Common use of Maintenance Provisions refundable at termination of the Agreement Clause in Contracts

Maintenance Provisions refundable at termination of the Agreement. 10.8.1 Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination Date”), the Provider shall reimburse the Company Maintenance Provisions related to landing gears maintenance services and/or their sub-component for ATR 72-600 only based on [*****] of the amount set out in Clause 10.3.2 for maintenance services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 10.5 and when applicable adjusted every [*****] as per Clause 10 and 11 for each FH or CY performed for Main Elements: between the re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant EASA, FAA, TC, or ANAC release form and ending on the Termination Date. [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. AZUL & TRIP – ATR Global Maintenance Agreement-Addendum O5 Page 10 / 49 Issue 3 – DSC 0014/13 For sake of clarity, since the Company will pay such service based on, • for ATR 42-500, ATR 72-500 and ATR 72-600, [*****] of the price by the hours and [*****] by event, • for ATR 72-600, [*****] of the price by the hours and [*****], • for ATR 42-500 and ATR 72-500, [*****], [*****] of the price by the hours and [*****] [*****] In addition, it is agreed by the parties that [*****] out of [*****] of the maintenance provision paid for the maintenance of the landing gears [*****] Should any Aircraft be an ATR and/or ATR affiliate’s property, then Refund Amount shall be reimbursed to the owner. Provider shall only be required to reimburse the Refund Amount provided that:

Maintenance Provisions refundable at termination of the Agreement. 10.8.1 Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination Date”), the Provider shall reimburse the Company Maintenance Provisions related to landing gears maintenance services and/or their sub-component for ATR 72-600 only based on [*****] ]) of the amount set out in Clause 10.3.2 for maintenance services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 10.5 and when applicable adjusted every [*****] as per Clause 10 and 11 11, for each FH or CY performed for Main Elements: between the re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant EASA, FAA, TC, or ANAC release form and ending on the Termination Date. [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. AZUL & TRIP – ATR Global Maintenance Agreement-Addendum O5 Page 10 / 49 Issue 3 – DSC 0014/13 For sake of clarity, since the Company will pay such service based on, • for ATR 42-500, ATR 72-500 and ATR 72-600, [*****] of the price by the hours and [*****] by event], • for ATR 72-600, [*****] of the price by the hours and [*****], • for ATR 42-500 and ATR 72-500, [*****], [*****] of the price by the hours and [*****] ], [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. AZUL & TRIP - ATR Global Maintenance Agreement-Addendum 06 issue 4 Page 9 / 27 DS/CS-551/14 CONFIDENTIAL TREATMENT REQUESTED the Refund Amount will apply only for the maintenance reserves collected for the landing gears installed on ATR 72-600 aircraft. In addition, it is agreed by the parties that [*****] out of [*****] of the maintenance provision paid for the maintenance of the landing gears [*****] will be reimbursed as credit memo for the purchasing of services, goods and aircraft. Should any Aircraft be an ATR and/or ATR affiliate’s property, then Refund Amount shall be reimbursed to the owner. Provider shall only be required to reimburse the Refund Amount provided that: