Amendment to Letter Agreement Between Aircastle Advisor LLC and David Walton (March 8, 2006)

Summary

This agreement is an amendment to a previous letter agreement between Aircastle Advisor LLC and David Walton. It confirms that Mr. Walton has executed a Restricted Share Agreement for shares in Aircastle Investment Limited and acknowledges receipt of his guaranteed 2005 bonus. Except for the changes specified, all other terms of the original agreement remain unchanged.

EX-10.9 10 file10.htm LET. AGREEMENT BET. AIRCASTLE LLC AND DAVID WALTON

  Aircastle Advisor LLC 300 First Stamford Place, 5th Floor Stamford CT 06902 March 8, 2006 David Walton 384 Sound Beach Avenue Old Greenwich CT 06870 Dear Dave: Reference is made to that certain letter agreement, dated February 3, 2005 (the "Letter Agreement"), between you and Aircastle Advisor LLC. 1. Initial Grant. On and as of the date hereof you have executed a Restricted Share Agreement in respect of certain shares of Aircastle Investment Limited. Accordingly, the final two paragraphs under "Annual Discretionary Incentive Compensation" are deleted from the Letter Agreement. 2. Miscellaneous. (a) You confirm receipt of your "Guaranteed 2005 Bonus". (b) Except as expressly set forth herein, the Letter Agreement remains in full force and effect, unchanged. AIRCASTLE ADVISOR LLC By: /s/ Mark Zeidman ---------------------------- Accepted and agreed to, this 8th day of March, 2006: /s/ David Walton - -------------------------------- David Walton