Document:

<PAGE>

                                                                    EXHIBIT 10.7

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                         NISSAN AUTO LEASE TRUST 2003-A,

                         U.S. BANK NATIONAL ASSOCIATION,
                            as Indenture Trustee and
                                as Secured Party,

                                       and

                         U.S. BANK NATIONAL ASSOCIATION,
                           as Securities Intermediary

                          ----------------------------

                                CONTROL AGREEMENT

                          Dated as of October 29, 2003

                          ----------------------------

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<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                   PAGE
<S>                                                                                                <C>
                                   ARTICLE ONE

                                   DEFINITIONS

1.01.    General Definitions..............................................................           1
1.02.    Incorporation of UCC by Reference................................................           2

                                   ARTICLE TWO

                ESTABLISHMENT OF CONTROL OVER SECURITIES ACCOUNTS

2.01.    Establishment of Reserve Account.................................................           2
2.02.    "Financial Assets" Election......................................................           2
2.03.    Entitlement Orders...............................................................           2
2.04.    Subordination of Lien; Waiver of Set-Off.........................................           2
2.05.    Notice of Adverse Claims.........................................................           3

                                  ARTICLE THREE

           REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SECURITIES
                                  INTERMEDIARY

3.01.    Representations, Warranties and Covenants of the Securities Intermediary.........           3

                                  ARTICLE FOUR

                                  MISCELLANEOUS

4.01.    Choice of Law....................................................................           4
4.02.    Conflict with Other Agreements...................................................           4
4.03.    Amendments.......................................................................           4
4.04.    Successors.......................................................................           4
4.05.    Notices..........................................................................           4
4.06.    Termination......................................................................           4
4.07.    Counterparts.....................................................................           5
</TABLE>

                                        i

<PAGE>

                                CONTROL AGREEMENT

         This Control Agreement (this "Agreement"), dated as of October 29,
2003, is among Nissan Auto Lease Trust 2003-A, a statutory trust formed pursuant
to the laws of the State of Delaware (the "Trust"), U.S. Bank National
Association ("U.S. Bank"), in its capacity as indenture trustee (the "Indenture
Trustee") on behalf of the holders of the Notes (the "Secured Party") under the
Indenture, dated as of October 29, 2003 (the "Indenture") by and between the
Trust and the Indenture Trustee, and U.S. Bank, in its capacity as securities
intermediary (the "Securities Intermediary").

                                    RECITALS

         WHEREAS, pursuant to the Indenture, the Trust has granted to the
Secured Party a security interest in investment property consisting of the
Reserve Account, related Security Entitlements and the financial assets and
other investment property from time to time included therein to secure payment
of the Notes;

         WHEREAS, pursuant to the Indenture, on the date on which the lien of
the Indenture is released, rights with respect to the Reserve Account shall be
transferred back to the Trust; and

         WHEREAS, the parties hereto desire that the security interest of the
Secured Party be a first priority security interest perfected by "control"
pursuant to Articles Eight and Nine of the UCC.

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

                                   ARTICLE ONE

                                   DEFINITIONS

                  1.01.    General Definitions. Capitalized terms used herein
that are not otherwise defined shall have the meanings ascribed thereto in the
Agreement of Definitions, dated as of October 29, 2003, by and among the Trust,
as issuer (the "Issuer"), NILT Trust, a Delaware statutory trust, as grantor and
initial beneficiary (in such capacity, the "Grantor" and the "UTI Beneficiary,"
respectively), Nissan-Infiniti LT, a Delaware statutory trust (the "Titling
Trust"), Nissan Motor Acceptance Corporation, a California corporation ("NMAC"),
in its individual capacity, as servicer and as administrative agent (in such
capacity, the "Servicer" and the "Administrative Agent," respectively), Nissan
Auto Leasing LLC II, a Delaware limited liability company ("NALL II"), NILT,
Inc., a Delaware corporation, as trustee to the Titling Trust (the "Titling
Trustee"), Wilmington Trust Company, a Delaware banking corporation, as owner
trustee and Delaware trustee (in such capacity, the "Owner Trustee" and the
"Delaware Trustee," respectively) and U.S. Bank, as Indenture Trustee and trust
agent (in such capacity, the "Trust Agent").

                                                               Control Agreement

<PAGE>

                  1.02.    Incorporation of UCC by Reference. Except as
otherwise specified herein or as the context may otherwise require, all terms
used in this Agreement not otherwise defined herein which are defined in the UCC
shall have the meanings assigned to them in the UCC.

