via proxy) or consents to be executed with respect to) and not to withdraw or modify any such vote or consent with respect to, all of the Covered Shares as follows: (a)&nbsp;in favor
of (i)&nbsp;the adoption of the Merger Agreement and the approval of the Merger, including any amended and restated Merger Agreement or amendment to the Merger Agreement, (ii)&nbsp;the approval of any proposal to adjourn or postpone any Company
Stockholder Meeting to a later date if the Company or Parent proposes or requests such postponement or adjournment in accordance with Section&nbsp;6.01(e) of the Merger Agreement, and (iii)&nbsp;the approval of any other proposal considered and
voted upon by the Company&#8217;s stockholders at any meeting (including the Company Stockholder Meeting) necessary for consummation of the Merger and the other transactions contemplated by the Merger Agreement, and (b)&nbsp;against (i) any
proposal, action or agreement that would reasonably be expected to result in a breach of any covenant, representation or warranty or other obligation or agreement of the Company contained in the Merger Agreement or that would reasonably be expected
to result in any condition set forth in the Merger Agreement not being satisfied or not being fulfilled prior to the Termination Date, (ii)&nbsp;any Alternative Proposal or any other proposal made in opposition to or in competition with, or which by
its terms is inconsistent with, the Merger Agreement or the transactions contemplated thereby, (iii)&nbsp;any reorganization, dissolution, liquidation, winding up or similar extraordinary transaction involving the Company other than the Merger and
the other transactions contemplated by the Merger Agreement and (iv)&nbsp;any other action, agreement or proposal which to the knowledge of such Stockholder would reasonably be expected to prevent, materially impede or materially delay the
consummation of the Merger or any of the transactions contemplated by the Merger Agreement (clauses (a)&nbsp;and (b) collectively, the &#8220;<B>Supported Matters</B>&#8221;). Each Stockholder agrees to, and agrees to cause its applicable controlled
Affiliates to, be present, in person or by proxy, at every meeting of the Company&#8217;s stockholders (including the Company Stockholder Meeting), including any postponement, recess or adjournment thereof, or in any other circumstance, however
called, to vote on the Supported Matters (in the manner described in this <U>Section</U><U></U><U>&nbsp;1.1</U>), so that all of the Covered Shares will be counted for purposes of determining the presence of a quorum at each such meeting, or
otherwise cause the Covered Shares to be counted as present thereat for purposes of establishing a quorum at each such meeting. For the avoidance of doubt, except with respect to the Supported Matters, the Stockholders do not have any obligation to
vote the Covered Shares in any particular manner and, with respect to matters other than the Supported Matters, the Stockholders shall be entitled to vote the Covered Shares in its sole discretion. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.2 <U>Proxy</U>. In the event, but only in the event, that any Stockholder fails to comply with any of its obligations set forth in
<U>Section</U><U></U><U>&nbsp;1.1</U>, then in such event such Stockholder hereby irrevocably appoints, as its proxy and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact,</FONT></FONT> Ichiro Tatara, with full power
of substitution and resubstitution, to vote such Stockholder&#8217;s Covered Shares in accordance with <U>Section</U><U></U><U>&nbsp;1.1</U> at the Company Stockholder Meeting (including any postponement, recess or adjournment thereof) in respect of
such Stockholder&#8217;s Covered Shares (to the extent such Covered Shares are entitled to so vote) prior to the Termination Date at which any Supported Matters are to be considered; <U>provided</U>, <U>however</U>, for the avoidance of doubt, that
such Stockholder shall at all times retain the right to vote such Stockholder&#8217;s Covered Shares (or to direct how such Covered Shares shall be voted) in such Stockholder&#8217;s sole discretion on matters other than Supported Matters in
accordance with <U>Section</U><U></U><U>&nbsp;1.1</U>. This proxy is coupled with an interest, is (or will be, as applicable) given as an additional inducement of Parent to enter into this Agreement and shall be irrevocable prior to the Termination
Date, at which time any such proxy shall terminate. Parent may terminate or waive its rights to enforce this proxy with respect to any Stockholder at any time at its sole election by written notice provided to the applicable Stockholder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-2 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">1.3 <U>Limitations</U>. Notwithstanding anything to the contrary contained in this
Agreement, the obligations of the Stockholders under Section&nbsp;1.1 and Section&nbsp;1.2 shall be limited such that Parent shall not have a voting proxy, or otherwise have direct or indirect voting power, over Covered Shares that would result in
Parent being the beneficial owners of more than 4.99% of the Common Stock in the aggregate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">2. <U>Termination</U>. This Agreement shall
terminate automatically and without further action of the parties hereto upon the earliest to occur of: (a)&nbsp;the valid termination of the Merger Agreement in accordance with its terms, (b)&nbsp;the Effective Time, (c)&nbsp;an Adverse
Recommendation Change by the Company Board in accordance with Section&nbsp;5.04(d) of the Merger Agreement, and (d)&nbsp;with respect to each Stockholder, any modification, waiver or amendment to any provision of the Merger Agreement that is
effected without such Stockholder&#8217;s prior written consent and that reduces the Merger Consideration or changes the form of consideration being offered to the Company&#8217;s stockholders under the Merger Agreement, imposes any conditions,
requirements or restrictions on such Stockholder&#8217;s right to receive the Merger Consideration payable to such Stockholder with respect to shares of Common Stock owned by such Stockholder pursuant to the Merger Agreement, materially delays the
timing of any such payment after the Effective Time, or otherwise adversely affects such Stockholder (in its capacity as such) in any material respect (the earliest such date set forth in clauses (a)&nbsp;through (d), the &#8220;<B>Termination
Date</B>&#8221;); <U>provided</U> that the provisions set forth in <U>Sections 13</U> through <U>24</U> hereof shall survive the termination of this Agreement; <U>provided</U>, <U>further</U>, that the termination of this Agreement shall not prevent
any party hereto from seeking any remedies (at Law or in equity) against any other party hereto for that party&#8217;s willful and material breach of this Agreement that may have occurred on or before such termination. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">3. <U>Certain Covenants</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.1 <U>Merger Agreement Obligations</U>. From the date hereof until the Termination Date, each Stockholder hereby covenants and agrees that
such Stockholder shall not, directly or indirectly, (a)&nbsp;solicit, initiate, knowingly encourage or knowingly facilitate any Inquiry, (b)&nbsp;furnish <FONT STYLE="white-space:nowrap">non-public</FONT> information regarding the Company and the
Company Subsidiaries to any Person in connection with an Inquiry or Alternative Proposal, (c)&nbsp;enter into, continue or maintain discussions or negotiations with any Person with respect to an Inquiry or Alternative Proposal, (d)&nbsp;otherwise
cooperate with or assist or participate in or facilitate any discussions or negotiations (other than informing Persons of the provisions set forth in this <U>Section</U><U></U><U>&nbsp;3.1</U> or contacting any Person making an Alternative Proposal
to ascertain facts or clarify terms and conditions for the sole purpose of the Company Board reasonably informing itself about such Alternative Proposal) regarding, or furnish or cause to be furnished to any Person or &#8220;Group&#8221; (as such
term is defined in Section&nbsp;13(d) of the Exchange Act) any <FONT STYLE="white-space:nowrap">non-public</FONT> information with respect to, or take any other action to facilitate any Inquiries or the making of any proposal that constitutes, or
could be reasonably expected to result in, an Alternative Proposal, (e)&nbsp;approve, agree to, accept, endorse or recommend any Alternative Proposal, or (f)&nbsp;enter into any letter of intent or agreement in principle or any agreement relating to
any Alternative Proposal. Immediately upon the execution of this Agreement, each Stockholder will cease and shall cause each of its controlled Affiliates and each of its and its controlled Affiliates&#8217; directors, officers and employees to, and
shall instruct and use its reasonable best efforts to cause its and its controlled Affiliates&#8217; other Representatives to immediately cease any discussions, communications or negotiations with any Person relating to an Alternative Proposal and
not solicit, initiate, knowingly encourage or knowingly facilitate any Inquiry. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.2 <U>Transfers</U>. Beginning on the date hereof until
the earlier of (x)&nbsp;receipt of the Company Stockholder Approval and (y)&nbsp;the Termination Date, each Stockholder hereby covenants and agrees </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-3 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
that, except as expressly contemplated by this Agreement, such Stockholder shall not, directly or indirectly, (i)&nbsp;tender any Covered Shares into any tender or exchange offer,
(ii)&nbsp;create or permit to exist any Liens, other than as may be applicable under the Securities Act or other applicable securities Laws, on all or any portion of the Covered Shares, (iii)&nbsp;offer, sell, transfer, assign, exchange, pledge,
hypothecate, hedge, gift, loan, encumber or otherwise dispose of (collectively, &#8220;<B>Transfer</B>&#8221;) or enter into any Contract, option, agreement, understanding or other arrangement with respect to the Transfer of, any Covered Shares or
beneficial ownership, voting power or any other interest thereof or therein (including by operation of Law), (iv) grant any proxies or powers of attorney, deposit any Covered Shares into a voting trust or enter into a voting agreement with respect
to any Covered Shares that is inconsistent with this Agreement or (v)&nbsp;commit or agree to take any of the foregoing actions. Any Transfer in violation of this <U>Section</U><U></U><U>&nbsp;3.2</U> shall be void <I>ab initio</I>. Notwithstanding
anything to the contrary in this Agreement, any Stockholder may Transfer any or all of the Covered Shares, in accordance with applicable Law, (A)&nbsp;to such Stockholder&#8217;s controlled Affiliates, (B)&nbsp;to any Person by will or the Laws of
descent and distribution, (C)&nbsp;to any spouse, lineal descendants, siblings or parents of such Stockholder by gift which is made to achieve the estate planning objectives of such Stockholder, (D)&nbsp;to any trust or similar entity or any
corporation, limited liability company or partnership (1)&nbsp;substantially all of the economic interests of which are held by or for the benefit of such Stockholder or its spouse, lineal descendants, siblings or parents and (2)&nbsp;which is
