CLIENT NO.: 2260 AGREEMENT NO.: 8379

Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

Exhibit 10.3

		CLIENT NO.: 2260 AGREEMENT NO.: 8379

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT PURSUANT TO ITEM 601(B)(10) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED, BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[***]”.

AIRPORT SERVICES AGREEMENT ENTERED BY AND BETWEEN AEROPUERTO INTERNACIONAL DE LA CIUDAD DE MEXICO, S.A. DE C.V., HEREINAFTER REFERRED TO AS “AICM”, REPRESENTED HEREIN BY ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ACTING AS ATTORNEY-IN-FACT, AND AEROVÍAS DE MÉXICO, S.A. DE C.V., HEREINAFTER REFERRED TO AS “CARRIER”, REPRESENTED HEREIN BY MR. DIEGO ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ DEL ▇▇▇▇▇ AND ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ACTING AS ATTORNEYS-IN-FACT, PURSUANT TO THE FOLLOWING REPRESENTATIONS AND CLAUSES:

REPRESENTATIONS

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

		CLIENT NO.: 2260 AGREEMENT NO.: 8379

Additionally, CARRIER has requested that such services are provided under the terms hereunder to those aircrafts at CARRIER’s services, which are not described in EXHIBIT ONE because they do not operate regularly in Mexican territory, as well as to any aircraft that CARRIER must temporarily lease from time to time.

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

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Now therefore, the parties agree to enter into this agreement pursuant to the following:

CLAUSES

ONE: DEFINITIONS.- For the purposes of this agreement, the following definitions are provided:

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		CLIENT NO.: 2260 AGREEMENT NO.: 8379

For its application, the aircraft weight expressed in tons shall be rounded to 2 decimals by default or excess, depending on whether is lower than 5 or not, based on the remaining decimals.

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		CLIENT NO.: 2260 AGREEMENT NO.: 8379

By mutual agreement between the parties, other airport services may be added as documented in an exhibit duly signed by both parties, which shall be an integral part hereof.

TWO: PURPOSE.- “AICM” agrees to provide the following services upon request of “CARRIER” to CARRIER’s company and the aircrafts listed in EXHIBIT ONE, as well as to the aircrafts specified in the second paragraph of representation II.5., at the airport Terminal located in Mexico City, except in the event of force majeure, act of nature or legal restrictions,:

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

		CLIENT NO.: 2260 AGREEMENT NO.: 8379

The parties agree that in the provision of any of the services described above in subsections “a” to “e”, the following services are implicitly included, without additional charges to “CARRIER”:

The compensation in exchange for the Access Right is included in the payments “CARRIER” will make to “AICM” for the provision of the airport services subject matter herein.

As per the provisions in article 56 section IV of the Regulations of the Airport Law, “CARRIER” may hire on its own right complementary specific services of security and surveillance responding to its particular needs [***]. In this regard, “AICM” shall waive the participation payment to companies providing services of private security in the following facilities: hangars, workshops, warehouses, buildings, storehouses, offices, check-in areas, and departure lounges, except for the service provided in the movement area.

“AICM” agrees, according to article 46 of the Airport Law, to provide, build and/or maintain appropriate and sufficient infrastructure, facilities, and equipment for the performance of the subject matter herein, including its modernization in accordance with the international standards, maintenance and general cleaning schedules, by assigning sufficient qualified human and technical resources to provide the airport services with security, efficiency and quality.

Similarly, “AICM” shall be responsible for maintaining the areas of the Terminal Facilities, movement and maneuvering areas, as well as the perimeter roads and the roads next to them, in optimal operation and cleanliness conditions, and for providing the necessary means to discharge the wastewater, lubricants and liquids characteristic of the air operation.

THREE: COMPENSATION.- “CARRIER” shall pay “AICM” as compensation in exchange for the airport services herein the amount resulting from the application of the rates referred to in Clause FOUR herein, plus the corresponding Value Added Tax (VAT), which shall be transferred as per the provisions in the corresponding law.

FOUR: APPLICABLE RATES AND REGULATIONS.- The rates and regulations applicable to this agreement are those authorized by the Ministry of Finance and Public Credit as per the authorities granted thereto in articles 31 section X of the Internal Organization Law of the Federal Public Administration, and 15 section V of the Planning Law with the corresponding involvement of the Ministry of Communications and Transport (SCT), as long as “AICM” maintains its capacity as a state-owned entity, rates and regulations which were published in the Official Gazette of the Federation as per the terms referred to in representation number I.3 herein and are included in EXHIBIT THREE hereto.