                                   ARTICLE TWO

                ESTABLISHMENT OF CONTROL OVER SECURITIES ACCOUNTS

                  2.01.    Establishment of Reserve Account. The Securities
Intermediary hereby confirms that (i) the Trust has established the Reserve
Account at the Securities Intermediary, (ii) the Reserve Account is an account
to which financial assets are or may be credited, (iii) the Securities
Intermediary shall, subject to the terms of this Agreement and the Indenture,
treat the Secured Party as entitled to exercise the rights that comprise any
financial asset credited to the Reserve Account, (iv) all property delivered to
the Securities Intermediary by or on behalf of the Secured Party for deposit to
the Reserve Account will promptly be credited to the Reserve Account and (v) all
securities or other property underlying any financial assets credited to the
Reserve Account shall be registered in the name of the Securities Intermediary,
endorsed to the Securities Intermediary or in blank or credited to another
securities account maintained in the name of the Securities Intermediary and in
no case will any financial asset credited to the Reserve Account be registered
in the name of the Trust, payable to the order of the Trust or specially
endorsed to the Trust except to the extent the foregoing have been specially
endorsed to the Securities Intermediary or in blank.

                  2.02.    "Financial Assets" Election. The Securities
Intermediary hereby agrees that each item of property (whether investment
property, financial asset, security, instrument or cash) credited to the Reserve
Account shall be treated as a "financial asset" within the meaning of Section
8-102(a)(9) of the UCC.

                  2.03.    Entitlement Orders. If at any time the Securities
Intermediary shall receive any Entitlement Order from the Secured Party with
respect to the Reserve Account, the Securities Intermediary shall comply with
such Entitlement Order without further consent by the Trust, the Initial Secured
Party or any other Person. If at any time the Secured Party notifies the
Securities Intermediary in writing that the Lien of the Indenture has been
released, the Securities Intermediary shall thereafter comply with Entitlement
Orders with respect to the Reserve Account from the Initial Secured Party
without further consent by the Trust or any other Person.

                  2.04.    Subordination of Lien; Waiver of Set-Off. If the
Securities Intermediary has or subsequently obtains by agreement, operation of
law or otherwise a security interest in the Reserve Account or any Security
Entitlement credited thereto, the Securities Intermediary hereby agrees that
such security interest shall be subordinate to the security interests of the
Secured Party. The financial assets and other items deposited to the Reserve
Account will not be subject to deduction, set-off, banker's lien or any other
right in favor of any Person or entity other than the Secured Party (except that
the Securities Intermediary may set off against amounts on deposit in the
Reserve Account (i) all amounts due to it in respect of its customary fees and
expenses for the routine maintenance and operation of the Reserve Account, and
(ii) the face amount of any

                                                               Control Agreement

                                        2

<PAGE>

checks that have been credited to the Reserve Account but are subsequently
returned unpaid because of uncollected or insufficient funds).

                  2.05.    Notice of Adverse Claims. Except for the claims and
interests of the Secured Party and the Trust in the Reserve Account, the
Securities Intermediary does not know of any claim to, or interest in, the
Reserve Account or in any financial asset credited thereto. If any Person
asserts any lien, encumbrance or adverse claim (including any writ, garnishment,
judgment, warrant of attachment, execution or similar process) against the
Reserve Account or in any financial asset carried therein, the Securities
Intermediary will promptly notify the Secured Party and the Trust thereof.

                                  ARTICLE THREE

                    REPRESENTATIONS, WARRANTIES AND COVENANTS
                         OF THE SECURITIES INTERMEDIARY

                  3.01.    Representations, Warranties and Covenants of the
Securities Intermediary. The Securities Intermediary hereby represents and
warrants to the Secured Party and the Trust, and covenants that:

                       (a) The Reserve Account has been established as set forth
in Section 2.01 and the Reserve Account will be maintained in the manner set
forth herein until termination of this Agreement. The Securities Intermediary
shall not change the name or account number of the Reserve Account without the
prior written consent of the Secured Party.

                       (b) No financial asset carried in the Reserve Account is
or will be registered in the name of the Trust, payable to the order of the
Trust, or specially endorsed to the Trust, except to the extent such financial
asset has been endorsed to the Securities Intermediary or in blank.

                       (c) This Agreement is the valid and legally binding
obligation of the Securities Intermediary.

                       (d) The Securities Intermediary has not entered into, and
until the termination of this Agreement will not enter into, any agreement
pursuant to which it agrees to comply with Entitlement Orders of any Person
other than the Secured Party to the extent provided in Section 2.03, with
respect to the Reserve Account.

                       (e) The Securities Intermediary has not entered into any
other agreement with the Trust or the Secured Party purporting to limit or
condition the obligation of the Securities Intermediary to comply with
Entitlement Orders as set forth in Section 2.03.