organized to achieve the estate planning objectives of such Stockholder, (E)&nbsp;under any existing stock sale plan adopted in accordance with Rule <FONT STYLE="white-space:nowrap">10b5-1(c)</FONT> (Rule
<FONT STYLE="white-space:nowrap">10b5-1)</FONT> under the Exchange Act for the sale of shares of Common Stock (a &#8220;<B><FONT STYLE="white-space:nowrap">10b5-1</FONT> Plan</B>&#8221;), (F) to any charitable organization that is tax exempt under
Section&nbsp;501(c)(3) of the Code and (G)&nbsp;to satisfy any Tax liability incurred by such Stockholder in respect of vesting, exercise or settlement of Company RSUs and Company PSUs held by Stockholder, or (y)&nbsp;any Stockholder may Transfer in
open market transactions up to 15% of such Stockholder&#8217;s respective Covered Shares in the aggregate (any Transfer pursuant to any of clauses (x)(A) through (G)&nbsp;or (y) in accordance with this paragraph, a &#8220;<B>Permitted
Transfer</B>&#8221;); <U>provided</U>, that, prior to and as a condition to the effectiveness of any such Transfer pursuant to the foregoing clause (x)(A) through (D)&nbsp;or (F), each Person to whom any of such Covered Shares or any interest in any
of such Covered Shares is or may be transferred shall have executed and delivered to Parent a counterpart of this Agreement in a form reasonably acceptable to Parent pursuant to which such transferee shall be bound by all of the terms and provisions
hereof in which case such transferee shall be deemed a Stockholder hereunder. If any involuntary Transfer of any of the Covered Shares shall occur (including, but not limited to, a sale in any bankruptcy, a sale to a purchaser at any
creditor&#8217;s or court sale or upon the death of such Stockholder pursuant to the terms of any trust or will of such Stockholder or by the applicable Laws of intestate succession), the transferee (which term, as used herein, shall include any and
all transferees and subsequent transferees of the initial transferee) shall take and hold such Covered Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until valid
termination of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">3.3 <U>Disclosure</U>. Except as required by applicable Law (including, subject to the last sentence of
this <U>Section</U><U></U><U>&nbsp;3.3</U>, in a Form 4, Schedule 13D or 13G Filing which may include this Agreement as an exhibit thereto), the Stockholders (each in its capacity as a stockholder of the Company) shall not, and shall direct their
respective Representatives not to, make any public announcement regarding this Agreement, the Merger Agreement or the transactions contemplated hereby or thereby without the prior written consent of Parent (such consent not to be unreasonably
withheld, conditioned or delayed). Each Stockholder consents to and hereby authorizes Parent and the Company to publish and disclose in all documents and schedules filed with the SEC, and any press release or other disclosure document that Parent or
the Company reasonably determines to be necessary in connection with the Merger and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-4 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
any transactions contemplated by the Merger Agreement, the Stockholder&#8217;s identity and ownership of the Covered Shares, the existence of this Agreement and the nature of the
Stockholder&#8217;s commitments and obligations under this Agreement, and the Stockholder acknowledges that Parent and the Company may, in their sole discretion, file this Agreement or a form hereof with the SEC or any other Governmental Entity.
Each Stockholder agrees to promptly give Parent or the Company, as applicable, any information it may reasonably require for the preparation of any such disclosure documents, and the Stockholder agrees to promptly notify Parent or the Company, as
applicable, of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure document, if and to the extent that the Stockholder shall become aware that any such information shall have
become false or misleading in any material respect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">4. <U>Representations and Warranties of the Stockholders</U>. Each Stockholder hereby
represents and warrants to Parent, severally with respect to such Stockholder only, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.1 <U>Due Authority</U>. Such
Stockholder, if not a natural Person, is a legal entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation. Such Stockholder (x)&nbsp;if a natural Person, as the legal capacity to, and (y)&nbsp;if
not a natural Person, has all requisite corporate or other similar power and authority and has taken all corporate or other similar action necessary (including approval by the board of directors or applicable corporate bodies) to, execute, deliver,
comply with and perform its obligations under this Agreement in accordance with the terms hereof and to consummate the transactions contemplated hereby, and no other action on the part of, or, if such Stockholder is not a natural Person, vote of
holders of any equity securities of, such Stockholder is necessary to authorize the execution and delivery of, compliance with and performance by such Stockholder of this Agreement. This Agreement has been duly executed and delivered by such
Stockholder and, assuming the due execution and delivery of this Agreement by all of the other parties hereto, constitutes a legal, valid and binding agreement of such Stockholder enforceable against such Stockholder in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar Laws affecting creditors&#8217; rights generally and by general principles of equity. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.2 <U>No Conflict</U>. The execution and delivery of, compliance with and performance of this Agreement by such Stockholder do not and will
not (i)&nbsp;if such Stockholder is not a natural Person, conflict with or result in any violation or breach of any provision of the Organizational Documents of such Stockholder, (ii)&nbsp;conflict with or result in a violation or breach of any
applicable Law or order, (iii)&nbsp;require any consent by any Person under, constitute a default, or an event that, with or without notice or lapse of time or both, would constitute a default under, or cause or permit the termination, cancellation
or acceleration of any right or obligation or the loss of any benefit to which such Stockholder is entitled, under any Contract binding upon such Stockholder, or to which any of its properties, rights or other assets are subject or (iv)&nbsp;result
in the creation of a Lien (other than Permitted Liens) on any of the properties or assets (including intangible assets) of such Stockholder, except in the case of clauses (i)&nbsp;through (iv) above, any such violation, breach, conflict, default,
termination, acceleration, cancellation or loss that would not, individually or in the aggregate, reasonably be expected to restrict in any material respect, prohibit or impair the consummation of the Merger or the performance by such Stockholder of
its obligations under this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.3 <U>Consents</U>. No consent, approval, order or authorization of, or registration, declaration
or filing with, any Governmental Entity or any other Person, is required by or with respect to such Stockholder in connection with the execution and delivery of this Agreement or the consummation by such Stockholder of the transactions contemplated
hereby. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-5 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.4 <U>Ownership of the Owned Shares; Voting Power</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;(i) such Stockholder is, as of the date of this Agreement, the record and beneficial owner of the Owned Shares, all of which are free
and clear of any Liens, other than those created by this Agreement or arising under applicable securities Laws, (ii)&nbsp;except for Company RSUs and Company PSUs, such Stockholder does not own, of record, beneficially, synthetically or
constructively, any shares of capital stock of the Company, or other rights to acquire shares of capital stock of the Company, in each case other than the Owned Shares and the Excluded Shares, and (iii)&nbsp;such Stockholder has the sole right to
dispose of the Owned Shares, and none of the Owned Shares is subject to any pledge, disposition, transfer or other agreement, arrangement or restriction, except as contemplated by this Agreement. As of the date hereof, other than any <FONT
STYLE="white-space:nowrap">10b5-1</FONT> Plan, such Stockholder has not entered into any agreement to Transfer any Owned Shares and no Person has a right to acquire, directly or indirectly, any of the Owned Shares held by such Stockholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman">(b) Other than as provided in this Agreement, such Stockholder has full voting power with respect to all of the Owned Shares, and full power
of disposition, full power to issue instructions with respect to the matters set forth herein and full power to agree to all of the matters set forth in this Agreement, in each case with respect to all of the Owned Shares. None of the Owned Shares
are subject to any stockholders&#8217; agreement, proxy, voting trust or other agreement or arrangement with respect to the voting of the Owned Shares, except as provided hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.5 <U>Absence of Litigation</U>. With respect to the Stockholder, as of the date hereof, there is no action, suit, claim, proceeding,
investigation, arbitration or inquiry pending against, or, to the knowledge of the Stockholder, threatened in writing against, and there is no order imposed upon, the Stockholder or any of the Stockholder&#8217;s Owned Shares except as would not,
individually or in the aggregate, reasonably be expected to adversely affect the ability of the Stockholder to perform its obligations under this Agreement in any material respect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">4.6 <U>Finders Fees</U>. No broker, investment bank, financial advisor or other person is entitled to any broker&#8217;s, finder&#8217;s,
financial adviser&#8217;s or similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of such Stockholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">5. <U>Representations and Warranties of Parent</U>. Parent hereby represents and warrants to the Stockholders as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:10%; font-size:11pt; font-family:Times New Roman">5.1 <U>Due Authority</U>. Parent is a legal entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of
formation. Parent has all requisite corporate or other equivalent power and authority and has taken all corporate or other applicable action necessary (including approval by the board of directors or applicable corporate bodies) to execute, deliver,
comply with and perform its obligations under this Agreement in accordance with the terms hereof and to consummate the transactions contemplated hereby, and no other corporate or other applicable action by Parent or vote of holders of any class of
the capital stock of Parent is necessary to approve and adopt this Agreement. This Agreement has been duly executed and delivered by Parent and, assuming the due execution and delivery of this Agreement by all of the other parties hereto,
