X0306 4 2020-12-22 0 0001754170 AerSale Corp ASLE 0001837754 Nichols Robert B. 121 ALHAMBRA PLAZA, SUITE 1700 CORAL GABLES FL 33134 1 1 0 0 See Remarks Common Stock 2021-01-27 4 C 0 403373 A 2425513 I See footnote Contingent Earnout Shares 2020-12-22 4 A 0 403373 0.00 A Common Stock 403373 403373 I See footnote Contingent Earnout Shares 2020-12-22 4 A 0 403373 0.00 A Common Stock 403373 403373 I See footnote Contingent Earnout Shares 2021-01-27 4 C 0 403373 0.00 D Common Stock 403373 0 I See footnote Represents shares of common stock held by ThoughtValley L.P. ("ThoughtValley"). Mr. Nichols is the sole member and manager of ThoughtValley, LLC, which is the sole general partner of ThoughtValley. Accordingly, all of the shares held by ThoughtValley may be deemed to be beneficially held by Mr. NIchols. Represents shares of Common Stock that may be issued to the Reporting Person if the closing sale price of Common Stock equals or exceeds $13.50 per share for any period of 20 trading days out of 30 consecutive trading days prior to December 22, 2025, pursuant to an "earn out" provision in the Amended and Restated Merger Agreement, dated as of September 8, 2020 by and among the Issuer, Aersale Aviation, Inc., Monocole, Monocle Merger Sub 1 Inc., Monocle Merger Sub 2 LLC, and Leonard Green & Partners, L.P (the "Merger Agreement"). Represents shares of Common Stock that may be issued to the Reporting Person if the closing sale price of Common Stock equals or exceeds $15.00 per share for any period of 20 trading days out of 30 consecutive trading days prior to December 22, 2025, pursuant to an "earn out" provision in the Merger Agreement. Executive Vice Chairman, Division President, Asset Management Solutions /s/ Martin Garmendia, Attorney-in-fact for Robert B. Nichols 2021-02-12