                                                               Control Agreement

                                        3

<PAGE>

                                  ARTICLE FOUR

                                  MISCELLANEOUS

                  4.01.    Choice of Law. This Agreement and the Reserve Account
shall be governed by the laws of the State of New York, without reference to its
conflict of law provisions (other than Section 5-1401 of the General Obligations
Law of the State of New York). Regardless of any provision in any other
agreement, for purposes of the UCC, New York shall be deemed to be the
Securities Intermediary's location and the Reserve Account (as well as the
Security Entitlements related thereto) shall be governed by the laws of the
State of New York.

                  4.02.    Conflict with Other Agreements. There are no other
agreements entered into between the Securities Intermediary in such capacity and
the Trust with respect to the Reserve Account. In the event of any conflict
between this Agreement (or any portion thereof) and any other agreement now
existing or hereafter entered into, the terms of this Agreement shall prevail.

                  4.03.    Amendments. No amendment or modification of this
Agreement or waiver of any right hereunder shall be binding on any party hereto
unless it is in writing and is signed by all of the parties hereto.

                  4.04.    Successors. The terms of this Agreement shall be
binding upon, and shall inure to the benefit of, the parties hereto and their
respective corporate successors.

                  4.05.    Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given if
personally delivered at or mailed by registered mail, return receipt requested,
to, in the case of (i) the Trust c/o Wilmington Trust Company, at Rodney Square
North, 1100 N. Market Street, Wilmington, Delaware 19890 (telecopier no. (302)
651-8882), Attention: Corporate Trust Administration, with a copy to Nissan
Motor Acceptance Corporation, as Administrative Agent, at 990 West 190th Street,
Torrance, California 90502 (telecopier no. (310) 324-2542), Attention:
Treasurer, (ii) the Secured Party, at U.S. Bank National Association, Wrigley
Building, 400 North Michigan Avenue, 2nd Floor, Chicago IL 60611 (telecopier no.
(312) 836-6701), Attention: Nissan Auto Lease Trust 2003-A, and (iii) the
Securities Intermediary, at U.S. Bank National Association, Wrigley Building,
400 North Michigan Avenue, 2nd Floor, Chicago IL 60611 (telecopier no. (312)
836-6701), Attention: Nissan Auto Lease Trust 2003-A, or as to any of such
parties, at such other address as shall be designated by such party in a written
notice to the other parties.

                  4.06.    Termination. The rights and powers granted herein to
the Secured Party have been granted in order to perfect its security interest in
the Reserve Account, are powers coupled with an interest and will neither be
affected by the bankruptcy of the Trust nor by the lapse of time. The
obligations of the Securities Intermediary hereunder shall continue in effect
with respect to the Reserve Account until the Secured Party shall have notified
the Securities Intermediary in writing that its security interests under the
Indenture has been terminated.

                                                               Control Agreement

                                        4

<PAGE>

                  4.07.    Counterparts. This Agreement may be executed in any
number of counterparts, all of which shall constitute one and the same
instrument, and any party hereto may execute this Agreement by signing and
delivering one or more counterparts.

                                                               Control Agreement

                                        5

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective officers as of the day and year first above
written.

                                NISSAN AUTO LEASE TRUST 2003-A

                                By: WILMINGTON TRUST COMPANY,
                                    not in its individual capacity, but
                                    solely as Owner Trustee

                                    By: /s/ Anita E. Dallago
                                        --------------------------------
                                    Name: Anita E. Dallago
                                    Title: Senior Financial Services Officer

                                U.S. BANK NATIONAL ASSOCIATION, as Indenture
                                Trustee and Secured Party

                                By: /s/ Patricia M. Child
                                    ------------------------------------
                                    Name: Patricia M. Child
                                    Title: Vice President

                                U.S. BANK NATIONAL ASSOCIATION, as
                                Securities Intermediary

                                By: /s/ Patricia M. Child
                                    -------------------------------------
                                    Name: Patricia M. Child
                                    Title: Vice President

                                                               Control Agreement

                                       S-1<PAGE>

                                                                    EXHIBIT 10.8

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                                   NILT TRUST,
                                 as Transferor,

                                       and

                           NISSAN AUTO LEASING LLC II,
                                  as Transferee

                     --------------------------------------
                                SUBI CERTIFICATE
                               TRANSFER AGREEMENT

                          Dated as of October 29, 2003
                     --------------------------------------

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<PAGE>

                       SUBI CERTIFICATE TRANSFER AGREEMENT

         This SUBI Certificate Transfer Agreement, dated as of October 29, 2003,
is between NILT Trust, a Delaware statutory trust ("NILT Trust"), as transferor
(the "Transferor"), and Nissan Auto Leasing LLC II, a Delaware limited liability
company ("NALL II"), as transferee (the "Transferee").