The modifications to the rates for the services agreed upon herein, as well as the applicable regulations thereof shall be those approved and adjusted by the Ministry of Finance and Public Credit and, as the case may be, the Ministry of Communications and Transport (SCT), and the parties shall comply with the provisions in articles 134, 135 and 136 of the Regulations of the Airport Law and other applicable related regulations.

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		CLIENT NO.: 2260 AGREEMENT NO.: 8379

FIVE: INVOICE AND PAYMENT.- “AICM” shall invoice per operational periods of 7 (seven) days for all and every airport services provided, as per the rules set forth in clause FOUR herein.

The electronic invoices (CFDI) covering the airport services shall be issued by “AICM” to “CARRIER” as per the provisions in the Federal Fiscal Code (CFF) and “AICM” shall submit them at the website of AICM for their consultation and downloading (XML and PDF) using the code and password provided by the invoice provider and notified by “AICM” to “CARRIER”. The website may be accessed through the link ▇▇▇.▇▇▇▇.▇▇▇.▇▇ in the section of electronic invoice (facturación electrónica).

Such invoices shall include the charges itemized; these may be consulted and downloaded by “CARRIER” or delivered through electronic means.

“CARRIER” agrees to make the payment of the total amount of the electronic invoice submitted to be charged by “AICM” plus the Value Added Tax (VAT), which shall be transferred as per the provisions in the Applicable Law no longer than the date agreed upon in EXHIBIT FOUR, without the need for any procedures for its collection. When the indicated payment day is a non-working day, such payment shall be done on the immediate subsequent working day.

“CARRIER” agrees and shall make the payments derived therefrom through electronic means in the following way.- Electronic fund transfer, when the operation is done from the same bank “HSBC MEXICO”, SOCIEDAD ANÓNIMA, INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO HSBC, using the agreement number 1637 and the RAP (Payment Automated Receipt) code, with a twelve-digit reference number provided by the Credit and Collection Management or, when the operation is done from a different bank, through the Interbank Electronic Payment System (SPEI) with the account ▇▇▇▇▇ (Standardized Bank Code), using the following eighteen-digit number: [***], adding the RAP code provided by the Credit and Collection Management, and the numerical reference [***].

Prior official notice from “AICM” 15 working days in advance, the payments may be done in different accounts as duly designated.

Should “CARRIER” fails to pay the electronic invoices for the services subject matter herein on the date agreed upon in EXHIBIT FOUR, “CARRIER” agrees to pay the debt plus the DEFAULT INTEREST referred to in clause EIGHT hereof.

The time to make the payments is between 9:00 to 17:00; therefore, any payment after hours is deemed applicable on the next day and shall incur in the default interest described in clause EIGHT.

Any delay in the invoicing of the airport services that must be performed as per the specifications in this Clause shall be submitted by “AICM” to “CARRIER” for CARRIER to cover it in the immediate subsequent weekly period.

For the purposes of the invoice, application and, as the case may be, verification of the charges for the services subject matter herein, the following documents shall be use as data sources.

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In case of nonconformity by “CARRIER, the verification of the information shall be subject to the provisions in clause NINE hereof and, in addition to the documents set forth in the prior sections, a copy of the following documents may be also submitted: NOTAM, aircraft flight logbook, fact-finding report filed to the Airport Commander’s Office, opinion issued by the Subcommittee on Delays, or any other document issued by the appropriate authority, where the reasons for a flight irregularity, delay or cancellation are documented.

SIX: MODIFICATION TO THE METHOD OF PAYMENT.- The parties mutually agree that when “CARRIER” fails to pay “AICM” as per the method and conditions agreed upon the airport services, after the term of 14 (fourteen) calendar days from the date the default is incurred had elapsed, the payment system may be modified as per the following rules:

The next Tuesday following the end of the term indicated in the preceding paragraph and every subsequent Tuesday, “CARRIER” shall make a weekly deposit in the way and manner set forth in Clause FIVE hereof, which shall be equivalent to the week average of the value of the airport service provisions corresponding to the last four weeks. With these funds, “AICM” will cover the value of the airport services corresponding to the week the deposit was made, but this modification in the payment method shall not waive CARRIER from its payment obligation relative to the debt and the corresponding DEFAULT INTEREST.

In case that the date established to make the deposit is preceded by a non-working day (including Saturday and Sunday), such payment shall be made on the working day immediately following the payment obligation day.

The amount of the deposit shall be reviewed and adjusted by “AICM”, considering the differences between the amount of the deposit and the amount of the charges for the airport services, and it shall notify the resulting amount to “CARRIER” 8 (eight) calendar days in advance prior to the date such payment must be made.