constitutes a legal, valid and binding agreement of Parent enforceable against Parent in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or similar
Laws affecting creditors&#8217; rights generally and by general principles of equity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">6. <U>Stockholder Capacity</U>. This Agreement is
being entered into by each Stockholder solely in its capacity as a record and/or beneficial owner of the Owned Shares, and nothing in this Agreement shall restrict or limit the ability of any Stockholder or any of its Affiliates or Representatives
who is a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-6 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
director or officer of the Company or any of its Subsidiaries to take, or refrain from taking, any action in his or her capacity as a director or officer of the Company or any of its
Subsidiaries, including the exercise of fiduciary duties to the Company or the Company Stockholders, and any such action taken in such capacity or any such inaction shall not constitute a breach of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">7. <U><FONT STYLE="white-space:nowrap">Non-Survival</FONT> of Representations, Warranties and Covenants</U>. Other than the covenants and
agreements in <U>Section</U><U></U><U>&nbsp;8</U> and <U>Section</U><U></U><U>&nbsp;23</U>, which shall survive the Effective Time in accordance with their terms, the representations, warranties and covenants contained herein shall not survive the
Effective Time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">8. <U>Waiver of Appraisal and Dissenters&#8217; Rights and Certain Other Actions</U>. Each Stockholder hereby irrevocably
and unconditionally waives, to the fullest extent of applicable Law, and agrees to cause to be waived and not to assert any appraisal rights, any dissenter&#8217;s rights and any similar rights under Section&nbsp;262 of the DGCL or otherwise with
respect to the Covered Shares with respect to the Merger and the transactions contemplated by the Merger Agreement. Each Stockholder agrees not to (and shall cause its Affiliates and its and their Representatives not to), directly or indirectly,
commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or other proceeding, against Parent, Merger Sub, the Company or any of their respective successors
relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Merger, including any proceeding (x)&nbsp;challenging the validity of, or seeking to enjoin the operation of, any provision of
this Agreement or (y)&nbsp;alleging a breach of any fiduciary duty of the Company Board in connection with the Merger Agreement, the Merger or the other transactions contemplated thereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">9. <U>Certain Adjustments</U>. In the event of a stock split, stock dividend or distribution, or any change prior to the Effective Time in the
Common Stock by reason of any <FONT STYLE="white-space:nowrap">split-up,</FONT> reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, the terms &#8220;Common Stock,&#8221; &#8220;Covered Shares,&#8221;
&#8220;Excluded Shares&#8221; and &#8220;Owned Shares&#8221; shall be deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be
changed or exchanged or which are received in such transaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">10. <U>Further Assurances</U>. Each Stockholder shall, from time to time,
execute and deliver, or cause to be executed and delivered, such additional or further consents, documents and other instruments as Parent may reasonably request to the extent necessary to effect the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">11. <U>Notices</U>. All notices, requests and other communications required or permitted to any Party hereunder will be effective only if in
writing and shall be deemed duly given (a)&nbsp;on the date of delivery if delivered personally, (b)&nbsp;on the date sent if sent by facsimile or electronic mail (provided that notice given by facsimile or electronic mail shall be deemed effective
unless the sender receives a bounce-back or error message); (c) on the first Business Day following the date of dispatch if delivered utilizing a <FONT STYLE="white-space:nowrap">next-day</FONT> service by a recognized
<FONT STYLE="white-space:nowrap">next-day</FONT> courier; or (d)&nbsp;on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage
prepaid. All notices hereunder shall be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; font-size:11pt; font-family:Times New Roman">if to a Stockholder, to the address set forth on such Stockholder&#8217;s signature page hereto; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-7 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">if to Parent or Merger Sub, to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Gladiatora Designated Activity Company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">277 Park Avenue, 15th Floor</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">New York, New York 10172</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Ichiro Tatara</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Email:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">***</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">with a copy (which will not constitute notice) to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Davis Polk&nbsp;&amp; Wardwell LLP</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">450 Lexington Avenue</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">New York, New York 10017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Email:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">***</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">***</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">William Aaronson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Lee Hochbaum</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">12. <U>Interpretation</U>. When a reference is made in this Agreement to a Section or an Exhibit, such
reference shall be to a Section or an Exhibit of or to this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. Any capitalized term used in any Exhibit but not otherwise defined therein shall have the meaning assigned to such term in this Agreement. Whenever the words &#8220;include,&#8221; &#8220;includes&#8221; or &#8220;including&#8221; are
used in this Agreement, they shall be deemed to be followed by the words &#8220;without limitation.&#8221; The words &#8220;hereof,&#8221; &#8220;hereto,&#8221; &#8220;hereby,&#8221; &#8220;herein&#8221; and &#8220;hereunder&#8221; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The term &#8220;or&#8221; is not exclusive. The word &#8220;extent&#8221; in the phrase &#8220;to the
extent&#8221; shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply &#8220;if.&#8221; The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such
terms. All pronouns and any variations thereof refer to the masculine, feminine or neuter as the context may require. Any agreement, instrument or Law defined or referred to herein means such agreement, instrument or Law as from time to time
amended, modified or supplemented, unless otherwise specifically indicated. References to a Person are also to its permitted successors and assigns. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring by virtue of the
authorship of any provisions of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">13. <U>Entire Agreement</U>. This Agreement (along with the documents referenced herein)
and the Merger Agreement collectively constitute the entire agreement, and supersede all other prior agreements, understandings, representations and warranties both written and oral, among the parties hereto, with respect to the subject matter
hereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">14. <U>No Third-Party Beneficiaries</U>. This Agreement shall be binding upon and inure solely to the benefit of the parties
hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement; <U>provided</U>, that the parties hereto acknowledge and agree that the Company is an express third party beneficiary of this Agreement solely for the purposes set forth in <U>Section</U><U></U><U>&nbsp;3.3</U> and
<U>Section</U><U></U><U>&nbsp;20</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-8 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15. <U>Governing Law; Jurisdiction; Venue; Waiver of Jury Trial</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.1 <U>Governing Law</U>. This Agreement and all suits, actions or proceedings (whether based on contract, tort, equity or otherwise) directly
or indirectly arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement or any of the acts or omissions of any party in the negotiation, administration, performance or enforcement hereof or thereof shall
be governed by, and construed in accordance with, the laws of the State of Delaware without giving effect to the principles of conflicts of law thereof or of any other jurisdiction which would require the application of the laws of any other
jurisdiction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.2 <U>Jurisdiction; Venue</U>. Each of the parties hereto irrevocably agrees that any legal action or proceeding arising
out of or relating to this Agreement brought by any party or its Affiliates against any other party or its Affiliates shall be brought and determined in the state or federal courts located in the State of Delaware. Each of the parties hereby
irrevocably submits to the jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement and the
transactions contemplated hereby. Each of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in Delaware, other than actions in any court of competent jurisdiction to enforce any
judgment, decree or award rendered by any such court in Delaware as described herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that
such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby, (a)&nbsp;any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (b)&nbsp;that it or its property is exempt or immune from
jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c)&nbsp;that (i)
the suit, action or proceeding in any such court is brought in an inconvenient forum, (ii)&nbsp;the venue of such suit, action or proceeding is improper or (iii)&nbsp;this Agreement, or the subject matter hereof, may not be enforced in or by such
courts. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">15.3 <U>Waiver of Jury Trial</U>. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law,
any right it may have to a trial by jury with respect to this Agreement and all suits, actions or proceedings (whether based on contract, tort, equity or otherwise) arising out of or relating to this Agreement, any of the transactions contemplated
by this Agreement or any of the acts or omissions of any party in the negotiation, administration, performance or enforcement hereof or thereof, as the case may be. Each party hereto (i)&nbsp;certifies that no representative, agent or attorney of
any other party hereto has represented, expressly or otherwise, that such other party hereto would not, in the event of litigation, seek to enforce the foregoing waiver and (ii)&nbsp;acknowledges that it and the other parties hereto have been
induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this <U>Section</U><U></U><U>&nbsp;15.3</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">16. <U>Assignment; Successors</U>. Other than as provided herein, neither this Agreement nor any of the rights, interests or obligations under
this Agreement may be assigned or delegated, in whole or in part, by operation of Law or otherwise, by any party hereto without the prior written consent of the other parties hereto, and any such assignment without such prior written consent shall
be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and assigns. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-9 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">17. <U>Enforcement</U>. The parties acknowledge and agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, and that monetary damages, even if available, would not be an adequate remedy therefor. It is
accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the performance of the terms and provisions of this Agreement. It is
agreed that the parties are entitled to enforce specifically the performance of terms and provisions of this Agreement in any court referred to in <U>Section</U><U></U><U>&nbsp;15.1</U> above, without proof of actual damages (and each party hereby
waives any requirement for the securing or posting of any bond in connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in equity. The parties further agree not to assert that a remedy of
specific enforcement is unenforceable, invalid, contrary to Law or inequitable for any reason, nor to assert that a remedy of monetary damages would provide an adequate remedy for any such breach. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">18. <U>Severability</U>. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or
Law, or public policy, (a)&nbsp;such term or other provision shall be fully separable, (b)&nbsp;this Agreement shall be construed and enforced as if such invalid, illegal or unenforceable provision had never comprised a part hereof, and (c)&nbsp;all
other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as either the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any
party or such party waives its rights under this <U>Section</U><U></U><U>&nbsp;18</U> with respect thereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the purposes of this Agreement are fulfilled to the extent possible. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">19. <U>Counterparts</U>. This Agreement may be executed in one or more counterparts, including by facsimile or by email with .pdf attachments,
all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. No party hereto may raise the use of an electronic
delivery to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or communicated through the use of an electronic delivery, as a defense to the formation of a contract, and each party hereto forever waives
any such defense, except to the extent such defense relates to lack of authenticity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">20. <U>Amendment; Waiver</U>. This Agreement may be
amended by the parties hereto, and the terms and conditions hereof may be waived, only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving
compliance; <U>provided</U> that any amendment to <U>Section</U><U></U><U>&nbsp;3.3</U> or this proviso shall require the prior written consent of the Company. No failure or delay on the part of a party in the exercise of any right or remedy
hereunder shall impair such right or power or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude any other or
further exercise thereof or of any other right or power. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">21. <U>Reliance</U>. Each Stockholder understands and acknowledges that Parent
and Merger Sub are entering into the Merger Agreement in reliance upon the Stockholders&#8217; execution, delivery and performance of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">22. <U>No Agreement until Executed</U>. This Agreement shall not be effective unless and until (i)&nbsp;the Merger Agreement is executed by all
parties thereto and (ii)&nbsp;this Agreement is executed and delivered by all parties hereto. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-10 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">23. <U>Expenses</U>. All fees and expenses incurred in connection herewith and the
transactions contemplated hereby shall be paid by the party hereto incurring such expenses, whether or not the Merger is consummated. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">24.
<U>No Ownership Interest</U>. Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All ownership and economic benefits of and
relating to the Covered Shares shall remain vested in and belong to the applicable Stockholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature pages follow</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-11 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
on the date and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>YVETTE HOLLINGSWORTH CLARK</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Yvette Hollingsworth Clark</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Yvette Hollingsworth Clark</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CHERYL KRONGARD</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Cheryl Krongard</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Cheryl Krongard</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>MARSHALL LARSEN</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Marshall Larsen</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Marshall Larsen</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>SUSAN MCCAW</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Susan Mccaw</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Susan Mccaw</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>IAN SAINES</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Ian Saines</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Ian Saines</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>MATTHEW HART</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Matthew Hart</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Matthew Hart</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>ROBERT MILTON</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ Robert Milton</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Robert Milton</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>JOHN PLUEGER</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman"><I>/s/ John Plueger</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>John Plueger</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Stockholder</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Voting Agreement</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-12 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>STEVEN UDVAR-HAZY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>/s/ Steven Udvar-Hazy</I></P> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Steven Udvar-Hazy</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CAROL FORSYTE</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>/s/ Carol Forsyte</I></P> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Carol Forsyte</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>GREGORY WILLIS</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>/s/ Gregory Willis</I></P> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Gregory Willis</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Stockholder</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">Address for Notices:</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">c/o Air Lease Corporation</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">2000 Avenue of the Stars, Ste 1000N</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">Los Angeles, CA 90067</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">Email: ***</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:Times New Roman">Attention: Carol Forsyte</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Voting Agreement</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-13 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
on the date and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">

<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>GLADIATORA DESIGNATED ACTIVITY COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I>/s/ Ichiro Tatara</I></P> <P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ichiro Tatara</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">General Manager</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Voting Agreement</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-14 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A to Voting Agreement </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>STOCKHOLDER</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="border-bottom:1.00pt solid #000000"><B>OWNED&nbsp;SHARES</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="border-bottom:1.00pt solid #000000"><B>EXCLUDED&nbsp;SHARES</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>

<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Yvette Hollingsworth Clark</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">16,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Cheryl Krongard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">27,647</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Marshall Larsen</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12,937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Susan McCaw</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Ian Saines</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15,199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Matthew Hart</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">57,516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Robert Milton</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">47,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">John Plueger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">825,764</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">157,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Steven Udvar-Hazy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5,737,299</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,097,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Carol Forsyte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">76,740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Gregory Willis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">68,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Excludes 1,000 shares of Common Stock held directly by Mr.&nbsp;Plueger&#8217;s sons, which shall be considered
Excluded Shares for purposes of this Agreement. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Excludes 36,000 shares of Common Stock held by Emerald Financial (a separate trust for each of <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT> four children owns 25% of the membership interests of Emerald LLC), 36,745 shares of Common Stock held directly by <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT>
wife, and 77,550 shares of Common Stock held directly by <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#8217;s</FONT> four children, all of which shall be considered Excluded Shares for purposes of this Agreement. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">B-15 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_87"></A>ANNEX&nbsp;C: OPINION OF THE COMPANY&#8217;S FINANCIAL ADVISOR