                                    RECITALS

         A. Nissan-Infiniti LT (the "Titling Trust") is a Delaware statutory
trust governed by the Amended and Restated Trust and Servicing Agreement, dated
as of August 26, 1998 (the "Titling Trust Agreement"), by and among the NILT
Trust, as grantor and initial beneficiary (in such capacity, the "Grantor" and
the "UTI Beneficiary," respectively), Nissan Motor Acceptance Corporation, a
California corporation ("NMAC"), as Servicer (the "Servicer"), Wilmington Trust
Company, a Delaware banking corporation ("Wilmington Trust"), as Delaware
trustee ("Delware Trustee"), NILT, Inc., a Delaware corporation, as trustee (the
"Trustee"), and U.S. Bank National Association, a national banking association
("U.S. Bank"), as trust agent (the "Trust Agent");

         B. Pursuant to the Titling Trust Agreement, the purposes of the Titling
Trust include taking assignments and conveyances of and holding in trust various
assets (the "Trust Assets");

         C. NILT Trust, the Servicer, the Trustee, the Delaware Trustee and the
Trust Agent are entering into the 2003-A SUBI Supplement, dated as of October
29, 2003 (the "2003-A SUBI Supplement", and together with the Titling Trust
Agreement, the "SUBI Trust Agreement"), to (i) establish a special unit of
beneficial interest, the "2003-A SUBI" and (ii) identify and allocate certain
Trust Assets to the 2003-A SUBI;

         D. Pursuant to the SUBI Trust Agreement a separate portfolio of leases
(the "2003-A Leases"), the vehicles that are leased under the 2003-A Leases (the
"2003-A Vehicles"), and certain other related Trust Assets have been allocated
to the 2003-A SUBI;

         E. The Titling Trust has issued a certificate evidencing a 100%
beneficial interest in the 2003-A SUBI (the "2003-A SUBI Certificate") to the
Transferor;

         F. The Transferor and the Transferee desire to provide for the sale,
transfer, and assignment by the Transferor to the Transferee, without recourse,
of all of the Transferor's right, title, and interest in the 2003-A SUBI
Certificate; and

         G. Immediately after the transfer and assignment of the 2003-A SUBI
Certificate to the Transferee, the Transferee shall sell, transfer, and assign
all of its right, title and interest in the 2003-A SUBI Certificate to the
Nissan Auto Lease Trust 2003-A in connection with a securitization.

         NOW, THEREFORE, in consideration of the mutual agreements herein
contained, and of other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:

                                             SUBI Certificate Transfer Agreement

                                        2

<PAGE>

                                   ARTICLE ONE
                                   DEFINITIONS

         Section 1.01. Definitions. Capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in the Agreement of
Definitions, dated as of October 29, 2003, by and among Nissan Auto Lease Trust
2003-A, as issuer (the "Issuer"), NILT Trust, as Grantor and Initial
Beneficiary, the Titling Trust, NMAC, in its individual capacity, as Servicer
and as administrative agent (in such capacity, the "Administrative Agent"), NALL
II, the Trustee, Wilmington Trust, as Delaware Trustee and owner trustee (in
such capacity, the "Owner Trustee") and U.S. Bank, as Trust Agent and indenture
trustee (in such capacity, the "Indenture Trustee").

         Section 1.02. Interpretive Provisions. For all purposes of this
Agreement, except as otherwise expressly provided or unless the context
otherwise requires, (i) terms used in this Agreement include, as appropriate,
all genders and the plural as well as the singular, (ii) references to words
such as "herein", "hereof", and the like shall refer to this Agreement as a
whole and not to any particular part, Article, or Section within this Agreement,
(iii) the term "include" and all variations thereof shall mean "include without
limitation", (iv) the term "or" shall include "and/or", (v) the term "proceeds"
shall have the meaning ascribed thereto in the UCC, and (vi) any defined term
that relates to a document shall include within its definition any amendments,
modifications, renewals, restatements, extensions, supplements, or substitutions
that have been or are hereafter executed and delivered in accordance with the
terms thereof, except that references to the SUBI Trust Agreement include only
such items as relate to the 2003-A SUBI and the Titling Trust.