When “CARRIER” fails to make the weekly deposit for the amount estimated and on the established date, “AICM” shall proceed, after 24 (twenty-four) hours, to suspend, without any responsibility whatsoever, to suspend the provision of the services subject matter of this agreement under the terms of the Airport Law and the Regulations thereof.

“CARRIER” shall cover the amount of the outstanding invoices that causes the weekly deposit, including the default interest, up to its completely settlement, within maximum 14 (fourteen) calendar days, from the date when the payment default was incurred.

Should at the end of the term specified in the preceding paragraph, “CARRIER” have failed to pay the debt that is not an issue for nonconformities and have failed to deposit the amount thereof as per the provisions in the last paragraph of the clause concerning “nonconformities”, the airport services subject matter herein will be suspended, except for the landing service, without responsibility for “AICM”, until “CARRIER” pays such amount.

SEVEN: PAYMENT ALLOCATION.- The payment made by “CARRIER” shall be applied in the following order:

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

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The nonconformities pending to be solved by “AICM” are excluded from this order of preference.

EIGHT: DEFAULT INTEREST.- Should “CARRIER” fail to pay any invoices at the default date agreed upon in clause FIVE hereof, ▇▇▇▇▇▇▇ agrees to pay “AICM” the equivalent default interest at an annualized rate which shall be applied on the outstanding balance of the total unpaid invoice, including VAT, for the time elapsed between the day following the payment deadline as indicated in EXHIBIT FOUR and until the date the total amount for the outstanding airport services is paid.

The default interest to be paid shall be the average resulting from considering, during the period the debt remains, the annualized rate stated in the following paragraph plus 4 (four) percentage points multiplied by a [***] factor. The result obtained shall be divided by 360 and then multiplied by the number of days elapsed from the default date until the settlement date.

For the purposes of the previous paragraph, the following shall be deemed the market rate: Interbank Balance Interest Rate (TIIE), published by the Banco de Mexico in the Official Gazette of the Federation, and any interest rate superseding or added to it.

NINE: NONCONFORMITIES.- In the event of any nonconformities by “CARRIER” respect of the amount to be paid as indicated in the electronic invoice, CARRIER shall submit its nonconformity to “AICM” within thirty (30 ) working days from the date the electronic invoice had been received.

The nonconformity shall be submitted in a sheet with letterhead or logo of institutional identification of “CARRIER”, including the electronic invoice data: number, amount, payment date, receipt date, charge concept, and amount of nonconformity; indicate the cause for the nonconformity with grounds and reasons, as well as whether the electronic invoice was paid totally or partially. The omission of this last data will not be a cause for inadmissibility of such nonconformity.

“AICM” shall solve based on grounds and reasons the nonconformities within a term no longer than thirty (30) working days following the submission of the nonconformity by “CARRIER”. In case “AICM” fails to solve the nonconformity within said term, such conformity shall be deemed applicable.

“CARRIER” may choose to pay the total amount of the electronic invoice or exclude the amount corresponding to the nonconformity when paying the corresponding electronic invoice.

In the event that “CARRIER” pays the total electronic invoice and the nonconformity is solved in favor of “CARRIER”, “AICM” shall make a reimbursement by means of a credit note for the amount of the nonconformity plus the amount yielded due to default interest, which shall be estimated using the procedure indicated in clause EIGHT herein in “contrario sensu”.

“AICM” shall issue a credit note in favor of “CARRIER” within maximum thirty (30) working days following the resolution date thereof, which “CARRIER” may apply after having received such credit note.

In the event “CARRIER” makes the payment discounting the amount of the nonconformity and the nonconformity is deemed inadmissible for “CARRIER”, “CARRIER” shall pay the amount subject matter of the nonconformity, plus the default interest incurred, as per the provisions in clause EIGHT herein.

The nonconformities submitted to “AICM” after thirty (30) working days from the electronic invoice receipt by “CARRIER” shall be deemed inadmissible.

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

		CLIENT NO.: 2260 AGREEMENT NO.: 8379

In case of delays or cancellations of flights for reason attributable to “AICM” due the lack or failure in the provision of the services subject matter herein. “CARRIER”, notwithstanding the legal actions it may bring about, may submit nonconformities in order to charge them. If these are admissible, “AICM” shall reimburse, as applicable, the amount paid by “CARRIER” under the terms set forth in this Clause.