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">

<IMG SRC="g28474g38x50.jpg" ALT="LOGO" STYLE="width:1.31177in;height:0.270589in;">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">September&nbsp;1, 2025 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The
Board of Directors </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Air Lease Corporation 2000 Avenue of the Stars, Ste 1000N </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Los Angeles, CA 90067 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Members of the Board of Directors: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">You have requested our opinion as to the fairness, from a financial point of view, to the holders of Class&nbsp;A common stock, par value $0.01 per share (the
&#8220;Company Common Stock&#8221;), of Air Lease Corporation (the &#8220;Company&#8221;) of the consideration to be paid to such holders in the proposed merger (the &#8220;Transaction&#8221;) of the Company with a wholly-owned subsidiary of
Gladiatora Designated Activity Company (the &#8220;Parent&#8221;). Pursuant to the Agreement and Plan of Merger, dated as of September&nbsp;1,&nbsp;2025 (the &#8220;Agreement&#8221;), among the Company, the Parent and its subsidiary, Takeoff Merger
Sub Inc. (&#8220;Merger Sub&#8221;), the Company will become a wholly-owned subsidiary of the Parent, and each outstanding share of Company Common Stock, other than (a)&nbsp;shares of Company Common Stock that are owned by the Company as treasury
shares; (b)&nbsp;shares of Company Common Stock that are owned directly by the Parent (or if the direct owner of Merger Sub is a subsidiary of the Parent, such subsidiary) or Merger Sub; (c)&nbsp;shares of the Company Common Stock that are owned by
any direct or indirect wholly owned subsidiary of the Company or any direct or indirect wholly owned subsidiary of the Parent (other than Merger Sub or any Subsidiary of the Parent that directly owns Merger Sub) or of Merger Sub and
(d)&nbsp;Dissenting Shares (as defined in the Agreement), and together with the shares referred to in the clauses (a) &#8211; (c) the &#8220;Excluded Shares&#8221; will be converted into the right to receive $65.00 per share in cash (the
&#8220;Consideration&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In connection with preparing our opinion, we have (i)&nbsp;reviewed the Agreement; (ii)&nbsp;reviewed certain publicly
available business and financial information concerning the Company and the industries in which it operates; (iii)&nbsp;compared the proposed financial terms of the Transaction with the publicly available financial terms of certain transactions
involving companies we deemed relevant and the consideration paid for such companies; (iv)&nbsp;compared the financial and operating performance of the Company with publicly available information concerning certain other companies we deemed relevant
and reviewed the current and historical market prices of the Company Common Stock and certain publicly traded securities of such other companies; (v)&nbsp;reviewed certain internal financial analyses and forecasts prepared by the management of the
Company relating to its business; and (vi)&nbsp;performed such other financial studies and analyses and considered such other information as we deemed appropriate for the purposes of this opinion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In addition, we have held discussions with certain members of the management of the Company with respect to certain aspects of the Transaction, and the past
and current business operations of the Company, the financial condition and future prospects and operations of the Company, and certain other matters we believed necessary or appropriate to our inquiry. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C-1 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">In giving our opinion, we have relied upon and assumed the accuracy and completeness of all information that
was publicly available or was furnished to or discussed with us by the Company or otherwise reviewed by or for us. We have not independently verified any such information or its accuracy or completeness and, pursuant to our engagement letter with
the Company, we did not assume any obligation to undertake any such independent verification. We have not conducted or been provided with any valuation or appraisal of any assets or liabilities, nor have we evaluated the solvency of the Company or
the Parent under any state or federal laws relating to bankruptcy, insolvency or similar matters. In relying on financial analyses and forecasts provided to us or derived therefrom, we have assumed that they have been reasonably prepared based on
assumptions reflecting the best currently available estimates and judgments by management as to the expected future results of operations and financial condition of the Company to which such analyses or forecasts relate. We express no view as to
such analyses or forecasts or the assumptions on which they were based. We have also assumed that the Transaction and the other transactions contemplated by the Agreement will be consummated as described in the Agreement. We have also assumed that
the representations and warranties made by the Company, the Parent and Merger Sub in the Agreement will be true and correct in all respects material to our analysis. We are not legal, regulatory or tax experts and have relied on the assessments made
by advisors to the Company with respect to such issues. We have further assumed that all material governmental, regulatory or other consents and approvals necessary for the consummation of the Transaction will be obtained without any adverse effect
on the Company or on the contemplated benefits of the Transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Our opinion is necessarily based on economic, market and other conditions as in effect
on, and the information made available to us as of, the date hereof. It should be understood that subsequent developments may affect this opinion and that we do not have any obligation to update, revise, or reaffirm this opinion. Our opinion is
limited to the fairness, from a financial point of view, of the Consideration to be paid to the holders of the Company Common Stock in the proposed Transaction and we express no opinion as to the fairness of any consideration paid in connection with
the Transaction to the holders of any other class of securities, creditors or other constituencies of the Company or as to the underlying decision by the Company to engage in the Transaction. Furthermore, we express no opinion with respect to the
amount or nature of any compensation to any officers, directors, or employees of any party to the Transaction, or any class of such persons relative to the Consideration to be paid to the holders of the Company Common Stock in the Transaction or
with respect to the fairness of any such compensation<B>.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We have acted as financial advisor to the Company with respect to the proposed Transaction
and will receive a fee from the Company for our services, a substantial portion of which will become payable only if the proposed Transaction is consummated. In addition, the Company has agreed to indemnify us for certain liabilities arising out of
our engagement. Please be advised that during the two years preceding the date of this letter, neither we nor our affiliates have had any material financial advisory or other material commercial or investment banking relationships with Sumitomo
Corporation, a significant shareholder of SMFL (&#8220;SC&#8221;), Sumitomo Mitsui Finance and Leasing Company, Limited, a significant shareholder of the Parent (&#8220;SMFL&#8221;), Apollo Capital Management, L.P., an Investor (as defined in the
Agreement) (&#8220;Apollo Capital&#8221;), and Brookfield Asset Management Ltd., an Investor (as defined in the Agreement) (&#8220;Brookfield&#8221;). During the two years preceding the date of this letter, we and our affiliates have had commercial
or investment banking relationships with the Company, for which we and such affiliates have received customary compensation. Such services during such period have included acting as joint lead arranger and joint bookrunner on a credit facility in
April 2025, as bookrunner on a bond offering in September 2024, as joint bookrunner on a bond offering in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C-2 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
April&nbsp;2024, as bookrunner on a bond offering in June 2024 and as bookrunner on a bond offering in January 2024. During the two years preceding the date of this letter, we and our affiliates
have had commercial or investment banking relationships with the Parent, for which we and such affiliates have received customary compensation. Such services during such period have included acting as joint lead arranger on a credit facility in
November 2024, as bookrunner on a bond offering in April 2025 and as joint bookrunner on a bond offering in March 2024. During the two years preceding the date of this letter, we and our affiliates have had commercial or investment banking
relationships with Sumitomo Mitsui Banking Corporation, a significant shareholder of the Parent (&#8220;SMBC&#8221;). Such services during such period have included providing investment banking services in connection with global securitized
products. During the two years preceding the date of this letter, we and our affiliates have had commercial or investment banking relationships with Sumitomo Mitsui Financial Group, Inc., the parent of SMBC and a significant shareholder of SMFL
(&#8220;SMFG&#8221;), for which we and such affiliates have received customary compensation. Such services during such period have included acting as joint bookrunner on notes issuances in February and July 2024 and as joint book runner on a bond
offering in September 2023. During the two years preceding the date of this letter, we and our affiliates have had commercial or investment banking relationships with Apollo Global Management, Inc., the ultimate parent entity of Apollo Capital
(&#8220;Apollo&#8221;), for which we and such affiliates have received customary compensation. Such services during such period have included acting as lead arranger and lead left bookrunner on a credit facility in October 2023, as lead left
bookrunner on a syndicated loan in August 2023, as lead left bookrunner on a syndicated loan in January 2025, as lead left bookrunner on a syndicated loan in July 2025, as joint lead bookrunner on a bond offering in August 2023, as joint bookrunner
on a bond offering in October 2024, as joint lead bookrunner on a bond offering in January 2024 and as financial advisor to Apollo on its acquisition of Arconic in August 2023. During the two years preceding the date of this letter, we and our
affiliates have had commercial or investment banking relationships with portfolio companies of Apollo, for which we and such affiliates have received customary compensation. Such services during such period have included providing debt syndication,
debt underwriting and financial advisory services to Apollo portfolio companies. During the two years preceding the date of this letter, we and our affiliates have had commercial or investment banking relationships with portfolio companies of