         Any reference in this 2003-A SUBI Certificate Transfer Agreement to any
agreement means such agreement as it may be amended, restated, supplemented
(only to the extent such agreement as supplemented relates to the Notes), or
otherwise modified from time to time, except that references to the SUBI Trust
Agreement include only such items as relate to the 2003-A SUBI and the Titling
Trust. Any reference in this 2003-A SUBI Certificate Transfer Agreement to any
law, statute, regulation, rule, or other legislative action shall mean such law,
statute, regulation, rule, or other legislative action as amended, supplemented,
or otherwise modified from time to time, and shall include any rule or
regulation promulgated thereunder. Any reference in this 2003-A SUBI Certificate
Transfer Agreement to a Person shall include the successor or assignee of such
Person.

                                   ARTICLE TWO
                       TRANSFER OF 2003-A SUBI CERTIFICATE

         Section 2.01. Transfer of 2003-A SUBI Certificate.

         In consideration of the Transferee's delivery to, or upon the order of,
the Transferor of $1,437,059,516.90 (the "Transfer Price") in cash by federal
wire transfer (same day) funds, of which an amount equal to approximately 15.89%
of the Transfer Price will represent the proceeds of a capital contribution from
NMAC to the Transferee, the Transferor hereby

                                             SUBI Certificate Transfer Agreement

                                        3

<PAGE>

absolutely sells, transfers, assigns, and otherwise conveys to the Transferee,
without recourse, and the Transferee does hereby purchase and acquire, as of the
date set forth above, all of the Transferor's right, title, and interest in and
to the following (collectively, the "Assets"):

                  (i)      the 2003-A SUBI Certificate and the interest in the
         2003-A SUBI represented thereby, including all monies due and paid or
         to become due and paid or payable thereon or in respect thereof;

                  (ii)     all of the Transferor's rights and benefits as holder
         of the 2003-A SUBI Certificate under the Servicing Agreement and the
         SUBI Trust Agreement;

                  (iii)    the right to realize upon any property that underlies
         or may be deemed to secure the interest in the 2003-A SUBI represented
         by the 2003-A SUBI Certificate, as granted in the 2003-A SUBI
         Supplement and in the 2003-A SUBI Certificate;

                  (iv)     all general intangibles, chattel paper, instruments,
         documents, money, deposit accounts, certificates of deposit, securities
         accounts, investment property, financial assets, goods, letters of
         credit, letters of credit rights, advices of credit and uncertificated
         securities, and other property consisting of, arising from, or relating
         or credited to the foregoing; and

                  (v)      all cash and non-cash proceeds of all of the
         foregoing.

         Section 2.02. True Sale. The parties hereto intend that the sale,
transfer, and assignment of the Assets constitutes a true sale and assignment of
the Assets such that any interest in and title to the Assets would not be
property of the Transferor's estate in the event that the Transferor becomes a
debtor in a case under any bankruptcy law. To the extent that the conveyance of
the Assets hereunder is characterized by a court or similar governmental
authority as a financing, it is intended by the Transferor and the Transferee
that the interest conveyed constitutes a grant of a security interest under the
UCC as in effect in the State of Delaware by the Transferor to the Transferee to
secure the Transfer Price to the Transferor, which security interest shall be
perfected and of a first priority. The Transferor hereby grants to the
Transferee a security interest in all of its right, title, and privilege and
interest in and to the Assets and the parties hereto agree that this Agreement
constitutes a "security agreement" under all applicable laws.

         Section 2.03. Representations and Warranties of the Transferor and the
Transferee.

         (a) The Transferor hereby represents and warrants to the Transferee as
of the date of this Agreement and the Closing Date that:

                  (i)      Organization and Good Standing. The Transferor is a
         statutory trust duly formed, validly existing, and in good standing
         under the laws of the State of Delaware, and has the power and the
         authority to own its properties and to conduct its business as such
         properties are currently owned and such business is presently
         conducted, and had at all relevant times, and shall have, power,
         authority and legal right to acquire, own and sell the Assets.

                                             SUBI Certificate Transfer Agreement

                                        4

<PAGE>

                  (ii)     Due Qualification. The Transferor is duly qualified
         to do business as a foreign business trust in good standing, and has
         obtained all necessary licenses and approvals in all jurisdictions in
         which the ownership or lease of property or the conduct of its business
         shall require such qualifications, except where the failure to have any
         such license, approval, or qualification would not have a Material
         Adverse Effect on the Transferor.

                  (iii)    Power and Authority. The Transferor has the power and
         authority to execute and deliver this Agreement and to carry out its
         terms; and the execution, delivery, and performance of this Agreement
         has been duly authorized by the Transferor by all necessary action.

                  (iv)     Binding Obligation. This Agreement constitutes a
         legal, valid, and binding obligation of the Transferor, enforceable
         against it in accordance with its terms, except as enforceability may
         be subject to or limited by bankruptcy, insolvency, reorganization,
         moratorium, liquidation, or other similar laws affecting the
         enforcement of creditors' rights in general and by general principles
         of equity, regardless of whether such enforceability shall be
         considered in a proceeding in equity or at law.