To make clarifications on delays or cancellations it will be necessary for “CARRIER” to submit a copy of the NOTAM, Logbook, arrival manifest, departure manifest or of any fact-finding report filed to the Airport Commander’s Office, documenting the reasons for the delay or cancellation.

In case the nonconformity of “CARRIER” remains, and to avoid any default, “CARRIER” may deposit to “AICM” the amount corresponding to the nonconformity until it gets solved, with the rights of the “CARRIER” to exercise any actions “CARRIER” deems suitable being reserved.

The parties mutually agree that, in case that more than three documents concerning the same nonconformity are submitted, regardless of whether “AICM” had defined it as inadmissible, “CARRIER” may choose to request arbitration to the Ministry of Communications and Transport (SCT) and, as the case may be, if “CARRIER” deems its rights are affected by the decision issued by such authority, CARRIER may, if deemed necessary, bring the corresponding legal procedure.

TEN: AIRCRAFT INCLUSION.- In the event that “CARRIER” needs to include aircrafts additional to those listed in EXHIBIT ONE to be subject to the services hereunder, “CARRIER” shall notify in writing “AICM” within [***] working days in advance, with two (2) additional days following the operation date of the referred aircraft to provide a copy of the registration certificate, as well as copy of the Manufacturer’s Technical Specifications Manual of the corresponding aircraft or any document superseding them, specifying the maximum landing weight (MLW), the maximum take-off weight (MTOW), the maximum zero fuel weight (MZFW), and the passenger capacity, or any official document recording the aircraft registration, modification of weight and capacity duly approved by the aviation authority.

ELEVEN: AIRCRAFT EXCLUSION.- Should “CARRIER” desire to exclude aircrafts from the list in EXHIBIT ONE hereto, it shall notify in writing about it “AICM” within two (2) working days following the date the aircraft is removed from your fleet providing the type of aircraft, registration and series number.

TWELVE: AIRPORT IDENTIFICATION CARDS.- The parties mutually agree that for the obtention of the necessary Airport Identification Cards, they shall submit to what is expressly stated in the regulations provided by the Ministry of Communications and Transport (SCT) through the Federal Agency of Civil Aviation and the Local Committee of Airport Security, on the authorization, issue, and use of the Identification Cards, as per the mandatory guidelines for requesting, issuing and using the definite and temporal Airport Identification Card with photography, issued by “AICM”.

THIRTEEN: INSTRUMENTS OR CONTROLS.- The parties agree that the AICM’s employees shall not operate in any manner whatsoever the instruments, controls or devices of the aircrafts of “CARRIER”, whose operation and handling shall be the exclusive responsibility of the people authorized therefor by “CARRIER”. Additionally, the personnel of “CARRIER” shall not operate in any manner whatsoever the equipment and instruments “AICM” uses to provide the services hereunder. Any party in default of the provisions in this Clause shall be responsible for the damages caused to the other party.

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FOURTEEN: DEPARTURE MANIFEST.- The parties agree to use as base for the collection of the airport services the Departure Manifest form prepared by “CARRIER” to declare under penalty of perjury the data recorded therein concerning the technical and operational information as well as the information regarding the number of passengers being transported, information which “AICM” will use to invoice the services.

“CARRIER” shall prepare per each flight the Departure Manifest, delivering the original and copy thereof to “AICM” at the address notified by “AICM” in writing to “CARRIER” within [***] hours, from the flight departure hour, with working hours being from 07:00 to 21:00 local time. “AICM” shall acknowledge of receipt of one copy of said manifest. In case “AICM” does not have the manifest within the term provided because of the omission in their timely delivery by “CARRIER”, “AICM” will invoice the services based on the maximum capacity of the aircraft used for the flight, as referred to in the Pages of the Manufacturer’s Technical Specifications Manual of the corresponding aircraft or any document superseding it relative to the weight and capacity of the corresponding aircraft duly approved by the Aviation Authority.

For such purposes, “AICM” shall provide “CARRIER”, on a monthly basis and without any charge, with the Departure Manifest forms approved by the Aviation Authority, in the necessary quantity according to the number of operations carried out by “CARRIER” in the airport.

“AICM” and “CARRIER” mutually agree that such manifest, in the respective form, may be prepared and sent electronically upon approval by the competent authority.

For purposes of invoicing the airport services, the Departure Manifest received by “AICM” shall be used as data source; in case of nonconformity of “CARRIER”, the verification of the information shall be subject to the provisions in clause NINE herein.