Brookfield, for which we and such affiliates have received customary compensation. Such services during such period have included providing debt syndication and debt underwriting services to Brookfield portfolio companies. In addition, our
commercial banking affiliate is an agent bank and a lender under outstanding credit facilities of the Company, the Parent, Apollo, portfolio companies of Apollo and portfolio companies of Brookfield, for which it receives customary compensation or
other financial benefits. In addition, we and our affiliates hold, on a proprietary basis, less than 1% of the outstanding common stock of each of the Company, SMFG, SC, and Brookfield and approximately 4.02% of Apollo. In the ordinary course of our
businesses, we and our affiliates actively trade the debt and equity securities or financial instruments (including derivatives, bank loans or other obligations) of the Company, SMFG, SC, SMBC, SMFL, Apollo and Brookfield for our own account or for
the accounts of customers and, accordingly, we likely hold long or short positions in such securities or other financial instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">On the basis of and
subject to the foregoing, it is our opinion as of the date hereof that the Consideration to be paid to the holders of the Company Common Stock (other than the Excluded Shares) in the proposed Transaction is fair, from a financial point of view, to
such holders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The issuance of this opinion has been approved by a fairness opinion committee of J.P. Morgan Securities LLC. This letter is provided to
the Board of Directors of the Company (in its capacity as such) in connection with and for the purposes of its evaluation of the Transaction. This opinion does </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C-3 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
not constitute a recommendation to any stockholder of the Company as to how such stockholder should vote with respect to the Transaction or any other matter. This opinion may not be disclosed,
referred to, or communicated (in whole or in part) to any third party for any purpose whatsoever except with our prior written approval. This opinion may be reproduced in full in any proxy or information statement mailed to stockholders of the
Company but may not otherwise be disclosed publicly in any manner without our prior written approval. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">

<TR>

<TD WIDTH="100%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Very truly yours,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">J.P. MORGAN SECURITIES LLC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><U>/s/ J.P. Morgan Securities LLC&#8195;&#8195;</U></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">C-4 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom28474_88"></A>ANNEX&nbsp;D: COPY OF SECTION&nbsp;262 OF THE DELAWARE GENERAL
CORPORATION LAW </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>&#167; 262. Appraisal rights </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Any stockholder of a corporation of this State who holds shares of stock on the date of the making of a demand
pursuant to subsection (d)&nbsp;of this section with respect to such shares, who continuously holds such shares through the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, who has otherwise complied
with subsection (d)&nbsp;of this section and who has neither voted in favor of the merger, consolidation, conversion, transfer, domestication or continuance nor consented thereto in writing pursuant to &#167; 228 of this title shall be entitled to
an appraisal by the Court of Chancery of the fair value of the stockholder&#8217;s shares of stock under the circumstances described in subsections (b)&nbsp;and (c) of this section. As used in this section, the word &#8220;stockholder&#8221; means a
holder of record of stock in a corporation; the words &#8220;stock&#8221; and &#8220;share&#8221; mean and include what is ordinarily meant by those words; the words &#8220;depository receipt&#8221; mean a receipt or other instrument issued by a
depository representing an interest in 1 or more shares, or fractions thereof, solely of stock of a corporation, which stock is deposited with the depository; the words &#8220;beneficial owner&#8221; mean a person who is the beneficial owner of
shares of stock held either in voting trust or by a nominee on behalf of such person; and the word &#8220;person&#8221; means any individual, corporation, partnership, unincorporated association or other entity. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Appraisal rights shall be available for the shares of any class or series of stock of a constituent,
converting, transferring, domesticating or continuing corporation in a merger, consolidation, conversion, transfer, domestication or continuance to be effected pursuant to &#167; 251 (other than a merger effected pursuant to &#167; 251(g) of this
title), &#167; 252, &#167; 254, &#167; 255, &#167; 256, &#167; 257, &#167; 258, &#167; 263, &#167; 264, &#167; 266 or &#167; 390 of this title (other than, in each case and solely with respect to a converted or domesticated corporation, a merger,
consolidation, conversion, transfer, domestication or continuance authorized pursuant to and in accordance with the provisions of &#167; 265 or &#167; 388 of this title): </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Provided, however, that no appraisal rights under this section shall be available for the shares of any class
or series of stock, which stock, or depository receipts in respect thereof, at the record date fixed to determine the stockholders entitled to receive notice of the meeting of stockholders, or at the record date fixed to determine the stockholders
entitled to consent pursuant to &#167; 228 of this title, to act upon the agreement of merger or consolidation or the resolution providing for the conversion, transfer, domestication or continuance (or, in the case of a merger pursuant to &#167;
251(h) of this title, as of immediately prior to the execution of the agreement of merger), were either: (i)&nbsp;listed on a national securities exchange or (ii)&nbsp;held of record by more than 2,000 holders; and further provided that no appraisal
rights shall be available for any shares of stock of the constituent corporation surviving a merger if the merger did not require for its approval the vote of the stockholders of the surviving corporation as provided in &#167; 251(f) of this title.
</P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Notwithstanding paragraph (b)(1) of this section, appraisal rights under this section shall be available for
the shares of any class or series of stock of a constituent, converting, transferring, domesticating or continuing corporation if the holders thereof are required by the terms of an agreement of merger or consolidation, or by the terms of a
resolution </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-1 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
providing for conversion, transfer, domestication or continuance, pursuant to &#167; 251, &#167; 252, &#167; 254, &#167; 255, &#167; 256, &#167; 257, &#167; 258, &#167; 263, &#167; 264, &#167;
266 or &#167; 390 of this title to accept for such stock anything except: </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Shares of stock of the corporation surviving or resulting from such merger or consolidation, or of the
converted entity or the entity resulting from a transfer, domestication or continuance if such entity is a corporation as a result of the conversion, transfer, domestication or continuance, or depository receipts in respect thereof;
</P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Shares of stock of any other corporation, or depository receipts in respect thereof, which shares of stock (or
depository receipts in respect thereof) or depository receipts at the effective date of the merger, consolidation, conversion, transfer, domestication or continuance will be either listed on a national securities exchange or held of record by more
than 2,000 holders; </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Cash in lieu of fractional shares or fractional depository receipts described in the foregoing paragraphs
(b)(2)a. and b. of this section; or </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Any combination of the shares of stock, depository receipts and cash in lieu of fractional shares or fractional
depository receipts described in the foregoing paragraphs (b)(2)a., b. and c. of this section. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">In the event all of the stock of a subsidiary Delaware corporation party to a merger effected under &#167; 253
or &#167; 267 of this title is not owned by the parent immediately prior to the merger, appraisal rights shall be available for the shares of the subsidiary Delaware corporation. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">[Repealed.] </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Any corporation may provide in its certificate of incorporation that appraisal rights under this section shall
be available for the shares of any class or series of its stock as a result of an amendment to its certificate of incorporation, any merger or consolidation in which the corporation is a constituent corporation, the sale of all or substantially all
of the assets of the corporation or a conversion effected pursuant to &#167; 266 of this title or a transfer, domestication or continuance effected pursuant to &#167; 390 of this title. If the certificate of incorporation contains such a provision,
the provisions of this section, including those set forth in subsections (d), (e), and (g)&nbsp;of this section, shall apply as nearly as is practicable. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Appraisal rights shall be perfected as follows: </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If a proposed merger, consolidation, conversion, transfer, domestication or continuance for which appraisal
rights are provided under this section is to be submitted for approval at a meeting of stockholders, the corporation, not less than 20 days prior to the meeting, shall notify each of its stockholders who was such on the record date for notice of
such meeting (or such members who received notice in accordance with &#167; 255(c) of this title) with respect to shares for which appraisal rights are available pursuant to subsection (b)&nbsp;or (c) of this section that appraisal rights are
available for any or all of the shares of the constituent corporations or the converting, transferring, domesticating or continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent
corporations or the converting corporation is a nonstock corporation, a copy of &#167; 114 of this title) or information directing the stockholders to a publicly available </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-2 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
electronic resource at which this section (and, &#167; 114 of this title, if applicable) may be accessed without subscription or cost. Each stockholder electing to demand the appraisal of such
stockholder&#8217;s shares shall deliver to the corporation, before the taking of the vote on the merger, consolidation, conversion, transfer, domestication or continuance, a written demand for appraisal of such stockholder&#8217;s shares; provided
that a demand may be delivered to the corporation by electronic transmission if directed to an information processing system (if any) expressly designated for that purpose in such notice. Such demand will be sufficient if it reasonably informs the
corporation of the identity of the stockholder and that the stockholder intends thereby to demand the appraisal of such stockholder&#8217;s shares. A proxy or vote against the merger, consolidation, conversion, transfer, domestication or continuance
shall not constitute such a demand. A stockholder electing to take such action must do so by a separate written demand as herein provided. Within 10 days after the effective date of such merger, consolidation, conversion, transfer, domestication or
continuance, the surviving, resulting or converted entity shall notify each stockholder of each constituent or converting, transferring, domesticating or continuing corporation who has complied with this subsection and has not voted in favor of or
consented to the merger, consolidation, conversion, transfer, domestication or continuance, and any beneficial owner who has demanded appraisal under paragraph (d)(3) of this section, of the date that the merger, consolidation or conversion has
become effective; or </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">If the merger, consolidation, conversion, transfer, domestication or continuance was approved pursuant to
&#167; 228, &#167; 251(h), &#167; 253, or &#167; 267 of this title, then either a constituent, converting, transferring, domesticating or continuing corporation before the effective date of the merger, consolidation, conversion, transfer,
domestication or continuance, or the surviving, resulting or converted entity within 10 days after such effective date, shall notify each stockholder of any class or series of stock of such constituent, converting, transferring, domesticating or
continuing corporation who is entitled to appraisal rights of the approval of the merger, consolidation, conversion, transfer, domestication or continuance and that appraisal rights are available for any or all shares of such class or series of
stock of such constituent, converting, transferring, domesticating or continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent corporations or the converting, transferring, domesticating or
continuing corporation is a nonstock corporation, a copy of &#167; 114 of this title) or information directing the stockholders to a publicly available electronic resource at which this section (and &#167; 114 of this title, if applicable) may be
accessed without subscription or cost. Such notice may, and, if given on or after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, shall, also notify such stockholders of the effective date of the
merger, consolidation, conversion, transfer, domestication or continuance. Any stockholder entitled to appraisal rights may, within 20 days after the date of giving such notice or, in the case of a merger approved pursuant to &#167; 251(h) of this
title, within the later of the consummation of the offer contemplated by &#167; 251(h) of this title and 20 days after the date of giving such notice, demand in writing from the surviving, resulting or converted entity the appraisal of such
holder&#8217;s shares; provided that a demand may be delivered to such entity by electronic transmission if directed to an information processing system (if any) expressly designated for that purpose in such notice. Such demand will be sufficient if
it reasonably informs such entity of the identity of the stockholder and that the stockholder intends thereby to demand the appraisal of such holder&#8217;s shares. If such notice did not notify stockholders of the effective date of the merger,
consolidation, conversion, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-3 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
transfer, domestication or continuance, either (i)&nbsp;each such constituent corporation or the converting, transferring, domesticating or continuing corporation shall send a second notice
before the effective date of the merger, consolidation, conversion, transfer, domestication or continuance notifying each of the holders of any class or series of stock of such constituent, converting, transferring, domesticating or continuing
corporation that are entitled to appraisal rights of the effective date of the merger, consolidation, conversion, transfer, domestication or continuance or (ii)&nbsp;the surviving, resulting or converted entity shall send such a second notice to all
such holders on or within 10 days after such effective date; provided, however, that if such second notice is sent more than 20 days following the sending of the first notice or, in the case of a merger approved pursuant to &#167; 251(h) of this
title, later than the later of the consummation of the offer contemplated by &#167; 251(h) of this title and 20 days following the sending of the first notice, such second notice need only be sent to each stockholder who is entitled to appraisal
rights and who has demanded appraisal of such holder&#8217;s shares in accordance with this subsection and any beneficial owner who has demanded appraisal under paragraph (d)(3) of this section. An affidavit of the secretary or assistant secretary
or of the transfer agent of the corporation or entity that is required to give either notice that such notice has been given shall, in the absence of fraud, be prima facie evidence of the facts stated therein. For purposes of determining the
stockholders entitled to receive either notice, each constituent corporation or the converting, transferring, domesticating or continuing corporation may fix, in advance, a record date that shall be not more than 10 days prior to the date the notice
is given, provided, that if the notice is given on or after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, the record date shall be such effective date. If no record date is fixed and the notice
is given prior to the effective date, the record date shall be the close of business on the day next preceding the day on which the notice is given </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Notwithstanding subsection (a)&nbsp;of this section (but subject to this paragraph (d)(3)), a beneficial owner
may, in such person&#8217;s name, demand in writing an appraisal of such beneficial owner&#8217;s shares in accordance with either paragraph (d)(1) or (2)&nbsp;of this section, as applicable; provided that (i)&nbsp;such beneficial owner continuously
owns such shares through the effective date of the merger, consolidation, conversion, transfer, domestication or continuance and otherwise satisfies the requirements applicable to a stockholder under the first sentence of subsection (a)&nbsp;of this
section and (ii)&nbsp;the demand made by such beneficial owner reasonably identifies the holder of record of the shares for which the demand is made, is accompanied by documentary evidence of such beneficial owner&#8217;s beneficial ownership of
stock and a statement that such documentary evidence is a true and correct copy of what it purports to be, and provides an address at which such beneficial owner consents to receive notices given by the surviving, resulting or converted entity
hereunder and to be set forth on the verified list required by subsection (f)&nbsp;of this section. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Within 120 days after the effective date of the merger, consolidation, conversion, transfer, domestication or
continuance, the surviving, resulting or converted entity, or any person who has complied with subsections (a)&nbsp;and (d) of this section and who is otherwise entitled to appraisal rights, may commence an appraisal proceeding by filing a petition
in the Court of Chancery demanding a determination of the value of the stock of all such stockholders. Notwithstanding the foregoing, at any time within 60 days after the effective date of the merger, consolidation,
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-4 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
conversion, transfer, domestication or continuance, any person entitled to appraisal rights who has not commenced an appraisal proceeding or joined that proceeding as a named party shall have the
right to withdraw such person&#8217;s demand for appraisal and to accept the terms offered upon the merger, consolidation, conversion, transfer, domestication or continuance. Within 120 days after the effective date of the merger, consolidation,
conversion, transfer, domestication or continuance, any person who has complied with the requirements of subsections (a)&nbsp;and (d) of this section, upon request given in writing (or by electronic transmission directed to an information processing
system (if any) expressly designated for that purpose in the notice of appraisal), shall be entitled to receive from the surviving, resulting or converted entity a statement setting forth the aggregate number of shares not voted in favor of the
merger, consolidation, conversion, transfer, domestication or continuance (or, in the case of a merger approved pursuant to &#167; 251(h) of this title, the aggregate number of shares (other than any excluded stock (as defined in &#167; 251(h)(6)d.
of this title)) that were the subject of, and were not tendered into, and accepted for purchase or exchange in, the offer referred to in &#167; 251(h)(2) of this title)), and, in either case, with respect to which demands for appraisal have been
received and the aggregate number of stockholders or beneficial owners holding or owning such shares (provided that, where a beneficial owner makes a demand pursuant to paragraph (d)(3) of this section, the record holder of such shares shall not be
considered a separate stockholder holding such shares for purposes of such aggregate number). Such statement shall be given to the person within 10 days after such person&#8217;s request for such a statement is received by the surviving, resulting
or converted entity or within 10 days after expiration of the period for delivery of demands for appraisal under subsection (d)&nbsp;of this section, whichever is later. </TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Upon the filing of any such petition by any person other than the surviving, resulting or converted entity,
service of a copy thereof shall be made upon such entity, which shall within 20 days after such service file in the office of the Register in Chancery in which the petition was filed a duly verified list containing the names and addresses of all
persons who have demanded appraisal for their shares and with whom agreements as to the value of their shares have not been reached by such entity. If the petition shall be filed by the surviving, resulting or converted entity, the petition shall be
accompanied by such a duly verified list. The Register in Chancery, if so ordered by the Court, shall give notice of the time and place fixed for the hearing of such petition by registered or certified mail to the surviving, resulting or converted
entity and to the persons shown on the list at the addresses therein stated. The forms of the notices by mail and by publication shall be approved by the Court, and the costs thereof shall be borne by the surviving, resulting or converted entity.