                  (v)      No Violation. The execution, delivery, and
         performance by the Transferor of this Agreement, the consummation of
         the transactions contemplated by this Agreement, and the fulfillment of
         the terms hereof do not (A) conflict with, or result in any breach of
         any of the terms and provisions of, or constitute (with or without
         notice or lapse of time) a default under the Transferor's trust
         agreement, or (B) conflict with or breach any of the material terms or
         provisions of, or constitute (with or without notice or lapse of time)
         a default under any indenture, agreement or other instrument to which
         the Transferor is a party or by which it may be bound or any of its
         properties are subject; or (C) result in the creation or imposition of
         any Lien upon any of its properties pursuant to the terms of any
         material indenture, agreement, or other instrument (other than as
         permitted by the Basic Documents); or (D) violate any law or, to the
         knowledge of the Transferor, any order, rule, or regulation applicable
         to it or its properties, or (E) contravene, violate, or result in a
         default under any judgment, injunction, order, decree, or other
         instrument of any court or of any federal or state regulatory body,
         administrative agency or other governmental instrumentality having
         jurisdiction over the Transferor or any of its properties, except to
         the extent that such contravention, violation, or default would not be
         likely to have a Material Adverse Effect.

                  (vi)     No Proceedings. There are no proceedings in which the
         Transferor has been served or, to the knowledge of the Transferor,
         proceedings or investigations that are pending or threatened in each
         case against the Transferor, before any court, regulatory body,
         administrative agency or other tribunal, or governmental
         instrumentality (A) asserting the invalidity of this Agreement, (B)
         seeking to prevent the consummation of any of the transactions
         contemplated by this Agreement or (C) seeking any determination or
         ruling that, in the reasonable judgment of the Transferor, could
         reasonably be expected to materially and adversely affect the
         performance by the Transferor of its obligations under this Agreement.

                                             SUBI Certificate Transfer Agreement

                                        5

<PAGE>
                  (vii)    Title to 2003-A SUBI Certificate. Immediately prior
         to the transfer of the 2003-A SUBI Certificate pursuant to this
         Agreement, the Transferor (A) is the true and lawful owner of the
         2003-A SUBI Certificate and it has the legal right to transfer the
         2003-A SUBI Certificate, (B) has good and valid title to the 2003-A
         SUBI Certificate and the 2003-A SUBI Certificate is on the date hereof
         free and clear of all Liens and (C) will convey good, valid, and
         indefeasible title to the 2003-A SUBI Certificate to the Transferee
         under this Agreement.

         (b) The Transferee hereby represents and warrants to the Transferor as
of the date of this Agreement and the Closing Date that:

                  (i)      Organization and Good Standing. The Transferee is a
         limited liability company duly organized, validly existing, and in good
         standing under the laws of the State of Delaware, has the power and the
         authority to own its properties and to conduct its business as such
         properties are currently owned and such business is presently
         conducted, and had at all relevant times, and shall have, power,
         authority, and legal right to acquire, own and sell the Assets.

                  (ii)     Due Qualification. The Transferee is duly qualified
         to do business as a foreign limited liability company in good standing,
         and has obtained all necessary licenses and approvals in all
         jurisdictions in which the ownership or lease of property or the
         conduct of its business shall require such qualifications, except where
         the failure to have any such license, approval or qualification would
         not have a Material Adverse Effect on the condition, financial or
         otherwise, of the Transferee or would not have a Material Adverse
         Effect on the ability of the Transferee to perform its obligations
         under this Agreement.

                  (iii)    Power and Authority. The Transferee has the power and
         authority to execute and deliver this Agreement and to carry out its
         terms; and the execution, delivery, and performance of this Agreement
         has been duly authorized by the Transferee by all necessary action.

                  (iv)     Binding Obligation. This Agreement constitutes a
         legal, valid, and binding obligation of the Transferee, enforceable
         against it in accordance with its terms, except as enforceability may
         be subject to or limited by bankruptcy, insolvency, reorganization,
         moratorium, liquidation, or other similar laws affecting the
         enforcement of creditors' rights in general and by general principles
         of equity, regardless of whether such enforceability shall be
         considered in a proceeding in equity or at law.