“AICM” reserves its right to confirm, directly or through a third party, within no longer than 30 days following the receipt date of the Departure Manifest, the accuracy of the information; for such purposes, “CARRIER” agrees to make available for “AICM” any supporting flight documentation CARRIER has in the station for its control, as per the provisions set forth in the Regulations of the Civil Aviation Law.

“CARRIER” agrees to pay the difference resulting from the omitted number of passengers, for the provision of the services of Inspection of Passengers and their Hand Luggage (ERPE), with the corresponding surcharges as set forth in clause EIGHT herein; and the AICM agrees to, for such purpose, carry out the nonconformity procedure set forth in clause NINE herein.

FIFTEEN: ARRIVAL MANIFEST.- The parties agree to use as base for the collection of the airport services the Arrival Manifest form prepared by “CARRIER” to declare under penalty of perjury the data recorded therein concerning the technical and operational information, which “AICM” will use to invoice the services.

“CARRIER” shall prepare per each flight the Arrival Manifest, delivering the original and copy thereof to “AICM” at the address notified by “AICM” in writing to “CARRIER” within [***] hours, from the flight arrival hour, with working hours being from 07:00 to 21:00 local time. “AICM” shall acknowledge of receipt of one copy of said manifest. In case “AICM” does not have the manifest within the term provided because of the omission in their timely delivery by “CARRIER”, “AICM” shall invoice the services based on the maximum capacity of the aircraft used for the flight, as referred to in the Pages of the Manufacturer’s Technical Specifications Manual of the corresponding aircraft or any document superseding it relative to the weight and capacity of the corresponding aircraft duly approved by the Aviation Authority.

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Confidential Treatment Requested Pursuant to 17 C.F.R. Section 200.83

		CLIENT NO.: 2260 AGREEMENT NO.: 8379

For such purposes, “AICM” shall provide “CARRIER”, on a monthly basis and without any charge, with the Arrival Manifest forms approved by the Aviation Authority, in the necessary quantity according to the number of operations carried out by “CARRIER” in the airport.

“AICM” and “CARRIER” mutually agree that such manifest, in the respective form, may be prepared and sent electronically upon approval by the competent authority.

For purposes of invoicing the airport services, the Arrival Manifest received by “AICM” shall be used as data source; in case of nonconformity of “CARRIER”, the verification of the information shall be subject to the provisions in clause NINE herein.

SIXTEEN: TERMINATION.- When either party fails to comply with its obligations hereunder, the other party shall notify it in writing, indicating the noncompliance event, and the party in default shall have a five-(5)-working-day term from the notice to express in written whatever such party may deem in its best interest.

In the event the party in default remains silent during the term provided in the preceding paragraph, or what the party expresses is not admissible and the noncompliance continues, the party affected by the noncompliance may immediately request the corresponding legal termination as per the provisions in this agreement.

In such case, the party in default is not waived from the fulfillment of its pending obligations hereunder.

The noncompliance with any of the conditions set forth in this agreement by “CARRIER” shall not be a reason or cause to suspend other services hired and provided in the airport by “AICM”.

If either party fails to comply with its obligations to its employees.

SEVENTEEN: BONDS.- In order to secure the compliance with the obligations acquired hereunder, “CARRIER “ shall provide “AICM” within [***] working days following the formal delivery date of the agreement signed by the parties by “AICM”, a security which may be a Surety Bond, Standby Letter of Credit for Compliance or Cash Deposit or Mortgage Security, acceptable by and in favor of “AICM”, amounting to [***], which the party shall deliver under the terms and conditions set forth in EXHIBIT FIVE hereto, which, signed by the parties, is an integral part hereof.

In case of agreement renewal, the bond amount shall be the monthly average of the consumption of the services subject matter herein received for the last 12 months.

In the event of new agreements, the bond shall be the amount of the estimated monthly consumption of the services subject matter herein, based on the information provided by “CARRIER”.

Because of the variations in consumption that may happen during the term hereof, “CARRIER” and “AICM” shall mutually agree on the amount for which the amendment agreement shall be entered into. The adjustments shall be done based on the annual average of the amounts derived from the consumption of the services provided plus the corresponding increases in the costs of said services in the same period.

The delivery of the bond referred to in the first paragraph of this Clause, in favor and at the satisfaction of “AICM”, as well as its term of duration are conditions for the obligation of “AICM” concerning the provision of the airport services hereunder to be deemed in force.

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EIGHTEEN: RENEWAL OF BOND.- The bond referred to in the preceding clause shall be annually renewed for the term hereof, for which “CARRIER” shall provide a new document or an additional document renewing it or, as applicable, a change of the type of bond agreed upon by the parties within a ten-(10)-working-day term prior to the termination of any bond in force, and the renewed bond shall have the same provisions set forth in the previous clause.