</P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">At the hearing on such petition, the Court shall determine the persons who have complied with this section and
who have become entitled to appraisal rights. The Court may require the persons who have demanded an appraisal for their shares and who hold stock represented by certificates to submit their certificates of stock to the Register in Chancery for
notation thereon of the pendency of the appraisal proceedings; and if any person fails to comply with such direction, the Court may dismiss the proceedings as to such person. If immediately before the merger, consolidation, conversion, transfer,
domestication or continuance the shares of the class or series of stock of the constituent, converting, transferring, domesticating or continuing corporation as to which appraisal rights are available were listed on a national securities exchange,
the Court shall dismiss the proceedings as to all holders of such shares who are otherwise entitled to appraisal rights unless (1)&nbsp;the total number of shares entitled to appraisal exceeds 1% of the outstanding shares of the class or series
eligible for appraisal, (2)&nbsp;the value of the consideration provided in the merger, consolidation, conversion, transfer, domestication or continuance for such total number of shares exceeds $1&nbsp;million, or (3)&nbsp;the merger was approved
pursuant to &#167; 253 or &#167; 267 of this title. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-5 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">After the Court determines the persons entitled to an appraisal, the appraisal proceeding shall be conducted in
accordance with the rules of the Court of Chancery, including any rules specifically governing appraisal proceedings. Through such proceeding the Court shall determine the fair value of the shares exclusive of any element of value arising from the
accomplishment or expectation of the merger, consolidation, conversion, transfer, domestication or continuance, together with interest, if any, to be paid upon the amount determined to be the fair value. In determining such fair value, the Court
shall take into account all relevant factors. Unless the Court in its discretion determines otherwise for good cause shown, and except as provided in this subsection, interest from the effective date of the merger, consolidation, conversion,
transfer, domestication or continuance through the date of payment of the judgment shall be compounded quarterly and shall accrue at 5% over the Federal Reserve discount rate (including any surcharge) as established from time to time during the
period between the effective date of the merger, consolidation or conversion and the date of payment of the judgment. At any time before the entry of judgment in the proceedings, the surviving, resulting or converted entity may pay to each person
entitled to appraisal an amount in cash, in which case interest shall accrue thereafter as provided herein only upon the sum of (1)&nbsp;the difference, if any, between the amount so paid and the fair value of the shares as determined by the Court,
and (2)&nbsp;interest theretofore accrued, unless paid at that time. Upon application by the surviving, resulting or converted entity or by any person entitled to participate in the appraisal proceeding, the Court may, in its discretion, proceed to
trial upon the appraisal prior to the final determination of the persons entitled to an appraisal. Any person whose name appears on the list filed by the surviving, resulting or converted entity pursuant to subsection (f)&nbsp;of this section may
participate fully in all proceedings until it is finally determined that such person is not entitled to appraisal rights under this section. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The Court shall direct the payment of the fair value of the shares, together with interest, if any, by the
surviving, resulting or converted entity to the persons entitled thereto. Payment shall be so made to each such person upon such terms and conditions as the Court may order. The Court&#8217;s decree may be enforced as other decrees in the Court of
Chancery may be enforced, whether such surviving, resulting or converted entity be an entity of this State or of any state. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The costs of the proceeding may be determined by the Court and taxed upon the parties as the Court deems
equitable in the circumstances. Upon application of a person whose name appears on the list filed by the surviving, resulting or converted entity pursuant to subsection (f)&nbsp;of this section who participated in the proceeding and incurred
expenses in connection therewith, the Court may order all or a portion of such expenses, including, without limitation, reasonable attorney&#8217;s fees and the fees and expenses of experts, to be charged pro rata against the value of all the shares
entitled to an appraisal not dismissed pursuant to subsection (k)&nbsp;of this section or subject to such an award pursuant to a reservation of jurisdiction under subsection (k)&nbsp;of this section. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">Subject to the remainder of this subsection, from and after the effective date of the merger, consolidation,
conversion, transfer, domestication or continuance, no person who has demanded appraisal rights with respect to some or all of such person&#8217;s shares as provided in subsection (d)&nbsp;of this section shall be entitled to vote such shares for
any purpose or to receive payment of dividends or other distributions on such shares (except dividends or other distributions payable to stockholders of record at a date which is prior to the effective date of the merger, consolidation, conversion,
transfer, domestication or continuance). If a person who has made a demand for an appraisal in accordance with this section shall deliver to the surviving, resulting or converted entity a written withdrawal of such person&#8217;s demand for an
appraisal in respect of </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-6 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
some or all of such person&#8217;s shares in accordance with subsection (e)&nbsp;of this section, either within 60 days after such effective date or thereafter with the written approval of the
corporation, then the right of such person to an appraisal of the shares subject to the withdrawal shall cease. Notwithstanding the foregoing, an appraisal proceeding in the Court of Chancery shall not be dismissed as to any person without the
approval of the Court, and such approval may be conditioned upon such terms as the Court deems just, including without limitation, a reservation of jurisdiction for any application to the Court made under subsection (j)&nbsp;of this section;
provided, however that this provision shall not affect the right of any person who has not commenced an appraisal proceeding or joined that proceeding as a named party to withdraw such person&#8217;s demand for appraisal and to accept the terms
offered upon the merger, consolidation, conversion, transfer, domestication or continuance within 60 days after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, as set forth in subsection
(e)&nbsp;of this section. If a petition for an appraisal is not filed within the time provided in subsection (e)&nbsp;of this section, the right to appraisal with respect to all shares shall cease. </TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left">The shares or other equity interests of the surviving, resulting or converted entity to which the shares of
stock subject to appraisal under this section would have otherwise converted but for an appraisal demand made in accordance with this section shall have the status of authorized but not outstanding shares of stock or other equity interests of the
surviving, resulting or converted entity, unless and until the person that has demanded appraisal is no longer entitled to appraisal pursuant to this section. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">D-7 </P>

</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">

<IMG SRC="g28474dsp046.jpg" ALT="LOGO" STYLE="width:7.18889in;height:9.33333in;">
 </P> <P STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">AIR LEASE CORPORATION 2000 AVENUE OF THE STARS SUITE 1000N LOS ANGELES, CA 90067 VOTE BY INTERNET Before the Meeting - Go to
www.fcrvote.com/airlease Have this proxy card ready and follow the instructions on your screen. You will incur only your usual Internet charges. Available 24 hours a day, 7 days a week until 11:59 p.m. Eastern time on [ ], 2025. During the Meeting -
Go to www.cesonlineservices.com/alsm_vm Pre-register by [ ][a.m./p.m.] Pacific time on [ ], 2025 and follow the instructions in your registration email. VOTE BY PHONE - 1-866-402-3905 This method of voting is available for residents of the U.S. and
Canada. On a touch tone telephone, call TOLL FREE 1-866-402-3905, 24 hours a day, 7 days a week. Have this proxy card ready, then follow the prerecorded instructions. Your vote will be confirmed and cast as you have directed. Available 24 hours a
day, 7 days a week until 11:59 p.m. Eastern time on [ ], 2025. VOTE BY MAIL Simply sign and date your proxy card and return it in the enclosed postage-paid envelope to First Coast Results Inc., P.O. Box 3672, Ponte Vedra Beach, FL 32004-9911. If you
are voting by telephone or the Internet, please do not mail your proxy card. THE PROXY STATEMENT, AS WELL AS OTHER PROXY MATERIALS DISTRIBUTED BY AIR LEASE CORPORATION ARE AVAILABLE FREE OF CHARGE ONLINE AT HTTP://WWW.AIRLEASECORP.COM TO VOTE, MARK
BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY AIR LEASE CORPORATION The Board of Directors recommends you vote
&#8220;FOR&#8221; Proposals 1, 2 and 3. 1. Proposal to approve and adopt the Agreement and Plan of Merger, dated as of September 1, 2025, as it may be amended from time to time, by and among Air Lease Corporation, Sumisho Air Lease Corporation
Designated Activity Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company (&#8220;Parent&#8221;), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent
(&#8220;Merger Sub&#8221;), and the consummation of the transactions contemplated thereby, including the merger of Merger Sub with and into the Company (the &#8220;Merger Proposal&#8221;). 2. Proposal to approve, on a non-binding, advisory basis,
the compensation that may be paid or become payable to the named executive officers of Air Lease Corporation in connection with the merger (the &#8220;Compensation Proposal&#8221;). 3. Proposal to approve the adjournment of the special meeting, if
necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the Merger Proposal (the &#8220;Adjournment Proposal&#8221;). For Against Abstain NOTE: In their discretion, the
proxies are authorized to vote upon such other business as may properly come before the special meeting or any adjournment or postponement thereof. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor,
administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by an authorized officer.
Signature (Joint Owners)Date Date Signature [PLEASE SIGN WITHIN BOX] </FONT></P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">

<IMG SRC="g28474dsp047.jpg" ALT="LOGO" STYLE="width:7.18889in;height:9.33333in;">
 </P> <P STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of Stockholders to be Held on [], 2025 The Notice
and Proxy Statement are available online at http://www.airleasecorp.com AIR LEASE CORPORATION PROXY FOR THE SPECIAL MEETING OF STOCKHOLDERS [ ], 2025 [ ][a.m./p.m.] Pacific time To Be Held Virtually at: www.cesonlineservices.com/alsm_vm THIS PROXY
IS SOLICITED BY THE BOARD OF DIRECTORS OF AIR LEASE CORPORATION Each signatory on the reverse side hereby appoints John L. Plueger, Gregory B. Willis and Carol H. Forsyte, and each of them, with the power of substitution, as proxies for the
undersigned and authorizes them to represent and vote all of the shares of Class A common stock of Air Lease Corporation that the undersigned may be entitled to vote at the special meeting of stockholders to be held on [ ] 2025, at [ ][a.m./p.m.]
Pacific time, via live audio webcast at www.cesonlineservices.com/alsm_vm, and at any adjournment or postponement thereof. This proxy, when properly executed, will be voted in the manner directed herein or, if no such direction is given, will be
voted FOR each of Proposal 1 (the Merger Proposal), Proposal 2 (the Compensation Proposal) and Proposal 3 (the Adjournment Proposal). In their discretion, the proxies named herein are authorized to vote in accordance with their judgment upon such
other business as may properly come before the special meeting or any adjournment or postponement thereof. Continued and to be signed on reverse side </FONT></P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>