                  (v)      No Violation. The execution, delivery, and
         performance of this Agreement by the Transferee and the consummation of
         the transactions contemplated by this Agreement and the fulfillment of
         the terms hereof do not (A) conflict with, result in any breach of any
         of the terms and provisions of, or constitute (with or without notice
         or lapse of time) a default under, the limited liability company
         agreement of the Transferee; or (B) conflict with or breach any of the
         material terms or provisions of, or constitute (with or without notice
         or lapse of time) a default under, any indenture, agreement, or other
         instrument to which the Transferee is a party or by which it may be
         bound or any of

                                             SUBI Certificate Transfer Agreement

                                        6

<PAGE>

         its properties are subject; or (C) result in the creation or imposition
         of any Lien upon any of its properties pursuant to the terms of any
         material indenture, agreement, or other instrument (other than as
         permitted by the Basic Documents); or (D) violate any law or, to the
         knowledge of the Transferee, any order, rule, or regulation applicable
         to it or its properties; or (E) contravene, violate, or result in a
         default under any judgment, injunction, order, decree, or other
         instrument of any court or of any federal or state regulatory body,
         administrative agency, or other governmental instrumentality having
         jurisdiction over the Transferee or any of its properties, except to
         the extent that such contravention, violation, or default would not be
         likely to have a Material Adverse Effect.

                  (vi)     No Proceedings. There are no proceedings in which the
         Transferee has been served or, to the knowledge of the Transferee,
         proceedings or investigations that are pending or threatened, in each
         case against the Transferee, before any court, regulatory body,
         administrative agency, or other tribunal or governmental
         instrumentality (A) asserting the invalidity of this Agreement, (B)
         seeking to prevent the consummation of any of the transactions
         contemplated by this Agreement or (C) seeking any determination or
         ruling that, in the reasonable judgment of the Transferee, would
         materially and adversely affect the performance by the Transferee of
         its obligations under this Agreement.

         (c) The representations and warranties set forth in this Section shall
survive the sale of the Assets by the Transferor to the Transferee and the sale
of the Assets by the Transferee to the Trust. Upon discovery by the Transferor,
the Transferee, or the Trustee of a breach of any of the foregoing
representations and warranties, the party discovering such breach shall give
prompt written notice to the others.

         Section 2.04. Financing Statement and Books and Records.

         (a) In connection with the conveyance of the Assets hereunder, the
Transferor agrees that prior to the Closing Date it will deliver to the
Transferee, with all requisite endorsements, the 2003-A SUBI Certificate and
will file, at its own expense, one or more financing statements with respect to
the Assets meeting the requirements of applicable state law in such manner as
necessary to perfect the sale of the Assets, and the proceeds thereof to the
Transferor (and any continuation statements as are required by applicable state
law), and to deliver a file-stamped copy of each such financing statement (or
continuation statement) or other evidence of such filings (which may, for
purposes of this Section 2.04, consist of telephone confirmation of such filings
with the file stamped copy of each such filing to be provided to the Transferee
in due course), as soon as is practicable after receipt by the Transferor
thereof.

         (b) The Transferor further agrees that it will treat the transfer of
the Assets as a sale for accounting purposes, take no actions inconsistent with
the Transferee's ownership of the Assets and on or prior to the Closing Date
indicate on its books, records, and statements that the Assets have been sold to
the Transferee.

         Section 2.05. Acceptance by the Transferee. The Transferee agrees to
comply with all covenants and restrictions applicable to a Holder of the 2003-A
SUBI Certificate and the interest in the 2003-A SUBI represented thereby,
whether set forth in the 2003-A SUBI Certificate, in

                                             SUBI Certificate Transfer Agreement

                                        7

<PAGE>

the SUBI Trust Agreement, or otherwise, and assumes all obligations and
liabilities, if any, associated therewith.

         Section 2.06. Release of Claims. Pursuant to Section 3.04(b) of the
Titling Trust Agreement and Section 12.02(b) of the 2003-A SUBI Supplement, the
Transferee hereby covenants and agrees for the express benefit of each holder
from time to time of a UTI Certificate and any other SUBI Certificate that the
Transferee shall release all claims to the UTI Assets and the related Other SUBI
Assets, respectively, and, in the event such release is not given effect, to
subordinate fully all claims it may be deemed to have against the UTI Assets or
such Other SUBI Assets, as the case may be.

                                  ARTICLE THREE
                                  MISCELLANEOUS

         Section 3.01. Amendment. This Agreement may be amended from time to
time in a writing signed by the parties hereto.

         Section 3.02. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to any otherwise applicable principles of conflict of laws (other than Section
5-1401 of the New York General Obligations Law).

         Section 3.03. Severability. If one or more of the covenants,
agreements, or provisions of this Agreement shall be, for any reason whatever,
held invalid or unenforceable, such provisions shall be deemed severable from
the remaining covenants, agreements, and provisions of this Agreement, and such
invalidity or unenforceability shall in no way affect the validity or
enforceability of such remaining covenants, agreements, and provisions, or the
rights of any parties hereto. To the extent permitted by law, the parties hereto
waive any provision of law that renders any provision of this Agreement invalid
or unenforceable in any respect.