The parties shall mutually agree the amount of the bond which shall be equivalent to the monthly average of the consumption of the services received for the last 12 months. The fact that “CARRIER” fails to deliver to “AICM” the additional documents to renew or extend the term of the bond as per the form and terms set forth in the preceding clause is a reason for “AICM” terminates this agreement.

NINETEEN: RESPONSIBILITIES AND INSURANCES.- “AICM”, under the terms set forth in article 76 of the Airport Law and 146 of the Regulations thereof, agrees that any damage caused to “CARRIER” in its aircrafts, assets, and/or third party’s property, injuries or death of any person, as well as any damage caused to the engines of its aircrafts in operation due to sucking of a foreign object (FOD) in the maneuvering areas (runways, taxiing areas, platforms) assigned for boarding or disembarking of passengers, attributable to “AICM” in accordance with the report issued by the competent authority, resulting from accidents occurred during the provisions of the services subject matter herein, shall be at “AICM” expenses and risks, and “AICM” shall be responsible for taking care of any claim, legal action or demand, and perform any necessary procedures until the resolution thereof; in case of damage where civil aircrafts are involved or affected, the provisions in article 81 of the Civil Aviation Law shall apply.

“CARRIER” and “AICM” shall hire each on its own and maintain an insurance with an Insurance Agency duly authorized under the provision set forth in the Civil Aviation Law and the Airport Law and the respective Regulations thereof, as per the standard guidelines applicable for the kind of activity they perform, with the obligation to cover the civil responsibility derived therefrom.

The parties shall submit to the procedure set by the corresponding Insurance Agency to claim the recovery of the damage covered in the respective insurance policy and, particularly, to the provisions set forth in the Insurance Contract Law. Additionally, the parties agree to deliver each their certificate issued by their respective insurance agency, defining the scopes and amounts of the insurance policies hired by each party within a 30-calendar-day term from the execution hereof, as well as the copy of the official document issued by the aviation authority documenting that the Insurance Certificate was duly registered in the Mexican Aviation Register.

It is understood and agreed that the payment of any amount under the insurance for concept of repair for damages referred to in this clause shall not waive “AICM” or “CARRIER” from their obligations of paying any exceeding amounts not covered by the insurance, which shall still be the responsability of the debtor party.

The insurance contract of each party shall be registered in the Ministry of Communications and Transport (SCT) and shall be valid for the terms of this agreement and any extension thereof, as applicable.

TWENTY: PROCEDURE TO CLAIM DAMAGES CAUSED TO PROPERTY OF “CARRIER” AND/OR “AICM”.

The parties agree that during the term hereof and in case an accident and/or incident occurs during the provision of the services subject matter herein, they may choose to be submitted to any of the procedures listed below for claiming the indemnification of any damages caused by one party to the other.

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1.- If damage is caused to an aircraft, engine or elements thereof:

For the purposes of the payment referred to in the preceding subsection c), the parties mutually agree that, once the Aviation Authority decides on or determines the probable causes and such decision is favorable for “CARRIER”, “CARRIER” shall submit to the offices of “AICM” located in the airport a document requesting the payment of any expenses derived from repairs, damages, replacement of the damaged property, and consequential damages, accompanied by the corresponding supporting documents, on the understanding that “AICM” shall pay on its own or through its Insurance Agency the amount of the payment requested under such concepts, even when there may be any difference between this requested amount and the amount initially estimated by “CARRIER”, as well as the amounts not covered by the Insurance Agency, which shall remain to be the responsibility of “AICM”, who shall pay them to “CARRIER” as per the provisions in the following paragraph.

Once the request and supporting documents referred to in the preceding paragraph have been delivered, “AICM” shall immediately carry on the corresponding procedures to obtain the payment in favor of “CARRIER” with the Insurance Agency with which “AICM” has hired the Insurance Policy; therefore, once such procedures have been completed, “AICM” agrees to request its Insurance Agency to make the corresponding payment after “CARRIER” and the Insurance Agency had signed the document referred to as “Release and settlement of claim” (or other similar), for the Insurance Agency to make the corresponding payment within thirty (30) days following the execution thereof.

The amounts that remain unpaid by the Insurance Agency shall be directly paid by “AICM” to “CARRIER” within thirty (30) days following the execution of the document “Release and settlement of claim” referred to in the preceding paragraph.

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2.- Damage caused to any property or equipment used to provide the appropriate services for the operations of “CARRIER”, other than its aircrafts or any of the parts thereof.

For the purposes of the payment referred to in subsection c) above, the parties agree that right after the experts had solved or determined the probable causes of the accident and/or incident, as well as the estimated economic amounts for repairing the corresponding damages, and in the event that such decision or opinion is favorable for “CARRIER”, “CARRIER” shall deliver to the offices of “AICM” located at the Mexico City International Airport ▇▇▇▇▇▇ ▇▇▇▇▇▇, a letter requesting the payment for the expenses resulting from the damages repairs and/or property replacement, accompanied by any relevant supporting document, on the understanding that “AICM” shall pay the invoiced amount, even when there may be any difference between this amount and the amount initially estimated by “CARRIER”.

Once the letter and the documentation referred to in the preceding paragraph had been delivered, “AICM” agrees to carry out immediately the corresponding procedures to obtain the payment in favor of “CARRIER” with the Insurance with which “AICM” hired the mandatory Insurance Policy under the provisions in the Airport Law, and the amounts that remain unpaid by the Insurance Agency shall be directly paid by “AICM” to “CARRIER”, within thirty (30) days following the execution of the document “Release and settlement of claim” referred to in this procedure.

3.- If the damage is caused to the property of “AICM”:

“CARRIER” agrees that in the event that the expert opinion result referred to in the preceding paragraphs states that “CARRIER” is the responsible party, the procedure described in this Clause shall be applied to “AICM”, and the amounts that remain unpaid by the Insurance Agency shall be directly paid by “CARRIER” to “AICM”, within thirty (30) days following the execution of the document “Release and settlement of claim” referred to in this procedure.

The parties agree that in the event that “CARRIER” experiences damage in any of its aircrafts, engines or property and equipment used in land for the performance of its operations which are owned by, in possession of, or under the care of “CARRIER”, because of the provision of the airport services subject matter herein, which in CARRIER’s opinion are attributable to “AICM”, “CARRIER” may go to the competent Federal Courts in Mexico City to file any legal actions CARRIER deems suitable, without prejudice of the procedure bring about with the Aviation Authority, in order to obtain the repair and payment of the ▇▇▇▇▇ caused, as well as any damages derived therefrom.

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Similarly, “AICM” may go to the competent Federal Courts in Mexico City to file any legal actions “AICM” deems suitable, in order to obtain the repair and payment of the ▇▇▇▇▇ caused to its property that, in AICM’s opinion, are attributable to CARRIER, as well as any damages derived therefrom.

The parties agree that, in case that “AICM” shall no longer be a State-Owned Entity, and this agreement continues in force, any disputes arising between the parties derived from the procedures set forth in this Clause shall be exclusively and definitely solved, at the election of the affected party, in accordance with applicable arbitration rules of the Mexico Arbitration Center (CAM), hereinafter “the rules”, by an arbitrator designated as per such rules.

The judgment issued by such arbitrator shall not be subject to any appeal.

This arbitration shall be carried out in Mexico City and, as for the procedures, the provisions in “the rules” shall be applicable and, as for the substance, the Commercial Code, the Civil Aviation Law and the Regulations thereof, the Airport Law and the Regulations thereof, the Federal Civil Code and the Federal Code of Civil Procedure shall be applicable.

Additionally, the parties agree to submit to the jurisdiction of the competent Federal Courts in Mexico City, for the recognition and enforcement of the judgment issued, and the parties waive expressly to any venue they may have right to because of their current or future address.

TWENTY-ONE: EMPLOYMENT RELATIONSHIPS.- “AICM” and “CARRIER”, respect of the employees they hire because of the services subject matter herein, shall be responsible for the compliance with their respective obligations under the legal provisions and other labor and social security regulations, as well as under the relevant agreements; therefore, the parties agree to respond in case of any labor dispute their respective employees file against it or against the other party concerning the services hereunder, and both parties mutually agree to hold the other party harmless from any claim.

TWENTY-TWO: TERM.- The term hereof shall be three (3) years from January 1, 2021, to December 31, 2023, which may be extended prior agreement between the parties, and “CARRIER” may terminate it without any responsibility, prior written notice to “AICM” thirty (30) calendar days in advance, provided that any CARRIER’s obligations hereunder are fulfilled.

Additionally, the parties agree that this agreement shall be terminated without any responsibility for the parties in the event that, because of decree of the competent government authority, the operations in the Airport are no longer allowed or in case the AICM’s concession to manage or use the civil aerodrome is revoked; therefore, the parties hereby state that they do not reserve any action or right whatsoever to be exercised because of this reason.