         Section 3.04. Binding Effect. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their permitted
successors and assigns.

         The Transferor acknowledges and agrees that (a) (i) the Transferee may,
pursuant to the Trust SUBI Certificate Transfer Agreement, transfer and assign
the 2003-A SUBI and the 2003-A SUBI Assets represented thereby and assign its
rights under this Agreement to Nissan Auto Lease Trust 2003-A and (ii) the
representation, warranties, and covenants contained in this Agreement and the
rights of the Transferee under this Agreement are intended to benefit Nissan
Auto Lease Trust 2003-A; and (b) (i) Nissan Auto Lease Trust 2003-A may,
pursuant to the Indenture, pledge and grant a security interest in the 2003-A
SUBI and the 2003-A SUBI Assets represented thereby and assign its rights under
this Agreement to the Indenture Trustee and (ii) the representation, warranties,
and covenants contained in this Agreement and the rights of the Transferee under
this Agreement are intended to benefit the Indenture Trustee (for the benefit of
the holders of the Notes). The Transferor hereby consents to all such transfers,
assigns, pledges and grants.

         Section 3.05. Headings. The Article and Section headings are for
convenience of reference only and shall not define or limit any of the terms or
provisions hereof.

                                             SUBI Certificate Transfer Agreement

                                        8

<PAGE>

         Section 3.06. Counterparts. This Agreement may be executed in any
number of counterparts, each of which so executed and delivered shall be deemed
to be an original, but all of which counterparts shall together constitute but
one and the same instrument.

         Section 3.07. Further Assurances. Each party hereto shall do such acts,
and execute and deliver to the other party such additional documents or
instruments as may be reasonably requested, in order to effect the purposes of
this Agreement and to better assure and confirm unto the requesting party its
rights, powers and remedies hereunder.

         Section 3.08. Third-Party Beneficiaries. This Agreement shall inure to
the benefit of and be binding upon the parties hereto and each Holder of the
2003-A SUBI Certificate and each Registered Pledgee, who shall be considered
third-party beneficiaries hereof. Except as otherwise provided in this
Agreement, no other Person shall have any right or obligation hereunder.

         Section 3.09. No Petition. Each of the parties hereto covenants and
agrees that prior to the date that is one year and one day after the date upon
which all obligations under each Securitized Financing have been paid in full,
it will not institute against, or join any other Person in instituting against
any other party hereto, any Grantor, the Owner Trustee, the Trustee, any Special
Purpose Affiliate, any member of a Special Purpose Affiliate that is a limited
liability company, or the trustee of the Grantor, any bankruptcy,
reorganization, arrangement, insolvency, or liquidation proceeding or other
proceedings under any federal or state bankruptcy or similar law.

                  This Section shall survive the complete or partial termination
of this Agreement, the resignation or removal or the Trustee and the complete or
partial resignation or removal of the Servicer.

         Section 3.10. No Recourse. It is expressly understood and agreed by the
parties hereto that (a) this Agreement is executed and delivered by U.S. Bank,
not individually or personally, but solely as trustee of NILT Trust, in the
exercise of the powers and authority conferred and vested in it, (b) each of the
representations, undertakings, and agreements herein made on the part of the
Transferor, as it relates to NILT Trust, is made and intended not as personal
representations, undertakings, and agreements by U.S. Bank, but is made and
intended for the purpose of binding only NILT Trust, (c) nothing herein
contained shall be construed as creating any liability on U.S. Bank,
individually or personally, to perform any covenant, either expressed or
implied, contained herein, all such liability, if any, being expressly waived by
the parties hereto and by any Person claiming by, through or under the parties
hereto, and (d) under no circumstances shall U.S. Bank be personally liable for
the payment of any indebtedness or expenses of NILT Trust under this Agreement
or any other related documents.

                                             SUBI Certificate Transfer Agreement

                                        9

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective officers duly authorized as of the day and
year first above written.

                                            NILT TRUST, as Transferor

                                            By: U.S. BANK NATIONAL ASSOCIATION,
                                                  as Managing Trustee

                                                By: /s/ Patricia M. Child
                                                    ---------------------------
                                                Name: Patricia M. Child
                                                Title: Vice President

                                            NISSAN AUTO LEASING LLC II, as
                                            Transferee

                                            By: /s/ Joji Tagawa
                                                -------------------------------
                                                Name:  Joji Tagawa
                                                Title: Treasurer

                                             SUBI Certificate Transfer Agreement

                                       S-1

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