Upon termination hereof, “CARRIER” shall pay “AIC any outstanding payments as per the provisions hereunder. “AICM” shall reimburse the outstanding amounts in favor of “CARRIER” and provide a solution to the nonconformities pending to be solved and/or in process derived from the termination hereof.

In case of termination hereof without amounts payable, as per paragraph first of article 55 of the Airport Law, “AICM” shall provide, in exchange of pay in cash and upon CARRIER’s request, any airport services subject matter hereunder, as per the agreements concerning the rates and application rules valid at the time of the service provision.

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TWENTY-THREE: RIGHT ASSIGNMENT.- The parties agree that any of the parties may, prior written notice to the other party 60 calendar days in advance, assign or transfer the rights and obligations hereunder to any of their affiliates or any member of their group, regardless whether they are owned or not by the Federal Government (in the case of “AICM”), on the understanding that such third party shall be entirely submitted to the provisions agreed upon hereunder.

Moreover, the parties agree that, in the event of the case explained above, the revisions, updating and, as applicable, preparation of the necessary procedures shall be carried out in order to continue to comply with the obligations hereunder.

TWENTY-FOUR: NOTICES.- Any notices, advice, and in general, any communications the parties give each other hereunder, including services of summons, as the case may be, shall be delivered at the following addresses:

“AICM”

Aeropuerto Internacional ▇▇▇▇▇▇ ▇▇▇▇▇▇ Ciudad de Mexico

Direccion Comercial y de Servicios

Sala “E2” Piso•3 del Area Internacional de la Terminal 1

Avenida Capitan ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ S/N

Colonia Peñon de los Baños

Alcaldia ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇

▇.▇. 15620, Mexico City.

“CARRIER” shall notify in writing “AICM” fifteen (15) calendar days in advance about any change of address; otherwise, any notices, services and summons delivered at the address indicated above shall be deemed effective for any legal purposes; as well as any modification to its bylaws, such as a change in is commercial or business name, its shareholders, any merge, divestiture or similar procedure, to its way of administration, etcetera, and, as the case may be, to the authority of its attorneys-in-fact, attaching the relevant documentation.

TWENTY-FIVE: ENTIRE AGREEMENT. Any other agreement or understanding on the subject matter herein previously entered into between the parties shall be deemed superseded from the effective date hereof.

TWENTY-SIX: GOVERNING LAW.- The parties agree to submit strictly, for the provisions of the airport services subject matter herein, to any and every Clause herein, as well as to the terms, requirements, and procedures provided by the Airport Law and the Regulations thereof, the International Agreements, the Federal Civil Code, the Federal Code of Civil Procedures, the Civil Aviation Law and the Regulations thereof, as well as any other applicable legal regulations

TWENTY-SEVEN: JURISDICTION AND COMPETENCE.- For the construction and enforcement hereof, the parties expressly submit to the jurisdiction and competence of the competent Federal Courts in Mexico City, waiving to any other venue they may have right to.

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The parties declare that, when entering into this agreement, there is no defect of consent that may invalidate or nullify this instrument; therefore, the parties having understood the content and legal scope hereof, sign this agreement in conformity in four counterparts, at Mexico City, on December 31, 2020.

THE SIGNATURES IN THIS PAGE CORRESPOND TO THE SIGNATURES STAMPED IN THE AIRPORT SERVICES AGREEMENT ENTERED BY AND BETWEEN AEROPUERTO INTERNACIONAL DE LA CIUDAD DE MÉXICO, S.A. DE C.V. AND AEROVÍAS DE MÉXICO, S.A. DE C.V., THROUGH THEIR ATTORNEYS-IN-FACT, ON DECEMBER 31, 2020.

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ANNEX ONE

LIST OF “CARRIER’S” AIRCRAFT

[Omitted]

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ANNEX TWO

“SELF-PROVISION AND/OR AUTHORIZATION FOR THE ISSUANCE OF AIRPORT

IDENTIFICATION CARDS (TIA) TO AFFILIATES”

SELF-PROVISION

[Omitted]

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ANNEX THREE

RATE APPLICATION RULES

[Omitted]

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ANNEX FOUR

DELIVERY SCHEDULE FOR ELECTRONIC INVOICES AND PAYMENT DATES

[Omitted]

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ANNEX FIVE

TERMS AND CONDITIONS UNDER WHICH THE PERFORMANCE BOND OF CLAUSE

SEVENTEEN OF THE AGREEMENT OF WHICH THIS ANNEX IS PART MUST BE FILED.

BOND

[Omitted]

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